The coronavirus pandemic has abruptly sent the American economy — along with nearly every other country’s economy — into a tailspin. After years of steady growth, businesses of all sizes are now facing an incredibly difficult moment.
What You Need to Know About SBA Loans Related to COVID-19
Millions of small business owners in America are hurting right now, due to the unprecedented financial carnage brought on by the coronavirus outbreak. The pandemic has caused countless companies to cut employees and many others to, at least temporarily, close their doors.
How to Track Intellectual Property Value in QuickBooks
It’s important that you track the assets of your business in your financial records. If your business has intellectual property, it should be also considered an asset and should be tracked. Many business owners do not track this. Examples of Intellectual Property A few of the most common examples of intellectual property that have business […]
Tax Preparation Bookkeeping Best Practices
As a business owner, it’s important that you have your accounting records up-to-date. This becomes even more essential during tax time. You’re required to file taxes and if you don’t have your data available, then tax season can become a big distraction for you from running your business. In today’s episode, Bernard Roesch explains how […]
Migrating Accounting Records to QuickBooks
Migrating Accounting Records to QuickBooks If you are migrating from an old accounting system into QuickBooks you may want to migrate accounting records into the QuickBook system. In this episode Bernard Roesch explains the migration process and how to get certain accounting records into QuickBooks. For more information, visit www.MissionBusinessPodcast.com. If you have any questions […]
Best Practices for Controlling Company Expenses
As a business owner, you are ultimately accountable for the finances of your company. In order to manage and improve your finances, it’s important that you keep track of expenses, especially as your company grows or changes. Best Practices for Monitoring Expenses The first step to being able to monitor your expenses is to […]
Key Metrics to Include in an Accounting Dashboard
Financial data is important for many business decisions. However, often data is stored in different places, which makes it easy to analyze different data points for complex decisions. Using an accounting dashboard is a great way to combine metrics and see the relationship between those metrics, even though they may be stored in different places. […]
Simple Accounting Routine for Professional Services Business
Having a process to run your business matters. Without a clear process, you won’t be able to deliver a high quality service. The accounting and financial side of your business is the same. In today’s episode, Bernard Roesch will share a simple accounting routine that your Professional Services business can follow. For more information, visit […]
Bookkeeping Issues That Hurt the Sale of Your Business
As discussed in other episodes, it’s important to have good records when running your business. But if you decide to sell your business someday, it can be absolutely essential to have good record keeping in order to sell for maximum profit. In some cases, you may not be even able to sell the business at […]