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Forecasting any business is vital. However, many small companies don’t partake in this process. Business owners tend to the logistics of running their company and solving issues. Therefore, forecasting a small business can be challenging, if not seemingly impossible. When… Read More
Archive for the ‘Financial Planning’ Category
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Which is Better: Cash Basis or Accrual Accounting?
There are two different types of accounting: cash basis and accrual. These methods differ in some ways, but both will give you some kind of overview of your business finances and the health of your company. Which one is right… Read More
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Profit Margins (and How to Fix Them)
As long as you’re not running a non-profit, for most businesses, profit is the name of the game. It’s never a good idea to live in the red, and for most business owners, until they start seeing comfortable profit margins… Read More
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How to Save Time on Accounting Tasks
When you’re a small business owner, you don’t have enough hours in the day to complete all necessary business tasks and spend time on yourself and your family. When it comes time to deal with bookkeeping and accounting, many small… Read More
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Common Accounting Mistakes Made By New Business Owners
Running a new business is a tall order, especially if you don’t have a lot of training or experience. Bookkeeping and accounting are critical aspects of any business, but they’re particularly important for new businesses and startups who are trying… Read More
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Why QuickBooks is the Best Accounting Software for Small Business
As a small business owner, you probably already know the great importance of keeping track of all your accounting. In fact, from payroll to preparing for tax season effectively and efficiently, being a business owner requires a lot more responsibilities… Read More
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Why Is Bookkeeping Important?
Bookkeeping, the act of keeping financial records pertaining to your business, is a critical component of a successful business. Having organized and well-kept financial records will give your business an edge in many different ways. Whether you do it yourself… Read More
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What’s the Difference Between a Bookkeeper and an Accountant?
You might be surprised to learn that a bookkeeper and an accountant are not the same. An accountant is a bookkeeper, but a bookkeeper is not an accountant. What does that mean? It means that an accountant can do a… Read More
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Yearly Accounting Tasks for Small Business Owners
There are a lot of accounting tasks to think about when you’re a small business owner, and the yearly accounting tasks are some of the most important. Annual reports come in to give you an overhead view of your business… Read More
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Monthly Accounting Tasks for Small Business Owners
We’ve discussed daily and weekly accounting tasks for small business owners before, and now it’s time to talk about monthly accounting tasks that small business owners need to stay on top of. Regularly managing your bookkeeping and accounting will help… Read More