There are many things a small business owner must focus on including keeping track of the company finances. This article from business.com highlights many of the challenges about keeping the books and how to best overcome them. Please enjoy the article and email me at firstname.lastname@example.org with any questions you have.
Source: business.com | Re-Post Scott Meister 11/28/2018 –
Small business owners face a number of challenges every day, and accounting is a big one. Here’s how to stay on top of your finances as an entrepreneur.
As a small business owner, you need to wear several hats. Your tasks will range from marketing your brand to hiring the right people to maintaining relationships with your customers. You’ll also need to keep track of your profits and business accounting.
Accounting is probably not your passion, but keeping your books organized is crucial for your small business. Accounting is the language of business that speaks about financial growth. It translates numbers into a comprehensible statement about business profitability.
Typically, accounting involves the process of recording, summarizing, analyzing and recording of financial transactions of a business. This can be difficult in itself, but there are other common financial obstacles small business owners must overcome. Here are some of the top accounting challenges entrepreneurs must deal with, and how to overcome them.
Author: Scott Meister, CPA
I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com.
Certifications include: Certified Public Accountant (CPA) | Certified Bookkeeper (CB) | Advanced Certified ProAdvisor for QuickBooks Desktop | Advanced Certified ProAdvisor for QuickBooks Online | Certified ProAdvisor for QuickBooks Enterprise | Certified ProAdvisor for QuickBooks Point Of Sale