Tag archive for Business Tools - page 3

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Recently we have been discovering issues where our clients are not the master administrator on their software, bank accounts, social media and websites. Some entrepreneurs might think that it is not a big deal, because they trust the person running the software.

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In the last few years, the shortage of accounting professionals has grown tremendously, and many business owners are struggling to find reputable, quality accounting services. Prices for accounting services may have gone up due to this supply/demand imbalance, and they will keep going up for years to come– due to the shortage of accounting graduates and the overall pipeline. It makes sense to explore how to work better with your accountant as they become more and more scarce and in demand.

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Being in business means taking a lot of risks, especially financially, and as an entrepreneur, you deserve to be rewarded for those risks. Your pay is just one of the many benefits of your self-employment. But it’s not like the pay you get as an employee, there is more to just picking a number for salary.

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This is the first report you should be reviewing every month and comparing it to last month and last year. Once your books are reconciled this report can give you good information to make future decisions. Your profit and loss statement reports the total income of your business minus the expenses. It gives you a baseline of the health of your business.

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The key performance indicators (KPIs) you should be looking at depend on your specific goals and objectives. KPIs are metrics that help you measure progress towards your goals, and they can vary widely depending on the industry, company size, and type of business.

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While spring brings a change in the weather for most locations, it also brings a number of opportunities to refresh your products and services. Spring is a great time to boost your marketing campaigns so that you can boost your business revenues.

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Everyone knows how important it is for a business to maintain best practices for company finances. While faults in customer service or marketing can hinder your business, accounting mistakes can stunt your growth and leave your company struggling to survive. 

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Everyone knows how important it is for a business to maintain best practices for company finances. While faults in customer service or marketing can hinder your business, accounting mistakes can stunt your growth and leave your company struggling to survive. 

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Tax time is a stressful time for everyone, not just tax preparers. We talk with many business owners, and the most significant pain point they have is why the financial information doesn’t match what they think it should. If this is you, you are not alone.