In our last blog, we talked about some of the common mistakes that business owners make in regards to their accounting. Many business owners think that doing their own accounting can save them time and money but in reality, there is a lot that can go wrong when you do...
As a small business owner, you have to know how important accounting is to your business. Knowing where the finances are for your business is one of the keys to having a successful business. Because your main focus is on running your business, there are many mistakes...
Many businesses across the country are making the switch to cloud based accounting. In fact, in the e-book, The Appification of Small Business, Intuit forecasts that close to 80 percent of small businesses will be “fully cloud operational by 2020.” Despite this...
[vc_row][vc_column][vc_column_text]A sole proprietor running a cash-only business with just a few customers and suppliers may get by just fine with a spreadsheet to keep track of income and expenses. However, for more complex business models, the benefits of investing...
One of the many ongoing challenges for business owners is making sure the books are balanced. Within the chiropractic industry, that element of running a practice can be a particular pain point. In a blog entry on Chiroeco.com, an online resource for the chiropractic...
Running a business is no easy feat. You must juggle the demands of your customers along with keeping your records in check. Although most business owners don’t enjoy diving into spreadsheets and number crunching, keeping track of all the money that goes in and out is...
Episode Summary Cash is the engine that makes any company run. Your business will not survive without it. That’s why it’s absolutely critical you have a consistent focus on cash management if you expect to have a successful business. You need an approach that can give...
Business magnate, Richard Branson, once stated "Never take your eyes off the cash flow because it's the lifeblood of business." Here at RQB, we hold the same view. In fact, our most recent podcast episode, focuses on this very topic. Host, Adam Rondo, interviews Fred...
Owning and operating a business is just as rewarding as it can be taxing. With juggling day-to-day operations with building business strategies, it can feel inundating to remember to keep up to date with bookkeeping tasks. Are you considering the value of hiring an...
Outsourcing is the process of finding a company to perform business tasks for you. Many small businesses have found outsourcing to be an effective means of managing all facets of their business, from payroll and accounting to marketing and customer service. In this...
You never know when an audit of your business’s financials may occur. Therefore, companies should always be prepared for a potential audit of their business financials. Having your business financials audited can be stressful, particularly if you are not prepared for...
Business bankruptcy is rarely the result of a single misstep. It’s usually a culmination of warning signs that go unnoticed or unaddressed for too long. With recent data showing that overall bankruptcy filings rose 13.1% during the 12-month period ending March 31,...
