Are you carrying more responsibility than you need to within your small business? As a business owner, it can be hard to let go of the control of certain tasks that need to be done. Too often, business owners spend their time on busywork, resulting in a situation where there isn’t enough time left…Read More
A business valuation is a general process of determining the economic value of a whole business or company unit. The first thing to keep in mind regarding the valuation of a business is that there are many different methodologies for valuation. Some methods may weigh income more heavily as a factor,…Read More
Small business owners often wear many hats while running their business such as being responsible for sales, customer service, and accounting. Small business bookkeeping is especially important to the stability and growth of businesses, and although their transactions may not be as large as some big…Read More
As businesses expand and become more dynamic, the need for a senior-level financial expert such as a part-time CFO becomes critical. Companies are faced with more complex financial decisions and can benefit from a part-time CFO’s expertise to help them navigate the path to achieving their strategi…Read More
Small business tax preparation can be complicated, especially for small business owners unfamiliar with tax law. A simple mistake or slight exaggeration could warrant an audit from the Internal Revenue Service which could be extremely costly for your small business. The best way to minimize your cha…Read More
Small business bookkeeping can be complex and time-consuming. Your financial statements are essential to growing and maintaining your business. If you as the small business owner are spending hours and hours on your books, you can’t spend time in other areas of your business. Many people start a b…Read More
Small business accounting can be time-consuming, especially for entrepreneurs without an accounting background. Managing accounts payable and accounts receivable is an important skill to master. You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you,…Read More
When your small business started off, it may have been viable to record all your financials manually in a book kept in the drawer of your desk. As your business grows, having accounting processes and procedures in place is absolutely essential to ensure financial health. It is likely your competitio…Read More
Every small business owner has to make tough decisions with uncertain outcomes. That is the nature of being an entrepreneur, and it is as true today as it was thirty years ago. However, present-day decision making might be a little more difficult than it was in the past for a number of reasons, and …Read More
Billing schemes. Skimming. Check to tamper. Small business bookkeeping fraud is a real risk for entrepreneurs of fewer than 100 employees. As a small business owner, you may have implemented procedures to prevent bookkeeping fraud. However, nothing is 100% guaranteed to work. Median fraud loss for s…Read More
