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
Knowing how to work with the numbers in a company's financial statements is an essential skill for small business owners. The meaningful interpretation and analysis of balance sheets, income statements, and cash flow statements can help entrepreneurs determine the health of their business and make b…Read More
The day may soon arrive when you’re ready to sell your business. You may even have a price in mind, based on similar businesses that have sold recently in your area. Even if your not quite ready to sell, knowing the value of your business can be highly useful if the right buyer comes along. Beside…Read More
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
On a regular basis, we speak with small business owners who are reluctant to outsource their accounting and financial responsibilities. Often their reasons are based on myths surrounding the idea of outsourcing or even just the term itself. Small business owners often think it will reduce visibility…Read More
Are you a small business owner feeling frustrated with the growth progress of your business? Achieving business growth is never easy, especially for start-ups that barely have the resources to make it happen. How do you help your business grow when you’ve barely gotten a return on investment? And …Read More
As a small business owner, you have probably had many moments that left you wondering if your business is on the right track. You may feel concerned when you are paying bills and notice things were getting a little tight in your business account. It is very common for business owners to wonder, “i…Read More
Growing businesses have diverse financial needs, including cash flow management, business forecasting and planning, and fiscal management. These needs must be addressed by an experienced financial professional, but many business owners struggle with the decision whether or not to hire a full-time CF…Read More
Are you an entrepreneur just learning which services your startup will need to run your business more smoothly? The trend today is to outsource many of the tasks not related to your company’s core competency – that is, the activity that will ultimately drive revenue and grow your company, the re…Read More
Cash flow can be the difference between success and failure for your small business. In many cases, poor cash-flow management is one of the main reasons small businesses fail. With that being said, it’s important to recognize when your business is about to face a cash flow crisis. Many entrepr…Read More
