Whatever type of business plan you're writing, there are a few key financial items that you should definitely include. Here's what they are, why they're important, and how you should create them.

Accounting

The Key Elements of the Financial Plan

Whatever type of business plan you're writing, there are a few key financial items that you should definitely include. Here's what they are, why they're important, and how you should create them.

By Trevor Betenson |

What to Do If Your Accountant Makes an Error

Paying an accounting professional can have benefits that far outweigh the added costs—but what happens if your accountant makes a mistake? If your accountant made a costly error and is unwilling to set things right, you should understand your legal rights and options.

By Brian Eckert |

What You Really Need to Know About Cash Flow

Cash is the single most important resource in any business—and also one that is frequently misunderstood. Here's what you really need to know about cash flow.

By Tim Berry |

The Benefits of a Business Accountant, and How to Choose One

Not hiring an accountant can often be an expensive mistake. A good accountant can provide expert advice and information, help you to grow your business, prevent your from running afoul of the IRS, and save you thousands of dollars in taxes.

By Rachel Smith |

When and How to Outsource Your Payroll

One of the most important aspects of running a business is managing payroll—from the minute your first employee (even you!) starts working, you need a payroll system. But small businesses often lack the adequate resources, time, and money to handle payroll in-house. You need to spend all your time doing what you do best and...

By Shrad Rao |

The Entrepreneur’s Accounting Cheat Sheet

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...

By Candice Landau |

Your Small Business Accountant: Your Small Business Consultant

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...

By Brandon Chu |

7 Bookkeeping Habits Every Entrepreneur Should Adopt

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...

By Brandon Chu |

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Whatever type of business plan you're writing, there are a few key financial items that you should definitely include. Here's what they are, why they're important, and how you should create them.