Small Business Accounting

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…

Source: Small Business Trends | Repost QBScott 6/22/2022 – Small businesses need to ask important questions, such as ‘What is the difference between bookkeeping and accounting?’ The bottom line is both are needed to corral financial records and understand them. Critical financial decisions get made based on the different approaches. And the results from accounting…

Source: Entrepreneur | Repost QBScott 2/9/2022 – One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which should be a part of the financial model in your business plan, categorizes your assets (everything you own), your liabilities (everything you owe)…

Source: Entrepreneur | Repost QBScott 4/8/2021 – Entrepreneurs need to draw on a wide variety of skills to succeed. In the course of a single day, you may wear 10 or more different proverbial “hats.” In other words, you may take on 10 or more different responsibilities throughout the day. On top of that, you’ll…

Source: Home Business | Repost QBScott 2/11/2021 – Running a small business often means that in order to save money, you need to do a lot of the tasks that come with business ownership by yourself. However, certain tasks are always best left to the professionals, especially accounting. While there are several accounting software tools…

Source: Fundera | Repost QBScott 1/28/2021 – Maybe you’ve just started your business, and you’re wondering if you need to hire an accountant. Or perhaps you’re still in the planning stages of a new venture, and you’re deciding whether or not you need someone dedicated specifically to your business’ accounting, before going all in. If…

Source: Forbes | Repost QBScott 7/16/2020 – During the initial phases of the pandemic-related shutdowns, a Goldman Sachs small-business survey found 51% of small-business owners could operate for only zero to three months during the quarantine period. A survey from May found that at least 2% of small businesses had closed permanently due to Covid-19.…

Source: smallbiztrends.com | Repost QBScott 2/13/2020 – Entrepreneurs need to have strong leadership qualities in order to manage employees, communicate with customers, and outline a clear vision for their company. There are plenty of different styles and aspects that go into being a good leader. So here are some various insights from members of the…

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…

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…

Posts Tagged ‘Small Business Accounting’

How to Manage Accounting for Small Businesses

What is the Difference Between Bookkeeping and Accounting?

Use a Balance Sheet to Evaluate the Health of Your Business

Why Accounting Skills Are Indispensable For Entrepreneurs

9 Reasons You Should Hire an Accountant for Your Small Business

Does Every Small Business Need An Accountant, Or Can You Sometimes Wing It?

How Small Businesses Can Assess And Protect Their Finances As Economies Reopen

10 Insights to Help You Become A Better Small Business Leader

21 Ways An Accountant Can Help a Small Business Owner

5 Accounting Mistakes That Cost Small Businesses Significant Growth