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Why Having An A/R Collections Policy is a Must

An A/R collections policy is an absolute must for any business that wants to operate efficiently. A strong policy will ensure continuity throughout the business, make sure that losses are minimized, and resources are allocated efficiently, and that customers are treated fairly and continue using the business’ services.

April 23, 2020
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The Importance of Having an Operating Agreement

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

October 1, 2020
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How To Deal With Closing Your Month Remotely

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

July 17, 2020
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Should You Write Off Your Bad Business Debt to End The Year?

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.

May 20, 2020
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Key Risks to Consider Before an Internal Audit

The focus of Internal Audits (IA) is to diagnose the needs for compliance, risk management, and governance as it pertains to a companies purpose. IA has shifted from a team designed to provide assurance to a strategy group meant to meet the ever-changing landscape of business and technology.

April 1, 2020
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What’s the Difference Between Forecasting and Budgeting?
What’s the Difference Between Forecasting and Budgeting? No matter what type of business you’re running, budgeting and forecasting should be terms you know just as well as accounting. Both are crucial for the success of any business. While they both deal with your business financials, they are different in how you use them as a...
February 7, 2020
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10 Ways to Prepare for Selling Your Business

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

September 15, 2020
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What To Know About Switching From Contractors to Full-Time Employees

Not so long ago, independent contracting was a much more fringe form of employment, oftentimes reserved for seasonal and freelance work.

December 23, 2019
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Accounting Indicators to Be Aware of When Scaling Your Business
Accounting Indicators to Be Aware of When Scaling Your Business Accounting Indicators to Be Aware of When Scaling Your Business Owning a business is no simple job. It requires many resources as your business grows but also requires a great amount of research and knowledge as you scale your business. Knowing what to look for...
February 12, 2020
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Inventory Mistakes That Can Cost Your Business
Inventory Mistakes That Can Cost Your Business As a business owner, inventory is one most important aspects of your company. Without enough stock, you could have unhappy customers and lose business. If you have too much, you could lose money in storing your excess capital. If there is one area that causes companies to succeed...
February 19, 2020
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