Small Business Payroll: 5 Things You Should Know When it comes to payroll, there is no room for mistakes. It is your responsibility to ensure your employees are being paid accurately and on time, every time. Payroll is a large undertaking for a small business owner, and you need to make a decision about how […]
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What is a Balance Sheet? A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a given point in time. It is used to show the company’s assets, liabilities, and shareholder equity. The balance sheet is referred to by this name because it must always balance; meaning, the
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Expensify Vs Concur — Which Is Better For Your Business? Keeping your expenses organized is a tedious and time-consuming practice, which is exactly why investing in an app that can do all this for you is such a practical decision. There are a few available apps you choose from, but which one should you choose?
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Is Expensify for Small Businesses? Expensify is ideal for small businesses! It’s a scalable, easy-to-use expense-management application and receipt-scanning solution. Expensify is a product that works for everyone. Whether you’re a freelancer, a sole proprietor, or managing dozens of employees, Expensify can help you manage your expenses easily. What Can It Do? SmartScan Expensify’s most
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Why It’s Not A Good Idea To DIY Small Business Accounting As a small business owner, you are accustomed to doing everything yourself. However, when it comes to small business accounting, this is where you need to call for backup and start working smarter, not harder. Here’s a list of reasons why DIY small business
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Time Management Techniques for Business Owners There are only so many hours in the day. You can’t store it, nor can you borrow more for later. Only you can decide what you spend your time on. Naturally, you’ll want to spend your time on things that add value to your life. Life is busy running
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Controller vs. Comptroller – Key Differences In the accounting world, controller vs. comptroller has a contentious history. The two words have a similar definition which begs the question: is there really a need for both? As with all intellectual discussions, it’s best to examine historical facts first. Keep reading as we dive into the great
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IRS Mileage Rate Changes for 2023 The IRS has published the official 2023 rates for reimbursable and deductible mileage, and many will be happy to know the rate per mile for business-related trips has been increased. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or
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3 Ways Technology Can Reduce Errors In Accounting To err is human. Enter technology. We make mistakes, and that’s OKAY. It’s what makes us human beings. However… When it comes to accurately reporting your business’s finances, one simple mistake can be costly and completely shift your picture of your business’s financial health. The good news
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Setting Your Accounts Payable Up For Success In the world of business, it’s not unusual for accounts payable to be a lesser priority over accounts receivable, especially in small businesses. It’s only natural because accounts receivable equals money into the business and that’s a priority. Nobody likes to talk about money, but money is
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