Cash flow management became a big concern for a lot of businesses this year, especially after COVID really set in. The problem was that most businesses not only didn't have a good handle on their cash flow, but their accounting system was not set up in a manner that made cash flow management possible.
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There are a lot of POS systems out there. But it can be really difficult to find which systems work best for your restaurant, and what is going to integrate with QuickBooks well.
Read MoreTopics: Restaurant P.O.S, Business Start Up, Restaurant Accounting
As a food truck owner, there is just too much to do. Ordering food, hiring and training help, preparing food for each day, taking customer orders, cleaning, and the list goes on and on. How can you expect to have time to care about making money?
Read MoreTopics: Food trucks
Driven by ambition, most business owners tend to think beyond the realms of the possible. I know this because I’ve dabbled in the business world for a good minute.
Read MoreTopics: QuickBooks consulting, Business Efficiency, Business Ideas, Outsourced Bookkeeping, Year End Bookkeeping
Running a business is as fulfilling as it is stressful. There is joy that comes from seeing your idea become reality. It doesn't hurt that as a business owner, you get to be your own boss, schedule your work hours, and have the opportunity to help your community.
Nevertheless, there is more to owning a company that product creation and marketing. While it is important to improve your products and get your brand message across audiences, keeping tabs of your expenditures and making sure your business finances are in order is just as essential in running a successful enterprise.
Needless to say, bookkeeping should be a priority for every business owner. As mundane and tedious as it is, ensuring that your books are in order can be the difference between making a profit and losing your investment.
New to entrepreneurship? Below are a few bookkeeping mistakes that you should be aware of:
For many businesses, their bookkeeping causes a lot of pain. However, when handled correctly, there are many pains that proper bookkeeping can remedy. Common reasons that bookkeeping causes pain are: it is intimidating, people don't like it, and it's often way behind because it gets pushed to the back burner.
It is crucial to keep up on your bookkeeping so that you can keep your business on track towards its goals. If you are feeling any of the following bookkeeping pains, you need to make some changes to your current system.
Topics: Bookkeeping Services, Financial Forecasting, Financial Reporting, Business Budgeting, Small Business Bookkeeping
As a small business, there are many bookkeeping mistakes you just can't afford to make.
A small mistake can mean a minor setback in your operations. Some larger ones can have you overpay taxes. There is not a company anywhere that wants to pay more tax than they legally have to.
Topics: Bookkeeping Errors, Efficient Bookkeeping, Do It Yourself Bookkeeping, QuickBooks advice, Tax Compliance, Outsourced Bookkeeping
Outsourced bookkeeping, and other professional services, has been gaining a substantial foothold among today's small business owners. But whether you have been thinking about outsourcing for a while now or are considering it for the very first time, you may find you're reluctant to take the step, especially where your finances are concerned.
Often regarded with indifference, confusion, or even outright fear by many entrepreneurs, the misunderstandings and misconceptions surrounding outsourced services abound.
In this post, we will highlight seven of the most common myths about outsourced bookkeeping services.
Topics: Small Business, Outsourced Bookkeeping
Outsourcing your small business bookkeeping has never been more accessible or more compelling than it is today.
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The new year is almost here. It is time for your year-end bookkeeping but also to start planning for the next year.
Topics: Bookkeeping Processes, Financial Forecasting, Financial Reporting, Year End Bookkeeping
