Small businesses fund their operations from cash generated by the business. While some companies accept their customers credit cards for payment, others invoice their customers or send a monthly statement. This is referred to as selling on credit because you…
Bookkeeping has traditionally been a task-oriented process that require an understanding of how and when each task needs to be completed. This culminates in the completion of financial statements that can be reviewed for performance, risk, trends, and a host…
Overseeing and building a small business requires the owner to wear many hats. Have you heard the saying, “jack of all trades master of none?” We hear that phrase from many SMB owners trying to juggle sales, service, human resources,…
As a small business owner, we are confident in our thinking that you do not enjoy any form of account reconciliations, including credit card reconciliations. In August 2019, we posted a blog as part of our Bookkeeping series entitled, Bookkeeping…
Cash flow issues present one of the greatest challenges to business owners. It is estimated that 4 out of 5 business failures are a result of poor cash management. Future Transactions How do you ensure you have enough cash to…
According to the American Dental Association, there are 200,419 dentists in the United States (2019). Dentists have undergone years of education and practice to be successful. Dentists, like other professionals are not accountants, human resources managers or legal experts. The…
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…
If you are like most small business owners, you may not know, or realize how much time you are spending on accounting and bookkeeping tasks. When we onboard a new client, we unpack their bookkeeping norms and tasks to determine…
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…
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…