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 [...]
https://youtu.be/0fu7kAQw7Xo Your small business is thriving; you’re growing rapidly, your profits are on an upswing, and you’re starting to get a handle on inventory, payables, and receivables. Your customers are happy and the potential for scalability seems good. In the [...]
If you’re like many small business owners and CEOs, more than likely you are a natural leader. Furthermore, you’re probably a skilled salesperson able to accurately assess the competitive landscape and focus on the overall big picture, which is crucial [...]
There’s one thing that all small businesses have in common - every one of them seeks to make a profit by offering a product or service in exchange for payment. Another commonality is that all companies must keep track of [...]
As we discussed in a previous blog, managing your gross profit margins is an important key to achieving maximum profitability. Going hand in hand with margin management is controlling expenses. When operating expenses are not closely monitored, there can be [...]
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 [...]
