5 Vendor Management Tips for Small Businesses
Effective vendor management is an often overlooked process. However, it is one of the most critical processes to ensure the smooth running of your business operations while…
How to Choose a Payroll Schedule for Your Small Business
As a small business owner, determining the ideal time to administer payroll may sound simple in theory. But the reality is that your payroll schedule must take…
How to Calculate the Breakeven Point for Your Small Business
The breakeven point shows you how much product you need to sell in order to cover the cost of doing business. It can also be used to…
How To Choose The Right Accounting Software for Your Business
[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…
How to Manage Payroll for Independent Contractors in 3 Steps
According to a LinkedIn survey, 70% of SMBs have hired freelancers in the past, and 81% plan to do so again in the future. These numbers should…
5 Biggest Financial Warning Signs for Small Businesses
According to the Small Business Administration, only about 50 percent of small businesses survive for a five year period. And, just one third are able to make…
Separating Personal and Business Expenses
With another new year fast approaching, one of your small business goals may be to catch up on your bookkeeping. Indeed, one of the most common mistakes…
Small Business Accounts Payable Best Practices
In our most recent blog post, we shared tips for optimizing your accounts receivable in order to boost cash inflows. But when it comes to money leaving…