Have you ever questioned if your business is doing as well as you think it is? The answer is never as cut-and-dry as you would hope. Do you know that in the United States alone, 45 percent of businesses don’t make it past five years of business operations? 65 percent of them don’t make it […]
How to Select an Accountant For Your Business Needs
Every business deserves trusted advisors, and benefits from accounting and consulting services. Accountants offer business services ranging from tax services to business accounting services. Each provide business’ multiple benefits. This article focuses on how to select an accountant for your various business needs. As a business owner, you have a lot of choices to make […]
Should I Use Double-Entry Bookkeeping or Single-Entry Bookkeeping For My Business?
Let’s imagine you are running a lemonade stand. Your business is new, your transactions are low, and all you need to account for is revenue and expenses to determine your profit. For the time being, you have no need for a double-entry bookkeeping system and can simply record transactions individually. Lo and behold, your lemonade […]
Bookkeeping vs. Accounting: What’s the Best Option For Your Small Business?
How does your business currently maintain financial records? Do you use online bookkeeping software to keep track of your finances and cashflow, and try to keep track of everything yourself, or do you employ or outsource your bookkeeping or accounting? As your business grows and your financial transactions become more complex, it often makes sense […]
The Hidden Costs of Business (That Can Really Add Up)
As any small business owner knows, there are many costs that come with running a business. Many of these costs are pretty straightforward— including obvious costs like paying rent for your retail or office space, buying equipment, and paying employees. Some costs are less obvious. These costs may be draining your company’s finances and before […]
How Inflation Affects Small Businesses (And What You Can Do About It)
If you’re watching the latest news, you’ve heard about supply chain shortages, workforce challenges, and rising inflation rates. Inflation is a normal part of the economy. But when inflation gets too high or rises too quickly, the rising costs put a strain on everyone, especially smaller business owners greatly affected by the financial crunch. For […]
Why You Should Use the QuickBooks Mobile App
It’s amazing how much technology has evolved in the last two decades. One of the greatest advances of all is smartphones, and what they do for us and allow us to do. Thanks to this technology, you now have a world’s worth of information at your disposal. From your family photos to your bank information […]
Why Your Small Business Should Use QuickBooks for eCommerce
The internet is a massive and powerful part of everyday life. From checking the news and the weather to keeping in touch with friends, to buying groceries and other life necessities, the internet can do it all. Thanks to the internet’s reach, buying and selling items is easier than ever before. A world of services, […]
When Should You Switch to QuickBooks Online Advanced?
As a business owner, you definitely know how crucial it is to keep your books in order. If you’re using QuickBooks Online to stay organized, there are many QB Online products to choose from. So how do you know when to upgrade to QuickBooks Online Advanced? It doesn’t take long for disorganization to add up, […]