Small businesses thrive on the relationships they build with customers and product suppliers. However, at any moment, these relationships can struggle due to the lack of proper inventory management. To prevent a shortage or surplus of your company’s products, managing...
The word audit can be enough to elicit worry and consternation from business owners and employees alike. For most people, having their work double- and triple-checked by someone else is nerve-wracking. Not many people relish the idea of someone else looking over every...
Accounting has not always been what it is today. In fact, it has a very rich history dating back to before the ancient Romans. It is obvious that record keeping is very important to the survival of businesses and trading. Here is a brief history full of fun facts on...
Understanding the Importance of Budgeting The start of a new year often brings with it the feeling of new opportunities. In some ways, it feels like we have a clean slate or an opportunity to make a brand new start. We often try to set goals and make resolutions for...
Completely eliminating paper in your small business may not always be practical but even a small reduction in paper usage could yield cost savings and boost productivity. Let’s take a look at the benefits of running a paperless office and our top 7 tips for going...
While owning, operating, and overseeing a small business can be challenging in many aspects, financial management is often uniquely complex. Despite how a basic understanding of financial management and bookkeeping may bring an entrepreneur through the first stages of...
If you run a small business, how are you storing your invoices? If you're like most people, they're either in a box or folder somewhere, or thrown into a digital folder. It may seem like an easy enough task to file them away, but what about when it's time to do your...
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 not be surprising considering the many benefits of bringing on independent contractors rather than full-time employees....
Think about how most of us view money. We budget it, save it and try our best to earn more of it. But have you ever thought about your time in this way? Time is arguably your most valuable resource because it is not renewable. Once it has passed, it is literally gone...
Tracking business expenses can be tedious. Without proper attention and strategy, small business owners can quickly fall behind in keeping their financial records up to date. Tracking your business expenses allows business owners to easily see the whole picture of...
We have talked before about some of the benefits to outsourcing bookkeeping services to Remote Quality Bookkeeping, but sometimes, making that decision can be hard. So we thought that we would help answer some questions you may have when it comes to deciding whether...
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 into account a number of factors including: state regulations, cash flow needs, overtime rules, and the...
