When Should a Small Business Hire a Bookkeeping Service?
Knowing when to hire a bookkeeping service is less about reaching a particular sales number and more about recognizing when your current bookkeeping process no longer gives you the time, accuracy, or financial visibility your business needs. At first, many small-business owners handle their own books because the transaction volume is manageable. However, as a […]
In-House Bookkeeping vs. Outsourced Bookkeeping: What to Consider
Bookkeeping is an essential part of running a small business, but outsourced vs in house bookkeeping is not a one-size-fits-all decision. Some businesses prefer to keep bookkeeping responsibilities inside the company. Others use an outside bookkeeper or accounting service. In some cases, a business may use a combination of internal staff and outside support. The […]
Monthly Bookkeeping Checklist for Small Business Owners
Use this monthly bookkeeping checklist to review transactions, reconcile accounts, organize records, review reports, and prepare for the month ahead.
Financial Reports Every Small Business Owner Should Understand
Learn how small business financial reports work, including the income statement, balance sheet, and cash flow statement, and what each report tells you.
7 Financial Numbers Every Small Business Owner Should Track
Running a small business involves more than making sales. In addition, you need to understand what those sales are producing, where your money is going, and whether your business has the resources to meet its obligations. Fortunately, you do not need to be an accountant to begin understanding your finances. A handful of regularly reviewed […]