Accounting software is the backbone of any profitable business. It’s easy to get lost in the day-to-day running of your company and forget about your finances. But if you aren’t keeping track of expenses, you may miss out on ways to increase profits! After all, a business owner doesn’t just want a good balance sheet;…
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Bookkeeping for your small business can be time-consuming, so here is a quick bookkeeping tip to make life easier. Bookkeeping Tip #2: Keep your business finances separate! No matter how tempting it may be to pay for your personal expenses from your business account or vice versa, DON’T DO IT! What exactly is a business expense? A…
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Being an entrepreneur is often about squeezing all the value you can out of your resources. That means spending only on the essentials, not fluff. Unfortunately, things you consider to be a waste of your money may actually be worthwhile business expenses, just what your start-up needs to survive. Data Analysis Successful business owners make decisions based on good information, not on a whim. As a…
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Did you know that 50% of small business expenses are generated on the go? It’s no wonder the majority of expense receipts end up shoved in coat pockets or an old shoebox. In spite of all of the high-tech options out there, 47% of small businesses are still using spreadsheets for expense management, leaving room…
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