Blog
Why Small Businesses Should Move Away from Paper Checks to Electronic Fund Transfers
Paper checks may have been a reliable payment method for years, but today, they come with hidden risks that can jeopardize your business's financial security. With a rise in check theft and mail delays, it’s time to consider switching to Electronic Fund Transfers (EFT). EFT offers a safer, faster, and more efficient way to handle payments, protecting your business from potential disruptions and fraud. Discover why transitioning to EFT is a smart move for safeguarding your financial health and ensuring smoother business operations.
5 Practical Tips to Speed Up Your Accounts Receivable Turnaround
Struggling with late payments? A streamlined accounts receivable process can make all the difference. In our latest blog, we share 5 actionable tips to help you invoice in real time, avoid costly errors, and set up an effective collections strategy. By making it easier for your clients to pay you and staying on top of overdue accounts, you’ll improve your cash flow and keep your business running smoothly. Read more for practical ways to speed up your A/R turnaround and boost your financial health.
Unlock Efficiency: The Essential Benefits of Automating Your Accounts Payable Process
Timely and accurate vendor payments are essential for small businesses to maintain strong relationships and ensure smooth operations. In this blog, we explore the importance of paying vendors on time, the significance of accurate payments, and the benefits of automating accounts payable. For QuickBooks Online users, tools like QuickBooks Bill Pay offer a streamlined solution with AI-assisted data entry and flexible payment options. Xero users can also benefit from Bill.com, which integrates seamlessly to automate invoice processing and payments. Discover how automation can save you time, reduce errors, and support your business's growth!
Why Timely and Accurate Vendor Payments are Critical for Small Businesses
Paying vendors on time and accurately is crucial for maintaining strong relationships and avoiding costly penalties. Automating your accounts payable process not only saves time but ensures precision, reducing disputes and improving cash flow management. With QuickBooks Bill Pay, you can streamline payments, leverage AI-assisted data entry, and enjoy flexible payment options—all while integrating seamlessly with your QuickBooks Online system. As a QuickBooks Pro Advisor, I can offer my clients a 30% discount on QuickBooks Bill Pay, helping you save money while simplifying your payment process. Reach out today to take advantage of this offer!
Why You Should Collect W-9 Forms from Contractors Throughout the Year, Not in January
Collecting W-9 forms from contractors throughout the year is a simple yet essential practice for small businesses. This blog explains how early collection reduces tax season stress, ensures compliance, and helps avoid last-minute errors with 1099 filings. Learn the benefits and best practices for safeguarding sensitive information and staying ahead of the IRS deadlines.
Understanding Profit and Loss Statements: A Practical Guide for Small Business Owners
Feeling lost in the numbers game? Your P&L statement can be your financial compass! Our guide breaks it down simply, helping you understand your business's health & make smart decisions.
Understanding Your Business's Health: A Guide to the Balance Sheet
Ever wondered what your business truly owns, owes, and is worth? Look no further than the balance sheet, a crucial financial snapshot that provides a bird's-eye view of your company's financial health at a specific point in time. Think of it as a photograph of your business, capturing its financial state at a given moment.
Understanding the Heart of Your Business: Cost of Goods Sold vs. Operating Expenses
Keeping your business finances organized can feel overwhelming, but understanding two key expense categories – cost of goods sold (COGS) and operating expenses (OPEX) – is crucial for profitability and success. This guide will break down the difference in clear, simple terms, leaving you empowered to make informed financial decisions.
It's Time to Get OSHA Compliant! Annual Form 300A Posting and Electronic Reporting Updates
Staying on top of these deadlines is crucial to avoid potential penalties and demonstrate your commitment to workplace safety.