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Posts Tagged bookkeeping

Do You Know the Difference between Bookkeeping and Accounting?

When most small business owners think of the terms bookkeeping and accounting, they often use them interchangeably. While it’s true both bookkeeping and accounting are important in the management of your company’s finances, some key differences between the two functions do exist. Therefore, business owners need to understand the roles of each and how they work together to ensure your company’s success. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Healthy Business Competition Might be the Best Thing for Your Company

Knowing how to stay ahead of the curve and keep your business successful often comes down to a few simple rules. Once you understand that business competition isn’t inherently a bad thing for your company, it’s a lot easier to adjust your tactics so you not only feel better at the end of the day, but that your bottom-line shows improvement, too. (more…)

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

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3 Bookkeeping Solutions for Non-Tech Business Owners

Congrats! You’re a small business owner who has turned your passion into a profitable business. Every day, you get to work on something you love. That’s what most business owners strive for. But running a business also comes with a long list of to-do tasks that you may not love doing. However, these tasks must be done to keep your business successful and growing. Bookkeeping is often cited as one of these least favorite tasks by business owners. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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5 Top Challenges for Small Business Owners

The daily operations for any small business can be hectic, but there are a few key responsibilities that often prove to be especially challenging. Small business owners who know how to navigate these common pitfalls are better equipped to keep their company operating in the green. (more…)

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

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Take Advantage of Seasonal Downtime – Review Your Business Budget

While many businesses can heat up during the summer, a lot of businesses experience a major slow-down. With the kids out of school, people are often busy taking vacations or participating in warmer weather activities. If your business goes through seasonal doldrums, why not take advantage of the downtime to review your business budget? You can review how your year has gone so far and plan for what you want the rest of your year to look like. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Is Convenient and Easy Making a Muddle of Your Business Bookkeeping?

Is your business going paper-free or at least relatively paper-free? While the idea sounds terrific, it can create a mess if you still operate your business bookkeeping systems like you did 30 years ago. If you are fighting a muddle of chaos, chances are that you don’t have a clear updated process in place, and that can do nothing but aggravate and stall your progress. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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3 Reasons Why an Emergency Fund Is a Necessity for Your Business

Most financial advisors tell people they need to have an emergency fund to cover unforeseen financial issues; job loss, medical expenses, or home repairs, that may occur in their lives. The same can be said for businesses, too. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How to Ride the Wave of Fast Business Growth

Ask around, and most business owners will say that they’re looking to grow and make more money. But good business sense says that it’s better if you plan for growth, not just ride the wave of a quickly-growing business. When business is booming, there are a few key ways to ease those growing pains and keep your company on track for success. (more…)

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

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3 Steps to Make Sure Money Works for the New Business Owner

Whether you are starting a small business intentionally or falling into it because your idea for selling a doo-dad has gone crazy, one thing you will definitely need to do is establish a process for incoming and outgoing money. That’s called keeping the books and every bit of success relies on your paying attention to the money side of your business. Here are 3 steps for the very greenest newbie that hasn’t a clue what language accountants speak. (more…)

Posted in: Operating a Small Business, Payroll

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The Promise and Benefits of Bookkeeping

Ahhh, spring is here! The days are longer and everyone is in a good mood, right? Well, maybe. For many small business owners this time of year is very stressful. That’s because they are trying to get their business books in order to complete their tax returns. These are the weeks, almost as much as the first month of the year, is when we hear, “I’m not doing this again. Next year I’m going to …” as they fret over missing receipts, confusing records, and fear about the upcoming tax bill.

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

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