Implementing sustainable financial practices not only contributes to the global fight against climate change but can also enhance a company's reputation, lead to cost savings, and open up new market opportunities. In this post, we take a look at how your small business can embrace sustainability in its financial practices, no matter your industry.
Spring symbolizes renewal and growth, making it the perfect season for businesses to rejuvenate their sales efforts. In our most recent article, we examine ways business owners can capitalize on this seasonal shift and inject some vitality into their sales.
Are you a business owner who is looking to establish new habits that will enrich both you and your business? Our latest article provides some strategies for building habits that both you and your business will love, fostering an environment of growth, efficiency, and satisfaction.
A financially healthy business requires careful planning, adaptability, and a commitment to continuous improvement. In this post, we look at 10 essential New Year's resolutions every business owner should make to ensure a prosperous and sustainable financial future.
As the year draws to a close, it’s the perfect time for business owners to reflect on the previous 12 months. Read our latest article for some practical ways business owners can commemorate their achievements, embrace a mindset of continuous improvement, and lay the groundwork for continued success in the coming year.
In the midst of the holiday shopping frenzy lies a day dedicated to celebrating the heart and soul of communities—Small Business Saturday. In this article, we examine its origins, its importance to small businesses, shoppers, and communities, and look at how you can you encourage shoppers to support your business throughout the holiday shopping season and beyond.
Halloween is just around the corner, and while most people are planning their costumes and haunted house visits, business owners must not let their bookkeeping responsibilities become a haunting presence. Read our latest article for some ideas to help you keep your financial records in check while enjoying this spooky season!
Bookkeeping is an essential aspect of running a small business. However, many small business owners find bookkeeping to be a daunting task. If your experience with bookkeeping for your business has been a frustrating one, take a look at this post to learn more about why this may be the case, and what you can do to make it less so.
As the back-to-school season approaches, it's not just students who should be thinking about getting back to their books. Business owners who may have fallen behind on their bookkeeping can use this time of year as a turning point. In this article, we share 5 practical tips to help you catch up.
Artificial intelligence (AI) has the potential to reshape the way businesses operate, making processes more efficient, enhancing customer experiences, and ultimately driving growth. In this article, we share some ideas for business owners who want to leverage AI to gain a competitive edge and achieve success in the modern marketplace.
When it comes to accounting for online businesses, there are several best practices that are unique to this type of business model. This article reviews some of the special considerations for effective accounting for your online business.
As a small business owner, tax season often brings a flurry of activities and deadlines. However, once tax season is over, it's essential to shift your attention to other critical financial areas of your business. This article will guide you through some essential financial aspects that deserve your focus now that tax season has concluded.
Mixing personal and business expenses can quickly become a financial nightmare that makes your accounting more difficult and less accurate. In this article, we provide some compelling reasons why it's not a good idea to mix the two.
Are you looking to uplevel your small business’ customer service? In this article, we give you a few ideas to get you started.
April will be here before we know it, and that means it’s time to start thinking about filing taxes. We have a few tips to share to help ensure you are as prepared as possible to make tax time less stressful–and you might even be able to get them done early!
As a business owner, do you find yourself falling behind in recording your financial transactions and balancing your accounts? It’s easy to let that happen when so many other important business tasks compete for your time. The secret to staying caught up is to never allow yourself to get behind in the first place.
By taking a proactive, consistent, and systematic approach to managing accounts receivable, a business can avoid the cash flow issues caused by not receiving payments on time, or worse, not getting paid at all.
Establishing best practice processes for your accounts payable, from the initial handling of the actual invoice through to processing and approval, will save you time and money, reducing unnecessary costs (such as interest and late fees) and increasing your operational efficiency.
Getting started with a bookkeeping service requires some prep work. You must first select a bookkeeping service that is right for you.
When implementing an accounting system such as QuickBooks, a business owner must decide whether to manage it on their own or outsource it to someone else. This article covers a few factors a business owner should consider before deciding to do it themselves with QuickBooks.
Over the last three years, more and more businesses are embracing virtual work. Working virtually eliminates the need for paper and provides convenience, flexibility, and efficiency.
Here are seven key performance indicators (KPIs) that every owner should consider when measuring the performance and profitability of their business:
Understanding the distinction between revenue and cash flow is key for you to feel confident your company is on track for success and is financially healthy.
Do you lack financial clarity for your small business? If so, you have company. About 60 percent of small business owners aren’t confident in finance and accounting.
Is improving your financial health a goal for your business heading into 2022? If so, great! But have you thought about what it will take to reach that goal?
Every business, large or small, needs an annual plan. Have you started yours for the coming year?
Small business owners often rely on their own understanding to manage their businesses’ financials--maybe because they believe that accountants are only there for tax preparation. But accountants can fulfill a much larger role, serving as a financial guide for the business.
Do you have an accurate way of tracking and recording the money that is coming in and out of your business? A better way to ask this question might be: When you need information about a past transaction, how easily are you able to find it?
As a small business owner, the way you lead reflects heavily on the success of your business. You want your team to react positively to your leadership style, but with so many factors to base your strategy on, it can get complicated, especially if your team begins to question why and how you do things.
In the US, 29 million small business owners rely on QuickBooks to help them manage their finances. It’s no coincidence that so many people rely on this tool to help their businesses succeed. While there are plenty of business owners reaping the full benefits of QuickBooks, many are not taking advantage of its full potential.