You only get one chance to make a first impression, and a good one is crucial for employee onboarding. While some businesses boil onboarding down to orientation and a week of training, this approach misses a valuable […]

If you have a retail store, you probably considered using retail accounting. It’s a simple way to estimate your inventory balances and value without spending too much time on inventory management.  But is retail accounting right for you? […]

As a small business owner, understanding your company’s cash flow is critical to maintaining financial health. When using your cash flow statement to analyze your financial health, you can track either levered free cash flow (LFCF) or unlevered free […]

Managing your business’s inventory levels is key to knowing how much and when to order more product. But things get more complicated when you have to manage inventory from different sales channels.  Whether you’re managing inventory from retail […]

Whether you’re an expert in a particular topic or want to help businesses grow with professional services, you likely considered becoming a consultant.   Developing a consulting business can be extremely rewarding. However, as with any […]

As products go down a manufacturing line, every added cost and inefficiency eats into the profit margin. But when dealing with inventory, you have to first take a step back before considering ways to streamline […]

Tracking employee hours and attendance is important for several reasons. Business owners need to know their employees are working safely, wherever they’re supposed to be. Employee absenteeism impacts productivity, morale, and, ultimately, your bottom line. […]

Cash and checks used to be the norm for payroll, bill payments, and more. But in today’s digital age, the electronic transfer of funds is now a necessity when accepting payments. When it comes to digital payments, […]

As a business owner, you’ve probably used invoices and receipts before. They both are a record of sales and can help you track every transaction within your business and organize your payments. But are they the […]

There are many moving parts to keep track of when taking care of your business’s accounting, and the accounts payable process is one of the most important.  Accounts payable describes the various amounts of money your business […]

 Let’s face it: You know accounting is an important part of your business. It helps you understand your business’s financial situation and plan for the future. But the truth is, there are many different types of accounting, […]

When starting a business, you have to account for the financial jargon you might encounter during your journey. Even if you hire a financial advisor or utilize accounting software, it’s still important to have a […]

Keeping up with economic changes that affect your small business can be difficult, especially when it directly impacts your operating costs. But with ongoing talks of raising the minimum wage, which is the minimum amount employers […]