Many small businesses fail because they underestimate the cost of staying afloat during the first few years. This outcome can be attributed to poor financial management on the part of whoever is in control of the money. It goes without saying that precise accounting is crucial to the long-term success of any business. However, some small [...]
Yes, YourBizManager provides bookkeeping services. And, the truth is February is not the best time for YOU to do bookkeeping. At the same time, many small business owners find themselves stressed by their bookkeeping work and tax preparation in February and right through to April. While this time of the year is a busy time for most, [...]
Choosing a professional bookkeeping service is one of the easiest ways to help your small business focus and grow! Every company, regardless of size, must accurately track and report the money flowing in and out of its accounts including sales, expenses, and salaries, but many entrepreneurs and small business owners lack the knowledge, experience or time [...]
Is your bookkeeping a chore for you? For many small business owners, bookkeeping is a dreaded chore each month. At the same time, it is very important to keep your bookkeeping current so that you can keep your business on track. If you are feeling any of the following bookkeeping blues, you need to make some [...]
As a small business owner, there are many things to do and watch. And, there are many reasons why small businesses do poorly or fail -- and one key reason is poor accounting. Flying blindly without up-to-date books is a recipe for business disaster. Here are ten signs your company needs professional bookkeeping services now. 1. [...]
Properly managing your small business cash flow is critical to your success. Most small business failures are caused by poor cash flow -- not enough cash coming in the door and too much going out. Here is practical advice on how to properly manage your small business cash flow. Invoice and Collect Quickly 1. Send invoices [...]
With continuous improvements in software like QuickBooks, bookkeeping has become more automated. At the same time, any powerful software tool can be very frustrating to navigate and use effectively. For small to medium sized business, it’s often better to leave the books to a trusted professional. For this reason, bookkeeping is commonly outsourced today. Most owners [...]
Does your current bookkeeper act like your business manager? Is she or he based locally and easy to reach? Does your current bookkeeper care about the success of your business? All three answers should be YES! Here is how to choose your bookkeeper and have them be your business manager. 1. Set up in-person meetings During [...]
The deadline for providing W-2 forms to employees and 1099-MISC forms to contractors and other workers for 2019 is January 31, 2020. The IRS has increased penalties for filing late. If you use independent contractors to perform services for your business and you pay them $600 or more for the year, you are required to issue [...]
As we get closer to year-end, most businesses will begin thinking about “taxes” — one of the most dreaded words in small business. If you start thinking about your bookkeeping and taxes in January, it’s too late. Updating your bookkeeping and reviewing your financials prior to year-end is very important so you may do something about [...]
