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Accounts Receivable
What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
Getting a Business Loan
One of the hardest things to do in small business is getting that first loan. Due to recent ups and downs with both Wall Street and Main Street, lenders can be skittish when it comes to lending capital to businesses for the first time. While it’s easy to demonize banks, small businesses and the financial…
Reconciling 101
You’re a savvy business owner. You know Intuit’s QuickBooks “QBO” is your accounting software and it produces your company’s accounting file. You know you—or your bookkeeper—are supposed to reconcile your transactions at the end of the month. What you might not know is that once your transactions are reconciled—and only then—you can populate reports that…
Why Every Business Needs a Plan
Building a business will bring plenty of ups and downs, as well as lots of surprises. If there’s one tool that can help you roll through those ups and downs and make adjustments along the way, it’s the old fashioned business plan. A business plan is an actualized, logical breakdown of your company’s future. It’s…
