Three Reasons Small Businesses Need to Know Both While it makes sense for most small business owners to avoid the day-to-day details of accounting, there are two concepts about the structure of their accounting records that every business owner should understand. In fact, you may have already heard the terms cash-basis and accrual-basis from your […]
Do-it-Yourself, In-Source, or Outsource Small Business Accounting
I have yet to meet a small business owner or entrepreneur who was excited to start their business exclusively so they could figure out how to do the accounting for it. We start businesses because of the problems we are going to solve for our customers. But we still need to keep track of the […]
5 Finance Secrets to Make Your Small Business More Successful
Being an expert in finance is not usually a top priority for someone starting or running a small business. Here are five tips to make sure you’re handling your finances according to best practices: 1. Record-Keeping There are two main reasons to keep track of the finances of your business. First, you need to maintain […]