As a business, your livelihood depends on getting something in return for the products or services you are providing to others. While we safely assume that once we send out an invoice a payment will arrive shortly after, this is seldom the case. A common frustration is that once these invoices go out, payments are either habitually late, or worse, non-existent.
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Do-it-yourself accounting weakens the financial accuracy of your business when it comes to in-depth analysis of performance, tax breaks, and more.
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Financial KPI items your business should utilize are the Net Promoter Score (NPS), accounts payable turnover, current ratio, and the debt to equity ratio. Continue reading!
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When calculating sales margins, businesses commonly forget to factor in secondary selling costs, content creation, paid marketing, and labor. Continue reading!
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The success of a multi-generational family business rests on clear role definition, formal ownership structure, and conflict-resolution skills. Learn more!
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Some common payroll mistakes include the mismanagement of independent contractors, Form 1099 filing errors, and more. Learn more today!
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Accounting errors, such as poor cash flow management and neglecting yearly financial analysis, are responsible for the success or failure of startup businesses. Learn more!
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Having A CPA Nearby For Your Small Business Is Crucial If you are a small business owner, odds are you have had a hand in just about every aspect of your business. While you may be a wiz at math and an expert in your line of business – taking care of your books should
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Should Your Business Be Using An Outsourced Bookkeeping Company? It’s not a question of whether you need a Certified Public Accountant (CPA) for your business, but a question of whether you need one in-house. More times than not, an outsourced bookkeeping company can take care of your needs as they come, alleviating the costs of
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Benefits Of Paper-Free Accounting We are living in a digital age – it’s no secret. With technology conducting almost every aspect of our lives, it makes sense as business owners to follow suit. A digital device has the capacity to order your food, deposit a check, communicate internationally, and so much more. It’s no longer
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Common Errors In Financial Planning For Physicians Over 1,000,000 individuals and counting in the United States have undergone one of the lengthiest, strenuous, and most rewarding journeys there is. There’s a high probability that you have undergone your fair share of financial planning to undertake medical school and rotations – when you’re still training without
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Why Estate Planning Is The Smartest Thing You’ll Ever Do It’s a hard one to think about. We usually make plans for the future, a future that we’re going to be a part of. There is a misconception that only wealthy individuals make these plans. The truth is, the benefits of estate planning far outweigh
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