Common Mistakes When Buying or Selling a Business

Posted on 31. Jul, 2017 by in Bookkeeping Articles, Small Business Tips

It is said with every major purchase there’s some kind of remorse either on the part of the buyer or the seller. This can be especially true when buying or selling a business. No matter which side of the negotiating table you sit on, there are some critical areas that could leave you with feelings […]

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10 Signs a Small Business is Struggling Financially

Posted on 16. Feb, 2017 by in Bookkeeping Articles, Small Business Tips

An article posted on CPA Practice Advisor talks about the signs to look for that may signal your small business may be struggling financially. Small businesses face many financial hurdles. Whether due to an industry that is seasonal in nature, or because of aging accounts receivables, businesses can find themselves facing problems with cashflow, debt, […]

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How Understanding Assets vs. Expenses Can Make You Rich

Posted on 09. Jan, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end.  Spending on one can make you rich and spending too much on the other can leave you broke.  An expense is money you may need to spend, but after a year, there is nothing lasting to show […]

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How to Read Your Balance Sheet

Posted on 04. Jan, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

The Balance Sheet is an important report in your business’s financial statements.  Most small business owners are unsure of what all of the numbers mean on this report, so let’s see if we can shed some light on what they mean. A Summary of Balances One big characteristic of a balance sheet is that it […]

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How Understanding Assets vs. Expenses Can Make You Rich

Posted on 09. Jun, 2015 by in Bookkeeping Articles, CEO Tips, QuickBooks, Small Business Tips

Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end. Spending on one can make you rich and spending too much on the other can leave you broke. An expense is money you may need to spend, but after a year, there is nothing lasting to show […]

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The Short and the Long of It

Posted on 22. Apr, 2015 by in Bookkeeping Articles, Small Business Tips

The balance sheet is one of the main financial reports for any business. Among other things, it shows what a company owns, what they owe, and how much they and others have invested in the business. One of the characteristics of a balance sheet is how it separates what you own and what you owe into […]

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