Understanding cash flow is essential for the health and sustainability of any business. Here are a few best practices: • Create and analyze a cash flow statement (monthly). Track cash flow by creating a statement…

By now you’ve probably heard that Intuit QuickBooks will be halting new subscriptions for several popular products this summer. As of July 31, 2024, new subscriptions in the United States will no longer be sold…

With fraud on the rise, it’s important to understand how to best protect yourself and your financial accounts. Here are five ways you can stay proactive to avoid fraudulent credit card and bank charges. Don’t…

All owners understand the #1 rule of business – don’t run out of cash! But whether you’re a seasoned business owner or new to the playing field, this is often easier said than done. One…

Conducting a mid-year review of your business’s books is conducive to a smooth year-end — not to mention, will help you be in a better position for a smoother and more efficient tax season. As…

Pop quiz: Is fraud and embezzlement more common in small or large businesses? Unfor­tunately for small businesses, since they often lack the internal controls that are typically in place at larger organizations, they are more…

If you use a credit card for business transactions, you’re probably recording it wrong. Using a credit card for the bulk of your business purchases these days has become the norm. It’s really convenient, you…

According to the Small Business Administration, 28 percent of companies go bankrupt due to problems with the financial structure of the company. However, many of the problems could have been avoided by establishing good accounting…