Fraud might sound like something that only happens in giant corporations—but the truth is, that it can (and does) happen in businesses of all sizes. Small businesses often have fewer safeguards, making them more vulnerable to financial losses. Today let's talk about...
Everyone knows keeping your financial records in order is essential for your business's success. However, many small business owners overlook bookkeeping mistakes that lead to costly issues with cash flow, taxes, and overall financial health. Even small errors can...
It seems like every week, a business owner asks me what financial goals they should set for their small business. For business owners, setting financial goals is crucial for clarity and focus, measuring progress, motivation and accountability, risk management, and...
Running a small business comes with its challenges, and one of the most critical aspects is managing cash flow effectively. Maintaining a steady income stream is essential to keep your business thriving and growing. However, waiting for payments from clients or...
Accrual-based accounting and cash-based accounting are two different methods of recording financial transactions. The main difference between the two methods is the timing of when revenue and expenses are recognized. In cash-based accounting, revenue and expenses are...
Setting key performance indicators (KPIs) is an important step in measuring the success and progress of your organization or project. What are Key Performance Indicators? Also known as KPIs, they are a set of metrics used to measure the performance of an organization,...
