Traditional bookkeeping was performed using one of two systems. Accountants and bookkeepers used the systems to manually calculate company books and present financial statements in accordance with federal regulations. The two main systems still exist in today’s digital era, but it’s much easier to perform bookkeeping tasks for your company on the computer than by… Read More

Are you one of those small business owners who just love poring over spreadsheets? Me neither. Yes, your business’s books are a scorecard of how well you’re doing—but if you’re not a “numbers person,” doing your bookkeeping may sound as appealing as a root canal. Still other business owners mean to go over their business… Read More

The dream of being an entrepreneur appeals to many people, but starting your own business from the bottom up can be a daunting prospect. In this article, we’ll look at some alternatives that deliver many of the benefits while avoiding some of the drawbacks to starting a business. Invest in Other People’s Startups Although it doesn’t… Read More

To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they’ll turn on their computers or open their doors and start making money, only to find that making money in a business is much more difficult than they thought. You can avoid… Read More

When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more benefits from small business accounting that you can use to grow, improve and expand your business. Here are some of the most important accounting reports for your small business that you should… Read More

What is Bookkeeping? And Why Is It So Important? Bookkeeping—the systematic recording and organization of a company’s financial transactions—plays an essential role in any business’ financial health. A clear understanding of your finances empowers business owners to make informed decisions and reduces the risk of mismanaging funds. Even so, it’s a tedious, complicated, and often dreaded task.… Read More

Which expenses are business and which are personal? You might think it’s obvious, but your view and the IRS view may differ. These days business and personal can often seem mixed up, such as when you do entertaining, try to motivate employees, go on combined business and work trips, and more. Even lawsuits can seem… Read More

When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more benefits from small business accounting that you can use to grow, improve and expand your business. Here are some of the most important accounting reports for your small business that you should… Read More

Running a business is not for the faint of heart, as entrepreneurship is inherently risky. Successful business owners must possess the ability to mitigate company-specific risks while simultaneously bringing a product or service to market at a price point that meets consumer demand levels. While there are a number of small businesses in a broad range… Read More

What’s the One Task Most Small-Business Owners Loathe? You are a new business owner. You’ve ordered your business cards, set up your website, hired your first employee. You even have a few customers who are willing to pay you for what you do. You are ready to roll. Are you sure about that? You haven’t… Read More