Many small businesses reliably produce a set of financial statements each year, listing assets and liabilities, revenue and expenses, cash flow and shareholder equity. Often, outsourced bookkeeping services prepare these reports, but the documents are quickly forgotten by business leaders as they fo…Read More
Owners of emerging businesses aren’t naïve. However, with so many demands on your time, staying focused on accounting needs may be difficult. Maybe you’ll do it yourself with handwritten ledgers or off-the-shelf software. Or perhaps you’ll hire a bookkeeper or outsourced accounting services f…Read More
As a business owner, your company’s financial health is of the utmost importance. There is more to measuring your financial health, however than simply looking at how much money is in the bank. Business accounting services are essential for most businesses to stay on the right track. Let’s take …Read More
Accounting is important for small business owners as it helps the owners, managers, investors and other stakeholders in the business evaluate the financial performance of the business. Accounting provides vital information regarding cost and earnings, profit and loss, liabilities and assets for deci…Read More
Any small business owner will soon realize the need to become the financial accountant and bookkeeper for your business on top of all of your other tasks. However, it can become difficult to provide superb small business services while simultaneously staying on top of the financial aspects of runnin…Read More
A balance sheet is often referred to as a snapshot of the health of a company. Assets, liabilities, and ownership equity are all shown here. The purpose of the balance sheet is to give users an idea of the company's financial position along with displaying what the company owns and owes. A simple wa…Read More
Financial statements show not only where a company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on before they turn into bigger issues. The income statement is one of a company’s m…Read More
Outsourced accounting, small business bookkeeping, and outsourced controller services have become a more common solution for small businesses today. Why? The advantages, which once were only enjoyed by mid-market and enterprise companies, are becoming understood by smaller companies. With a remote, …Read More
Ever wonder what happened to that laptop you know you saw around the office last year? Or a desk you’re certain was put into storage? They’re listed on your fixed asset ledger but are nowhere to be found. Perhaps you feel like you’re going a little crazy because it seems these items have m…Read More
How often do you seek out your accountant’s advice on other areas of your business excluding taxes? Small business accountants are savvy financial advisors who can assist you with more than just filing tax returns, and regular meetings with your outsourced accounting service provider can help you …Read More
