With the frequency of natural disasters, mass shootings and cyber threats, it’s important that your business is ready if it faces its own disaster. According to Liberty Mutual Insurance, most small businesses don’t have formal disaster…

Governor Murphy has signed into law provisions that give employees more time off, more ways to qualify, and more compensation under the Family Leave Act and Family Leave Insurance. The laws also impact more businesses…

Here are three warning signs you may be headed for a cash crunch, and tips to avoid them: 1. Receivables aren’t being collected fast enough. When customers don’t pay on time, your cash balance suffers….

Employee theft happens frequently enough for it to be a concern of every business. It makes no difference whether your business is a one-employee medical office or a forty-employee retail outlet. Absentee business owners should…

How to effectively use your bad debt allowance When your business extends credit to customers who don’t settle accounts, their debt becomes bad debt. For businesses using the accrual basis method of accounting, establishing the…

Your bookkeeping system is the financial heart and lifeblood of your business. When set up and operating properly, your books help you make smart decisions and seamlessly turn your financial data into useful information. Here…

Your business’s ability to retain customers is one of the most important components to sustain growth and profitability. Here are the three retention questions every business owner should be able to answer: What percentage of…

Even the best, well-prepared business plans can unravel quickly without a process in place to evaluate performance. Creating a scorecard with quality metrics can give you the daily insight you need to successfully run a…