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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. Unfortunately, most small business owners are not accountants and find themselves neglecting this function completely. If you are not able to set this up, hire a Certified Public Accountant (CPA) to help you through the process. Included in this list is the role of accountant.

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The Hidden Costs Of Managing Bookkeeping On Your Own. Consider These Tips.

YoungUpstarts

You will bring the books to the trial balance stage where an accountant (or you) may prepare the income statement and balance sheet. While handling your own bookkeeping for your new small business may initially seem like a cost-saver, the reality is that it can end up costing you more — more money, more time and more headaches.

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Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

A firm offering outsourced Chief Financial Officer services to small-business owners. With his extensive experience in financial management, Todd is a leading expert in implementing strategies to protect small businesses from embezzlement while enhancing their profitability. 03:08] What is employee dishonesty insurance?

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Valuation: Is Your Small Business as Priceless as You Think?

Up and Running

After spending years building your small business , it can be hard to quantify the time and energy you’ve poured into it and the sacrifices you’ve made to get where you are now. Your company probably seems priceless to you, but there inevitably will come a time when you must calculate precisely how much your business is worth.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. Business plan. See Also Small Business Owners, Start Tracking Your Financial Metrics.

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A Simpler Plan for Startups

Up and Running

However, not all business plans are the same , and not every business needs the same level of detail. You might develop a fairly simple business plan first as you start a small business, and that might be enough for you. She might not need to create detailed cash flow , balance sheet , and business ratios.

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How to Become Your Own Boss in 2015 (Webinar Recap)

Up and Running

I had the opportunity to speak with Melinda Emerson, the “SmallBizLady” and America’s #1 small business expert, who took the opportunity to share with us her proven, step-by-step method to transition from employee to entrepreneur. Have you always dreamed of being your own boss? You just want to check her out.