Two of the most common business processes you will find yourself managing (if not obsessing over) in your accounting system are accounts payable and accounts receivable. The concept is simple: accounts payable represents money you owe, while accounts receivable...
No matter what industry your business is in, you need to track your money. It’s virtually impossible to run a business without knowing your financial health. That’s where bookkeepers come in. They track all of the economic activity that flows in and out of your...
Your accounting and finance functions are vital to running your business. They help you make decisions, stay compliant, reduce costs, file and pay your taxes timely and accurately, and provide meaningful financial information to management and external stakeholders....
Is your startup looking to expand soon? You’ll need funding from investors. To secure that funding, you’ll have to offer equity. Before you can offer equity, however, you need to know how much that equity is worth. Think about it: you can’t issue shares of your...
Business growth is exciting, but not without growing pains. At a certain point — usually around $1 million in revenue, although sometimes more — you can no longer be involved in every part of your business. You have to focus on what you’re good at and...
Business is great: you’re growing, generating profits, and hiring more employees. You’re establishing a finance and accounting department to manage your forecasting, budgeting, and month-end close. But you still have a critical decision to make — which...
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