managing
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The Entrepreneur’s Accounting Cheat Sheet

by Candice Landau

According to a study undertaken by the Small Business Administration, 28 percent of companies go bankrupt due to problems with the financial structure of the company. Many of these problems could be avoided by following good accounting practices. Keeping a record of your financial details IS important to the livelihood of your business. Not only will the correct... Read more »

managing
watch-your-cash-flow

How to Anticipate Cash Flow Problems

by Tim Berry

Why don’t all business owners watch cash flow constantly? I recently caught up with a 2007 survey of business owners showing that only about one-half said they track cash flow regularly. Business experts constantly warn about cash flow. So why did so many business owners say they didn’t watch cash flow? Many business owners are... Read more »

managing
Small business accountant is small businses consultant

Your Small Business Accountant: Your Small Business Consultant

by Brandon Chu

Here’s what you know: your accountant can do your taxes. But here’s what you might not know: your accountant can also help you accomplish your business goals. Accountants build up both financial and business acumen throughout their careers, and they’re often willing to share their knowledge with clients. San Francisco-based financial systems advisor Danetha Doe... Read more »

managing
bookkeeping

7 Bookkeeping Habits Every Entrepreneur Should Adopt

by Brandon Chu

Badly tracked finances can cause your business a world of problems—from poor cash flow to improper tax filings and beyond. These kinds of problems can put a young business at serious risk. Good bookkeeping habits, on the other hand, can help a business thrive—and not just survive. Dallas-based financial writer and founder of Careful Cents, Carrie... Read more »

planning
what is a balance sheet?

What Is a Balance Sheet?

by Angelique O'Rourke

If you’re in the process of starting a business or writing a business plan document, you’ll have heard the phrase “balance sheet” mentioned, or maybe you’ve seen one in a sample business plan. The balance sheet is one of three essential parts that form the bedrock of a company’s financial statements: cash flow, balance sheet, and... Read more »

planning
expert cash flow tips

6 Expert Troubleshooting Tips to Improve Your Cash Flow

by Brandon Chu

Cash flow is king. It flows into your business from satisfied clients who pay your invoices, and it flows out as you pay employees, suppliers, and others who serve your business. And, if you play your cards right, some of that cash flows into your own pockets as a return on your investment in your... Read more »

planning
cash flow explained

The Complete Guide to Understanding Cash Flow

by Candice Landau

While it is perfectly possible to be profitable on paper, there’s a big difference between money you’re owed and cash on hand. That's where cash flow comes in. Cash Flow is simply the money that flows in and out of your business, and is arguably the most important aspect of your business. Read more »

planning
6smbmistakes

6 Accounting Mistakes That Put Small Businesses at Risk

by Renuka Rana

Accounting is a significant part of any business endeavor and is not as easy as adding and subtracting. Small businesses often think of handling their own accounting to save money—but this may not be the best idea. Accounting errors can cost a company to a great extent. You don’t want to mess up your numbers, as... Read more »

planning
Cash Flow Management

How and Why to Manage Cash Flow

by Tim Berry

No matter how profitable your company looks, it can still be in danger of going under without sufficient cash flow. Cash is your business’s lifeblood, its survival. Yet the world is full of “profitable” companies bleeding themselves dry and slowly—or sometimes not so slowly—going under because they haven’t paid due attention to cash flow. How... Read more »

planning
The Key Elements of the Financial Section

The Key Elements of the Financial Plan

by Trevor Betenson

Whatever type of plan you're writing, there are a few key financial items that you should definitely include. I'll explain what they are, why they're important, and how you should create them. Read more »

starting

What I Wish I’d Known Before I Started My Business

by Lisa Furgison

If you’re about to start a business, you’ve probably read several how-to books looking for advice on how to be successful. While researching is a great first step, there are some lessons that you won’t find in a book. You need to hear from business owners who have been in your position, who started a... Read more »

managing

4 Things You (and Every Small Business) Should Know About Taxes [FREE WEBINAR]

by Jonathan Michael

Do your quarterly taxes fill you with the dread of what you don’t know, or do you feel confident when it comes to reporting your numbers to the IRS? Join us on Thursday, July 10 at 11:00am PT / 2:00pm ET for this free webinar presentation by Zach Olson, the founder and CEO of Tax... Read more »

planning

How Much Should You Pay Yourself?

by Scott Gerber

It’s your company—and you’re the one who has the most at risk, financially and otherwise, if it fails. But you’re also in the unique position of setting the tone for what will hopefully be a thriving business. The question is, how do you decide what your own salary should be? We asked 12 founders from the Young... Read more »

planning

What Every Startup Business Needs to Know About IRS Regulations

by Ben Sutton

  Have you ever heard the saying, “Asking for forgiveness is easier than asking for permission?”  Whoever said that must not have been talking about the IRS. In my experience helping hundreds of small businesses get up and running, I’ve found that prevention is the key to avoiding unwanted interaction with federal and state tax agencies.... Read more »

managing

Can I Expense This? An Accountant Explains the World of Write-Offs

by Lisa Furgison

If you get a cup of coffee on your way to work, can you write it off as a business expense? Good question. A lot of business owners don’t have the time (or interest) to decipher tax code. Yet, business expenses are a vital part of your financial picture. A lot of your day-to-day business... Read more »

managing
How to Lower Business Taxes

5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

by Sabrina Parsons

Tax season has come and gone, but the main takeaway from our recent webinar on tax planning for small businesses is that the key to saving money on your taxes is to think ahead and plan. It’s never too early to start thinking about how to prepare for your business taxes. One of the first... Read more »

managing

4 Tax Filing Tips for New Startups

by Deborah Sweeney

Small businesses, welcome to Uncle Sam’s favorite time of year! Though it may be Uncle Sam’s favorite, tax season is often less than anticipated with entrepreneurs, especially if you’re new to filing taxes for a business. How soon do I need to start hanging onto receipts? How should I tax my LLC? What can I... Read more »

starting

4 Accounting Practices You Don’t Want to Screw Up

by Lisa Furgison

Put plainly, there are certain accounting practices you don't want to screw up. If you don't get your finances in order, you could find yourself in trouble down the road. Read more »

starting

Does Working From Home Really Save You Money?

by Kelly Gurnett

If you’re contemplating making the switch to a home office, here are the financial pros and cons you should keep in mind. Read more »

managing

Main Street Kickboxing vs. Target

by Mayra Ceja

How a big business's security breach is affecting thousands of small businesses' cash flow. Read more »