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

image graphic introducing quickbooks busines network and bke

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 […]

What Should Bench Clients Do Now That Employer.com Has Taken Over?

client meeting with three people sitting at table

With the recent acquisition of Bench Accounting by Employer.com, many small business clients are wondering what this transition means for their bookkeeping needs. Bench’s abrupt shutdown left numerous clients with incomplete books for 2024, and while Employer.com plans to rehire Bench employees and restart its proprietary technology, the path forward is far from clear. Here’s […]

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 […]

Balancing the Books: A Bookkeeping Firm’s Guide to Franchise Financials

Dive into the world of franchise businesses, where established brands and support systems entice entrepreneurs. Success in franchising hinges on effective financial management. In this guide to franchise financials, we’ll navigate the landscape of franchise accounting, shedding light on crucial elements like royalty fees, advertising funds, and franchisee support. We’ll uncover the financial intricacies that […]

Top 10 Year-End Bookkeeping Tips for Small Businesses

As we approach the end of the year, it’s essential for small business owners to review their financial records and ensure everything is in order. Effective bookkeeping helps manage day-to-day finances and lays the groundwork for informed decision-making in the future. Here are the top 10 year-end bookkeeping tips for small businesses to streamline this […]

5 Ways to Get Your Books on Track for Year-End

As the 2023 year-end draws near, it’s crucial for businesses to have a firm grasp on their financial standing. Are you juggling receipts from various corners, and has your bookkeeping been neglected since earlier this year? Don’t worry – it’s not too late to regain control and ensure a smooth transition into the new year. […]

Outsourcing vs. In-house Bookkeeping for Franchisees: Making the Right Choice

Effective bookkeeping is a crucial aspect of running a successful franchise operation. Accurate and organized financial records are essential for compliance with franchisor standards, informed financial decision-making, meeting tax obligations, and maintaining healthy relations with investors and lenders. As a franchisee, you face a crucial decision: should you outsource your bookkeeping services or manage them […]