Most small businesses, and large businesses too, are usually looking for ways to cut costs and improve profit margins. While it seems counterintuitive, often, hiring an outside vendor for a process can actually help you cut your costs overall. Yes,… Read More
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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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Why You Should Automate Your Accounts Payable
Accounts Payable is an often overlooked but incredibly important part of any business. Even for those people in your business who know how important the accounts payable employees are, most of them don’t actually know the scope of the work… Read More
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Common Payroll Mistakes Made by Small Business Owners
Your business is booming, and there are a million tasks to do! It can seem impossible to keep up with payroll and tax paperwork. However, if this is you, you’re not alone! Many small business owners get overwhelmed with their… 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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Are Health Savings Accounts Beneficial for Small Businesses?
When you think about the importance of a health savings account, or an HSA, the internal discussion usually involves the many benefits they provide to the end-user. Even as a business owner, you’ve likely always been more concerned with the… Read More
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How to Effectively Manage Payroll
There is no denying that for business owners — particularly small business owners — being responsible for all aspects of their business is essential — including their accounting. In fact, from processing employee paychecks to keeping track of all documentation associated with… 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