Bookkeeping is a practical way to make sure that your business can track its budget. Every transaction that occurs will affect how your business allocates its finances. The use of a spreadsheet allows you to see all of your transactions in one place. There are a few things to consider, especially if you want to […]
Taking responsibility for bookkeeping in your small business can be a stressful and quickly overwhelming step. It can easily get out of control if you’re not vigilant, and sometimes it’s even hard to know where to begin. Recording the basic flows of money in and out of your business and reconciling different accounts is essential […]
As a small business owner, you know there are few things more exciting than making the sale and filling orders. You put so much thought and effort over time building your company and developing your product or service, but in order for it to be a success and realize the dream, you need someone else […]
As backward as it sounds – it takes money to make money. Starting a business and keeping it running means keeping a healthy flow of money into and out of your business. You can’t be afraid to spend money and invest in the future, but you don’t want to spend too much money you don’t […]
There’s only one letter difference, so how different can they be? When you’re deciding how to choose the right entity for your business, there are a few important acronyms to learn and differentiate. A Limited liability Company (LLC) is a legal entity under which you operate a business. With an LLC, you pick up the […]
If there’s one thing that small business owners and entrepreneurs need to know right off the bat – it’s how to maintain their records. Sloppy financial records can spell disaster for small businesses. If you can’t keep up with your books, you’ll find yourself in trouble further down the line if you ever run into […]
Small businesses – no matter what you’re selling – all have one thing in common. Bookkeeping. Scrambling to organize every receipt, log every mile driven, tracking each expense, and feverishly downed cups of coffee as you meet with a client. At the end of each quarter, it’s time to figure out exactly what you owe […]
As anyone who runs a small business can tell you, one of the most time-consuming parts of keeping things organized is bookkeeping. Just keeping track of everything can be an enormous task as your business begins to grow. And if you don’t keep careful track of every part of your business, you may find yourself […]
The cannabis industry is growing at an astronomical rate; some experts predict that by 2021, it will be a $20 billion dollar industry. Smart investors and entrepreneurs like you want in on the action. While the high rate of returns certainly encourages one to jump on that ‘ship,’ it’s important that startups understand that the […]
Maintaining business records is a must for any small business. Keeping good records ensures that your business runs smoothly and efficiently, and that you’re prepared when tax time rolls around. Many businesses have experienced crippling issues that compromise business success when they ignore basic recordkeeping practices. Here’s a primer on small business recordkeeping and why […]