Job costing is key to profitability for many small businesses. Are you doing it right? For companies that provide long-term projects to clients—such as landscaping, construction companies or consulting firms—determining how profitable a project will be is key to the success of your business. Job costing—that is, tracking all of the costs related to a […]
By Grey Idol A strong economy drives small business growth–we all know that. However, with a rise in new businesses, we also see an increase in the number of companies turning to factoring. Why? Because growing businesses need ready access to capital and factoring has proven to be a quick and easy way for businesses
How to Evaluate and Choose the Right Invoice Factoring Company for Your Small Business Read More »
Do you use an accountant to prepare your taxes or provide financial advice? If you’re trying to DIY to save some money instead of hiring an accountant, you could be costing yourself more than you save. In the TSheets 2019 Tax Season Debrief, a whopping 88% of small business owners with employees say hiring an
How an Accountant Can Save Your Business Money at Tax Time—And All Year Long Read More »
Small business owners understand the power of the human touch. It’s one of the last advantages that a brick-and-mortar business, or even a small e-commerce company, has over corporate behemoths like Amazon and Target. The value of human interaction isn’t just between business and customer—it’s also important to business owners when choosing a bank. When
Should You Use an Online-Only Checking Account for Your Business? Read More »
Do you accept mobile payments at your business? If not, you could be missing out on a valuable—and growing—source of income. Although some 61% of small businesses admit to having cash flow problems, many aren’t taking advantage of smartphone technology to accept payments from customers. Small business owners and mobile payments Today, there are more and more
The Benefits of Accepting Mobile Payments at Your Business Read More »
Most businesses don’t have trunks of money sitting around, filled with unlimited cash reserves. On the contrary, juggling cash flow and managing your accounts receivable (AR) is probably a necessary evil you detest and that takes up way too much of your valuable time. When you provide a service or sell a product, you invoice
Three-paycheck months are great for your employees. Who wouldn’t want an extra paycheck a couple of months per year? But, a three-paycheck month might not be so gentle on your small business budget. Paying employees with a biweekly pay frequency has quite a few benefits, like consistent payroll processing. And, biweekly pay is the most
Business Owners: Don’t Stress Over 3-Paycheck Months—Do This Instead Read More »
Think you’re at a place with your business accounting where you might want to hire a bookkeeper? That’s fantastic—you’re taking a huge step toward getting your business as financially healthy as possible. Bookkeepers can do a lot of things that you may not be able to do with general financial knowledge. Even if you consider
Small Business Finances: Costs to Consider When Hiring a Bookkeeper Read More »
By Katherine Pendrill One of the best parts of becoming a small business owner is the opportunity to wear many different hats. One moment you’re an outbound sales expert, the next you’re an event planner. But one hat that you probably don’t want to wear is “bookkeeper.” While many small business owners opt to do their
This Common Time-Waster Keeps Many Small Businesses From Growing Read More »
When you’re a small business owner, you understand that every dollar counts when building your company. However, many business owners focus on increasing sales rather than lowering expenses. Keeping your expenses as low as possible is just as important as boosting revenue. As a small business owner, I know how difficult it can be to
Try These 5 Alternative Cost-Cutting Ideas to Save Money on Business Expenses Read More »
