Why Small Businesses Should Care About Accounting Software
You’ve heard it time and time again: “Accurate bookkeeping is necessary for business health.” This isn’t meant to come off like a scolding finger-wag. Bookkeeping is simply a foundational aspect of running a business and should be regarded as such. Bookkeeping and accounting are inherently different, though the two practices share similar implications. Accountants typically […]
Why Health & Wellness Businesses Need Automated Bookkeeping
As a health and wellness business professional, you’re a master at making sure your gym, spa, salon, or wellness center offers the best products and services. But when it comes to bookkeeping, do you see yourself as a Master or more like a Grasshopper? Having full understanding of your financial health is non-negotiable if you […]
Finding the Right Bookkeeper for Your Business
Hiring a bookkeeper is about much more than finding someone who can crunch your numbers. It’s about finding a partner who not only understands your needs, but anticipates them to positively influence the direction of your business. No matter what size your business may be, it’s critical to keep tabs on transactions, sales records, expenses, […]
Eight Accounting Apps to Be a More Efficient Business Owner
As a small business owner, it’s important to learn how to work smarter, not harder. Assess what your day to day looks like. What aspects of your business are eating up most of your time? Which manual tasks can be simplified with technology? From accounting and bookkeeping to hiring and training employees, there’s a software […]
Accounting Reports: What is a Balance Sheet?
Keeping accurate and up-to-date accounting records is a critical part of being a business owner. Your books hold a wealth of information about the financial state of your business that you can use to make savvy decisions. Accounting reports take the data stored in your books and present it in an easy-to-understand format. There are […]
Should You Hire a W-2 Employee or 1099 Contractor?
As your business grows, you’re going to need to hire good people to help out. But before you hire anyone, you’ll need to figure out what exactly their responsibilities will be, how long you’ll need to employ them, and what you can afford to pay them. If you need to build a staff to help […]
New Industries and Small Businesses Going the Franchise Route
A wave of new franchise opportunities are becoming available, according to a recent article from the Associated Press. For a long time, only certain industries and major brands were synonymous with franchises. But now aspiring franchisees have a variety of options to choose from, outside of traditional industries like restaurants and hotels. Many of these […]
Accounting Reports: What is an Income Statement?
Keeping detailed accounting records for your business is important for many different reasons. For one, your books hold a wealth of information about the financial state of your business. You can learn a lot about your operations and make smart decisions by looking at the right data. Accounting reports provide an overview of important financial […]
Should You Start Franchising Your Business?
Franchise businesses have evolved beyond fast-food restaurants and gas stations. There are now hundreds of different brands across various industries that offer franchise opportunities to smart and capable people. In fact, the economic outlook is bright for franchises in 2016 and beyond. If you run a successful business, you might have thought about selling franchise […]
A Payroll Guide for Restaurant Owners
A thriving restaurant operates like a finely-tuned machine. Each employee carries out their specific tasks to keep the entire operation moving forward at a steady pace. As a restaurant owner, you need to make sure you’re fully staffed so all the cogs in your machine keep moving. Depending on your restaurant, you might need to […]