Take Control of Your Business Financials

Every business needs a good accounting system, but putting one in place is much easier said than done. Even improving an existing accounting system can be a struggle if you’re not sure what gaps exist in your system, so here are some ways you can identify your needs, and then either develop a new accounting…

I talk to a lot of small business owners, and I don’t think I’ve ever heard one of them say they went into business so they could do financial accounting. At the same time, if you want your business to succeed (much less thrive) you need to keep accurate recording, summarizing, and reporting your company’s…

Like most industries, accounting has its own jargon for describing certain things within the industry, and while these terms might make communication easier for accountants talking to tax professionals and other accountants and bookkeepers, it can leave a lot of other people feeling lost. That can make it scary and counterproductive when you’re trying to…

While there are benefits to giving your executives and upper management employees company credit cards or reimbursing them for the expenses they incur while on business trips and wining and dining clients, using that credit card for personal expenses can sometimes prove too tempting to resist, even for employees who mean well. While the occasional…

Fraud prevention and detection are two of the biggest reasons your company needs a strong bookkeeping system, and it should be more than just creating invoices and making sure bills are paid. It has to include reconciling all the records you have of money coming in and money going out with your bank statements to…