Technology Expenses 101: How to Record Cloud Storage, Server Costs & More Tracking technology expenses can be tricky for any business, but for SaaS and tech companies in general, it can be even more challenging. In addition to the tech costs associated with the creation and delivery of your products and service, you must also […]
How to Properly Record Your Technology Expenses Read More »
When using QuickBooks Online (QBO), it’s easy to assume that most transactions fit neatly into two categories: sales transactions or purchase transactions. However, several types of transactions don’t fall into either category, yet they’re essential for maintaining accurate financial records. These Special Transactions include bank deposits, journal entries, and zero-dollar transactions. Let’s break down these
QuickBooks Online: Special Transactions Read More »
Foundational Knowledge in QuickBooks Online QuickBooks Online (QBO) is one of the most popular accounting software platforms available today. It’s widely used by many businesses to manage financial transactions, track expenses, and generate reports that offer insights into the business’s financial health. In prior blogs, you have seen what it can do, but let’s take
Foundational Knowledge in QuickBooks Online Read More »
Strengthening Financial Controls Through Separation of Duties One of the most critical components of financial control in any business is the separation of financial duties. This practice not only reduces the risk of fraud but also ensures that no one employee has control over the entire financial process. By dividing accounting functions into smaller tasks
Strengthening Financial Controls Through Separation of Duties Read More »
How to Manage Cash Flow in a Small Business Cash flow can make or break a business. In fact, a U.S. Bank study found that 82% of failed businesses cited cash flow as a contributing factor to their demise. We don’t want your business to be another statistic. Learning how to manage cash flow in
How to Manage Cash Flow in a Small Business Read More »
Small businesses often face unique accounting challenges that differ from those of larger businesses. The differences between small business accounting and large business accounting are mainly due to the size, complexity, and regulatory requirements of the business. Small businesses have simpler accounting needs, while large businesses are more complex. Small businesses typically have fewer employees
What Makes Small Business Accounting Unique? Read More »
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
Is Outsourcing Your Accounting Tasks Beneficial? Read More »
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
Small Business Payroll: 5 Things You Should Know Read More »
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
Is Expensify for Small Businesses? Read More »
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
Why It’s Not A Good Idea To DIY Small Business Accounting Read More »