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Posts Tagged bookkeeper

Steps to Take When a Client Has Unpaid Invoices

While most clients understand the importance of paying their bills in full and on time, some clients inevitably will pay for goods and services late. Unpaid invoices and the effort to get them paid can be a huge challenge for a small business’ profitability – in time and money.

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Posted in: Bookkeeping and Accounting, Operating a Small Business

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Do You Know Why Your Small Business Is Failing?

Did you know there are over 28 million small businesses in the United States, according to the Small Business Administration? If your business is succeeding, that’s great! Good job! Because, unfortunately, only about 50% of small businesses survive – and only one-third survive 10 years or more. Why do you think that happens in such numbers? (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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5 Tips to Quicker Customer Payments

In business, you must keep an eye on your cash flow. Because, if you’re like most small business owners, how much you have in the bank depends on the speed in which your customers pay you. But how do you get your invoices paid faster? Here are some simple tips from The Payroll Department to help you get prompt customer payments. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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The Real Benefits of Outsourced Bookkeeping

If you’re like most small business owners, you didn’t start your company because you loved working on the administrative details in the back office. You opened shop because you have a passion or a specific skill set, and you want to earn money utilizing your interests. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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10 Tips for a Successful Franchise Business

Have you thought of running a franchise? Or, maybe you currently own one – or more. Running any small business – even a franchise – isn’t easy. However, a franchise does come with certain built-in advantages. It’s basically known as a business in a box, because the business has already been developed by the franchisor. For instance, a franchise already comes with brand name recognition, so, theoretically, getting customers should be a little easier. Also, in some cases, the franchisor provides franchise owners with detailed manuals to help them run their business. While these things are helpful, running a franchise is still hard work and can be overwhelming, especially when starting out.
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Posted in: Bookkeeping and Accounting, Operating a Small Business

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Warning: Without an Accounts Receivable Process You Won’t Get Paid

Occasionally, at networking and other events, we hear small business owners grumble about not getting paid for jobs they’ve done. At The Payroll Department, we understand their frustration. Often, the problem really comes down to not having an accounts receivable process in place. Many entrepreneurs “leave money on the table” by not telling their clients what their terms of payment are, not following up for payment, and worst of all, not even sending an invoice. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How Outsourcing Your Bookkeeping Can Help with Your Small Business Exit Strategy

Congrats! You’re a successful small business owner, but now you’re starting to think about moving on or retiring. Whether you’ve been in business for one year or 25 years, you need to plan your exit strategy. What do you want to do with your small business? Walk away from it? Sell it to someone else? Merge with another business? (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Why Would You Consider Another Stressful Tax Season Without a Bookkeeper?

I trust you made it through another tax season. There is always a collective sigh of relief – and it’s not just the accounting firm employees – it’s the small business owners, too. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll

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Common Myths about Outsourcing Payroll, Part 2

3 More Myths Small Business Owners May Believe

Last month, The Payroll Department explored three common myths about outsourcing payroll that entrepreneurs may have:

  • Myth #1: In-house payroll processing saves time and money – and is error-free.
  • Myth #2: Payroll outsourcing is too expensive.
  • Myth #3: Outsourcing payroll means I lose control over my payroll

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Posted in: Operating a Small Business, Payroll, Payroll Processing

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4 Top Issues Bookkeeping Can Help Solve for Your Small Business

Are you damaging your business by trying to do everything, including bookkeeping, on your own?As a small business owner, you want your business to grow and succeed. But all small businesses are plagued by the same common problems that can impede their success. Part of the problem is, try as they might, entrepreneurs are just not as knowledgeable and effective in all areas of their businesses as they would like. This lack of knowledge and ineffectiveness can lead to inadequate processes, errors, and missed opportunities.

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Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll, Uncategorized

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