Are you ready for an audit? A 5-point checklist

Why audits happen The papers and electronic records you keep in order to validate your firm’s accounting records are known in the finance world as the audit trail.  While the word ‘audit’ is most

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Profit & Loss: Where did the money go?

This is the age old accounting question asked by business owners when reviewing their small business financials. I Googled this question, and it’s everywhere. We are all trying to answer it. But,

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Importance of Management Consulting for Small Businesses

Many new business owners hold a common assumption about management consultant services – namely that they’re only for huge, well-established organizations. In reality, business management consulting

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When to Hire a Bookkeeper or Accountant for Your Small Business

When first starting out, most new business owners handle their own accounting and bookkeeping. Services such as bookkeeping for small business often seem too expensive to new business owners. Plus, many

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Financial Fundamentals for Small Businesses

Lack of liquid assets is a common cause of failure among small businesses. With no cash on hand, businesses can’t pay for the medium- and long-term investments that come due now and then. Even worse,

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Benefits of Outsourcing Bookkeeping for Small Business

Small business owners have choices when it comes to their bookkeeping. New owners often opt to handle the company books themselves. Although this may work when a business is in its infancy, the accounts

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