Business Accounting: The Cash vs. Accrual Methods
When it comes to keeping track of a company’s revenue and expenses, there are two methods you can use: the cash method and the accrual method. In most cases, you’ll have the freedom to pick which...
The Top 5 Cash Flow Challenges Small Businesses Face
If there’s one thing that can doom a small business, it’s poor cash flow. One in four small businesses won’t make it out of their first year, primarily because of cash flow issues. More than half...
An Accurate Valuation is Critical When Selling Your Business
Most small business owners know their company inside and out—that is, except for one important piece of information: how much their company would be worth if they put it up for sale. The process of...
The 5 Most Common Small Business Financial Mistakes (and How to Avoid Them)
Small business owners must wear a lot of different hats, as they are often heavily involved in nearly all aspects of a company’s operations. However, not all business owners have the background...
Getting to Know the SBA’s Loan Programs
For small businesses seeking the access to capital they need to grow and expand, the U.S. Small Business Administration (SBA) offers a variety of loan programs with advantageous terms and...
How to Tell if Your Business Needs an Outside CFO
There comes a time for every growing business when the owner is no longer able to take on all of the tasks associated with running the company alone. This is especially true on the financial side...
Writing Your First Business Plan: A Quick Guide
When you decide you are going to start your own company, one of the first steps you must take is to prepare a business plan. This document provides a roadmap for the first several years of your...
Top 3 Accounting Issues Startups Must Address
If you're preparing to start a new business for the first time, you may not realize just how many hats you're going to be wearing in the early startup phase of a company. As a startup you’ll...
Choosing the Right Business Entity for Your Startup
One of the very first decisions you will need to make when starting a business is the type of structure under which it will operate. Your company’s legal structure will affect it in many ways,...
The Importance of Sound Bookkeeping for Your Business
Bookkeeping—it’s what no business owner wants to spend their nights and weekends doing. However, we cannot understate the importance of proper bookkeeping when it comes to your small business....