Financial literacy is the ability to understand and effectively use a variety of financial skills. Examples are money management, budgeting, investing, etc. According to Investopedia, people who are financially literate are less vulnerable to financial fraud and are more likely to achieve certain life goals such as saving for big life events, using debt responsibly, […]
Business owners have a lot of accounting to juggle. You are responsible for bills of the business, payroll, accounts receivable, accounts payable, receipts, miscellaneous items, and much more. It’s vital for businesses to keep good records, and QuickBooks is a software that is used often by business owners. While QuickBooks is commonly used, there are […]
It’s the end of the year, and you are reviewing your year’s bottom line while simultaneously focusing on next year’s goals and projections. After a lengthy discussion with your team, it’s been determined that prices for your goods and/or services will increase. It’s never an easy conversation to have, but there are ways to ease […]
When it comes to running a business, especially a small business, every penny counts. It is important to regularly evaluate the expenses of your business. Your business has essentials that it needs to function, but trimming the fat and streamlining expenses can greatly help your bottom line. Overtime If you have hourly employees, it is […]
Though it may be on a keyboard or an iPad instead of a typewriter, effective writing is key for anyone in business. As a business professional, it is important to be able to clearly communicate with your potential customers or clients. All written communication should convey your thoughts, opinions, and data in a way that […]
Hiring is no easy task. When you a global pandemic and economic hardship on top of that, it doesn’t get any easier. If your company has availability and is looking to hire in the near future, you can certainly expect to receive dozens of resumes flood in for one opening. It can be tough to […]
We often find that business owners wear many hats: operations, marketing, HR, salesman, accountant. It takes a lot to get a small business off the ground, and implementing good accounting practices from the beginning can make that process even easier. However, one must be extra careful when it comes to keeping up with their business […]
When you consider starting a business, there are multiple things to consider in determining how the business will operate. One of the first things to consider is whether you will maintain your payroll function in-house, or hire a third-party firm to provide those services. We understand that, first and foremost, your budget is crucial in […]
What businesses should consider before returning to work in the ‘new normal’ The COVID-19 pandemic has become the message in most of our conversations, television screens, and now for some businesses, it has become a part of a new routine and set of precautions. As non-essential businesses prepare to reopen, there are a few things […]
Right now, we are in all in a strange place as far as what life looks like. Routines are all over the place, nothing looks as it did a few weeks ago, and businesses and personal finances are nothing short of difficult or stressful. Overall, everyone is still adjusting to what seems to be a […]