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 a small business will take time and effort, but […]
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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
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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 be beneficial for some businesses to
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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 you are going to handle it. You can
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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 notable feature is its high-quality
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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 accounting is not a good idea. Let’s start at the top,
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5 Automated Accounting Systems For Small Businesses As a small business owner, one of your goals is to work as efficiently as possible, correct? We’d hope so! In order to do that, it means it’s time to cut the clutter, ditch the piles of invoices and receipts, and say hello to digital accounting technology. Accounting
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Do you own a small business? If so, you know that there is always something more you can do to improve how you run your business. You might update a product or service; maybe you found a better way to be more productive; it can even be as simple as finding the most cost-effective way
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How are Small Businesses Using QuickBooks? Every small business is unique and deals with numerous customers and handles multiple transactions every day. QuickBooks is a popular small business accounting software that businesses use to manage income and expenses and to keep track of the financial health of a business. Let’s explore some of the key
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How Bill.com Can Help Your Small Business Accounting As a small business owner, you probably (most likely) run every part of your business. You don’t just do the services or make the products that started your company. You do the marketing, social media, accounting, and more. Even if you have a small team, you’re still
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