Category Archives for Manage Your Books
Organizing Your Office Paperwork
Why You Should Organize Your Office Paperwork The big question is: Filing or piling? For most the temptation to pile holds a lot of attraction, but in the long run, important paperwork gets misplaced.
Continue readingThe Basics of a Profit and Loss
What Is Profit and Loss? Also called the P&L, a profit and loss statement can help you and your bank get a good understanding of the operating health of your business. It feels like we cover this often,
Continue readingAre 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
Continue readingWhen 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
Continue readingFinancial 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,
Continue readingBenefits 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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