All businesses strive to be profitable. However, achieving success can be difficult, especially with multiple lines of business. Selling a high-margin product …
Why Businesses Should Consider Outsourcing Bookkeeping
Bookkeeping is the process of recording all financial transactions within a business and is required in every business regardless of size. It …
Four Ways to Manage Overhead Costs
High overhead can strangle the profit out of a business. Companies that struggle to control their unseen, hidden costs such as rent, …
How to Prevent Past Due Accounts
Anytime a businesses performs a service or ships a product before getting paid, an Account Receivable is created. If customers pay before …
8 Ways to Increase Profits
Increasing profits might sound like an unattainable dream, but in reality, there are a finite number of ways that businesses can increase …
When is a loan for business growth a good idea?
Like raising a child, there’s no set manual that comes with owning your own business. Even the best entrepreneurs struggle with making …
Five Numbers for a Mid-Year Financial Check-Up
June is a perfect time to take a look at company numbers year-to-date. There’s enough to time elapsed to get an accurate …
How to Develop a Successful Onboarding Process
“Getting off on the right foot” is important for both employer and new hires. Those first days and weeks of a new …
Hiring the Right Team for Business Success
The best business plan, accounting system and products are key components for every business. But the true driver of success is the …
What To Know About Hiring Interns
Internships are often a benefit for both employer and intern. Interns get real-world experience and employers get extra help and an opportunity …
Four Payment Policies that Keep Companies in the Black
Business owners know that the battle for profitability is won or lost in details. For example, how companies handle accounts receivable affects …
Costner Law: A Case Study in Managing Growth and Maintaining Balance
Working for a real estate lawyer one summer during college set Josh Costner on his career path. He began his firm in …
9 Hidden Costs That Impact Small Business Expense Budgets
The last thing every business owner wants is wasteful spending or missed opportunities. One of the worst culprits are hidden expenses that creep in and reduce profitability. This month, we expose hidden costs so that you can find them and restore your hard-earned profits.
When Is It Time for a New Accounting System?
Struggles with an accounting system may be a sign that it’s time for something new. Growing companies may quickly outpace an original …
10 Ways to Save Time on Accounting
Small business accounting can be quite time-consuming, regardless of whose job it is to receive bills, pay bills, send invoices, and keep …
Profit: Word of the Year for 2017
Instead of making a New Year resolution, think of a word to define the year ahead. Common answers are “efficiency,” “growth,” “caution,” …
Last Minute Year-End Prep for Small Businesses
Small businesses have options in the final days and weeks of the year that can save time and money. Being flexible about …
Budgeting Essentials in 8 Steps
Accurate budgeting, expense tracking, and efficient reporting of this data are always important to business success. A good accounting system must provide …
How to Weather Unforeseen Events
Properly balancing strategic and tactical matters is always difficult when managing a smaller business. Generally, the tactical matters – the day-to-day running …
4 Tips to Improve Your Accounting Practice
Accurate budgeting, tracking expenses and timely payment of bills are always important to business success. Fortunately, accounting system automation has come a …
7 Tips for Getting Paid Faster
Cash flow relies on getting paid on time, and preferably early. One tactic for improving cash flow is to look at the …