Whether you are just starting out, or have been managing your business for a while or more, revenue forecasting is something that you can’t afford to not do, regardless of how small or large your business is. We all have heard about strategic planning and when to hire...
Outsourcing a company’s accounting services, or in other words, utilizing a virtual back office solution, is becoming a common practice among businesses in the United States. A majority of small to medium-sized enterprises and big multinationals are beginning to...
About one-third of small businesses fail within the first five years. There are lots of reasons why a seemingly healthy business can go under, some of which may be outside the business owner’s control. But there are also some very common (and very avoidable)...
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...
Have you ever heard the boiled frog metaphor? It goes like this: If you’re trying to cook a live frog and you put it right in the boiling water, it will just jump out. But if you put the frog in a pot of cold water and bring it to a boil slowly, the frog...
In a tough economy, there’s one question on every business owner’s mind: How can I save my business money? In this article, we will cover seven crucial money-saving strategies to help you cut expenses, save your business money, and “tighten your belt.” 1. Take...