Cash flow is one of the most important aspects of any business, especially start-ups. But even experienced businesses that don’t track their cash flow well may be surprised to find that they are losing money.  This article discusses cash flow and how it can help businesses to plan ahead so that they can have enough…

You did your research and found the right products, services or resources to help grow your business. You made a list of all the things you needed. Now it’s time to take it a step further and create a business budget that you can use to make sure you are on track. Here is how…

A profit and loss forecast is one of the key documents that any business should produce. It allows you to set financial targets for the business and to arrange the business in a way that brings in the most profit. However, the process of making a profit and loss forecast is not an easy one. …

Running a small business is not easy especially if you are considering expanding your business. That is why you have to keep an eye on your expenses. In order to do this you need to build a spreadsheet that can help you track your expenses.  The post will be about how to prepare such a…

Small business accounting is a critical process that can make or break a business. However, there are many things that can go wrong with this process.  One of the biggest issues is that small businesses often do not have the budget to hire an accountant, so they have to do their own bookkeeping. This can…

Staffing services and consulting firms report that demand for accounting staff is rising. This may be true, but a major barrier to filling these positions is accounting’s waning popularity. You’ve heard the statistics: fewer students are choosing accounting as a major, and fewer CPAs are licensed each year.  Recent declines in tax departments’ staff and…

Business in today’s world is fast-paced and the need to keep track of expenses and revenues has increased tenfold. That is why we have accounting software that can give us a lot of insight into the financial workings of our business. But one system that is widely ignored is the general ledger.  Here is why…

If you are considering bankruptcy, you’re probably wondering what kind of bankruptcy will work most in your favor. What is Chapter 11 bankruptcy? Is Chapter 11 bankruptcy the best option for you? How does Chapter 11 bankruptcy work?  We will show you how Chapter 11 bankruptcy works and how it can help you. Understanding Chapter…

You’re probably wondering why you need to know about Chapter 7 bankruptcy when your business is doing great or growing. This blog will explain why you need to know about bankruptcy, how it works and the benefits it can have to your business. Understanding Chapter 7 Bankruptcy For individuals, Chapter 7 bankruptcy is the most…

The record keeping requirements of businesses are covered in a variety of different areas. The trick is to understand both how business records must be kept, and the penalties for non-compliance. Let’s look at what you need to do to keep accurate business records. What are good business records? Business records are necessary for any…