How to Estimate Startup Costs for a New Business

  Confused on how much money you’ll need for your startup business?  Don’t worry, we have put together a simple approach to breaking down this mystery and creating a clear picture of the funds that your startup business will require. COST CATEGORIES Keep in mind that different types of small businesses will have different types...

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Tell us if this doesn’t feel familiar…. Frequently, it feels as though everyone in their field of profession is berating you for doing something the “wrong way”. The “wrong way” – according to them. You’re “wrong” because you don’t utilize a specific type of accounting software, you’re “wrong” because you do your own bookeeping, etc....

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Did switching your calendar to November 1st throw you for a head-spin? Us too.  But while we are more mesmerized by how fast this year came and went, many business owners routinely find themselves unprepared and scrambling to correctly close their books at year-end.  We know how overwhelming the year end-procedures can be, especially if...

Constantly evolving with the change of company processes, your chart of accounts should be reviewed on an annual basis. Having an organized chart of accounts provides an accurate snapshot of how your business is spending and receiving money. While reviewing, it is crucial to find the balance between having enough accounts that your financials are...