The revenue for accounting, tax preparation, and payroll services in the United States are set to generate around 160 billion US dollars in 2018. That’s a lot of people spending a lot of money on accounting and bookkeeping services. Since so much money is spent on outsourced accounting and bookkee…Read More
Small business bookkeeping is critical to the success of your company. Its daily maintenance can place a large strain on you and your staff, distracting your team from focusing on what matters most: growing your business. Additionally, a single bookkeeping mistake could end up being financially disa…Read More
Bookkeeping is often seen as one of the necessary evils that one must face while running a small business. The tedious task of bookkeeping can often take up hours and hours of time and isn’t the most exciting thing. This is the primary reason that well over half of small business owners and entrep…Read More
Should you do your own bookkeeping? While that may sound like a small question, it can be tough for even the savviest of small business owners to answer. This post will help you decide which route is best for your situation. Accounting mishaps can be costly, so it pays to make an informed decision. …Read More
When you start a small business, there are a number of decisions you have to make. One of those decisions is what type of accounting method you are going to use in your small business. How are you going to record your financial transactions? You can use either a cash system of accounting or accrual …Read More
If you want to be a successful small business, you’re going to have to learn how to keep the books in order. Bookkeeping is vital to the survival of a small business and can help owners make better business decisions. Most small business owners are not familiar with the best bookkeeping practices,…Read More
Running a small business is a daunting challenge. Statistically, less than 50 percent of small businesses are still operational after five years. Globalization has increased the level of competition and introduced more turmoil to the business environment. Certain professionals such as outsourced boo…Read More
A small business’s financials are crucial in assessing the health of a company. As the old adage says, “numbers don’t lie.” Numbers can indicate success or failure in a company, and they can certainly indicate the first signs of trouble within a company. As a small business owner if you do n…Read More
Are you running your own business? You may be one of the small business owners that love going over your books to ensure financial stability in your business, or you may be an owner that does not totally understand how it works. Either way, one of the most vital things for a small business is sound …Read More
The April 15 tax deadline recently passed with relief to many Americans around the world as they had successfully completed their 2018 tax returns. Although tax season is technically over, tax planning for small businesses is a year-long effort. The sooner you start and plan your taxes, the bigger i…Read More
