How to organize and manage your business bills
Paying bills may not be the most exciting tasks for you as a small business owner, but it’s definitely one of the most important.If you ever get into a situation where your bills pile up […]
6 ways to get your invoices paid on time
Having trouble getting invoices paid? You’re not alone. Check out these 6 ways to keep the incoming revenue wheels greased, making sure you get paid as quickly as possible. Image Credit: DepositPhotos.com. 1. Accept all […]
A small business guide to hiring & managing seasonal employees
Seasonal employees are employees who are hired on a temporary basis—either for part-time or full-time positions—during high-traffic seasons. Commonly, seasonal hires work fewer than six months at a time for their employer. It’s important to […]
Bookkeepers & accountants: What’s the difference & why should you care?
What do bookkeepers and accountants do? Bookkeepers record transactions in a company’s set of financial records or books. They may also assist with invoicing customers, paying bills, and managing payroll, including payroll tax reporting. Accountants classify, analyze, […]
1099 vs. W-2 employees: What you need to know before you hire
Taking the leap as a business owner can be both challenging and rewarding. Many people start businesses to be self-employed and take control of their own destiny. If you’re a new business owner, you may […]
Everything you need to know about income statements
An income statement, also known as a profit and loss statement (P&L), is one of several key financial statements that small business owners, accountants, and the self-employed use to assess their company’s financial performance.The income […]
How ACH payments can benefit your business
ACH, or “Automated Clearing House,” is the name of the network that moves money and information from one bank account to another. Bill pay and direct deposit are examples of an ACH transaction. It’s a […]
How to avoid the dangers of business non-compliance
According to the unabridged edition of the Collins English Dictionary, the definition of non-compliance (nɒnkəmˈplaɪəns ) is a “failure to comply; refusal to yield, agree, etc.” Many of the examples of non-compliance in United States dictionaries […]
A small business guide to inventory (and boosting your bottom line)
Near the close of the 20th century, Hewlett Packard overtook IBM as the world’s third-largest PC manufacturer in the world. Yet not all was well at HP. Cutthroat competition and rapid advances in technology forced […]
Job costing: 5 tips so your small business doesn’t lose money
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 […]