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(Free Template) The Month End Close Process And Cash Flow

Many business owners have either bookkeepers or staff accountants to handle the month end close process. Honestly, it’s not a savory activity if you are not used to dealing with numbers. Most business owners I know do not get involved much in the accounting practices of their businesses. What can occur is a gap…
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Making Financial Decisions Can Cut Deep In Your Pocket

As a small business owner, your ability to manage your finances may determine the longevity of your business! Don’t you think it’s important to know how to determine if you’re spending more money than your business is bringing in? This is just one aspect of managing your finances that you NEED…
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Why Knowing Ways To Improve Your Cash-Flow Is So Crucial

What does it mean to improve your cash flow? According to Inc.com, revenues are still somewhat of a pipedream for most businesses and owners are looking for different ways to get as much cash flow out of their businesses as possible. “It’s a simple enough formula: collect your receivables as fast…
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How To Use QuickBooks And Xero For Your Month End Close Process

Every business owner knows that managing their books is important. One of those tasks to keep their books in order is reconciling your accounts at month end. This is extremely important if you ever get audited by the IRS.  Do you still do it manually? If you are thinking of implementing a new accounting…
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Why Do I Need To Reconcile Accounts For My Month End Close Process?

If you run or operate a small business, it is  your sole responsibility to be financially healthy to operate. To do that, certain bookkeeping and accounting activities must be performed – especially at month end. From employee payroll, budgets, and expenses – your dollars in spending need to match what is…
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My Statements Don’t Match At Month End Close. Why?

  For most accounting and bookkeeping firms, it’s month end and closing the books is part of the job. Or is it? How many small business owners today pay attention to this process? Apparently not many. According to Adra Match, just 28% of respondents said they trust the numbers reported in the…
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