Accurate and timely bookkeeping/accounting is vital to maintaining a healthy small business. However, this function of your business can begin to place a massive strain on your time, and your business's finances. And after these investments into your bookkeeping process, you still aren't guaranteed compliance and 100% peace of mind.

One of the ways that businesses fail is that they don’t see outsourcing as an investment, only as an expense. That’s a major mistake because there are many reasons why you should look beyond looking at only dollars and cents … Continue reading →

Bookkeeping is generally one of the facets of running a business that owners enjoy the least. But, it is also one of the most important areas to maintain and keep on top off.  Fortunately, you now know about these best bookkeeping practices that you can implement to keep your books hassle-free, and up to date.

More than half of small business owners spend three or more hours per month managing payroll. More than 10 percent spend over 10 hours every month. What’s clear from these numbers is payroll activities add up. Deduction formulas and confusing tax rules … Continue reading →

Managing your cash flow is incredibly important for small- and medium-sized business owners. 82% of small businesses fail due to cash flow problems. Small businesses often can’t withstand financial setbacks, like unexpected emergencies or late payments. Not knowing where your … Continue reading →

Do you know one of the major reasons behind small business failure today? Cash flow problems. Most small business owners know what it’s like to handle business matters on their own. Hence, they often avoid hiring accounting professionals because they … Continue reading →