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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Signs You Might Be Outgrowing Your Accounting System

Posted on 13. Feb, 2017 by in QuickBooks, Services, Small Business Tips

If you’re struggling with your accounting system, it might be a sign that you’re ready for something new.  Perhaps your company has grown so much that it’s outgrown its older accounting solution.  Here are several indications to look for that justify moving to an accounting system with more features and scalability. User Permissions Some companies […]

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Cool Apps: Google Forms

Posted on 09. Feb, 2017 by in Marketing Tips, Services, Small Business Tips, Social Networking

Do you ever need to collect information from your customers?  There are many ways to do it: a form in Microsoft Word®, a fillable PDF, and a Web form are all very common.  Less common but slicker than the rest is the option of using Google Forms. You’ll need a Google ID, and most people […]

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Reminder: It is Tax Scam Season Too

Posted on 06. Feb, 2017 by in Bookkeeping Articles, Small Business Tips

Imagine you receive a call from an IRS agent who says you owe back taxes and threatens to arrest you if you don’t immediately make a payment over the phone. Thousands of Americans faced this situation in 2016, though the people on the other end of their phone lines weren’t actually from the IRS. They […]

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Is There Really a 4-Hour Workweek?

Posted on 19. Jan, 2017 by in Marketing Tips, My Favorite Things, Small Business Tips

Tim Ferriss made the 4-hour workweek a popular concept in his 2007 book.  But is there such a thing, and more importantly, can business owners like you and me cash in on it?  As the last of the Baby Boomers approach retirement, the topic of working less while making the same or more income is […]

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Do You Know Your Small Business Vitals?

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

On a doctor’s visit, the first thing the nurse does is take your vitals:  your temperature, blood pressure, pulse rate, and respiration rate.  These basic measurements are the first place doctors look to see if something is wrong with our health. Knowing your vital signs, and especially when they are out of whack, is good […]

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Boost Your Accounting Know-How with These Terms

Posted on 12. Jan, 2017 by in Uncategorized

Outsmart your accountant and other financial friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1 through December 31.  Some companies use a different year for reporting, and that’s called a fiscal year.  For example, Intuit’s fiscal year runs from August 1 to July 31.  A […]

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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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Start the New Year with a 2017 Profit Plan

Posted on 06. Jan, 2017 by in Bookkeeping Articles, Small Business Tips

Are you ready for 2017 to be even better than 2016?  If so, take a few minutes to reflect on the questions below and take action to set your 2017 profit plan.   Question 1:  What were the three best business things about 2016? No need to re-invent the wheel.  If you knocked it out […]

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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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