Where is your company at risk because of small business liabilities you are overlooking? Even if you are proactive in business systems and processes, it’s possible that a few holes could be putting your cash flow at risk. Every business owner needs to be proactive in identifying these potential issues before they become more serious […]
How are you changing workplace practices because of the COVID-19 health concerns? The Centers for Disease Control (CDC) and other government officials are encouraging all businesses to be proactive in minimizing the risk of spreading this virus. One positive case might seem simple initially, but the virus can spread quickly and affect other employees and […]
Success leaves clues. If you want to build a thriving small business, then the best approach is to look at other successful businesses in your industry – and start doing what they are doing. As you study other small business owners, you will see that many of them have certain things in common. Even though […]
Even if you are careful with data entry and tracking your business transactions, it’s inevitable that mistakes will happen in your bookkeeping. The problem is that these seemingly small accounting mistakes might seem trivial right now… but the long-term effects can be disastrous on your company. Accounting mistakes throw off your reports and balances, which […]
Are you taking the first steps to get your new business off the ground? Or, maybe you have launched a small business, and you are looking for solutions to grow the company. Regardless of the current size or age of your business, it’s critical that you establish systems to manage the financial details of your […]
Running a business can be stressful, especially with the recent economic events that are impacting all industries. If you are looking for ways to reduce your stress during these unprecedented economic times, then you might consider the option to outsource bookkeeping services so you can decrease your busy work. Running a business requires a lot […]
If you are running a small business, then inventory management is an important factor that affects everything from cash flow to product availability. You want to have products on hand to meet the demands of your customers. But too much inventory can cut into your bank account and make it hard to keep up with […]
New business owners who don’t know a lot about financial services often make the same mistake: thinking that bookkeeping and accounting services are the same. Before you hire a financial expert to assist with your business needs, it’s important to understand the distinct differences so you know whether to hire an accountant or bookkeeper. Managing […]
If you’re like many individuals and business owners, the topic of budgeting makes you squirm. Budgeting can be a challenge for families and businesses alike, but the process of setting financial goals and sticking within the numbers is important. Not only do you need to identify your financial structure, but it’s also important to maintain […]
Even the greatest business ideas fail at times because entrepreneurs fail to account for cash flow risk management. You can launch a new business and connect with potential customers, but you need to be proactive in identifying possible areas of risk. The truth is that money is flowing in and out of your company daily. […]
