Small business owners spend too much time on their accounting and not enough growing their own businesses. Part of the issue is that the accounting and bookkeeping methods we use [...]
Many experts believe (and vocally declare) that every business needs a bookkeeper. We disagree. Technology’s capabilities have surpassed the need for human involvement in all but the most complex business [...]
Warren Buffet famously says that “Accounting is the language of business.” The very best way to learn the language of your business — that is, accounting — is to hire [...]
Businesses never start out disorganized. Chaotic processes and records become that way over time. No matter how long it took for your accounting books to go from tidy to disordered, [...]
The 21st-century economy moves in real time. Why, then, do you still have to wait until the end of the month to see how your business’s finances are doing? The [...]
There’s a difference between what you know about your business’s finances and what your bank knows. Balancing out the difference is a process called “transaction reconciliation.” Doing it manually sucks [...]
More than three-quarters (78%) of small business owners haven’t completed any formal business training. But 83% of them consider themselves knowledgeable, very knowledgeable, or extremely knowledgeable when it comes to [...]
Research from Bank of America tells us that of all the businesses that conduct yearly cash flow analyses and forecasts, only 36% succeed. That number jumps to 80% for companies [...]
What’s the only thing worse than feeling overwhelmed by the task of bookkeeping? Feeling overwhelmed by the bookkeeping software that’s supposed to make that overwhelmed feeling go away. And to [...]
“The death of monthly accounting,” as Andrew Hoag, CEO of Teampay, calls it, “has long been overdue.” Monthly bookkeeping has been the old standby, but it doesn’t support any business—from [...]
