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What should be in the Chart of Accounts for your Business? Whether you already own a business or are looking to create one, the term “chart of accounts” is one you should be familiar with. While there’s no shame in not knowing much about it (we all have our strengths and passions, right?), it is…
Cost of Hiring an Employee versus Outsourcing CFO Services Whether you’re just starting or having run a business for some time, you likely are well aware that it takes money to make money. Spending decisions are made with the intention to better your bottom line. Naturally, one of the most important investments you can make…
These 7 tips for an organized workplace and home office are sure to help with both your business’ productivity, and ultimately, profit!
Profit does not Equal Positive Cashflow It’s an odd statement, but it is a fact – profit does not equal positive cashflow. Profit is the result of a financial period (like a month) when your incoming revenue exceeds the applicable expenses. Cashflow is the way your income and expenses flow through your bank account. There…
The Difference Between Employees and Contractors (and how it affects your books) When it comes to hiring help to see your passion turn a profit, there are important differences to note between employees and contractors. This is especially true when you’re looking to keep clean books and use that data in a books review…
How To Do Bookkeeping for Small Business Who doesn’t love a helpful “how-to”? We appreciate any time someone asks questions surrounding finances or budgeting for business and so on – numbers are our thang! So, specifically, one question us accountants are often asked is how to do bookkeeping for small business. While there isn’t a…