If you own a business, it’s likely you’ve encountered a customer or client who’s late in making a payment for goods or services you provided. Late payments can sometimes drag on for months or even years. Clearly, you don’t make money if you don’t get paid. So, it’s important that you follow up. But what’s […]
Bookkeeping can be the bane of many a business owner. But it doesn’t have to be the onerous chore it’s often made out to be. Avoiding bookkeeping mistakes can keep your business successful and headed in the right direction. Here are some common bookkeeping mistakes and how to avoid them. Procrastinating Waiting too long to […]
When it comes to maintaining financial records for a business, ensuring your data is complete and accurate is essential. Accounting and bookkeeping are two important processes that small business owners utilize to ensure their financial information is correct. The line between bookkeeping and accounting becomes blurrier each year that passes. Both bookkeepers and accountants work […]
Guest article by Rieva Lesonsky Mobile technology is reshaping the world of business, but how will it reshape the world of payments? The majority of small business owners are very open to adopting mobile payments in their businesses, according to a December 2014 study by Rocket Lawyer. More than six in 10 small business owners say […]
When an entrepreneur starts a new business, it’s all too easy to make costly small business mistakes that leave them bleeding green instead of accumulating cash. A new infographic from 1-800Accountant highlights the top small business mistakes that cause problems with taxes, the IRS, and cash flow. Gary Milkwick, a CPA and vice president at […]