Bookkeeping can be a daunting task for many business owners, especially those who are running a business for the first time. Savvy entrepreneurs must overcome that initial feeling of uneasiness though. Bookkeeping is an important process since it helps you better understand the financial situation your business is in, as well as helps you spot […]
Even if you are a small business, you need to pay a close attention to your books. Doing so would make your life so much easier during tax season and allows you to manage your company’s finances better.
Your business may be small, but there’s nothing small about its contributions to the economy. According to the Small Business Administration, companies like yours represent 99.7 of all employer firms. And since 1995, small businesses have generated 64% of all new jobs in the country, and accounts for 44% of private payroll salaries paid.
A lot of new business owners tend to think that they can do away with a bookkeeper when running their business, particularly because they’re just starting anyway. When it comes to your company’s financial matters, however, there’s nothing more important than being up to date and properly accounted for right from the start.
Taking care of a business is not just all about managing the operations well. Crucial to any business success is good financial management to ensure a healthy inflow and outflow of revenue and costs.
If you’ve only recently started up shop, you’re certainly going to be very busy handling the daily operations and managing the administrative tasks to keep your business running. There will be many more adjustments to be made and, most certainly, a lot of trial and errors that you will go through.
When your small business has grown to the point that a bookkeeper is needed, it’s okay to admit that you have no idea how hiring one works. You’d be forgiven for thinking that you make an appointment for accounting, bookkeeping or financial consulting services and then take your paperwork to their office, as this is […]
Starting a business isn’t just about having a brilliant idea or developing a unique product. There are important aspects behind all these as well, one of which is keeping the books. This financial part of your business can spell its success or failure. This is why it’s important to give bookkeeping proper attention. There are […]
The life and death of small businesses rely on accurate bookkeeping and leveraging the management contributions of accounting. Bookkeeping and accounting provide the foundation on which owners will make business decisions for expansion and development.
If you’re like most people, your finances were likely in dire straits while you were in your 20s. Now that you’re in your 30s, your financial standing might be a lot better than what it was before, but still not near where you want it to be. As you begin a new decade in your […]