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by | Aug 18, 2022 | News

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Unlocking Financial Insights: Understanding Key Performance Indicators (KPIs) for Small Businesses

When you’re running a small business, the to-do list never ends. You’re juggling sales, staffing, operations—and somewhere in there, you’re supposed to “know your numbers.” But which numbers really matter? KPIs for small businesses are your financial dashboard....

Outsourced Accounting vs. Cost of In-House Accounting Team: Let’s Break Down the Numbers

As your business grows, your financial operations become more complex—and you need more than just a part-time bookkeeper. But what’s the smartest way to handle it? Should you hire a full in-house team… or outsource your accounting function altogether?  Let’s break...

Why Small Businesses Use Merchant Services Over P2P Payment Apps

After publishing our last blog post about the risks of using P2P payment platforms like Venmo and Zelle for business, I figured you would have questions about safer, more reliable payment alternatives. That’s why I reached out to my friend Jason Hetrick of...

Mileage Deduction vs Actual Expenses

As a small business owner, managing travel expenses is essential for maximizing your tax savings. When it comes to deducting vehicle expenses, you have two primary options: the mileage deduction vs actual expenses. Understanding the differences between these methods...

Understanding Profit Margin: A Guide for Business Owners

Profit margin is like a financial health check for your business, showing how well you're turning sales into profits. It's a crucial metric that tells you if your business is making money and how efficiently it's operating. Let's break it down in plain terms to help...

What is the Role of Advisory Services in Mitigating Economic Risk?

In the active business environment of Frederick, where innovation meets tradition, companies face various challenges and opportunities. In the dynamic economic world, businesses must not only struggle for growth but also strengthen themselves against potential risks....

Managing a Small Business with Spreadsheets

When you’re managing your own business, it can be difficult to keep track of everything there is to do, particularly the finances. Spreadsheets can be a great tool, but they can also be overwhelming and tricky to organize. Today, we’ll go over some tips and tricks on...

Can Your Business Survive Without Proper Financial Management?

In the busy world of entrepreneurship, every decision, every move, and every penny counts. It's a world where success and failure are often based on a delicate balance of strategy, innovation, and most importantly, financial management. Still knowing the importance,...

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