Small Business Accounting
Small Business Bookkeeping
Source: Forbes | Repost QBScott 12/1/2022 – Bookkeeping is the process of tracking income and expenses in your business. It lets you know how you’re doing with cash flow and how your business is doing overall. Staying on top of your bookkeeping is important so that you don’t have unexpected realizations about account balances and…
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How to Manage Accounting for Small Businesses
Source: Salesforce | Repost QBScott 8/18/2022 – Small business owners thrive when they have the time to focus on the core aspects of their business. This includes customer service, product innovation, and sales. Administrative tasks such as accounting are necessary, but often have to be prioritized after other duties. However, it’s important that entrepreneurs learn…
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Top 25 Small Business Tax Deductions
Source: Small Business Trends | Repost QBScott 5/26/2022 – As a small business owner, you are probably always looking for ways to save money on your taxes. Well, look no further! This article will discuss the Top 25 Small Business Tax Deductions that you can take advantage of. In addition, we will also provide some…
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What is a Profit and Loss Statement?
Source: Small Business Trends | Repost QBScott 4/14/2022 – As a business owner, you need to know how well you are generating profits. This type of profit and loss report is one of three financial statements. A p l statement is an important way to see what’s happening financially over time. This is a great…
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The Only Three Reasons Entrepreneurs Need Accounting and Finance
Source: Forbes | Repost QBScott 6/18/2020 – Observing finance and accounting professionals— or the way academics at most business schools train them — might lead you to believe that finance and accounting is a complex and arcane language understood only by an initiated few. For an entrepreneur, the truth is that accounting and finance are…
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4 Behaviors That Help Leaders Manage a Crisis
Source: Harvard Business Review | Repost QBScott 4/23/2020 – The roles and responsibilities of business leaders have dramatically changed in the past few weeks. Before COVID-19, CEOs and other executives in high-growth companies were focused on fostering innovation, driving revenue, and gaining market share. Today, many of those same leaders must make rapid decisions about controlling…
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21 Ways An Accountant Can Help a Small Business Owner
Source: thebalance.com | RePost QBScott 11/21/2019 – If you are bootstrapping or starting a small business on a limited budget, you have probably spent some time trying to figure out where you can cut business costs and do more on your own to stretch the funds you have available. One area you may consider doing…
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5 Accounting Mistakes That Cost Small Businesses Significant Growth
Source: business.com | Re-Post QBScott 10/10/2019 – Failing to have a firm grasp on your business’s financial status can significantly hamper your ability to grow. • The vast majority of small businesses handle all of their accounting and bookkeeping on their own. • If you do hire an outside professional, make sure they are either…
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Understanding Small Business R&D Tax Credits
Source: Business News Dailey | Re-Post QBScott 2/26/2019 – Growing a business eventually requires developing new products, technologies, systems and sometimes even industries. This growth is vital not only to the success of your individual company but also to the success of the overall economy, which needs innovation to continue growing. However, innovation requires expensive…
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5 Accounting Tips For Small Business Owners
Source: yourstory.com | Re-Post QBScott 9/11/2019 – As a small business owner, it is very important to know how the accounts of your business work. Good accounting can prove to be extremely beneficial for running a successful business. Thus, it is important to know a few tips for accounting of a small business. The topics…
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