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Top 10 Accounting Terms Every Business Owner Should Know

When you run a business, proper financial management can go a long way toward long-term financial success. Though you can always hire an accountant to help with financial and tax issues, knowing some key financial ratios and accounting terms can come in handy. Here are a few accounting terms every business owner should know. Break-Even…

November 22, 2021
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6 Key Financial Ratios Every Startup Should Monitor

The difference between the success and failure of a startup is a clear understanding of business finance. With that in mind, the Odoni Partners team compiled this list of key financial ratios for startups. Read on to learn more about startup accounting. The Key Financial Ratios for Startups Burn Rate This ratio centers on the…

October 26, 2021
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Accounting Advice for Startups: Tips on How to Get Started

You can end up dealing with a lot of complicated processes when starting a business, accounting not least among them. Handling the ins and outs of your finances can feel complex. Fortunately, expert assistance is available from Odoni Partners, LLC. Learn more about startup accounting services in Chicago by calling us at (312) 440-0960. Separate…

September 10, 2021
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Construction Accounting: A Concise Guide

Construction accounting is not the same as ordinary business accounting. It is a unique form of financial management and bookkeeping designed to help contractors keep track of each job and how the financial information involved with that job affects the whole company. What Is Construction Accounting? Construction accounting is a type of project accounting that…

August 13, 2021
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Top Accounting Tips for Manufacturing Businesses

Accounting plays a vital role in the operation of any manufacturing company. By utilizing these accounting for manufacturing tips, you can keep track of your finances and make your life easier at the end of each financial quarter. You can also contact Odini Partners, LLC, to get direct help from accounting experts. Our team can…

August 13, 2021
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What Is a Forensic Audit?

Your company’s assets and business dealings are essential to the success of your business. Suppose you have been a victim of fraud or you suspect that your company’s assets have not been handled correctly. In that case, you may complete a forensic audit to investigate and gather evidence for court proceedings. When you are preparing…

June 21, 2021
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When To Hire an Accountant for Your Small Business

Small business owners often struggle to maintain their day-to-day operations and monitor their business’s finances. Many rely on accounting software like QuickBooks to generate reports and financial statements. However, hiring an accountant for a small business makes it easier to develop, interpret, and manage financial information like business tax returns and balance sheets. How Accountant…

May 10, 2021
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