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 [...]
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 [...]
https://youtu.be/9zNI8q7i6sw All small businesses need bookkeeping services. But those needs vary greatly from company to company. Some small businesses record and track a great number of transactions and recognize the need for a full-time bookkeeper right from the start. Many [...]
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 [...]
On the Hunt for Bookkeeping Services Near Me? Having a competent bookkeeper should be a top priority for growing your small business. Many CEOs of small businesses are also the founder of their business. They can sometimes fall into the [...]
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 [...]
