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What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Bookkeeping Business Advice Accounting procedures Accounting Methodology Cash Flow Management Accounting

Want Better Results? Maximize Profits And Control Costs Today!

When growing your small business profits margins are a big deal.

Maximizing profits are not just for huge corporations. There are ways to make your revenue stretch and work for you. You can maximize your profits by making a few changes in your business.

These are easy to implement and follow.

Topics: Business Advice Accounting procedures Accounting

How To Increase Your Business Value That Will Help You Maximize Profit

When it comes to running your business, there is a lot of work involved to ensure its success.

One of the ways that helps its longevity and profit is learning how to increase your business value.

The value of the business incorporates five key elements or as they are often called, business key value drivers. Here are examples of each one and what you should know about their importance to maximize profit potential in your business.

Topics: Accounting Advice Business Advice

3 Important Categories Needed In A Business Budget You Need To Know

Every business large or small depends on a number of business budgets, from the large scale master budget used to control final profitability, to smaller targeted budgets intended to increase the financial performance of a specific section or project within the company.

Use of exact budgeting to control expenses is key to reducing overhead and maximizing performance, something which any business would benefit from at any time.

This core tool of financial responsibility can be fine-tuned based on a project, department, or even specific employee or subcontractor, allowing total control over expenditures and keeping your business on track to reach specific milestones.

Topics: Accounting Accounting Methodology Business Advice

Can Outsource Accounting Make Doubts Disappear For Non-for-profits?

Fledgling non-profits might have an unlikely ally: small business accounting.

Outsource accounting can help non-profits by providing confidence that your organization's financials are correct, allowing you to focus on your mission.

Topics: Advice Business Advice Outsourcing