Paying your employees on time is a mandatory requirement for any business, no matter the size. However, paying the appropriate amount in payroll deductions could probably tie for first place in a race of importance. […]
The overall success of your business is directly tied to profit and loss. This relates not only to securing enough business to pay your bills and expenses but also has to do with pricing and […]
As a small business owner, managing your expenses can be a full-time job. Juggling receipts, bills and invoices can cause you to drown in piles of paper. However, the importance of keeping your receipts organized cannot be overstated. At the end of the […]
In the course of doing business, there are costs and expenses that are not directly related to creating products or services, but must still be paid on an ongoing basis. These are called “overhead costs” and are […]
With every tax season, many self-employed people and small business owners start to sweat their tax deductions. One of the greatest areas of concern year after year is business expenses and receipt capture. In a recent […]
An income statement, otherwise known as a profit and loss (P&L) statement, is a critical financial document for your business. Income statements produce a clear snapshot of all of your business activities, allowing you to […]
The idea behind lean manufacturing, also called lean production, or just “lean“ is simple: Cut waste out of the manufacturing process while maximizing productivity. No matter what type of business you run, you can still […]
Spending money is a necessary part of building a business. Business owners can attribute many costs to producing or creating a product or service. These are known as direct costs. The expenses that are not […]
Processing transactions cheaply and efficiently shouldn’t be difficult. However, for small businesses, it’s often difficult to find a cost-effective point-of-sale system that offers the features you need without a host of special bells and whistles you don’t. […]
All too often, employee retention is spoken about in vague, jargon-heavy terms. Buzzwords like “company culture,” “engagement,” and “professional fulfillment” are tossed around as if their meanings were clear. The assumption is if your employees […]