A lot of small companies have a staff or family member without any type of accounting or bookkeeping experience do their books, which seems cost-effective, but can be a bad decision in the long run. The money you are “saving” could actually be costing you. What Can Go Wrong It doesn’t take much for a […]Read More
Many people with as little as one bookkeeping course keep small company books, but professional booking services offer much more. Bookkeeping firms manage account records, produce financial reports, and monitor revenue, spending and invoices. They analyze documents to make sure accounts are current and accurate. They also make sure you are ready for tax season. […]Read More
There’s a cloud-based bookkeeping software that’s much easier to learn and use than Quickbooks: Xero. You can customize its dashboard, which is nicely organized, user-friendly and easy to navigate. Your display can include bank balances, an Account Watchlist (which shows places you’re spending the most) and what bills need paying soon. Everything to do with […]Read More
Business owners often think it is less expensive to do their own financial record-keeping, but that is seldom the case. Here are some reasons why: Time is money. Hours you spend tracking sales, classifying expenses, reconciling accounts, recording payments and creating monthly reports could be spent serving your customers, and for other revenue generating activities. […]Read More
Bookkeepers manage client accounts, produce financial reports, and monitor revenue, spending and invoices. They analyze financial documents to make sure accounts are current and accurate, using specialized software, spreadsheets and other tools. Businesses of all sizes do their own bookkeeping, while many others hire outside help. Professional bookkeeping services often have a niche, such as […]Read More
Restaurateurs are good at running restaurants. What they are less skilled at is managing the books for their store. In order to keep the books like a well oiled machine, 5 things are necessary. 1. Chart of Accounts 2. Point of Sale 3. Payroll 4. Cash Control 5. Inventory Count 1. Chart of Accounts: First […]Read More
Over the past 5 years, the food delivery industry has grown by 20% making it a $100 billion-plus industry. The food delivery trend is here to stay, and many restaurants, big and small, are looking to grow their customer base to new and regular customers who prefer to stay in. Not sure where to start […]Read More
It’s not a secret that most restaurants produce large amounts of garbage and use large amounts of water and energy. But consumers are starting to become more environmentally conscious, worrying about global warming and pollution. A study done by Purdue University found two thirds of today’s restaurant customers are willing to spend more if a […]Read More
In the technology community, the lean startup model is a common strategy used for new businesses. According to The Lean Startup, the lean startup method provides a scientific approach to creating and managing startups and get a desired product to customers’ hands faster. In lean terms, inexpensively creating a product that can be tested with […]Read More
You may be spending the majority of your time focusing on marketing or sales to grow your business, however, analyzing your financial information is the best way to gain insight into your business and set future goals. But how can you use the numbers in those financial statements to grow your business? Your profit and […]Read More
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