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The goal during the holiday season is to never have reason to panic. You have access at all times to your invoices and other accounting details. There is never a time where you feel at a loss because you can’t reach someone vital, and there is no set agreement on how to handle it. Create clear standards from the outset, and your holiday season will have far fewer bumps.

Every business wants to increase their bottom line and cash flow. However, many companies (especially small and medium-sized businesses) don’t know that there are nuggets of profit hidden in their accounting departments.

As great as it would be if all customers were honest customers and paid what they owe every time, every once in awhile, you’re bound to run into a bad egg or two. Writing off bad business debts may require changing your business accounting up quite a bit, but in the end, you will likely find it highly useful for balancing income and loss.

Small business owners—especially those just starting out—have a habit of ignoring detailed accounting, in many cases running the finances of the business in much the same way that they manage their personal checkbook.

The auto dealership industry is already a competitive and confusing market to begin with, so it’s even more frustrating when you miss out on hard-earned money you’ve worked for.

Never think it can’t happen to you, your business, your store, or your team. Fraud is an insidious crime that will hide in plain sight before entrepreneurs and optimistic C-level executives alike.

With the emergence of Robot Process Automation (RPA), a slew of questions arise. What is the role of RPA? Can RPA help my small business? Will RPA automate the accounting process to the point that accountants are no longer needed, and people lose their jobs?

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…

The Internal Revenue Service said it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million in an effort to lighten the burden.

When running a small business, you come across a lot of jargon being tossed around. You may hear words like “profit” and “profitability” and mistake them to mean the same thing.