small business
Understanding Negative Balances in Your Financial Statements
Negative balances in your financial statements can signal errors or issues with your business performance. In some cases, a negative balance can be accurate, but it’s important to review further...
Reviewing your Financials: Top Five Things to Look For
If you’re getting regular monthly financial statements in your business, you’re already ahead of many business owners. But financial reports are only as good as the time you put in...
Spooky Accounting Stories: Missing an Employee’s Payroll
This month we’re highlighting the spookiest of accounting stories that we hope you never have to experience. If you think you’re at risk for any of these situations, you may...
Accrual vs Cash: Which Is A Better Business Practice?
The key component to accrual versus cash is that you are matching your revenue to your expenses. Basically, recording that revenue when you have earned it and recording those expenses...
In the news: Court Blocks New Federal Overtime Rule – What does this mean?
The new overtime regulations were set to go into effect on December 1st are now on hold after a Texas court blocked the Department of Labor from implementing the rule...
What You Need to Know About Debt-to-Equity Ratio
If you’ve ever looked at obtaining financing for your business, you’ve likely heard of the debt-to-equity ratio. But, what is it? And, what does it mean to lenders? Here's what...
3 Reasons Why a Budget is Important for Your Business
Entrepreneurs are often told that a budget is an important tool to use in managing their business. However, many don't know why it's important. Maybe you set a budget at...
3 Methods for Evaluating Your Business to Determine its Value
What is Your Business Worth? If you’re a business owner, chances are you’ve had this question before: What is your business worth? After all, the end game for many entrepreneurs...
10 Powerful Tools for Small Businesses
There are a variety of business tools available for entrepreneurs and small business owners, and it can be overwhelming determining which is best for your company. To help you...
Core Competencies: Where Should You Spend Your Time?
Focusing on your company’s core competencies can give you a significant competitive advantage over your competitors. What is a core competency? A core competency is a defining capability or advantage that...
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