small business accounting

Bookkeeping is one of those tasks that small business owners love to hate. It’s a necessary evil; keeping on top of your books provides a number of benefits, but the lure of those benefits often simply doesn’t outweigh the tedium. So, for many small business owners, small business accounting updates happen once a year – in the mad scramble to get your taxes prepared.

Falling behind on your bookkeeping creates a number of problems. You need to understand the consequences of falling behind and take action today to get on top of your books and stay on top of them.

Here are some reasons you don’t want to get behind on your small business accounting:

• You Simply Don’t Know Read more →

Your small business runs on the principle of efficiency. You work hard, and you do what you can to make sure everything goes smoothly. You provide a quality product or service to your client, and you accept a reasonable fee for doing so.

Yet, there are some aspects to running a business that business owners just seem to get wrong. Most of us aren’t accountants, for example, which means we make lots of accounting mistakes.

Fortunately, there are some things you can do to identify those mistakes, and to keep them from happening. Here are some of the most common small business accounting mistakes:

1.Doing it yourself. Some business owners have a background in accounting, or they’re in a business … Read more →

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