Many of our clients are small and medium sized businesses faced with numerous large challenges. They live and work to make their business successful yet without resources, many small businesses struggle to grow and make a profit. What are the…
Let’s start at the beginning. What is a balance sheet? Even the most confident and experienced business owners stumble when we talk about the balance sheet. Don’t over think it: A balance sheet is a statement of assets, liabilities, and…
We recently completed our Bookkeeping 101 series for the small business owner. There seems to be one underlying message throughout the series and it is all about managing cash flow. Managing cash flow is always an important part of managing…
There is only so much time in a day, week, or month. Performing financial tasks requires a good deal of skill and a whole lot of time. So many small businesses are started from a strong passion and a desire…
In a recent article published by The Hartford on Small Biz Ahead, the author writes about fraud and employee theft in small businesses. Here are some of the statistics quoted in the article: “Here are some sobering statistics for small business owners: 75…
We hope you enjoyed the Bookkeeping 101 series. The topics are listed below so feel free to revisit them at any time. We know these are the things which many SMBs hate to think about! Performing bank reconciliations Reviewing financial…
Every small business owner I know loves to get their credit card points – and for good reasons. Personally, I can tell you that it has become very handy for transporting my son back and forth from upstate NY to…
Managing cash flow is always an important part of managing a business, but for SMB’s it presents a unique challenge that their larger brethren can often-times avoid. Mid-market and large corporations typically have ready access to cash that SMB’s simply…
Frustrated with paying bills? One of the most time consuming and frustrating tasks that SMB owners need to manage is paying bills. It is also the place where fraud can rear its ugly head in small businesses. While most consumers…
Most small business owners like to know how their company is performing, but many don’t completely grasp the ins and outs of reviewing their financial statements to clearly understand their financial position. Reviewing your financial statements monthly is an important…