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5 Critical Issues with Keeping Your Books on Spreadsheets

Accurate financial records are a key component in running a successful business. It is imperative for business owners and managers to ensure that transactions are properly recorded, and that data can be retrieved for audit and analysis at a moment's notice.

Topics: Accounting Accounting procedures Business Advice Bookkeeping

How To Get Better Insight Into Your Company's Cash Flow

There are many components that go into running a successful small business. It comes as no surprise that financial health can either make or break a business. A lot more determines the financial health of your business than just whether or not you're making more money than you are spending.

Cash flow is one of the most important financial components of your business that you must understand and carefully manage to ensure a successful future. The use of software to gain understanding and insight on the cash flow of your business is crucial to not only keeping your business afloat but helping it thrive.

This is your guide to the importance of understanding the future cash flow of your business and software that can help you achieve this. 

Topics: Accounting Best practices Advice Business Advice Bookkeeping

8 Bookkeeping Tasks Your Store Needs to Manage Every Single Day

There's no question that running a small business is a full-time job. As a business owner, you have a lot on your plate, and need to prioritize your efforts to accomplish the most in the shortest amount of time possible. 

Topics: Bookkeeping

4 Reasons to Take Your Bookkeeping Virtual

Traditional accounting requires three things:  an accounting system, a bookkeeper and an accounting firm.  All of these cost business owners money and time.  First, you have to find the right accounting system, whether it is electronic or paper-based.  Then, you have to learn the system or hire a bookkeeper to learn it for you.  You still need an accounting firm for filing taxes and answering questions.  What if you could reduce the three requirements to one?

Topics: Accounting Outsourcing Cloud accounting Bookkeeping

5 Reasons Why You Need to Completely Digitize Your Bookkeeping

If you're running a small business, it can be tempting to do some or all bookkeeping processes yourself, either by hand or on your own computer with local backups. However, this would be a mistake, since there are a considerable number of advantages to going virtual.

Here are just a few examples of these advantages.

Topics: Best practices Bookkeeping