Is Cloud Accounting Safe for Small Businesses?
2021 is on track to be a record-breaking year for data breaches, with 1,291 breaches reported as of Q3 2021—and that’s after almost two years of reports citing an ongoing [...]
How to Keep Track of Business Expenses and Why It’s Important
As a business owner, do you handle your own finances without the help of a bookkeeper or an accountant? If you do, you’ve likely had the experience of bookkeeping tasks—like [...]
How to Keep Books for a Small Business: 13 Tips to Follow
If you dread bookkeeping but feel it’s not worth outsourcing, you’re not alone. Many entrepreneurs successfully handle their own financial books. The good news is that when you learn how [...]
Rethinking Small Business Bookkeeping in the Age of Digital Banking
Small business owners spend too much time on their accounting and not enough growing their own businesses. Part of the issue is that the accounting and bookkeeping methods we use [...]
What Does a Bookkeeper Do That I Can’t Do Myself? (Spoiler: Not Much.)
Many experts believe (and vocally declare) that every business needs a bookkeeper. We disagree. Technology’s capabilities have surpassed the need for human involvement in all but the most complex business [...]
How Much Does an Accountant Cost (And How to Make the Partnership Profitable)
Warren Buffet famously says that “Accounting is the language of business.” The very best way to learn the language of your business — that is, accounting — is to hire [...]
Drowning in Disorganized Accounting Books? Here are Your Options.
Businesses never start out disorganized. Chaotic processes and records become that way over time. No matter how long it took for your accounting books to go from tidy to disordered, [...]
How to Do Bank Reconciliation in Real Time, Not a Month from Now
The 21st-century economy moves in real time. Why, then, do you still have to wait until the end of the month to see how your business’s finances are doing? The [...]
Transaction Reconciliation Sucks. Now, You Can Automate it Instead.
There’s a difference between what you know about your business’s finances and what your bank knows. Balancing out the difference is a process called “transaction reconciliation.” Doing it manually sucks [...]
Ask the Expert: A CPA’s Top 5 Small Business Accounting Tips
More than three-quarters (78%) of small business owners haven’t completed any formal business training. But 83% of them consider themselves knowledgeable, very knowledgeable, or extremely knowledgeable when it comes to [...]