Regardless of what software or accounting tool is used, there is a unified agreement that you need something to keep track of small business finances. Depending on the breadth of your service or line of products, you could get by using Excel. However, as we’ll cover below, there’s reason to consider switching to a more […]
How to Do Bookkeeping for NonProfits Like small business executives, nonprofit leaders need to keep focus on core business needs. For a nonprofit, that means fundraising, spreading awareness, and meeting with potential partners among other core business activities. However, bookkeeping and accounting remains crucial to a nonprofit’s success. Without good bookkeeping records and all that […]
Wouldn’t you prefer spending time with club members and enjoying activities versus allowing bookkeeping to fill your hours? Maintaining financial records for clubs and associations is different from accounting for big companies yet the need remains. Clubs and associations don’t have the immediate in-house resources so it’s best to place the books in the experienced […]
60% of small business owners are not confident about their finance and accounting. This common problem can lead to financial instability during slow stretches and even periods of growth. A clear understanding of cash flow, receivables, and paperwork is essential, especially when allocating resources so you can move the business forward. If you lack confidence […]
It’s advantageous to learn the best ways to use QuickBooks so your accounting team avoids common mistakes. These common QuickBooks mistakes are easy to make, can derail your internal accounting, and cost your company money. They say bad news comes in threes. Learn how to fix QuickBooks accounting mistakes and avoid terrible consequences.
As your business grows and changes, you consider the help of an outsourced chief financial officer, but before taking the consideration further, you want more information related to fractional CFO cost. A full or part-time CFO addresses in-house accounting and balances the books. But more importantly, such professionals ‘interpret’ the numbers, helping you make efficient, […]