April will be here before we know it, and that means it’s time to start thinking about filing taxes. We have a few tips to share to help ensure you are as prepared as possible to make tax time less stressful–and you might even be able to get them done early!

As a business owner, do you find yourself falling behind in recording your financial transactions and balancing your accounts? It’s easy to let that happen when so many other important business tasks compete for your time. The secret to staying caught up is to never allow yourself to get behind in the first place.

By taking a proactive, consistent, and systematic approach to managing accounts receivable, a business can avoid the cash flow issues caused by not receiving payments on time, or worse, not getting paid at all.

Establishing best practice processes for your accounts payable, from the initial handling of the actual invoice through to processing and approval, will save you time and money, reducing unnecessary costs (such as interest and late fees) and increasing your operational efficiency.

Getting started with a bookkeeping service requires some prep work. You must first select a bookkeeping service that is right for you.

When implementing an accounting system such as QuickBooks, a business owner must decide whether to manage it on their own or outsource it to someone else. This article covers a few factors a business owner should consider before deciding to do it themselves with QuickBooks.

Over the last three years, more and more businesses are embracing virtual work. Working virtually eliminates the need for paper and provides convenience, flexibility, and efficiency.

Here are seven key performance indicators (KPIs) that every owner should consider when measuring the performance and profitability of their business:

Understanding the distinction between revenue and cash flow is key for you to feel confident your company is on track for success and is financially healthy.

Do you lack financial clarity for your small business? If so, you have company. About 60 percent of small business owners aren’t confident in finance and accounting.

Is improving your financial health a goal for your business heading into 2022? If so, great! But have you thought about what it will take to reach that goal?

Every business, large or small, needs an annual plan. Have you started yours for the coming year?

Small business owners often rely on their own understanding to manage their businesses’ financials--maybe because they believe that accountants are only there for tax preparation. But accountants can fulfill a much larger role, serving as a financial guide for the business.

Do you have an accurate way of tracking and recording the money that is coming in and out of your business? A better way to ask this question might be: When you need information about a past transaction, how easily are you able to find it?

As a small business owner, the way you lead reflects heavily on the success of your business. You want your team to react positively to your leadership style, but with so many factors to base your strategy on, it can get complicated, especially if your team begins to question why and how you do things.

In the US, 29 million small business owners rely on QuickBooks to help them manage their finances. It’s no coincidence that so many people rely on this tool to help their businesses succeed. While there are plenty of business owners reaping the full benefits of QuickBooks, many are not taking advantage of its full potential.

Despite the best of intentions, many bookkeeping tasks often get shifted to the back burner so you can focus on other aspects of running a business. We need to stay forward-thinking and look at the actionable steps needed to make year-end as smooth as possible.

You’ve probably heard that using data to make decisions leads to a successful business. But the truth is it's not the data. Data is everywhere and it’s abundant. You don't just need more data. Instead, it’s efficient data that really drives you to make the best decisions for your business.

It’s never too soon to start thinking about your end-of-the-year financial tasks. In fact, it is advisable to set aside some time each month, and quarterly, to evaluate your financial strengths and weaknesses. This way, when the end of the year rolls around, you already have a good grasp of the way your finances have been working for your business.

You probably understand what it means to outsource your accounting and have a good idea of the services you’ll receive when you hand your accounting over to an expert. However, you might be wondering if it’s really worth it. You’re likely asking yourself, “what is the ROI of outsourcing my accounting?”