How to Calculate Cash Runway (Months) for a Small Business
How to Calculate Cash Runway (Months) for a Small Business Know your months of runway and your next step—without more dashboards. How to Calculate Cash Runway (Months) for a Small Business What is cash runway? Runway formula Instant check Interpret results QuickBooks sanity check Weekly 30-minute routine Fast fixes Owner-ready templates Where FinalyzeIQ helps Free […]
QuickBooks Business Network: Connect Once, Automate AP/AR
QuickBooks Business Network: Should Your Business Connect with Bookkeeping Express? What is QBN? Why it matters Who benefits How it works What BKE handles Proof Pricing Get started Answer Box: Connecting with BKE in the QuickBooks Business Network lets invoices and bills post directly in QuickBooks, reducing manual entry by ~30–50% in early pilots and […]
From Reports to Real Insight: Why SMBs Don’t Need Another Dashboard
From Reports to Real Insight: Why SMBs Don’t Need Another Dashboard Small business owners are drowning in data. Every accounting system, point-of-sale tool, or banking app promises “real-time dashboards” and “better reporting.” And yet — most SMB owners admit they don’t open them, or if they do, they walk away more confused than before. The […]
From BKE Insight to FinalyzeIQ: Leading the Next Wave of Financial Intelligence for SMBs
Ten years ago, at Bookkeeping Express (BKE), we made a decision: if we were going to serve thousands of small business clients efficiently and at an affordable price, we couldn’t rely on the limited off-the-shelf tools available at the time. We needed to think outside the box. So we built our own workflow platform known […]
Why Did Bench Accounting Shut Down and What Should You Do Now?
In a shocking turn of events, Bench Accounting, once a prominent player in the bookkeeping space, has ceased operations, leaving many small business clients scrambling to figure out what to do next. While the exact reasons for Bench’s closure are still unfolding, early indicators suggest financial instability may have played a significant role. For thousands […]
Interview with AI: How useful is it
As Artificial Intelligence (AI) moves to the top of the buzzwords in today’s business world, we decided it was time to take it out for a spin and test its insights. We asked ChatGPT, Google’s free AI engine, some of the more pertinent questions for business owners. See some of those questions and answers below, […]
The Importance of Accounts Receivable Analysis
Accounts receivable and cash flow are intimately intertwined. For many businesses, accounts receivable are the primary source of cash flow, so it is critically important that they are managed rigorously and proactively.
Fixed, Variable and Semi-Variable Costs Explained
Cost accounting or “costing” is a key tool to achieve those goals and many more. Detailed, accurate costing can provide valuable insights, but many business owners struggle to account for their costs or don’t fully understand the numbers their accountants or bookkeepers present to them in costing reports.
The Ever-Increasing Benefits of Finance Process Outsourcing
When you outsource a non-core aspect of your business like your financial processes, you free up time, energy, and resources to focus on what really matters: your business’ profitability and growth. A proven, reliable financial process outsourcer can take a variety of tasks off your plate and probably do them better at the same time. Let an outsourcer’s employees do what they do best, and free yourself and your employees to focus on building a great business.
Should you increase prices due to inflation?
Now that economists say high inflation rates may be with us for the foreseeable future, businesses are a being forced to address those price pressures by raising prices. Business owners worry – justifiably – that they might lose customers if they raise prices, or raise them too much. Let’s look at some of the ways that price increases that can be approached while reducing the risk of lost sales.