Spring is such a beautiful season. With the flowers blooming and the birds singing on a sunny day – everything seems more alive. People feel more invigorated, as well. Many of us take advantage of the season to do spring cleaning. This means dusting away the cobwebs and dirt of yesterday. Businesses can also take …
Accounts Receivable (AR) Aging Reports track overdue invoices, assess financial stability, and help businesses manage credit risks effectively.
A business mentor is an expert in the field of business. This individual has built their knowledge, skill, and credibility through years of managing a successful enterprise. A mentor is available to help in times of need, is not afraid to tell you what they think, and has valuable experience that you still need to …
It’s almost tax season, and with it comes the myriad of tax forms, instructions, and deadlines that small business owners need to be aware of. Many businesses can get into trouble by not knowing how to file their taxes correctly. Taxes can be tricky to navigate and tax reporting mistakes can have rather costly consequences. …
The Ballad of the Small Business Owner. When prayers are answered and business is at a brisk pace – even more than what was expected and things are supposedly looking up – the poor owner cannot juggle between tasks anymore – too many things need to be done. Be careful what you wish for – …
5 Ways To Avoid Wearing Too Many Hats as A Small Business Owner Read More »
One of the most vital tasks of a business owner is the proper compensation of employees for services rendered to the enterprise. Correct pay is an essential pillar of a healthy employer-employee relationship. It is not just a matter of fairness, but the consequences of failing to assess a worker’s pay immensely affect employee morale. …
Top Eight Payroll Mistakes To Avoid At All Costs Read More »
Proper bookkeeping no doubt offers a lifeline for every business. From the first financial transaction, choosing the right accounting method to manage your financial transactions is vital. As a small business owner, you have the option of choosing either cash or accrual accounting methods, which are the most popular. However, it’s important to be aware …
Cash Accounting vs. Accrual Accounting: Pros and Cons for Small Business Bookkeeping Read More »
