by Fran McCully | Jul 19, 2018 | Bookkeeping Tips, Business Tips
The actual process of keeping books is easy to understand when broken down into steps: Keep receipts and or other acceptable records of every payment and expenditure from your business. Summarize your income and expenditure records on a periodic basis (generally...
by Fran McCully | Jul 19, 2018 | Accounting, Business Tips
Fixed assets are special kind of assets in your business. They include land, buildings, equipment, furniture, and vehicles that your company owns. While we frequently look at expenses to cut costs, fixed asset management is another place we can look to find ways to...
by Fran McCully | Jul 5, 2018 | Business Tips, Profitability Tips
Whether you call it bacon, Benjamins, or big bucks, cash – and having enough of it – is key to running your business. Here are five tips related to managing and getting the most out of your business cash. 1- All banks...
by Fran McCully | May 17, 2018 | Business Tips
What does it cost employers to have an in-house administrative assistant versus a virtual assistant? In the office setting, productive use of time can be lost by socializing, experiencing downtime, training, or being away from the office. Employers pay for overhead...
by Fran McCully | May 10, 2018 | Accounting, Business Tips
The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of your business over a period of time, such as a month or year. You might also hear it called the Profit and Loss Statement, or P&L....
by Fran McCully | Apr 19, 2018 | Business Tips, Profitability Tips
When running a business, it’s easy to get stuck in a rut. Ruts, even if they are making you money, are not good for you or your business. If you are doing things the same way day after day, you will not create or see new opportunities and might not identify...
