How to Read a Profit and Loss Statement

How to Read a Profit and Loss Statement

Sound financial management starts with a proper set of books, and that begins with the accounting cycle. The cycle starts by identifying and capturing every financial transaction the business makes over a period, typically a month. That includes money received and...
When to Hire a Bookkeeper

When to Hire a Bookkeeper

Knowing when to hire a bookkeeper is crucial for business success. You should hire a bookkeeper or accountant for your growing business in the following situations: When the financial affairs of the business outgrow the ability to use just basic bookkeeping software...
How Much Does Bookkeeping Cost?

How Much Does Bookkeeping Cost?

With numerous desktop and online solutions available, many think it would be best to do the bookkeeping themselves. However, online solutions often still cost money and are only sometimes accurate. Some of the worst things a business owner can do is try bookkeeping...
Small Business Bookkeeping Tips and Strategies

Small Business Bookkeeping Tips and Strategies

Your business is growing, and you want to handle the financials better. You may be starting a new business and want enough cash to make ends meet. The answer to many financial concerns for small business owners lies in a sound bookkeeping system. Luckily, bookkeeping...
A Guide to Effective Expense Tracking

A Guide to Effective Expense Tracking

Proper small business financial management requires several essential skills, including expense tracking.  First, you must ensure the business is an ongoing opportunity, generating revenue and maintaining cash flow.  Second, you must manage expenses within...