Business Bookkeeping Blogs

Should Your Business Outsource Its Payroll Services?

Payroll is often an overlooked priority, and busy business owners don't always have the time to do it. This leads many to the question — should a business outsource payroll? While some business owners choose to handle payroll in-house through a payroll app or manual bookkeeping, others...

How Much Does it Really Cost to Start a Startup?

As a new business owner, you could have dedication, drive and determination to make your business successful and flourish. However, if it’s not backed up with impeccable cash flow management, you could lose your business within the first year of launching. It’s an unfortunate reality...

4 Tips To Clean and Catch Up Your Business’ Books

It doesn’t always have to be spring to do some “spring cleaning” around your home or business. When it comes to cleaning your books, you’ll want to stay on top of that. It’s never a good feeling to be behind or unorganized when it comes...

How to Avoid Collections & Get Delinquent Customers To Pay On Time

In every industry and every business, there will always be at least one delinquent debtor to handle. At times the missed payment can be a simple mistake or human error on the customer’s behalf. Those clients are quick to apologize and effectively pay what they...

What Is A Business Journal Entry And How Is It Used?

Being a small business owner, you typically divvy up your time in every facet of your business. Whether you have one employee or thirty, business owners are busy. To maintain and/or thrive, your finances need to be in order. Poor financial management is one of...

How to Accurately Perform Bank Reconciliation

A Bank reconciliation is something that every business owner will have to do at some point. It's a relatively simple process, but ensuring that you have each and every item in place is critical. The purpose of this process is to determine the differences between your...

How to Calculate Depreciation- 3 Easy ways

Owning a business requires basic mathematics. Some equations can be simplistic and easy while others are a little trickier to resolve. Every business utilizes assets to function, which means you should have on equation memorized. That one mathematical equation that should be burned in your...

How To Use Bookkeeping Trends To Grow Your Business

Using data trends is nothing new. In fact, data science is one of the fastest growing fields of study and employment in the world. This is because we have access to 2 things that we didn't have before: massive amounts of data and rapid computer...

Reasons Why Your Business Needs a Petty Cash Fund

With the world shifting in technology and becoming paperless, you may think there’s no point to having a petty cash fund. Even though we are becoming more digital, there’s always a need for petty cash. You never want to find yourself or your staff member...

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