AR Aging Report – Why is it Important?
Accounts Receivable (AR) Aging Reports track overdue invoices, assess financial stability, and help businesses manage credit risks effectively.
Accounting
Cash Accounting vs. Accrual Accounting: Pros and Cons for Small Business Bookkeeping
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 …
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4 Benefits of Hiring An Accountant For Your Small Business
As a small business owner, you wear many hats. From bookkeeping to managing to marketing, you do it all. But there are some things that you should leave to the professionals–one of those being accounting. This is especially true if you have no accounting experience. Hiring an accountant for your small business ensures that your …
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6 Tips To Make Filing Taxes Easier As A Small Business
Tax day is just right around the corner, which means there’s a good chance that many of you have already filed and gotten them taken care of. However, if you’re like the majority, you’ve put it off because it feels daunting–especially as a small business owner. No one wants to give their hard-earned income to …
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Navigating Insurance As A Small Business Owner
From general liability insurance to worker’s compensation, figuring out the world of insurance as a small business owner can be overwhelming. Depending on what your business does and what state you’re in, what insurance you need varies–making it even more confusing than it already is. Without the right insurance, you may end up paying a …
8 Easy Ways To Cut Business Expenses
If 2020 showed us anything, it’s that being prepared for the unexpected is a must as a small business owner. In a precarious economy, every penny counts, and even the smallest increase or decrease in revenue and expenses can make a world of difference. Whether you’re in the beginning stages of starting a business or …
How To Set Up A Small Business Budget
Setting a budget is one of the most important things you can do for your personal and business finances. As a small business owner, every penny counts. If you’re not taking the time to track expenses, revenue, and other miscellaneous spending, you’re potentially putting your business in danger of financial stress–especially in the beginning stages. …
How To Make Your Brand Stand Out
No matter what industry you are in, there will always be another brand selling the same (or similar) product or service as you. In 2019, a study done by 99 Firms found that there were over 31.7 million small businesses in the US alone. And that’s not even including the larger companies. All this to …
Apps and Extensions That Make Owning A Business Easier
Technology is always evolving, and with that comes new software, applications, and extensions that make your job as a business owner easier. Want to keep track of employee hours? Organize your workflow? Create email drip campaigns? There’s an app for that. Time is money. The more you automate your workload, the more efficient you become. …
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How To Develop Deeper Relationships With Your Customers
No matter what kind of business you run, the relationship you have with your customers is of utmost importance. If you don’t have a meaningful connection, you’ll have a hard time succeeding, especially in an industry that relies on word of mouth. When first beginning, the concept of forming these relationships can seem overwhelming. However, …
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