6 Tips to Improve Forecasts and Budgets
Your business can’t survive if you’re just living in the moment, without looking towards the future. Planning ahead for the short-term and long-term is crucial [...]
Security Best Practices for Outsourced Bookkeeping
Data security should be a major concern for all small business owners. With data breaches rising at an alarming rate each year, at times, it [...]
How to Implement Paper-Free Bookkeeping
It’s no secret that we’re living in the digital age. Technology has seemingly taken over our lives and our work environments as well. Everything we [...]
Cash vs. Accrual Accounting
The accounting method used by your business will determine how you show profits each year. This has a direct impact on your income taxes and [...]
9 Common Bookkeeping Mistakes You Might Be Making
Nobody is perfect. As a business owner, I’m sure you know this all too well. You’ve made some mistakes in the past and I’m sure [...]
3 Essential Financial Reports for Your Small Business Bookkeeping
Every business needs to accurately track their financial data. But I see so many small business owners and entrepreneurs who are intimidated by the books. [...]
How to Identify & Establish Your Bookkeeping KPIs
How well is your business doing? I assume you use figures like sales, transactions, or revenue to answer this question. Otherwise, you wouldn’t know [...]
7 Steps to Set Up Internal Bookkeeping Controls That Are Scalable
Establishing internal controls in your accounting department is one of the most important aspects of running a business. What exactly are internal controls? Essentially, these [...]
Understanding Business Cash Flow
Frequently Asked Bookkeeping Questions: I’ve asked my bookkeeper to help me manage my cash flow but she says she can’t. Why not? A bookkeeper manages [...]
Bookkeeping for Employees vs. Independent Contractors
There are a variety of bookkeeping differences when dealing with employees or independent contractors. Laura Glennon, founder of Navitance, discusses the different things companies must [...]
