Accounting is one of the most important aspects of any growing business. Keeping abreast of all the financial developments in your company is difficult but necessary for a lot of reasons. Organization, of course, is key to the success of any accounting department. Even if your company doesn’t have an established accounting department, it’s important…
Well it’s that time of year again – Tax Time! And the very first filings that have to be done are the quarterly returns for the last quarter of last year. You also need to prepare and distribute W-2s and 1099s. Before you start preparing these forms you need to get a few ducks in…
Small business owners struggle with one thing consistently – cash flow. And cash is the life blood of your business. Without good cash flow management skills your business will suffer because you will miss due dates on bills and you won’t be able to make payroll. And as a result you will be completely stressed…
Starting a business is no easy task. Regardless of what anyone tells you or shows you, don’t believe the hype. Regardless of what you see on social media, don’t believe the hype. See I knew better than to believe the hype but I did anyway. I tried to mimic and do what I saw others…
The past couple of months I have been approached by several business owners looking to get QuickBooks. And some of the questions they always ask are “Why can’t I keep using excel?” or “Do you really think I need to get QuickBooks?” To which I always answer is “Um YES!” Using an accounting software awards…
I recently came across this post. And while I am not sure when it was written, I still deemed it important to post. While the content was created for budgeting for personal finances, every single point is relevant to business finance budgeting as well. Every point was so dead on that I couldn’t have said…
So I have shared quite a bit with you about how to manage your finances and creating budgets. But what you really want to know is how to increase your bank balance – permanently. So here’s the one sure fire way to increase your bank balance. SAVE Yep that’s it. How you ask? The same…
As we head into the 4th quarter, you are super focused on ending the year with a bang, right? It is also the best time to start thinking about your plans for the upcoming year. Take a look at your current year to date actual figures and answer these questions: How have you done so far…
Accounting is the recording of financial business transactions in a systematic way. It encompasses the process of summarizing, analyzing, and reporting these transactions in a comprehensive way. It is one of the most important jobs or tasks of a business. This act of organizing financial data can tell you all sorts of things about your…
Operating a business requires continuous cash inflow and outflow. And I’m not necessarily talking about no small potatoes. Sometimes there are some big ticket items weighing us down and we harbor them and hold them close and then implement other processes that end up hurting us in the long run. These processes are not written…
