You may not believe me, but you will think differently about accounting after reading this. While the word “accounting” may strike fear into the hearts of some small business owners, keeping things in perspective can help. There are many ways to minimize the so-called “pain” associated with this part of running a business. After all, …
Let’s face it; your accounting system is a mission-critical part of your business. Have you outgrown your accounting software? Is your accounting system a source of frustration in your business? Are you ready to implement the best possible accounting system customized and optimized for your business? The right accounting system will enable your team to …
With growing your business there is no shortage of tasks to complete. There is always a long list of projects to finish. No matter how fast you knock off projects on your to-do list you continue to get more and more work. When you are busy thinking about profits and figuring out ways how to get …
Many business owners don’t understand their financials because that is not where their interest lies. They are interested in their product or service. However, it is important to understand your P&L. We’re going to give you the rundown on understanding the basics of a P&L. We’ll also explain the role cloud accounting software that can …
Understanding P&L (Profit and Loss) Statements for Business Owners Read More »
Debt is frowned upon in our society, as it indicates that you don’t know how to manage your finances. But what if I told you that debt and success go hand in hand? Yes, that’s right, debt is necessary for success — good debt, that is. How Much is Too Much Debt? According to a …
Do you dream of starting a small business? It’s a common goal for many. Some believe their product or service will change the world while. Others desire more flexibility or the freedom to steer their own ship. Regardless of why you may want to launch your startup, chances are you’ll need the funding to get …
Launching a new business is not a walk in the park, especially if you’re an early-stage entrepreneur without a business plan and little money and, worse, has a bad credit score. To ensure your dream becomes a reality, find a credible financing source, including bank loans, credit cards, and micro-lenders who finance individuals with low …
Need Startup Capital? Consider the Home Equity Loan Way Read More »
It is difficult to succeed in business. The more tools you have to help you succeed, the better your chances are of success. A great tool to help you with your accounting needs is Intuit’s QuickBooks Online. I wrote about the many reasons businesses fail; poor accounting practices is one of the top reasons. You …
3 Ways to Simplify Accounting with QuickBooks Online Read More »
What does it take to raise over $300,000 through crowdfunding? While living between a boat, a grandmother’s basement and the open road Noah Dentzel and his cofounder Brian Hahn raised $161,000 on Kickstarter in the summer of 2012 and about 172,000 in 2013 on Indiegogo. The Nomad mission was to reinvent the USB cable with …
The American people are back to work. In fact, the unemployment rate is near historic lows at 3.7 percent. In the month of June, the American economy added nearly 225,000 jobs. Additionally, employee wages are up over 3 percent from the year prior. But, the question is: “What are pay stubs used for?” Payslips, check …
Why Small Business Loan Companies over Banks/Large Players? Not too long ago, when businesses needed loans, the only option they had was to visit a local bank, fill numerous application forms and wait for weeks or even months to get it approved. Dealing with banks or big loan companies can be really frustrating, especially when …
Suppose you are looking to cut costs in your business. In that case, you may consider doing your own accounting if you have a solid understanding of business finances and have an accounting background. If you do not have the experience to manage your business books and think that you can learn as you go, …
How An Accountant Can Help Your Business? [Success Tips!] Read More »
