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Entrepreneurs are skilled at coming up with creative ideas for new businesses, but a large number of startups fail within the first five years. Often times, the problem is not the entrepreneur’s idea or the services they offer- the issue… Read More
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Importance Of An Accounts Payable Department
No matter the size of your business, it’s critical that you have a firm grasp on tracking expenses and income to ensure that you’re staying within budget and making a profit. This is why having an accounts payable department is… Read More
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3 Tips For Getting Clients To Pay On Time
Many companies have to deal with late paying or non-paying clients and have a difficult time dealing with the repercussions. Late client payments not only throw off a company’s accounting, but it can also result in major stability problems. In… Read More
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3 Common Cash Flow Problems and Solutions
All entrepreneurs have a fear of having cash flow problems, as they rely on the money coming into their business to have a paycheck and stay in business. A lack of finances is the second biggest reason that businesses fail,… Read More
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Tips For Scaling Internal Controls For A Growing Company
It’s important to think about internal controls early as a business owner, as many companies wait until they start losing efficiency or a financial disaster happens. To establish a company culture of success, it’s crucial to create internal controls that… Read More
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5 Tips For Managing Accounts Payable
As a small business owner, you have a lot of tasks to juggle to keep your company running smoothly. Accounts payable process improvement helps to make your job a little easier by allowing you to pay vendors and work on… Read More
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Importance of Good Bookkeeping
Good bookkeeping is essential to the success of every business. It’s important that business owners and managers maintain clearly organized financial records that can be used for keeping track of profits, expenses, and setting goals. If you’ve operated with disorganized… Read More
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Why Small Businesses Choose QuickBooks As Their Accounting Software
QuickBooks is most-used accounting tool for small businesses, as it offers a wide range of capabilities that all owners need. When compared to other accounting software programs, QuickBooks is the best option based on price, ease of use, time-saving features,… Read More
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Cash Flow Statement: The Difference Between The Direct and Indirect Method
A cash flow statement is a very important financial report that helps determine your business’s success. The statement shows how changes in balance sheet accounts and income affect cash, allowing you to see cash flowing in and out of your… Read More
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3 Tips For Converting To A Paperless Office
Businesses all around the world are making a conscious decision to switch to digital tools to use less paper. It may not be possible for all companies to go completely paperless, but there are many steps your small business can… Read More