A Bad QuickBooks Setup is Costing You Money With more than 7 million users globally, QuickBooks is easily one of the top accounting solutions for SMBs. While the platform markets itself as user-friendly and easy to use, the setup can be quite complicated. Sure, you can use the default settings, but those settings may not […]
The Hidden Cost of a Bad QuickBooks Setup Read More »
The Top 5 Financial Mistakes Small Businesses Make and How to Avoid Them Running a small business is both exciting and demanding. Between acquiring customers, delivering value, and managing operations, many owners underestimate how critical financial management is to long-term success. A few common financial mistakes can easily sink a business, but with awareness and
The Top 5 Financial Mistakes Small Businesses Make and How to Avoid Them Read More »
Using Rippling for Payroll: A Practical Guide for Small to Mid-Size Companies Payroll is one of those business functions that’s essential, sensitive, and sometimes, a little dread inducing. Mistakes cost money, missed filings invite penalties, and manual processes waste hours. Rippling is an all-in-one workforce platform that collapses HR, payroll, benefits, and even IT into
Using Rippling for Payroll: A Practical Guide for Small to Mid-Size Companies Read More »
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 »