November Small Business Tax Deadlines: Why to be Thankful
As we move further into the fourth quarter, small business owners everywhere begin to breathe a sigh of relief as their most pressing tax deadlines fade into the distance.
Make Your Finance Dashboard Visual
Your finance dashboard – not unlike your car’s – should present the most critical indicators of your firm’s financial performance to help you steer it toward achieving your objectives.
Why Budgeting is Important for Business: 3 Reasons
Successful small business leaders view their annual budgeting process as one of their most important managerial tasks. Ever stop to think why budgeting is important for business in the first place? Reasons abound, but here are a few.
Outsourced Bookkeeping Fills the Accounting Void for Rural Businesses
As a rural business owner, are you struggling with how to find a good bookkeeper or controller? This is a common problem for rural businesses, largely because a smaller town means an even smaller pool of candidates to fill a bookkeeper or controller position. Some owners have even tried filling the time-consuming role themselves, at […]
Why Do a Bank Reconciliation: One Significant Reason
As a small business owner, you know all the ins and outs of your product or service, down to the most technical detail. But how much do you know about your day-to-day accounting? As long as the cash flow is in the black, you probably don’t think about it much – after all, that’s why […]
1 Question to Tap the Power of Your Small Business Financial Reports
Does this sound familiar? Month after month, your bookkeeper or controller dutifully produces the financial reports you need to monitor your business. And month after month, you check the bottom line on the profit and loss statement, tuck the pile in a drawer and move on to the business of the day.
September Small Business Tax Deadlines
Summer may be drawing to a close, but the IRS turns up the heat in September with several important tax deadlines for businesses. Mark these dates on your accounting calendar so you have time to get the necessary information to your accountant and budget in any payments due.
3 Tips for Creating Cash Flow Projections
Does your company experience ebbs in revenue at times? Or periods of particularly heavy costs? Is growth constraining your cash position? Creating cash flow projections will help ensure you’ll always have adequate cash to pay the critical bills, like payroll and rent. Don’t worry, it’s easier than you think and you can get started with […]
Building Business Value
There are many ways to measure the effectiveness of your firm’s finance function. For starters, there’s the accuracy, frequency, timeliness and utility of the reports your finance team produces. Are those reports digestible at a glance? And don’t forget to monitor the quality of the internal controls that are in place. All of these factors are […]
August Small Business Tax Deadlines
August is right around the corner and although there isn’t much heat in the way of upcoming tax deadlines, there are a few target dates that may apply to your business.