As essential as it is to your business, managing payroll can quickly grow time-consuming. Regardless of how many workers you employ, keeping track of employee information is a weighty responsibility. Not to mention, the time spent managing payroll and keeping it IRS compliant can easily consume a business’s budget. While some small businesses still handle payroll manually, … [Read more...] about How Can Payroll Services Help Small Businesses Save Money?
Accounting
Expanding Your Home-Based Accounting Practice
The challenges of running a home-based accounting practice are many. Expanding your practice is perhaps the most pressing difficulty. If you do not grow, you cannot thrive; and if you do not thrive, it is only a matter of time before you will be forced to close up shop. Here are a few pointers on how you can expand your home-based accounting practice: 1. … [Read more...] about Expanding Your Home-Based Accounting Practice
Qualities to Look for When Choosing the Right Bookkeeping Company
Choosing the right bookkeeping company for your small business is the best way to make it grow. Your business, no matter how small it is, should be able to keep track of the salaries, sales, and expenses. Entrusting your finances to a reputable bookkeeper is important to the success of your business. Here are some qualities that you should look for when hiring a … [Read more...] about Qualities to Look for When Choosing the Right Bookkeeping Company
Small Business Accounting: How to Get on Track
Staying on top of recordkeeping and finances is often one of the biggest challenges for small businesses. If you’ve just launched your venture, are in the early stages of operating your business, or are still the sole employee of your startup, then it’s especially challenging. There are often many competing priorities. You may feel driven to invest in the marketing costs and … [Read more...] about Small Business Accounting: How to Get on Track
Handy Payroll Tips for Small Businesses
For many small-business owners, looking after finance and HR-related tasks such as payroll is a big pain and something that gets pushed way down the list of to-do tasks every week. However, even though you may find this part of being an entrepreneur a challenge, it is a vital element that needs to be done right. If one of your primary business stressors is handling payroll, … [Read more...] about Handy Payroll Tips for Small Businesses
Home Office Paperwork: What to Keep, Stow and Protect
Paperwork is like a river. The paper comes in, floats through various stages and should flow back out—unless you’ve got a beaver in your home office that built a dam. Then you’ve got a wall of papers. Creating a workable paperwork system is all about dealing with the flow. As a professional organizer, I know you can’t just look at the stacks and piles on your desk (and on the … [Read more...] about Home Office Paperwork: What to Keep, Stow and Protect
3 Benefits of Payroll Software to a Small Business
As a small business owner, you are going to be spending a lot of time being both an employee and a manager. You will have to help customers, stock shelves and clean the toilets if need be. On the other hand, you have to be responsible for keeping track of invoices, payroll and other administrative tasks. Therefore, using payroll software can have many benefits to your … [Read more...] about 3 Benefits of Payroll Software to a Small Business
Book Review: Accounting for the Numberphobic
I hate financial statements. Mention the word accounting and my eyes start to glaze over. I love math, numbers and large Excel spreadsheets -- but there's something about accounting that makes my brain shut down. So I turnover anything about financial numbers to my accountant. And apparently, I am not alone in my thinking. For many small business owners, the phrase … [Read more...] about Book Review: Accounting for the Numberphobic
Choosing the Right Payroll Service for Your Small Business
Photo by Austin Distel on Unsplash Calculating payroll is a very tedious and time-consuming task, and any minor error can affect your whole company. Instead, choose to outsource your payroll services and start making your life easier today. Outsourcing your payroll to a payroll management service can save your business time and money and make your job much easier. Here … [Read more...] about Choosing the Right Payroll Service for Your Small Business
Book Review: Keeping the Books: Record Keeping and Accounting
Keeping the Books: Basic Recordkeeping and Accounting for the Successful Small Business by Linda Pinson and Jerry Jinnett is an excellent introduction to record-keeping and accounting for small business owners. The book does a solid job introducing record-keeping. It discusses the: General Journal General Ledger Petty Cash Record Inventory Records Fixed Asset … [Read more...] about Book Review: Keeping the Books: Record Keeping and Accounting
