One of the biggest mysterious for those who are either not in business or new to business is understanding the difference between an accountant and a bookkeeper. It can be very difficult to understand the difference, but the two have stark differences that matter strongly when they’re hired to a business. So here are 2 … Continue reading The Difference Between an Accountant and a Bookkeeper
The most effective business owners are ones know all of their numbers and can work towards a financial vision. They often make great bookkeepers themselves and are often very well organized. But even these most effective business owners know when it’s time to hire a bookkeeper. This is because business owners know that proper bookkeeping … Continue reading 3 Reasons Why Not Hiring a Bookkeeper will Cost You More in the End
Do you want to know the number one reason why businesses fail? It’s because they don’t know their numbers. Sure, you may have it written down somewhere, but do you know how much your bringing in, how much your taking out? Do you know your goals for this quarter and how far along you are … Continue reading Thinking of Hiring a Bookkeeper? Here are 3 Questions to Ask Yourself First!
A financial statement adheres to generally accepted accounting principles and is used to portray financial information about a business. They typically consist of an income statement, balance sheets, statements of retained earnings, and cash flows. The balance sheet provides an overview of a company’s assets, liabilities, and stockholders’ equity as a snapshot in time. … Continue reading What Are Financial Statements?
Whether your business is still in its fledgling stages or has been operating for years, a budget remains important and vital for providing a guideline for expected income and expenses throughout the year. A well-planned budget can help you compare your anticipated financial goals with actual numbers, serving as a measuring tool for how well … Continue reading Start your New Year’s Business Budget by Looking at Years Past
As a business owner, we tend to think we can handle it all, I mean, we own a BUSINESS, what's a little office work, right? That's like saying being a stay at home mom is easy (it's NOT). A successful business owner understands her (or his) limits, and knows to hand off the things they … Continue reading How To Choose The Right Bookkeeper For YOU!