Posts Tagged ‘Small Business Accounting’
Use a Balance Sheet to Evaluate the Health of Your Business
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)…
Read MoreWhy Accounting Skills Are Indispensable For Entrepreneurs
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…
Read More9 Reasons You Should Hire an Accountant for Your Small Business
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…
Read MoreDoes Every Small Business Need An Accountant, Or Can You Sometimes Wing It?
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…
Read MoreHow Small Businesses Can Assess And Protect Their Finances As Economies Reopen
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.…
Read More10 Insights to Help You Become A Better Small Business Leader
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…
Read More21 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…
Read More5 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…
Read More5 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…
Read More9 Accounting Tips For Small Business Owners
Some business owners love going over their books. That way they can see how well the business is doing. Others do not like dealing with the numbers and can get more caught up in the day to day business operations. In doing so, they may neglect their bookkeeping. Whether they love it or hate it,…
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