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The Major Differences Between In-house Audits and External Audits
Both internal and external audits help organizations ensure that their financial reporting is aligned with accounting principles, that...
Sep 14, 2022


Cash vs. Accrual Accounting: What’s Best for Your Small Business?
As a small business owner, choosing between the cash basis method of accounting and the accrual basis method of accounting to track...
Sep 1, 2022


Basics of eCommerce Accounting
The eCommerce business model is not simple, it involves inventory management, understanding marketing spend, ever-changing digital market...
Jul 21, 2022


Accounts Payable and Accounts Receivable 101
As a business owner, you have probably heard the terms Accounts Payable (AP) and Accounts Receivable (AR). The definition of these terms...
Jul 14, 2022


Common Bookkeeping Mistakes Small Business Owners Make
Bookkeeping is a significant part of any business enterprise. It is known for being a tedious task, mostly because business owners would...
Jun 21, 2022


How Hiring an Accountant Could Save Your Business
According to the Small Business Administration (SBA), 20% of businesses fail in the first year. In addition to this statistic, only about...
Jun 9, 2022


What to Know About Accounting When Starting a New Business
Accounting is the process of recording, maintaining, and communicating financial transactions pertaining to a business. Your small...
Mar 31, 2022


How to Clean Your Accounting Records with These Simple Steps
Running a business is not an easy task. You are managing inventory, employees, customers, marketing, partnerships… the list goes on and...
Feb 23, 2022


Ways to Survive a Cash Flow Crisis
Cash flow measures the net amount of cash and cash equivalents coming into and going out of a business over a set period of time. It...
Feb 3, 2022


Do You Need a Business Credit Card?
As a small business owner, deciding on whether your company needs a credit card can be difficult. You may be concerned about interest...
Dec 14, 2021


Accounting Practices that will Add More Time Back to your Business
We hear it quite often from business owners that they wished they had more hours in the day, or that time is the one thing they wish they...
Oct 21, 2021


5 Ways to Prevent Expense Fraud
The Association of Certified Fraud Examiners (ACFE) defines expense fraud as a fraudulent disbursement scheme in which an employee makes...
Oct 15, 2021


Understanding and Analyzing Financial Statements
Financial statement analysis is the process of analyzing a company's financial statements for decision-making purposes. As a business...
Sep 25, 2021


Budgeting & Forecasting for Small Businesses
A budget is a dynamic, detailed plan of operations used to outline a company’s anticipated revenue and expenses for an upcoming period of...
Sep 23, 2021


Tips on Effective Debt Management for Business Owners
Debt is a necessary part of running a business. A business loan, line of credit or a business credit card can help your company hire new...
Aug 26, 2021


Management Accounting: How to Make Better Decisions and Improve Profitability
Management accounting is the process of identifying, measuring, analyzing, and interpreting accounting information to be used by business...
Aug 19, 2021


Accountant vs Bookkeeper, What is the Difference?
Accountants and Bookkeepers are both professionals who provide financial support, they are both a foundation to ensure that you have the...
Apr 27, 2021


Outsourcing Accounting
Outsourcing accounting services bring many benefits to business owners. According to The Outsourcing Institute, businesses choose to...
Apr 27, 2021


Healthcare Financial Management - What’s in Store in 2021?
The changes for healthcare in 2020 were significant and many. As a CFO, if you’re feeling a bit exhausted by change, you are not alone....
Feb 18, 2021


Revenue Recognition: An Introduction for Small Businesses
How much revenue did your business earn this month? That answer may vary depending on whether you have implemented the new revenue...
Jan 21, 2021