According to research from Into the Minds, there are many reasons why people start their own businesses. These are the top reasons they give: The desire for more autonomy Recognition of a specific opportunity The drive to bring a new idea to the market So it’s rare that an entrepreneur would start a small service business because they love keeping track of which clients owe them money. As a result, accounts receivable management is often treated as a chore. Yet this can … [Read more...]
BOOKKEEPING… SMOOKKEEPING: What’s the point of worrying about it?
Whether we like it or not, quality bookkeeping is a key ingredient for a successful business. If a business does not put proper bookkeeping practices into place, they could end up on a downward spiral and not even know it. It is truly scary the number of businesses that do not have any bookkeeping methods or have nominal bookkeeping practices. What’s even scarier is that these are the same businesses that can’t, don’t or won’t file taxes because they have no clue what their … [Read more...]
Upgrading Your Accounting System? 5 Things You Need to Do First
Many businesses who use accounting software believe they are reaping benefits, but what they don't see is the abundance of issues that are growing larger every day. Generally, it is outdated software programs that cause such issues, meaning an update to a software program needs to take place on a regular basis. Four of the more common problems endured by businesses using accounting software include: … [Read more...]
