What Is A Profit And Loss Statement? How familiar are you with the report commonly called a profit and loss statement? You may also know it by one of its many other names: income statement, earnings statement, revenue statement, operating statement, statement of operations, or statement of financial performance. By whatever name you know it […]
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Is Outsourcing Your Accounting Tasks Beneficial? The decision to outsource your accounting tasks depends on various factors such as the size of the business, the complexity of the accounting tasks, the available resources, and the expertise required. Whether outsourcing accounting is worth it depends on the specific needs and circumstances of each business. It may
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Business Financial Software Vs Personal Financial Software On the surface, the question of business financial software vs personal financial software may seem self-explanatory. However, there are some businesses that are using personal financial software for their business needs. The team at Redmond Accounting does not recommend that. At all. We’re here to shed some insight
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What is Bill.com and How Does It Work? You’ve heard of the name BILL, or Bill.com, but what is it and how does it work? If you’re a business owner who has bills, expenses and invoices, it’s a powerful tool that can help you take control of your business. What is Bill.com? BILL (the company
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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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