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…
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…
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…
On the top of the list of bookkeeping tasks that SMB’s despise, the bank reconciliation is probably number one. Even trained bookkeepers can find it difficult at times. So, let’s take a look at this process and discuss why it…
Welcome to our series on bookkeeping. Here we will discuss bookkeeping tasks and process, why it’s important, and how to turn this often-frustrating task into a valuable part of running your business At Expex, we built Carly- an automated bookkeeping…
Small Businesses in the U.S. The fiber of our country’s economy and business environment is made up of many small businesses. These companies and start-ups face very different challenges compared to their larger siblings. Challenged with the need for growth…
At Expex, we have spoken for some time now on artificial intelligence (AI) and the impact it is having on the accounting profession. In a recent article on Quickreadbuzz.com, the author, Garrett Wagner CPA, CITP, CEO and Founder of C3…