What is Double-Entry Bookkeeping?
As a small business owner, I’m sure you’ve heard the term “double-entry bookkeeping” at one time or another. But since you’ve landed on this page, [...]
What Does a Bookkeeper Do for Small Businesses?
Bookkeeping is the process of organizing and recording all financial transactions related to a business. A bookkeeper is responsible for these duties. As a small [...]
The Importance of Accounting Processes for Small Business
The accounting process is comprised of summarizing, analyzing, and reporting financial transactions. It includes the eight-step process for bookkeeping tasks in a small business. Establishing [...]
How to Hire a Bookkeeper
Most entrepreneurs will handle their own finances when they first launch a startup. But as your small business scales, you’ll eventually need to add help [...]
Does Your Small Business Need a CFO or Controller?
For your small business to operate at a high level, you need to have clearly defined roles in your finance department. Ideally, this means that [...]
Benefits of Outsourced Bookkeeping Services
Small businesses don’t have the luxury of having an entire team of employees in their accounting department. That’s why so many business owners try to [...]
Beginner’s Guide to the Accounting Cycle
The accounting cycle is a critical component of accurate bookkeeping and healthy financial management. When properly applied, the accounting cycle provides the information required to [...]
Accounts Receivable vs. Accounts Payable
Every business needs to understand accounts receivables and accounts payables. These two terms are the foundation for buying and selling on credit. Without a proper [...]
8 Ways to Fix Cash Flow Problems
Cash flow is the lifeblood of any business. According to a recent study by NFIB, 82% of companies fail because of poor cash flow management. [...]
8 Financial Mistakes Every Small Business Needs to Avoid
Everyone makes mistakes. Whether you’re a startup company, business that has been around for decades or a small business that falls somewhere in the middle, [...]
