Bookkeeping & Accounting Tips for Businesses

Not sure how long to keep your business records on file? Business records sound boring and seem unimportant compared to cash flow, but…  It’s important to know exactly how long to keep your business records so that when (not if) the IRS comes knocking on your door,...

You need help with accounting, but…  You’re not sure who to ask for help.  Accountants, CPAs, and bookkeepers all want your business.  You may even come across an accounting consultant.  At first, you may be skeptical. Can anyone throw out a shingle and claim to be a...

Owners and Executives: Are you looking to outsource your accounting needs to a third-party company instead of hiring in-house? That’s a great decision! But… One of your first few questions may be:  How much does an Expert Outsourced Accounting Department actually cost...

Owners & Executives: Annual budgeting season is here.  This means you’re spending time gathering multiple spreadsheets, trying to reconcile accounts, and leveraging your systems and resources to get your financials in order…  All so you can review last year’s...

As an Owner or Executive, bringing accounting in-house and implementing a manual process may seem like a great way to save money and have more control.  While this can save you some money in the short term, the cost to you, your business, and your success can be...

Operating a business or company comes with a variety of demands.  Whether you’re a growing business or a scaling company, your operation needs many sides of it to be addressed and managed to find success.  Things like long-term growth, employee retention, and invoice...

Do you want to maximize ROI for your business? Do you immediately think about reducing customer acquisition costs and tightening spending to do it? I don’t blame you.  It’s common practice to reduce the cost of expenses to widen margins and increase ROI.  But, what if...

Your books are a mess.  You’re trying to keep your business afloat.  And, the GDP fell another 0.9% (annual rate) in quarter two.  Most companies are struggling as we head toward a full-blown recession.  You’re not alone.  From employees to inventory and more, things...

Owners & Executives: Are your books a mess? If you’re not able to determine cash flow, then your operation is at risk. You’re not able to see money coming in and money going out. You’re not able to make informed financial decisions. And, your company growth will...

As a Business Owner or Executive, your time is allocated whether you like it or not and you do NOT want the IRS coming after you. Running a business or a company takes a lot of time - a lot of your time. And falling behind on your books can spell disaster for your...