If you’re a small business owner, you know the importance of tracking fluctuations in revenue vs. profit. It gives you  important information about your business, and helps you project potential…

The “envelope system” of budgeting is a physical method of parceling out money, using cash and envelopes, allows users to keep close track of their money. Today, technology has made…

Owning a small business requires a good budgeting and accounting system. Whether you’re new to the game or have been budgeting for years, the right tools can make a big…

In order to maintain a consistent understanding of how your business is performing, calculating and regularly updating your operating profit is essential. Not only does this provide a snapshot of…

Establishing good accounting practices is one of the biggest struggles facing small businesses. Entrepreneurs wear many hats and often run a lean business, which can make it difficult to get…

Trying to figure out how to handle payroll for your small business can quickly become a nightmare. Different types of pay, deductions, and labor rules need to all be addressed…

If your staff gets a check or direct deposit, what they see is their net salary. They may wonder how you arrived at that figure. How much of their wages,…

As a small business owner, you want your venture to grow and thrive. To maximize your business’s potential, it’s so important to have a good grasp on your cash flow….

The importance of financial management What is a w3? As a small business owner, financial management can often feel intimidating and overwhelming—especially when it comes to employee forms and documentation….

Need to send or receive a remittance? Confused what the term remittance actually means? This page gives a breakdown of what remittance actually is along with a few examples of…

In the world of business, the specifics of opportunity cost and how to calculate opportunity cost are sometimes misunderstood. This page will tell you everything you need to know about…