Bookkeeping matters – and not only at tax time. If you are working on growing your business, real-time financials are important. Knowing your numbers is critical. Good books are a priority. Why Bookkeeping Matters for Small Businesses Bookkeeping helps you answer questions about your business. It also helps you know what questions you should be READ MORE
Category: Bookkeeping
Mastering Cash Flow: Essential Tips for Successful Bookkeeping
Managing cash flow is a vital part of any successful business. Without proper bookkeeping and financial management, businesses can quickly find themselves in dire straits, struggling to pay bills and cover expenses. However, with the right strategies and tips, mastering cash flow can be a breeze. Here are some essential tips for successful bookkeeping and READ MORE
The Crucial Impact of Payroll on Cash Flow: What Business Owners Need to Know
As a business owner, it is crucial to understand how payroll impacts cash flow. If payroll expenses are mismanaged, it can lead to cash flow problems and potentially, financial instability. Management Strategies Here are some strategies you can use to manage it effectively. Timing One of the main ways that payroll impacts cash flow is READ MORE
Putting the Pieces Together: A New Business Owner’s Guide to Bookkeeping for Small Businesses
Congratulations on starting your new business! Preparing your company books for the first time can feel overwhelming, but it can be a manageable task with some basic knowledge and organization. “Bookkeeping is the backbone of a successful business,” stresses Jennifer Scott, founder of HireEffect, a bookkeeping company located in Texas. “It’s the foundation upon which READ MORE
Enter the Age of Bookkeeping Automation
Remember The Jetsons? George Jetson’s job consisted of sitting behind a desk and pushing a single button while his computer handled the rest. Automation – It seemed so out there at the time. Welcome to the future, where you can automate a lot of administrative small business tasks that weren’t possible even ten years ago. The less manual administration READ MORE
How to Make the Year-End Close Easier
Closing the books for the year is an important task in the annual financial reporting process. It involves identifying any balances on the company’s books and posting any adjustments. However, it can also be daunting. Even so, it’s important to have a comprehensive plan that’s ready to go. Luckily, there are a few things you READ MORE