Your business budgeting is often the difference between getting what you want and failing. Budgeting is an essential life skill. Failing to manage your money well could lead to unnecessary stress and anxiety. In business, budgeting is just as important – perhaps even more so. With the stakes being much higher, the consequences of poor […] Read more “Top 5 Mistakes in Business Budgeting”
Category: Accounting
Critical metrics will tell the story of the health of your business. But these metrics are not often the first priority for businesses. Entrepreneurs are known for their vision. They’re the idea people. The big picture thinkers. Some are also gifted with business acumen and have the strategies for promoting their business and bringing in […] Read more “5 Critical Metrics to Determine Financial Health”
Accounting is often seen as mundane and painful. However, in today’s world, apps provide the efficiency needed to maximize financial intelligence. Instead of a bunch of paper and spreadsheets, modern accounting provides dashboards and reports to help your business grow. With a solid financial intelligence, your business: Better handles times of adversity and uncertainty Makes […] Read more “7 Apps to Maximize Financial Intelligence”
During times of uncertainty, the worst thing a business can do is sit back and wait. Learn how to stay proactive and make financial decisions even while facing an unknown future. Read more “How to Plan During Times of Uncertainty”
The coronavirus is wreaking havoc on the United States economy. In just 4 weeks, over 22 million people have filed for unemployment. This week, millions more are expected to file as well. The good news is that the federal and state governments have stepped in to help. The government imposed stay-at-home orders and it is not the […] Read more “How and Where People File for Unemployment in Illinois, California, New York, Wisconsin, Indiana, and Ohio”
Credit cards are an integral part of American life. Some consumers use credit cards for every purchase. In fact, the average American now has 4 credit cards. Due to its individual popularity, credit card ownership extends to businesses as well. Two out of every three small businesses have an active credit card. These businesses account for roughly […] Read more “Startups -What Are the Pros and Cons for the Chase Ink Business Preferred Credit Card vs. Brex Credit Card”
The balance sheet came into being all the way back in the 15th century when Italian monk Luca Pacioli gave the standard accounting system an overhaul. Now, balance sheets are an accepted and required financial statement. If you are a business owner or founder it is essential that you understand and know how to read a balance sheet. Balance […] Read more “For Business Owners Only: What Does Your Balance Sheet Tell You?”
The emerging Software as a Service (SaaS) industry is quickly gaining ground within the greater cloud services market. To date, it generates more than $46 billion annually, and that number is expected to grow to $70 billion by the end of 2020. If you’re a SaaS business leader dependent on customer contracts, you know how important revenue […] Read more “SAAS Companies Looking to Recognize Revenue Properly? A Product Review of Chargebee.com”
The headache of sorting through receipts, having your boss hound you for every penny you spent on the road and dealing with frustrating tax laws is something all of us can relate to. These days, there is an app for anything. Expensify is the app that can solve these problems for your business! In this […] Read more “How to Use Expensify to Make Tracking Your Expenses a Breeze”
Are you starting a small business and unsure of how to handle your bookkeeping and accounting records? This is definitely a common challenge for many small business owners yet it is a vital aspect of running a business. One question you might have about this subject is whether you should use the cash basis vs […] Read more “Cash Basis vs Accrual Basis Accounting: What’s the Difference?”
When starting a small business, one of the biggest decisions that a startup has to consider is where to bank. Banks have their appealing factors, but many of the best banks are suited for larger businesses – thus excluding the startup altogether. Luckily, there is one bank that has been tailored specifically for small businesses […] Read more “5 Reasons Small Business Owners Love Mercury Bank”
One of the biggest problems startups face (amongst other things) is financial management. Having a great idea for a business is just one part of the equation, after all. Not only do you have to be innovative, but you also have to manage all parts of your company meticulously to ensure it doesn’t fail. When it […] Read more “What Is First Republic Bank and Why Is It Great?”