Cleaning up your books is likely the last thing on your mind if you’re like many other small business owners. You have bigger fish to fry. Your mind is more likely occupied with a customer acquisition. Or maybe it’s on philanthropic opportunities. Maybe you’re already thinking about the next busy season. Let me ask you… READ MORE
Category: Tips and Tools
Cash Flow Forecasting—The Key to Small Business Success
Cash flow forecasting is a vital process for small business owners, enabling them to predict future financial positions and make informed decisions. It involves estimating the amount of money that will flow in and out of your business over a specific period. To streamline this process, various tools and techniques can be employed for accuracy READ MORE
Setting Financial Goals for the Upcoming Year: A Guide for Small Business Owners
As a small business owner, the dawn of a new year is the perfect time to set fresh financial goals. Whether it’s boosting your revenue, cutting down costs, or investing in growth, clear financial objectives are vital to your business’s success. “As we step into a new year, it’s crucial for us to collaborate and READ MORE
8 Steps for Smarter AP: Unlocking Efficiency through Automation
Accounts Payable (AP) is a crucial department in any business. It is responsible for handling invoices, managing payments, and maintaining relationships with vendors. Traditional AP processes can be time-consuming, error-prone, and require extensive manual labor. However, in today’s fast-paced digital landscape, businesses can unlock unprecedented efficiency by automating their AP processes. “In today’s digital age, READ MORE
How to Dodge the Top AP 10 Pitfalls
In the complex world of business, managing accounts payable (AP) efficiently is often easier said than done. Even minor AP mishaps can snowball into significant operational hiccups, affecting everything from vendor relationships to your bottom line. That’s why it is essential to arm yourself with the know-how to sidestep common pitfalls that can disrupt the READ MORE
Mid-Year Temperature Check Every Business Should Perform
When was the last time you checked the temperature of your business? If it’s been a while, we suggest you take the temperature of your business now. A bookkeeping check-up is recommended. And, your financials may require attention. Half of the year has passed. (I know. I can’t believe it either!) As we move further READ MORE