15 Jan
What is cash flow?
Cash flow is often misunderstood yet is critical to the success of any business. Cash flow issues are one of the most significant challenges small business owners face. 4 out of 5 businesses are likely to fail due to poor cash management. What is cash flow? Understanding your small business’s cash flow is one of
18 Dec
3 QuickBooks Mistakes You Might be Making and How ...
QuickBooks is by far the dominant provider of accounting software for small businesses in the United States. The product was initially intended to be a DIY application that small businesses could use with little formal finance training. So why do so many business owners use outsourced accounting services? The reason is straightforward. Most small business
13 Nov
What does a bookkeeper do?
A bookkeeper’s duties and responsibilities vary depending on the size of the business. In many small and startup companies, it is common practice for bookkeeping duties to be performed by the business owner. The bookkeeping tasks at this point are simple and easy, and the business owner can manage bookkeeping tasks while staffing the business
21 Aug
One reason why you should outsource your bookkeepi...
It is simple. The number one reason you should outsource your bookkeeping is due to fraud. The newswires are full of stories detailing the significant losses to businesses because of fraudulent bookkeeping activities. In today’s local newspaper’s online feed, a story identified a local business with an internal employee stealing $147K from the professional practice.
17 Jul
Operational Efficiency- Getting your team on board
We’ve all read about improving processes and how running an efficient business is important to become more profitable. But as small business owners, we are often caught up in the issue of knowing that we have a small staff and no matter how efficient we are, we will always need the same number of employees.
10 Jul
A client’s tale of bookkeeping challenges
Simply stated, we learn from each other. Open and honest discussion between business owners provides real life tales of running a small business. At Expex, we work within the small to medium sized business communities. Bookkeeping is such a critical function for a business, yet it is so often overlooked and under reviewed. Our story
14 May
Maximize the value of each employee.
There has been so much written about businesses surviving in the times of Covid-19. Yes, these are unprecedented times and the environment calls for strategic decisions to be made, right now. Think about your business and employees. This may sound distasteful, but as a small business owner, your employee headcount has changed, will change, or
29 Apr
Rightsizing your business amid the pandemic.
The coronavirus has abruptly affected our businesses, some more than others. Small and medium sized businesses have experienced closures, reduced hours, layoffs, and furloughs. As a result, SMB’s will need to think differently to be successful in the post COVID-19 environment. Define your core: rethink staffing, workspace, and technology tools. Business services will be needed
