Setting up Your Business Accounting System

Posted on 25. Feb, 2020 by in Accounting, Bookkeeping Articles, Small Business Tips

You’ve done the hard work. You have a new business idea or you’ve found an existing business to purchase. Want to help ensure your business success? Pay attention to correctly setting up your business’ accounting system. Here’s how: Consider business entity. Choosing the right legal and tax entity for your business is important. Consult experts […]

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5 Warning Signs That You Need to Find a Bookkeeper

Posted on 05. Dec, 2019 by in Bookkeeping Articles, Small Business Tips

Do you find yourself wondering if it might be time to find a bookkeeper?  Here are five warning signs that it might be time to take this step – although many times you are in way over your head if they occur. Your banker or business advisor has requested financial statements.  If this happens and […]

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Why Hiring a Freelance Bookkeeper is a Great Option

Posted on 26. Nov, 2019 by in Bookkeeping Articles, Small Business Tips

The words “freelance bookkeeper” is not a favorite phrase for some business owners.  There are several reasons for this and all of these are misguided.  So here are a few myths that need to be addressed: Myth:  Freelance bookkeepers cost too much Truth:  In fact, hiring a contract bookkeeper can save you money as you […]

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How to Save Time and Money Using a Freelance Bookkeeper

Posted on 21. Nov, 2019 by in Bookkeeping Articles, Small Business Tips

Some new small business owners are under the mistaken impression that hiring a freelance bookkeeper costs too much money.  They think that just because they have accounting software, that they can save money by either doing it themselves or by having someone like a spouse do it for them.  You don’t want to make this […]

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How to Work With Your Bookkeeper and CPA

Posted on 14. Nov, 2019 by in Bookkeeping Articles, Small Business Tips

No matter how big or small your business, it will have bookkeeping and tax needs!    To begin your journey on how to work with a good bookkeeper and CPA, you must first understand the accounting needs of your business.  All small businesses require:   Bookkeeping.  The day-to-day recording of monies paid out and monies received in by the business.  It includes money […]

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Stop Doing Shoebox Bookkeeping and Start Taking Charge of Your Financial Records

Posted on 12. Nov, 2019 by in Bookkeeping Articles, Small Business Tips

Some small business owners have the mistaken belief that as long as they have all their paperwork together in one box that they’re doing a good job with their finances.  Nothing could be further from the truth.  In bookkeeping circles this is known as “shoebox bookkeeping” and many times it’s a bookkeepers worst nightmare at […]

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Budgeting Made Simple for the Small Business Entrepreneur

Posted on 31. Oct, 2019 by in Bookkeeping Articles, Budget, Managing Finances, QuickBooks, Small Business Tips

Most of us came from the corporate world where working with budgets was an everyday occurrence. So now you are the one in charge and budgeting is the last thing on your mind for your business. Budgeting is just as important to the small business owner as it is to major corporations. It helps control […]

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Seven Simple Ideas to Help Your Small Business

Posted on 29. Oct, 2019 by in Bookkeeping Articles, Cashflow, Customers, Human Resources, Managing Finances, Small Business Tips

If you are like millions of taxpayers trying to make a living running a small business, you know it is tough out there. Here are seven ideas to help your business survive and thrive.  Understand your cash flow. One of the biggest causes of business failure is lack of understanding cash flow. At the end of the […]

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Three Costly Accounting Mistakes to Avoid

Posted on 16. Oct, 2019 by in Bookkeeping Articles, Small Business Tips

Small business owners have a lot on their plates, and time simply does not allow you to become an expert in all the areas required for running a business. Here are a couple of common mistakes that we see all the time. Correcting them will help you be more productive and profitable in your business. […]

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Cash Flow Concepts That Can Save Your Business

Posted on 03. Sep, 2019 by in Bookkeeping Articles, Managing Finances, Small Business Tips

A sad and oft-repeated truth is that half of all new businesses fail within the first five years. Although many factors contribute to business failure, a common culprit is poor cash management. All businesses, large and small, must deal with the uncertainty of fluctuating sales, inventories and expenses. Follow these practices to moderate the ebb […]

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