Category Archives for Manage Your Books

Three Principles of Finance Management

No doubt your goals when running a small or family business include creating wealth for the business and gaining adequate returns on the risky investments your business will undertake. Accomplishing these

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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.

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The 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,

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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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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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