According to the Small Business Credit Survey, 19% of small business owners are hard-pressed to find funds to keep the lights on. While making more revenue would obviously be the [...]
Financial management is a pivotal part of every business. A business’s financial health directly dictates how it will operate. No matter how successful your business is, your financial situation should [...]
Unless you have a background in accounting, the majority of bookkeeping terms seem like jargon and can be confusing. From “general ledger” to “chart of accounts,” these terms require small-business [...]
If you’ve used small-business accounting software, you’ve been faced with dozens of expense categories. (Does printing for a client go under the “Cost of Goods Sold” or “Office Supplies” category?) [...]
As a small-business owner, you’re a jack-of-all-trades. You can confidently switch your “business operations” hat to “chief marketing officer” hat in the blink of an eye. But when it comes [...]
Frankenstein bookkeeping -- a patchwork approach to bookkeeping creates a monster out of your books, a lot like Frankenstein. When you rely on too many systems to carry out tasks [...]
Learn the accounting lingo necessary for small business owners to effectively communicate with their accountants and manage their business finances.
Getting a letter in the mail from the IRS indicating that you are going to be audited is one of the scariest things that can happen, whether you're a small business owner or not. Some of these things may not be avoidable, but if they apply to you, you need to ensure your returns are done as accurately as possible.
Even with strong policies in place and regular auditing, fraud can still occur. However, keeping accurate records can help you identify offenders and lower the risk of long-running expense schemes occurring at your organization.
Cloud computing for accounting is definitely how the firms of the future run ad optimize their business. Today we are bringing you more information on how moving to the cloud can improve your business and keep your clients happy.