Stop Internal Fraud: How to Prevent Employee Theft Now Trust is not a financial control. It is the hardest lesson for a small business owner to learn. You hire people you like. You treat them like family. But the statistics are brutal: 64% of small businesses experience employee theft, and the median loss is $29,000. […]
When many people launch a business, it is because the idea of freedom – of being their own boss – appeals to them. They like the idea of being in control of their own schedules. They want to help others solve problems or fulfill a need. Being independent and self-reliant is fun. They enjoy feeling […]
What are the various bookkeeping tasks that need to be completed on a daily, weekly, monthly and/or yearly basis? Daily Tasks Cash is like blood for your business and cash flow is like blood circulation. So, it is a good idea to manage your cash flow in and out of your business on a daily […]
Is your business growing? If so, great, but if you’re not updating the way you manage the books, you could be in for a shock. It’s a much over-used statistic – half of all startups will fail within the first five years. What’s less talked about is that many of those businesses which fail will […]
Are you the typical lawyer, small business owner or CPA trying to do everything on your own? But why? Are you really saving money? Let me tell you a secret…your time is best spent focusing on what you do best! If you are a lawyer, you are good at practicing law…no offense but you do not […]
Accounting, bookkeeping, and auditing are jobs that have you serving different roles. As a bookkeeper here are three of several things you will be dealing with: Handling a company’s financial statements Proofreading reports for errors Managing a company’s accounts When it comes to accounting clerks, you will usually see them in larger companies with narrower […]