This is a great opportunity to refine your small business processes. Our professionals at BudgetEase can:
If you’re like most small business owners, you have a long list of thing to get done to keep your business operating. Substantial effort is placed on increasing sales, product development, hiring the right people, and making sure customers are happy. Typically, bookkeeping is a secondary concern. Unfortunately, not keeping your books clean and concise is probably costing you money.
We are in an unprecedented time where businesses closures are mandated, people are quarantined, and the demand for some goods and services has plummeted. There are some important temporary measures for small business owners and employees you should know about.
It’s the month of leprechauns where the lucky few find a pot of gold at the end of a rainbow. While everyone would like to find a pot of gold, as small business bookkeepers, we define luck a little differently. To us luck is Listening, Understanding, Creating, and Keeping. Let me explain.
The question many of our small business owners have is how to manage fixed assets. Here we walk you through identifying which assets are fixed, and then an example of depreciating a vehicle.
Dentists have limited control over when insurance companies issue payments, or the speed at which patients pay out-of-pocket amounts. Yet their loan payments for expensive equipment and salaries for their staff are constant. To that end, cash flow is a major priority. There are several things to consider when analyzing cash flow, they are:
Before you close the year in QuickBooks (more on that to follow), you need to ensure a few things are done.
There are a lot of options for financing your small business. You can opt for the traditional method of a loan via a bank. Alternatively, you could take advantage of crowdfunding.
With the holidays behind you and the beginning of a new year, your small business has an important deadline approaching. If you have paid $600.00 or more to individuals in the form of non-employee compensation you are required to provide a Form 1099 to those by individuals by January 31, 2020.
Accounts receivable is difficult in most industries, particularly for small businesses. Dental practices are not exempt from the struggle of collecting payments. The challenge for many dentists is that payments are received in a multitude of ways, most commonly via insurance and direct customer payments.