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Many people set personal New Year’s resolutions every January, but business owners can also consider setting resolutions and goals for their company. What better area to focus on than the health of your finances? Here are a few accounting resolutions you could make to improve your business outlook in 2023.
The end of the year is a stressful time for small business owners, not only because of the holiday season, but also due to year-end accounting. Whether you have a finance and accounting team, outsource bookkeeping to an online bookkeeping service, or take care of it yourself, there’s a lot to prepare
As a small business owner, you likely have a long to-do list and may not have the time or expertise to manage your own bookkeeping. Before you look for help with your books, you may be wondering – how much does a bookkeeper cost? In this article, we’ll outline the costs of a bookkeeper, how their services compare to an accountant, as well as the costs you can expect from in-house, freelance, and online bookkeeping services.
Understanding how cash is entering and exiting your accounts is paramount to keeping your business financially healthy. This article will walk you through the specifics of one of the most important financial statements: the Statement of Cash Flows.
If you are like most small business owners, accounting likely is not the reason you got into business, but understanding your key financial statements can significantly impact the long-term success of your business. In this guide, you will learn about the top three financial statements that every small business owner can use to efficiently operate their business.
Small and medium businesses make up the vast majority of the U.S. economy – 99.9% of all businesses – so it’s understandable why many small owners are worried about the impact of a possible recession. In this article, we’ll walk through what a recession is and how your small business can prepare to ensure your accounting and finances can weather a storm should it arrive.
Business owners are busy and don’t have endless time to spend analyzing their financial data. Despite this fact, it is absolutely worth investing time to understand how your business is performing and quickly spot any issues.
Tax season is underway and navigating this stressful time is never easy – especially for business owners. You’re pulling together your financial information, making calculations, and filling out form after form, all while continuing to run your business as usual.
Even if your Paycheck Protection Program (PPP) loan has been partially or fully forgiven, small business owners need to be aware of the tax implications of PPP to make the best decisions for their businesses
If you’re like many small business owners, doing your own bookkeeping may be a source of pride – especially if you've done it from the start. Or, perhaps you see it as a cost-saving activity to maintain your earnings.
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