Tag Archives: cash flow

Part 2: Outsource Your Bookeeping–Time for the Experts

4 Common Bookkeeping Pains for Small Business Owners Business owners, especially of smaller organizations, have plenty on their plate – sales, marketing, networking, administration, accounting, etc. Managing everything can be overwhelming. Oftentimes, the bookkeeping processes are not properly handled because, … read more

Reasons You need to Outsource Your Bookkeeping

1. YOU’RE ACTING AS CEO & CBO (CHIEF BOOKKEEPING OFFICER). Unless you’ve inherited a fully staffed and successful business operation, it’s likely that, over the years, you have worn more than your fair share of hats in order to grow your … read more

Do You Need to File Form 1099s?

There are a number of situations where you’ll have to create and/or file Form 1099s. Are you affected? If you’ve been sending Form 1099s for years, you’re probably already working on them or have completed them. If you receive them … read more

Managing Cash Flow (part 2)

Last time we talked about using Accounts Payable or vendor payments to help manage your cash flow by negotiating discount terms, delaying payment, and using credit cards. Now let’s talk about Accounts Receivable. Accounts Receivable is invoicing your clients or … read more

Bookkeeping Versus Accounting

What is the difference between accounting and bookkeeping? Many people think that bookkeeping and accounting are the same thing, but bookkeeping is supplemental to accounting.  Bookkeeping is the process of recording, classifying, tracking, and monitoring financial transactions; it is all … read more