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When running a small business, it can be all too easy—perhaps the only part that’s easy—to leave financial management under-tended or neglected outright, what with all conceivable energy and focus being required for day-to-day operations: customer service, team morale, sales…… Read More
Posts Tagged ‘accounting’
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What is the Difference Between Bookkeeping and Accounting?
Accounting and bookkeeping are two terms often used interchangeably, despite being two fairly distinct functions that serve markedly different purposes in the financial world. To wit: while these two disciplines are certainly “related,” they differ widely in their specific professional… Read More
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Should Your Small Business Outsource Its Accounting?
Small business owners are constantly balancing any number of tasks and responsibilities, including—more often than not—a good share (if not all) of the accounting and bookkeeping. However, for most entrepreneurs, these are inordinately time-consuming, complex tasks, requiring a certain level… Read More
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Every Startup Should Have a Professional Bookkeeper
Lots of people dream of starting their own business and being their own boss. In most cases, the amount of work that goes into it is so much greater than most people imagine. In addition to the actual work that… Read More
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Common Small Business Tax Mistakes
Taking on the task of running a small business can be overwhelming, and having to deal with small business taxes doesn’t make things any easier. There’s a lot to know about how small business taxes work—how to claim employees, what… Read More
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Why Small Business Owners Should Have a CPA for Tax Prep
Small business owners are fully aware of the many duties that come with the job. Sometimes, you have to jump into other tasks that aren’t specifically your responsibility like inventory management or customer relations. That may even mean doing your… Read More
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Is it Time to Upgrade Your Accounting Software?
Tax season can be an annual nightmare for small and large businesses alike. Tax season can be even more stressful with outdated accounting software. One oversight many small business owners make is not taking eligible deductions because they don’t have… Read More
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3 Reasons Your Small Business Needs a Professional Accountant
Taking the chance on a small business idea is both thrilling and terrifying. There is always a lot of work to do and a lot at stake, making it that much more important that your small business’s bookkeeping and accounting… Read More
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How a CPA Saves Your Business Money
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