As you begin your career as a small business owner, it’s important that you take the time to set yourself up for financial success. This includes expanding your financial literacy…
As you begin building your small business, there are a number of logistical and administrative matters to sort out that lay the foundation for your future growth. You need to…
Tracking expenses, paying employees, staying compliant with IRS regulations—bookkeeping is essential to efficient business operations. When you have a good system set up, it’s easy to stay on top of…
While it may seem daunting to those who are new to the industry, accounting for property managers is really no more complicated than accounting in any other industry. That said,…
For an entrepreneur looking to streamline their company’s operations while also reducing the margin of error in routine business activities, investing in accounts payable software for small businesses is a…
When you’re running a business, establishing a budget and keeping close tabs on your financial standing is essential—it helps put your business on solid footing and sets you up for…
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…
Maintaining your small business’ books is just about the most important part of being a business owner. Without good bookkeeping, it’s nearly impossible to gauge the financial health of your…
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,…
One of the hardest things small business owners may deal with is chasing customers collect payments from customers. And let’s face it, collecting payments is the most important thing to…
