5 Reasons Why Every Startup Needs An Accountant

5 Reasons Why Every Startup Needs An Accountant

One of the questions many entrepreneurs ask themselves when starting a new business is whether they need to worry about hiring an accountant so early in the game. During the first few months at least, startups are usually battling with limited funds, finding their place in their market and busy focusing on bringing in revenue. An early-stage accountant will be able to offer a wide […]

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Acronym Soup: Finance and Accounting KPIs

Acronym Soup: Finance and Accounting KPIs

B2B…CTR…CRM… No, I am not speaking robot, I am speaking business! There are a ton of acronyms in the business world and while some may be standard to you, it’s still easy to get lost in it all. Key Performance Indicators, or KPIs, are one (of the many) abbreviations that when used in the right way, can generate insights into peak company and employee potential. […]

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Mo’ Money Mo’ Problems: The Difference Between Profit and Cash Flow

Mo’ Money Mo’ Problems: The Difference Between Profit and Cash Flow

You came into work this morning and saw that your business turned a profit last quarter. Congrats! But don’t break out the mimosas just yet. A business can be profitable, yet have no promising signs of cash flow. So then what’s the difference and why does it matter? Profit A great word, we all know what profit means for us — mo’ money! But, by […]

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4 Things Your Tax Accountant Should Be Doing Now

4 Things Your Tax Accountant Should Be Doing Now

To avoid last minute fire drills and a generally stressful first quarter, your accountant should now be laying the groundwork to submit your tax return next year. What should you accountant be doing this early in the game? There are several things. In this article, we’ll take a closer look at four tasks a good tax accountant should have in hand at this important point […]

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How to Prepare for the Next Market Downturn as a Small Business

How to Prepare for the Next Market Downturn as a Small Business

Economic downturns affect everyone, but small businesses may take a bigger hit than larger companies. Operating on narrow margins with a limited customer base, small businesses have an inherent vulnerability. Even a small decline in revenue or increased expenses can cause the company to go under. These issues may be avoided through diligent preparation for the next shift in consumer behavior. By paying close attention […]

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Improve Your Decision Making: Know Your Numbers

Improve Your Decision Making: Know Your Numbers

Most business owners and managers have a good feel for their business and industry. Gut feel and instinct are important, but the true pulse of a business is in its numbers. Here’s how knowing them improves your decision making. Improved Planning and Forecasting A retail manager probably knows without looking at any reports that their sales go up before the holidays. But exactly when do […]

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Business Bots: Robotics Process Automation in Finance and Accounting

Business Bots: Robotics Process Automation in Finance and Accounting

The Terminator is back! – Not really, but, stemming from artificial intelligence, robotics process automation is now a transformational tool driving the future of business and the digital ecosystem. It doesn’t actually involve physical robots sitting at desks, either — RPA enables software robots to mimic and automate business professionals’ repetitive tasks, allowing for redirected focus to value-generating activities and increased worker productivity. They are […]

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Top 3 Insights for Blockchain Companies & Individual Investors

Top 3 Insights for Blockchain Companies & Individual Investors

Of late, there is a lot of excitement surrounding blockchain business, especially with the price of the bitcoin and other cryptocurrencies continuing to break all-time highs. Numerous individuals and companies are making upwards of fifty and one-hundred (and even one-thousand!) times their investment in cryptocurrencies. And dozens of companies are raising hundreds of millions of dollars through initial coin offerings (ICOs). As a result, new […]

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8 Rules of Startup Finance (Investors will look for #4)

8 Rules of Startup Finance (Investors will look for #4)

In the early stages of your company, it can be tempting for you as a founder to want to handle all the financial aspects of your business. From payroll to accounting and everything in between, you want to have control and know what’s going on with your growing business at all times. In reality, though, the time you spend on these tasks is taking away […]

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The Dreaded First Audit (See the Checklist to Prepare)

The Dreaded First Audit (See the Checklist to Prepare)

As the owner of a business, there’s a chance that one day you’ll need to go through the process of having your company audited. And while the idea of an audit may seem a bit intimidating (especially if you’ve never been through one before), the findings of an audit can help you improve your company’s financial processes and reporting in a number of ways. The […]

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