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Many companies have to deal with late paying or non-paying clients and have a difficult time dealing with the repercussions. Late client payments not only throw off a company’s accounting, but it can also result in major stability problems. In… Read More
Archive for the ‘Accounting’ Category
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3 Common Cash Flow Problems and Solutions
All entrepreneurs have a fear of having cash flow problems, as they rely on the money coming into their business to have a paycheck and stay in business. A lack of finances is the second biggest reason that businesses fail,… Read More
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Tips For Scaling Internal Controls For A Growing Company
It’s important to think about internal controls early as a business owner, as many companies wait until they start losing efficiency or a financial disaster happens. To establish a company culture of success, it’s crucial to create internal controls that… Read More
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5 Tips For Managing Accounts Payable
As a small business owner, you have a lot of tasks to juggle to keep your company running smoothly. Accounts payable process improvement helps to make your job a little easier by allowing you to pay vendors and work on… Read More
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Why Small Businesses Choose QuickBooks As Their Accounting Software
QuickBooks is most-used accounting tool for small businesses, as it offers a wide range of capabilities that all owners need. When compared to other accounting software programs, QuickBooks is the best option based on price, ease of use, time-saving features,… Read More
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Cash Flow Statement: The Difference Between The Direct and Indirect Method
A cash flow statement is a very important financial report that helps determine your business’s success. The statement shows how changes in balance sheet accounts and income affect cash, allowing you to see cash flowing in and out of your… Read More
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3 Tips For Converting To A Paperless Office
Businesses all around the world are making a conscious decision to switch to digital tools to use less paper. It may not be possible for all companies to go completely paperless, but there are many steps your small business can… Read More
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4 Accounting Tasks Business Owners Should Do Every Week
Bookkeeping and financial accounting records are crucial for the success of all businesses. Even large organizations have failed due to disorganized accounting practices, so small businesses must be sure to stay on top of accounting tasks each week. Continue reading… Read More
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3 Key Financial Performance Indicators To Track
Your business’s Key Performance Indicators, or KPIs, are tools that measure and track progress in essential areas of company performance. The insights afforded by your KPIs allow you to be proactive in making changes to any areas that need help,… Read More
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3 Common Accounting Mistakes Business Owners Should Avoid
New accounting software has made bookkeeping and accounting more manageable for small business owners, but it has also made it easier for owners to make mistakes. Some accounting mistakes are minor and are easy to correct, but some mistakes have… Read More