Monthly bookkeeping tasks – what monthly bookkeeping tasks should beginners complete?
Over the month, you should reconcile bank and credit card accounts, categorize income and expenses, record receipts, issue and follow […]
Cash flow problems – what common cash flow problems do businesses face and how do you fix them?
Just because sales look healthy doesn’t mean cash is flowing: you may struggle with late customer payments, poor forecasting, excess
Profitability ratios – what profitability ratios should every owner know?
There’s a set of profitability ratios every owner should know to measure how effectively your business converts revenue into profit
Document retention rules – what document retention rules apply to business records?
Most businesses must follow specific document retention rules that determine how long you must keep financial records, tax documents, employment
Profit vs revenue explained – what is the difference between profit and revenue explained simply?
Many business owners and managers confuse revenue with profit, but you need to know the difference: revenue is all income
Pricing strategy small business – how do you build a pricing strategy small business owners can rely on?
Strategy sets the framework for pricing by balancing costs, market positioning, customer value and growth targets; you build a reliable
Roi explained – what is return on investment, roi explained simply?
Most of what you need to know about return on investment (ROI) can be understood through a simple formula and
Cash inflows vs outflows – what is the difference between cash inflows vs outflows?
You must distinguish cash inflows-money entering your business from sales, investments, or financing-from cash outflows-payments for expenses, purchases, and debt
Reduce business expenses – how can you reduce business expenses without cutting quality?
Just because you want to lower costs doesn’t mean you must sacrifice quality; you can systematically audit spending, renegotiate supplier
Irs recordkeeping requirements – what are the irs recordkeeping requirements you must follow?
There’s a set of IRS recordkeeping requirements you must follow to substantiate income, deductions, and credits: retain receipts, canceled checks,