Bookkeeping

How Bookkeeping and Accounting Can Benefit Your Business

Experiencing steady, consistent growth is the goal of every company. Businesses plan annually to make strides toward scaling up operations, hiring new employees, and earning more revenue. However, one aspect that often gets overlooked as companies expand is the need for accurate financial planning in order to make the most of the strategies they put …

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How to Use Performance Data to Create a Business Budget

As your business grows, the metrics needed to successfully run operations change significantly. While it can be easy to singularly focus on driving profit, many owners overlook the simple fact that as business expands, there is more data being generated with valuable information and metrics that let you know what’s happening. This can be complicated …

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7 Tips to Recession-Proof Your Business

Many business owners don’t realize that our economy has natural cycles of expansion and decline. For this reason, businesses would do well to prioritize being prepared year-round should the market take a turn for the worse. In the event of a financial downturn or a recession, circumstances can change suddenly and unexpectedly, leaving business owners wondering what to do next. Fortunately, maintaining some fundamentals as a business before a difficult situation emerges can make it much easier for owners to ride the natural waves of the economy. In this article, we’ll discuss some best practices on how to prepare for a recession.

The Fundamentals of Nonprofit Accounting

Working or volunteering in a nonprofit organization can be a rewarding opportunity for many. Whether you are excited by the prospect of creating new positive change, or simply contributing to an established organization’s mission in the world, nonprofits offer a lot of promise to do something meaningful. Whether one is making a career switch from …

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5 Tips for Creating a Business Budget

Budgeting can be a complex challenge for any business. Whether you are just starting out, or your company is more established and planning major changes such as expanding into new markets, creating a business budget comes with several tough choices and strategic considerations. In order for SMBs to create a functional budget, they will need …

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Accounting for Small Business: Soothing the Pain Points

Knowing how to properly manage accounting for small and mid-sized businesses may seem like an easier task due to the smaller nature of the companies. However, many times it is the founders and senior members of the company who are tackling the daily ins and outs of small and mid-sized business (SMB) accounting. In addition …

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7 Behavioral Traits That Make Great Startup Founders

While there are many behaviors that separate great leaders from posers, there are 7 behaviors that every successful startup founder has in common. Building a startup is like continuing to put your hand in a light socket and getting shocked over and over. It is painful and sometimes seems like the end of the world. The ups and downs …

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5 Bookkeeping Tips for Small Business Owners

Millions of small business owners struggle to complete their bookkeeping on a monthly basis, and for many of them, it is an unwelcomed chore. Most people aren’t “accounting” or “financially” focused people, and most small business owners would much rather spend their time doing the fun part of their business which is providing the service or selling the product …

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3 Small Business Bookkeeping Myths That You Need to Know

There are many misconceptions when it comes to bookkeeping – especially when it comes to outsourcing to a firm. Bookkeeping is essential for business success. Below we discuss 3 of the most common small business myths we’ve encountered. Small Business Bookkeeping Myth #1 Outsourced bookkeeping is sent overseas to people I don’t trust with my …

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What Can a Virtual Bookkeeping Firm Do for My Business?

When running a small business, there are A LOT of things to worry about and focus on. However, with advances in technology, more affordable options, and better overall quality service; managing your bookkeeping and accounting do not need to be one of them. One of the biggest complaints we hear from small business owners is …

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