Category: DIY Accounting

The Guide to Cash Flow for eCommerce and Online Businesses

The Guide to Cash Flow for eCommerce and Online Businesses

Posted on November 20th, 2018 in Accounting, DIY Accounting, Money Management, Scaling & Business Growth, Small Business, Uncategorized

According to a U.S. Bank study, 82% of businesses fail due to poor cash flow management skills or poor understanding of cash flow. These small businesses don’t make it to their fifth year because they don’t even know they have cash flow problems. Most business owners don’t understand how to properly manage cash flow, so […]

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5 Dangers of DIY Accounting

5 Dangers of DIY Accounting

Posted on September 6th, 2018 in Accounting, DIY Accounting, Entrepreneurship, Money Management, Processes & Procedures, Scaling & Business Growth, Small Business, Startup Business

Right now, the whole DIY thing is a huge trend. People are making their own farmhouse tables, home décor, skincare products, and accounting… wait? that sounds out of place. That’s because it is, you shouldn’t try to do your own accounting if you have no experience with it. While you might be able to get […]

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Bookkeeping vs. Accounting: What’s the Difference?

Bookkeeping vs. Accounting: What’s the Difference?

Posted on March 12th, 2015 in DIY Accounting, Money Management, People & Hiring

One of the most common questions we hear from clients is, “What’s the difference between bookkeeping and accounting? Is there a difference at all?” The answer is yes, there’s a big difference. Accountants are able to provide a wider range of financial services. They can implement accounting software and modify accounting processes that have long-term […]

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