April 1 2016
No matter if you hire a professional to handle your business finances or go the do-it-yourself route, it's important to understand the differences between cash and accrual accounting.
April 1 2016
It's easy to start your business using your personal accounts, but as you grow it will be a recipe for disaster, especially at tax time. There's good reason that some of the most common advice you'll hear as an entrepreneur is to keep your personal and business finances separate.
March 24 2016
If you've ever used Dropbox or checked your bank balance online, you're familiar with cloud computing. It has revolutionized the way small businesses do business. No matter if you're a tech start-up or a team of one working from your kitchen table, you can benefit from having your business on the cloud. Not only can it increase efficiency, it can be kind to your bottom line. Here are six reasons you'll want to consider getting onto the cloud.
May 14 2015
Everyone needs a professional opinion at some point. If you manage or own a small business, then finding a professional financial advisor may be your next logical choice to ensure your business is meeting your profit goals. Regardless of the services that you intend to provide, your business’ primary goal should always be self-sustainability; through that same vein, profit to make sure that you are capable of continuing to keep those doors open for business.
Hiring a CPA or in house accountant can be good for several major reasons
May 8 2015
When running and managing a small business, the question constantly running through your head may be: "Why do I always feel like money is going out the minute it comes in?!" Poor budgeting and a lack of stringent controls on your budget may be the cause of your financial headaches.
One of the main causes for unnecessary spending may be a lack of proper bookkeeping. Whatever your system may be, be it neatly organized excel files on your desktop OR a stack of papers carelessly thrown across your desk and crumpled into a filing cabinet, you need to constantly update your balance sheet and have a dynamic budget that's being up kept regularly.