No matter how much money you have saving when you can makes you feel good. And in these tough economic times saving is not only a pleasure, it is a must. The good news is that you can save on every purchase you make. Believe it or not, every single item cycles through various times […]
Although autumn is my favorite time of year it does mean that winter is looming in the not too distant future. That means it is time to prepare your home for winter in such a way to avoid any unnecessary expenses. After all, even a low utility bill is more than we want to see.
By […]
The Profit & Loss Statement describes you how your business is performing at that particular time and the Balance Sheet is the statement that tells you about the long-term health and strength of your business. The balance sheet shows whether you can meet your obligation as they come due, how much you are indebted to […]
The Cash Flow Statement is made up of three sections. The first section is operating activities. Operating activities include your companies profit or loss and non-cash items that affect your profit without affecting cash. Examples of these types of non-cash expenses are depreciation and bad-debt expense. Also included in this section are changes to your […]
Redecorating and reorganizing your house is never easy, it can be so tedious on your part, especially when you are not sure on how you want things to be in order. So before you move things around your house, create a plan or a design of how you want your place to look like.
If you […]
Money is an issue on everyone’s minds: from the CEO sitting at the top to the entry level employee living paycheck to paycheck. This is why it is so important for those who are struggling in these hard economic times to be able to afford the basic essentials. In order to do that, you must […]
In this article, we will discuss some of the most common bookkeeping mistakes made by small business owners that you absolutely need to avoid if you want grow your business:
1. Handle all bookkeeping work by yourself. Especially for a small business, it is very common for the owner to have a self-employed mindset. The owner will […]
Nowadays, business requirements demand accurate and fast accounting. Many businesses do not have the budget to hire accounting professionals to handle their account. Therefore, accounting software will be handy here. In the market, there are different accounting software available. So how can you find the right software for your business?
As your business grows, there will […]
Accounting is considered a corner stone for every company, especially if it is a call center. Consequently, the accountant’s role is very important to realize all the company’s targets, at either the short term or the longer one. Yet, to be able to recognize the degree of the accounting department progress, it must assess it. […]
Do you run out of money before your next paycheck comes? Do you want to save money but don’t know how? If this describes you, you are not alone. There are millions of other people who are experiencing the same situation.
Instead of constantly being discouraged, empower yourself to do something positive about your situation. […]
We’ve all heard of the phrase “Death and Taxes.” Ben Franklin gave this timeless small business advice when he proclaimed that they are the only two things in life that are certain. But you don’t have to let your tax responsibilities drive you and your business to an early grave.
As a business coach, […]
For small businesses owners, accounting work is usually the last thing that they will want to get their hands on. This is because they feel that majority of the time and effort should be spent on sales and operations rather than on accounting. However, accounting is a very important part of any business and troubles […]
One of the problems that many small businesses will face is that they sometimes find it hard to collect account receivables and overdue invoices payment. By failure to do so, small businesses will run into cash flow problem which will affect their operations. Therefore, it is important for you to establish formal credit policies and […]
Although you may have never heard the term web based invoicing software it may be the answer to some of your time efficiency problems especially if you own a small to medium sized business. If you were to add up all the time that you and your employee’s spend each month chasing invoices and payments […]
Online appointment scheduling technology is bringing new opportunities for time saving especially for small to medium sized businesses. This is basically a time-saving shortcut that avoids staff having to deal with making appointments in the traditional manor.
Web based appointment making is a fast and highly efficient online appointment Tool that removes the need to speak […]
There are certain questions that you need to ask yourself before you enter into the realm of debt consolidation. You may think you’re ready, but if used improperly or at the wrong time, the process can provide a gateway to more debt and more problems while offering only short term relief from payments. […]
My least favorite thing is ’selling’ my services to potential new clients. It makes me uncomfortable. Then a few years ago, Beth my business coach said, “Linda, why not describe the reasons why someone needs good bookkeeping? Talk about that during your initial meeting.” I was skeptical; I didn’t believe it would work. She encouraged […]
Almost any small business can use advice on how to improve its collection cycle. The first line of defense against late payments is a complete invoice. Your bills should be accurate, detailed and easy to understand. If difficult to understand, then your client will need to call for additional information. That translates into “you have […]
Many accountants, especially the younger generation, have heard of SaaS by now, and no we’re not talking about Statements on Auditing Standards(SAS)–though they are a delightful topic as well. SaaS stands for Software as a Service and basically means instead of having a physical copy of your software, everything is run through the Internet.
This […]
Job costing is important in construction industry for tracking the expenses incurred against the revenues produced by a project. It is very useful tool for building contractors, subcontractors, architects and consultants and others who track a high dollar volume per customer with a low number of customers. This may not be suitable for industries that […]