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  Accounts Receivable

In our previous blog, we talked about the second ingredient that you, as an SMB owner, should consider when reviewing the financial reports for your business – which was ‘Tracking Expenses.’ Now in this blog, we will delve into read more...

  Tracking Expenses to Keep Track of the Expenses in Your Business

In our previous blog, we talked about the first ingredient that you as an SMB owner should consider when reviewing the financial reports for your business – which was ‘Profits’. Now in this blog we will delve in detail read more...

  Profit is the Bottom Line to Plan for in the Beginning

In our previous blog, we discussed why it is important for a business to create financial reports. We also talked about 5 important ingredients that any SMB owner should consider while preparing the financial reports for read more...

  Financial Reports: Important Numbers to Grow Your Business

Which are the most important numbers to know to monitor the health of your business? How important is it really to create financial statements every single month? read more...

  FASB’s New Standard Aims to Improve Nonprofits Financial Reporting

After more than three years of debate and revision, the 20-year old reporting model for nonprofits is being replaced with a new and improved Accounting Standards Update (ASU). ASU 2016-14 presentation of financial read more...

  How SMBs Can Improve Their Balance Sheet

A balance sheet is like a thermometer for SMB owners that provides a reading on the health of their business and ignoring it can be fatal to a business as it records all the assets, debts and shows the ‘net worth’ of the read more...

  Top 3 Common Payroll Compliance Errors made by SMBs

SMB owners are often so focused on growing their business that they neglect an important issue – payroll compliance. From payroll and benefits to hiring processes, employee relations and risk and safety, SMBs must read more...

  Top Financial Issues SMBs Continue to Face and How to Fix Them

Countless unexpected issues can pop up for SMB owners that create seemingly overwhelming challenges – many of them financial in origin. The most common issues faced by SMBs are: maintaining a positive cash flow, not read more...

  The Top 4 Pain Points of Growing Childcare Business

If you are like most childcare owners, you started your business because you love kids and have a passion for providing a safe and loving place for families to bring their kids. And, if you are like those same people, you probably read more...

  4 Ways to Conquer Major Accounts Receivable Challenges for SMBs

Accounts receivable is perhaps the most critical process for SMBs to conquer as its improper management could lead to unhealthy cash flows. There are several challenges that SMBs encounter during their accounts receivable read more...

   Tips for an Efficient & Successful Month-End Close for SMBs

The monthly financial close process is a daunting task for many small and medium businesses (SMBs), as it consumes many hours to double-check data and formulas, fix mistakes and consolidate multiple spreadsheets into read more...

  Top Three Challenges Facing Retail Industry

Retail is one of the fastest growing and most competitive sectors these days. Although, managing a retail store looks like a simple concept of buying from a manufacturer or a wholesaler and selling the goods at a profit to the end consumer. read more...

  Hallmarks of a Good Payroll Process

Payroll processing plays a vital role in every business – no matter how big or small it is. Managing the payroll process effectively is truly complex as it requires knowledge of current taxes and regulations, an well-structured read more...

  Best Practices for SMBs to Streamline their Audits

“Audits” are usually considered a monumental undertaking for small and medium business (SMBs) owners. However, audits plays a critical role in helping to evaluate the effectiveness of a company’s internal controls, availability read more...

   Five Things You Can Do Now to Make Yourself a Hero Before Your Next Audit

We are approaching the time of year when nonprofit organizations with a June 30th fiscal year end are thinking about either an external audit or about submitting a final report to contributors, boards of directors and lenders read more...

   Financial Reporting Challenges SMBs Face!

For any business whether small, medium or big, the significance of financial reporting cannot be underestimated – it provides information about the financial position and changes in the financial situation of a business. read more...

   Major Payroll Challenges Faced by SMBs

Managing payroll is a task that demands a great deal of attention and even a minor error in its processing can result in significant monetary losses for a business. Further, compliance issues, employee regulations and frequent changes read more...

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