If your business is lucky enough to have positive cash flow and you’re experiencing growth, it may be a smart business move to hire someone to help you run the business. Oftentimes, one of the first things that small business owners look for help with is management of finance and accounting tasks. Bookkeepers can be valuable hires in the early stages of growth, but how do you know when it’s the right time to hire a bookkeeper? Here’s how:

When It Becomes Less Expensive to Hire Bookkeeper

Small business owners often work long hours as a result of managing multiple departments and responsibilities. At some point, however, it…


If you’re a self-employed electrician, plumber, landscaper, or general contractor, or you own any other type of field service business, it’s likely that managing your finances takes a back seat to other responsibilities. For many self-employed individuals without a financial background, it can be hard to keep track of the necessary accounting requirements. Fear not. Follow these tips to help you avoid common field service accounting errors.

Estimating Errors

Cost overruns that occur from estimating errors can turn your finances upside down. When this occurs, it typically results in less profit for the field service business, or worse, a loss.

There are…


Just like so many other industries affected by technology and innovation, small business accounting has seen significant change in just the past few years. And the industry is poised for even greater change in the near future. These advancements have made managing accounting and bookkeeping tasks much easier and faster for small business owners. For accountants, this new reality also has its positives, but it is forcing them to make some fairly significant adjustments to their responsibilities. So what does the future of small business accounting look like? …


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For most small business owners, managing accounting tasks can be a challenge. Finances are typically not the most appealing part of the job. The below small business accounting checklist is a comprehensive guide to help you easily navigate the tasks involved. Keeping it on hand will help keep you on track as you move through the year. The accounting checklist is also a great tool for bookkeepers.

Consult the infographic at the bottom of this post as a quick reference. And download and print the list below; it’s…


When it comes to managing the accounting functions of your small business, there are a variety of essential steps you can take to ensure a smooth operation. Opening a business checking account is one of them. One of the main reasons to have a business checking account is to keep your business finances separate from your personal finances. There are other benefits too. Here are a few:

Simple, More Organized Accounting

Keeping your business checking account separate from your personal checking is essential to having a clear picture of your cash balances. …


There are several moving parts to any small business. One of them is managing the company’s finances. This is one of those tasks that you can’t ignore without the risk of running into issues. Managing your accounting functions effectively will help avoid problems like running out money you thought you had, missing bill payments, or receiving tax penalties. Understanding the basic accounting formulas is a good first step in educating yourself on essential small business finances.

Because bookkeeping for your small business is so important, it may be worth considering bringing someone in to handle accounting functions for you. Hiring…


When you operate a small business, it can be tough to break away from the office unless it is to do something directly related to day-to-day operations. Making time to better educate yourself in certain field of business, like marketing or finance, is important to your growth as a small business owner. Small business conferences can be an excellent source of inspiration and education, and a great way to network.

Here are 10 small business conferences every small business owner should attend, whether they’re for networking, education, marketing, or all of the above.

1) Small Business Expo

Described as the biggest B2B trade show…


Successfully managing accounts payable is one of the most important financial responsibilities for any small business. That’s because accounts payable represents the money you owe to anyone who’s provided a product or service on credit, like a vendor or supplier. It’s crucial to keep a close eye on these bills. Letting invoices lapse can lead to penalties, cause hiccups with your cash flow, or mean that you could lose the faith of your vendors for future transactions.

Your small business can avoid those potential pitfalls by making sure to pay your bills on time. The best way to ensure you…


One of the key elements to managing your small business finances is handling your taxes. For most bookkeeping tasks and daily business accounting needs, you can use cloud accounting software. Accounting platforms allow small business owners to manage their books themselves because they’re easy to use and access. When it comes to managing your taxes and certain other financial tasks, however, oftentimes it’s better to outsource them to a professional accountant. Hiring a small business accountant should be a carefully planned process to ensure you’ll be working with someone with the appropriate experience.

The thing about tax preparation, particularly for…


As a small business owner, you have a lot of control over your business. You’re able to set your pricing, adjust and improve your operating costs, etc. One thing that you cannot control, however, is how people write about your business online. Yours could be the smoothest-running operation in the industry and still receive criticism. So how do you handle a negative online review? Luckily, there are steps you can take. If handled correctly, you can escape online negativity without doing any damage to your company’s reputation. Here are eight ways to deal with and fix negative online reviews.

1. Respond

Some…

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