Overview of the Recent Government Programs This overview is intended to help a small business owner navigate the complex terrain of what is available as part of the $2 trillion package the government has passed to stimulate the economy and [...]
Bookkeeping is the function of accurately organizing and recording all day-to-day business transactions including accounts receivable, accounts payable, inventory purchases, payroll, and other key financial transactions. Proper bookkeeping is vital to the health of any business. Accurate financial reporting helps [...]
Public accountants, also known as CPAs, help businesses and individuals with all things related to accounting and auditing. Accountants may prepare financial statements, analyze budgets, assist with financial planning, and prepare tax returns. Small businesses should have both a bookkeeper [...]
Do you have a growing business with an increasing number of responsibilities? Are you using your time efficiently? Are there areas of your business that need more attention, but you’re simply short on time? Is bookkeeping one of those areas? [...]
Any business that invoices clients, executes frequent transactions, partners with external contractors, or manages more than a small handful of employees can benefit from using accounting software. Cloud-based accounting software makes it easier to track all inflows and outflows of [...]
Comparing Actuals to Forecast - What is it and why is it important? Tracking how your business is doing over time is crucial to achieving your goals for long term profitability and business growth. The discipline of stepping back from [...]
Understand the Value of Financial Forecasting & Planning One of the most significant (and often missed opportunities) as a business grows is understanding the value of and implementing the practice of forecasting and planning. Unless a business owner has been [...]
Gross Margin Is a Term That’s Often Misunderstood. It’s essentially interchangeable with both gross profit and gross trading margin—and, sometimes, all three are misused. Then we expand on these terms adding the use of percentages and come up with the [...]
