Everyone who starts a business knows that it will be a risk. There will be chance to fail. It really helps that when you launch a business, you are armed for it. You should have the knowledge to run a successful business as well as...
Every business should have a systematic bookkeeping practice. This is the best way to keep track of your business activities and your finances—earnings, expenses, losses and all other business-related fiscal matters. The success of a business will depend on how well a business owner manages his...
Every day, a business fails. Failure happens to even the best of people and the best business ideas. There are so many factors why a business fails. But through the years, these failures have been collated to help new entrepreneurs prevent repeating these so-called failures. Why businesses fail and how new entrepreneurs...
Bookkeeping is a serious and sensitive business. As a business owner, there might be an itch to do things your way and just do bookkeeping by yourself. Alas! Keeping and managing financial records are not tasks for everybody. Bookkeeping is a meticulous and tedious tracking...
So, you’ve made the bravest of decisions to fully throw yourself into the enterprise you’ve founded. Now, there are literally so many details that you have to juggle and a gazillion of tasks that need to be handled. But, because you feel quite strongly about...
Being undisciplined in updating your bookkeeping needs usually bring up issues that could have been avoided. Let’s look at some bookkeeping problems encountered by entrepreneurs. Getting your personal and business expenditures all mixed up So, you’re about to enjoy a hot beverage before boarding your flight back...
The bookkeepers can do their job right if you let them access your financial information. This is why it is important that you hire a bookkeeper who you can trust. Bookkeeping is a crucial and sensitive activity so hiring one to do your business’s books is...
With the growing convenience of sourcing talent online, bookkeeping services have become a popular option. They say that bookkeeping is like scheduling a visit to the dentist. You don’t want to really take the time to be “checked” but neglecting your “health” may lead to...
Bookkeeping is an essential task for all businesses. If you miss this approach it will be so tedious to maintain tracking card transactions and accountability. Hence, this is paramount to every organization. Concerns related to excessive expenditures, partial record keeping to include recording losses from any...
This is a cause for contention among startuppers: do you need a bookkeeper? On the one hand, it is an added expense. A startup has to scrimp on its capital because starting a business is a big risk. There is no way of knowing if...