Category Archives: Bookkeeping
5 Common Business Accounting Issues (And How To Get Past Them)
Key Takeaways: Business accounting involves reporting, tax preparation, financial analysis, and forecasting, and it’s crucial to ensure your operations keep running. Common accounting issues include classifying expenses wrong, keeping inaccurate records, poor cash flow management, and others To avoid business accounting issues, improve your recordkeeping,…
8 Great Business Cash Flow Models + Examples
How To Understand Your Business’s Cash Flow Money is coming in, but where’s it going? You’ve been expecting to see your accounts flush with a lot of revenue, but why isn’t that the case? You may be hitting the ground running with new revenue opportunities…
How Much Are Accounting Fees For A Small Business?
Key Takeaways Accounting fees for small businesses can range from $500 to $5,000 per year Fees vary based on your business’s needs An accountant is an investment in your business, helping protect you from costly mistakes Not choosing the right business structure, misclassifying employees, and…
A Simple Guide To Double-Entry Accounting
You have probably heard of double-entry accounting, but you may not understand how it works or why it matters for your company. Money is moving in and out of your business every day. Did you buy inventory? Pay insurance? Receive payment from a customer? Each…
12 Benefits Of Bookkeeping And Accounting Services For Small Businesses
Owning a small business and managing the day-to-day operations can be stressful enough without having to keep up with the different bookkeeping tasks. The financial operations of your business is at the core of making decisions that can help or hurt your business. Not only…
Top 3 Small Business Accounting Challenges (And How To Tackle Them)
Key Takeaways: Small business accounting is the process of gathering and evaluating business financial data, preparing reports, and preparing for taxes Key concepts include assets versus liabilities, accounts payable and receivable, balance sheets and income statements, and tax preparation processes Top three small business accounting…
Business Owner’s Guide: Where To Begin With Small Business Accounting
The goal of running a business is to make money, but if you’re not tracking the numbers correctly, you’ll never be able to optimize your financial potential. Small business accounting isn’t just a chore or something you need to deal with at tax time. It’s…
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