Small Business Funding

How to Use Funding for Your Small Business

Knowing that your small business’s net profits are climbing is always an excitement. As this is a sign that your business is growing successfully. But what areas are you investing in? A smart business owner will always have a plan while developing your investment plan, consider these options. So you won’t have an opportunity to waste your funds. Invest in …

cam reconciliation

Tips for Property Managers to Remember about CAM Reconciliations

Common area maintenance is crucial in accounting management. CAM is also known as Operational Expense Recovery includes the maintenance of communal area and repair charges if any. In real estate accounting, CAM can be tricky as every tenant and their costings are different. To clear errors and collate bills with accuracy, involve the following tips in your accounting practice. Be …

Accounting Business

Accounting Tip for Improving Your Business in the New Year 2020

When running a small scale business there will be a flood of milestones to hit and manage. Accounting tasks should be top of your priority lists to have better confidence about your business growth. Take into account the following tips to avoid running into any financial issues this new year. Maintain and track daily transactions Maintain a system that organizes …

Best Accounting Software for Small Business

5 Best Accounting Software for Small Businesses 2019

Accounting practice in any small business is mostly done on their own and with accounting software that meets your business needs and budget. For starters, a feature-rich system with security and pricing must be taken into account. As a small business can’t give way most of its budget for accounting software. Accounting software helps you to manage all your clients’ …

How-to-boost-leads

5 Accounting Equations Every Business Should Know

As a small business, you would prefer to handle your own accounting and have control over your accounting books. To manage your business transactions better, you should have a good grasp of these formulas. Being familiar with these formulas you can understand the health of your business. The asset accounting equation Assets are all the things that the company owns. …

4-Factors-You-Are-Likely-Overlooking-In-Calculating-Your-Sales-Margins

4 Factors You Are Likely Overlooking in Calculating Your Sales Margins

Profit margin is the right indicator of your business profitability. Measuring it with a simple formula like subtracting the cost of inventory from your actual retail sale will not give a clear picture of your true profit margins. Instead, speculate on various other metrics that relate to the calculations of sales and profit margins. While calculating the profit margins of …

Real estate, book keeping, Rules for Bookkeeping

5 Ground Rules Of Real Estate Bookkeeping

For any real estate business, proper bookkeeping is a critical aspect of the business. What is the main goal of bookkeeping? The main goal of the bookkeeping is to have a standard and accurate records of all your transactions. Bookkeeping provides a clear record of financial transactions for your business which is useful for future reference. It assures that you …

6-Types-of-Business-Entities

6 Types of Business Entities

It’s exciting to start a new business. The initial excitement is followed by a decision making phase where you have to decide which entity type your business belongs to. The entity type that you choose greatly affects the way you operate, so it’s important to know what suits you best. A business entity type defines the legal structure of your company. The type you choose will determine:  The …

How to Manage Financial & Bookkeeping Issues

Financial accounting and bookkeeping can be challenging tasks for Small and Medium Businesses (SMBs). Any misstep can cause serious issues that can cause multiple repercussions. However, you can use those mistakes as stepping stones to identify potential issues that may arise in the future, and work towards preventing them from occurring.    Here are four main financial and bookkeeping issues that need to be overcome to ensure a steady flow of revenue for …

Understanding Payroll Management

Payroll is part of the business accounting process that deals with paying remuneration to employees for the services they render to the company. Payroll management takes into consideration all the accounting regulations that dictate how and when to pay the employees. The payroll team is responsible for defining pay components, collection of payroll inputs, calculation of gross and net salary, …