Make New Years Resolutions to Improve your Small Business Profitability

Many people scoff at New Year’s resolutions. It’s no mystery why — these self-directed promises to visit the gym regularly or read a book a month tend to quickly fade once the u...

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Basic Bookkeeping Tips and Tricks for Startups

Taking charge of your own critical business numbers - and maintaining your own books - is a tedious and daunting task that very few business owners are eager to do. In fact, a lot of small busines...

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Small Business Bookkeeping Quick Guide: Easy Steps To Success

Basic bookkeeping for small business is a necessary obligation for entrepreneurs wanting to be successful in business. If you don't have a clear financial blueprint, can you measure th...

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9 Essential Bookkeeping Practices For Small Business

9 Essential Bookkeeping Practices from FAS As a small business owner, you should always be on top of your business health and these nine essential bookkeeping practices is a great ...

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3 Reasons why Keeping Accurate Records is a Must for your Business

Have you ever had that experience when your books were a mess that it took you longer to get your taxes in order? Or perhaps there was once a time when you were surprised - and pressured - by the ...

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3 Major Financial Statements Your Business Should Have

At the end of every financial year, every business must prepare three major financial statements: Income Statements Cash Flow Statements Balance Sheets If you a...

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5 Small Business Bookkeeping Pains That Need Qualified Temporary Staff

Most small businesses need to think about outsourcing bookkeeping staff to help with their biggest challenges and stay in the game, keep their business healthy, as well as grow profitably. ...

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7 Bookkeeping Mistakes You Should Never Make

You should not ignore this warning: never make these top seven bookkeeping mistakes. Those that did, probably joined the 90% population of small businesses that failed. Repo...

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How Simple Bookkeeping Mistakes Cripple Dental Clinics in the US

Many dentists keep making simple bookkeeping mistakes and they don’t get help from a qualified dental bookkeeper. A growing dental clinic could be one step away from bankruptcy as so...

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Petty Cash Risks and Controls Best Practices Preventing Small Business Fraud

You may not know it, but your small business could be losing to fraud if you don’t have internal control procedures for petty cash. You will always have petty or small expenses, in w...

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Cutting Costs When You Have Gone Over Budget

Year end can’t get here soon enough for some business owners — especially those whose companies have exceeded their annual budgets. If you find yourself in this unenviable position, y...

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10 Tips to Achieve a Stress-Free Year-End Financial Closing and Tax Preparation for your Medical Practice

It’s the most wonderful time of the year! Christmas is just right around the corner, so we start shopping for gifts, planning what to prepare and cook for the...

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Warning: 5 Ways Incompetent Bookkeepers Can Ruin your Business' Financial Records

We can guarantee you that bookkeeping done wrong could cost you closing down your business. That’s a fact and not something made up to sell a service. The most importa...

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The Secrets of Budgeting: 6 Steps to Develop a Perfect Budget Plan for Your Non-Profit Organization

Budgets are a major part of every organization’s plan and it should always be prepared well in advance to take control of your financial future. A well-planned budget provides...

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Not Necessarily a Luxury: Outsourcing

For many years, owners of small and midsize businesses looked at outsourcing much like some homeowners viewed hiring a cleaning person. That is, they saw it as a luxury. But no mor...

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Big Data Strategies for Every Business

You’ve probably heard or read the term “big data” at least once in the past few years. Maybe your response was a sarcastic “big deal!” under the assum...

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Meals, Entertainment, and Transportation May Cost Businesses More Under The TCJA

Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain bus...

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Don't Do These 8 Things If You Want to Have a Healthy Cash Flow for Your Business

We all want our business to have continuous success and as an entrepreneur, we will do our best to achieve it. But even if we are doing our best, we cannot deny that everyo...

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How to Feel Secured: 5 Questions to Ask Before Hiring Your Next Outsourced Bookkeeping Service Firm

As a business owner, you would want your bookkeeping tasks done right and nowadays outsourcing these tasks are an ideal and cost-effective solution. Outsourcing bookkeeping tasks give...

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Business Interruption Insurance Can Help Some Companies

Natural disasters and other calamities can affect any company at any time. Depending on the type of business and its financial stability, a few weeks or months of lost income can ...

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What Every Non-Profit Must Have for Financial Stewardship and Accountability

Non-profit organization serves in a unique position. They must accurately share information with the public about their governance, finances, and operations. They are accountab...

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What You Don't Know Can Hurt You: How to Avoid Trust Account Violations for Lawyers

Since the old times when law is practiced in the early civilization, people entrusted their money and property to lawyers and with that comes the duty to account. The legal s...

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Your Construction Business May Not Be Doing as Well As You Think Due to Inaccurate Financial Information

Do you ever wonder why despite the number of continuing projects you are working on your company is still not profitable? Understanding the key factors that drive the profitability of your ...

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4 Cost Centers That Every Medical Practitioner Must Monitor & Control to Be Profitable

In this present time where the competition for various industries gets stiffer, even in the medical field, it is imperative that practitioners are aware and knowledgeable of effective...

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It's Time to Get More Creative with Retirement Benefits Communications

Employees tend not to fully appreciate or use their retirement benefits unless their employer communicates with them about the plan clearly and regularly. But workers may miss or ign...

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7 Quick Ways to Avoid Common Bookkeeping Mistakes for Nonprofit Organization

Did you know that all Institution- profit or nonprofit, big or small has their own exasperating bookkeeping troubles? So, no need to feel uncertain i n learning how to keep your recor...

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7 Ways To Prepare Your Business For Sale

For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. Others simply sell the bus...

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4 Common Financial Mistakes You Should Avoid for The Benefit of Your Medical Practice

Establishing your own medical practice is a daunting task. However, the jump to being ‘your own boss’ gives you the sense of ownership and gives you more freedom to deter...

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Building A Sales Prospect Pipeline for Your Business

An old business adage says, “Sales is a numbers game.” In other words, the more potential buyers you face, the better your chances of making sales. This isn’t comple...

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Infographic: Under the New Tax Law You Can't Deduct Hobby Expenses

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Do You Make These 4 Common Construction Bookkeeping Errors?

Bookkeeping challenges are present on all small businesses. Any business can encounter difficulties while doing this challenging, but very important tasks. It could vary from as simpl...

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Home Vs. Away: The Company Retreat Conundrum

When a business decides to hold a retreat for its employees, the first question to be answered usually isn’t “What’s our agenda?” or “Whom should we invi...

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4 Tips on How to Avoid Common Pitfalls of Bookkeeping for Legal Firms

It is undeniable that bookkeeping is a necessary task to operate a successful legal firm but lawyers would rather spend their valuable time helping clients rather than doing bookkeep...

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Tips on Costs Reduction That Every Non-Profit Organization Should be Aware of

A Non-Profit Organization NPO with a primary mission for the betterment of the society has its benefits and disadvantages, but let’s concentrate on the bright side. Wh...

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L.E.A.R.N. to Earn: How Can Medical Firms Cut Costs

According to Medscape’s 2017 Physician Compensation Report, average income for all physicians has risen steadily since 2011. However, the costs of maintaining a medical pr...

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Tips on How to Reduce Your Law Firm's Overhead Costs

Most of the time, law firms invest time and money on creating a sound marketing plan and team to gain more clients and maximize their cash flow. There are times where it works, but ...

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