Do You Have a Revenue Plan for 2020? 

Posted on 09. Jan, 2020 by in Managing Finances, Small Business Tips

 A great way to start the New Year is to get clear on exactly how you can make your revenue goal number.  A revenue plan is the perfect tool.  You’ll need to be proficient in Excel, and if not, you can work with your accountant on this very important and enlightening spreadsheet.     Start by listing all of your […]

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The Short and the Long of It

Posted on 21. Nov, 2019 by in Accounting, Managing Finances, Small Business Tips

The balance sheet is one of the main financial reports for any business.  Among other things, it shows what a company owns, what they owe, and how much they and others have invested in the business.  One of the characteristics of a balance sheet is how it separates what you own and what you owe […]

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Tips to Improve Your Credit Score

Posted on 08. Nov, 2019 by in Managing Finances, Small Business Tips

Your credit score is more important than ever. Once viewed as a necessity when applying for a mortgage, it now factors into renting an apartment, paying for utilities, buying a cell phone, and determining the amount you pay for home and auto insurance! Here are tips to help you improve and maintain a good credit […]

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Ideas to Improve Your Financial Health

Posted on 04. Nov, 2019 by in Managing Finances, Small Business Tips

No-one likes to be blindsided by financial hardship. Listed here are ten ideas to help ensure your financial health stays healthy. Your safety net. Plan to have a minimum savings balance to cover three months of expenses. Ideally this should be six to twelve months. If your reserves are light, start saving now. Even if […]

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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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Bill collector calling? Know your rights

Posted on 23. Oct, 2019 by in Managing Finances, Misc. Articles

Maybe you’re behind on paying your bills because of circumstances outside of your control. Or perhaps there’s been an error in billing. Either way, these scenarios may lead to a run-in with a debt collector. Fortunately, there are strict rules in place that forbid any kind of collector harassment in the U.S. If you know […]

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A Report Card for Your Business Financials

Posted on 26. Sep, 2019 by in Managing Finances, Metrics, Small Business Tips

  Do you remember the days when you got a report card from school? Now that you have a business, your business has grades as well. But it’s up to you to calculate them.  Here are some grades you can compute for your business to give it a report card of its own. Financial Grades […]

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Take a Look at Your Income Statement, Step by Step.

Posted on 23. Sep, 2019 by in Managing Finances, Small Business Tips

The income statement of any business is probably the most important report of all.  It is a snapshot of the financial performance of your business over a period of time, such as a month or year.  You might also hear it called the Profit and Loss Statement, or P&L. The income statement can give you […]

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Smart Tactics to Manage Student Debt

Posted on 10. Sep, 2019 by in Budget, Managing Finances

According to the Federal Reserve, U.S. student loan debt is now $1.5 trillion with more than 44 million borrowers. Only mortgage debt currently has bigger numbers among types of consumer debt. Even worse, more than 10 percent of these loans are past due. Here are some tactics to help make student debt easier to manage: […]

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