Blog
Measuring Your Small Business’s Success: What Is Sustainable Growth?
If you asked many business owners whether they wanted their company to grow, they would likely say yes, of course. Growing too little or too slowly leads to stagnation. What is more, a business that doesn't grow is in danger of becoming irrelevant. And after all, what...
How a Virtual CFO Can Help You Bounce Back From the COVID-19 Crisis
COVID-19 has had a profound effect on businesses of all sizes, but particularly on small businesses. In an April 2021 report, the Federal Reserve Board expressed optimism. Here’s their reasoning. Although about 200,000 more than usual small businesses closed during...
Small Business Bookkeeping: Can You Save Costs Outsourcing Your Bookkeeper?
The question of whether to hire outsourced bookkeepers is not a new one. Small business owners have been grappling with the decision for years. The truth is that you have only a few options for keeping your books. You could hire someone to work full-time in your...
How to Read Financial Statements Like a Pro
Managing a business well requires insight into your financial situation. Yet, it’s hard to have a clear understanding of where your company stands unless you know how to read the financial statements you receive from your small business bookkeeping service. These...
What Are the Costs of Poor Data Entry for Your Small Business?
Small business accounting has made a tremendous journey since the days of paper ledgers and handwritten entries. Now, small business bookkeeping software makes entries easier and more reliable. However, even now, data entry presents challenges. Whether you do your...
QuickBooks 101: 8 Common Mistakes to Avoid
QuickBooks is a phenomenon in the software world. It was an immediate success and, nearly 40 years later, is still by far the most popular self-service accounting software. Intended to enable small and medium-sized businesses to do their own books, the software has...
Financial Forecasting for Small Businesses: What Should You Include?
To rephrase a well-known bit of wisdom, “You can’t know where you’re going if you don’t know where you’re going.” Financial planning is essential to both running your business in the short term and growing your business over the long term. You probably already do some...
Should You Consider a Virtual CFO for Your Small Business?
If you’re running a small business, a chief financial officer (CFO) can provide expert-level guidance for managing normal operating accounting while also helping you plan long-term strategy for growing the company. The CFO is generally the third-highest ranking...
Should You Use Accounting Software or Outsource Your Accounting?
When you’re working hard to grow a small business, accounting functions like a map of where you are, where you’ve been, and most importantly, where you are capable of going. Every day, it is critical to have an accurate, error-free understanding of your company’s...