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Accounting Resources for Business Owners

Keeping you up to date on issues impacting your business

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Five Signs you're outgrowing your accounting processes

BY Shelly Lingor ON May 13, 2019

Like most other aspects of your business, your accounting needs change over time. If you started small, you likely used a basic spreadsheet to keep track of income and expenses before investing in a desktop or cloud-based software tool as things got more complex. For most businesses, doing it all in house (whether by the owner or an employee) eventually becomes unwieldy. Here are 5 signs it's...

6 surprising things about starting a new business

BY Shelly Lingor ON Oct 31, 2018

When you’re starting a new business, you’re focused on a great idea. Then, all of a sudden, along comes reality—there’s a lot more to running a business than bringing a great product or service into the market. Here are the most common surprises our new business customers encounter in their first year in business.

Top 7 mistakes that get new businesses into trouble

BY Shelly Lingor ON Oct 17, 2018

Ideally, every business begins by putting some basic processes and structures into place that ensure legal compliance and set you up for long-term success. In practice, so many new organizations start from a less stable place. It’s not uncommon for a business to start growing from someone’s garage, or maybe the founder just doesn’t have the capacity to look into all the administrative details.

How to start a business

BY Shelly Lingor ON Oct 8, 2018

If you’re like most entrepreneurs, you want to start a business because you’re passionate about something. Maybe you’ve found a new way to solve an age-old problem, or you have an incredibly creative and unique product. Maybe you’ve identified a gap in a market you’re dealing with every day and know the best possible way to fill it. Maybe you’re just sick of working for the man!

Does your business have SMART goals?

BY Shelly Lingor ON Jun 13, 2018

If you’ve decided to start a business, you’re going to find yourself focusing on your creative idea—the thing you’re so passionate about doing that you’ve decided to make it your livelihood. That’s where you’re the expert. There are, however, a whole mess of other things you should do if you’re really serious about running a successful venture. A good place to start: SMART goals.

Game of Phone: 5 Great Apps for Entrepreneurs

BY Barbara Jenkins ON Jan 23, 2018

We check our phones about 85 times a day. Chances are, you’re reading this on one right now – or it won’t be long till you check it again. A staggering 70% of internet traffic now comes from mobile devices.

Improve your Odds of Getting a Loan with a Bulletproof P&L Statement

BY Shelly Lingor ON Oct 31, 2017

One of the most important financial statements your small business has is a profit and loss statement. As a start-up, your P&L statement is critical for analytical reasons, but it can also be used to assist you in getting the loan you need to finance your idea. It gives investors a clear overview of your company and what they can expect from you.

How to Get Paid Faster

BY Barbara Jenkins ON Aug 22, 2017

Research suggests more than one-fourth of start-ups fail due to a cash crisis. While profits look appealing on an income statement, cash pays the bills. If you’re struggling to convert your sales into cash fast enough, consider the following ways to get your business paid faster.

4 Big Benefits of Moving Your Business Accounting to the Cloud

BY Barbara Jenkins ON Aug 1, 2017

As a small business owner, one important way to boost your bottom line and pave the way for future growth is by embracing cloud-based applications. Not only are cloud applications for functions such as accounting scalable and affordable, they are often more reliable and more secure than if you tried to install and maintain software on your company’s own computers and servers. Here are four big...