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by | Aug 18, 2022 | News

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5 Scary Things That Can Happen If You Don’t Keep Good Books and Records

It’s spooky season—and while ghosts and goblins might give you a fright, there’s something even worse lurking in the dark.  Scary bookkeeping problems for small business owners! 💀 Messy books.👻 Missing receipts.😱 Tax surprises. Don’t worry—this isn’t a horror story...

Diversifying Revenue Streams for Small Business: Smart Ways to Build Income

For many small business owners, revenue comes from one primary source—maybe client work, product sales, or contracts. And while that can work for a while, putting all your eggs in one basket can be risky. What happens if demand dips? Or a key client moves on?...

Financial Forecasting for Small Business: Turning Numbers Into Strategy

When you’re running a small business, it can feel like you’re always juggling—sales, expenses, payroll, and maybe even expansion plans. But how do you make confident decisions about the future when there are so many moving parts? That’s where financial forecasting for...

Managing Accounts Receivable: Tips for Improving Cash Flow

Are you struggling to manage your accounts receivable? Read on for our tips on how to improve your cash flow. For small business owners, managing accounts receivable is crucial for maintaining healthy cash flow. Effective accounts receivable management ensures that...

Why “Shoebox” Record Keeping Is Not a Sufficient Bookkeeping Method

Want to know why "Shoebox" record keeping Is not a sufficient bookkeeping method? When it comes to managing the finances of a business, the importance of proper bookkeeping cannot be overstated. A common but highly ineffective method some small business owners use is...

Cash vs. Accrual Accounting: Which Method is Right for Your Business?

Cash vs. Accrual Accounting: Which Method is Right for Your Business? When it comes to accounting methods, small business owners face a critical choice between cash and accrual accounting. Each method has its own advantages and scenarios where it might be more...

Year-End Financial Checkup: Tips for Closing Out the Year Strong

Year-End Financial Checkup: Tips for Closing Out the Year Strong As the year draws to a close, it's an ideal time for small business owners to conduct a year-end financial checkup. This process ensures that your business is not only in good health but also poised for...

Tax Deductions 101: Essential Write-Offs for Small Business Owners

Tax Deductions 101: Essential Write-Offs for Small Business Owners Navigating the world of taxes can be daunting for any small business owner. However, understanding and maximizing tax deductions can significantly reduce your tax bill and improve your bottom line. In...

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