Rolling Forecast vs. Static Budget: Which One Is Better for You?
Imagine two companies beginning a new budget year. One, a mid-sized tech firm, introduces a product that rapidly outstrips all sales projections. The other, a chain of retail outlets in the Midwest, suffers a random interruption in its supply chain as the holiday season begins to boom. Both companies use their budgeting to meet these […]
Startup Accounting: The Books That Need to Be Established Today
Beginning a new business is an exciting venture full of ambitions and innovations aplenty. However, entrepreneurs do not pay heed to the legal risks, tax ramifications, and decision-making importance that are involved in giving careful thought to record-keeping. Without an unambiguous record of transactions entered, a seed-stage SaaS company would have fared very poorly in […]
7 Signs It’s Time to Hire a Bookkeeper
As your practice grows, so does the sophistication of its financial underpinnings. A small pile of bills and receipts that once comprised your bookkeeping can quickly become mountains of unrecorded transactions, misplaced expense reports, and looming deadlines. In an enterprise that must be based on accuracy—where a miscalculation by a decimal point can lead to […]
Year-End Bookkeeping Checklist for Small Business Owners
Year-end bookkeeping has come into force in 2025, and it is a tool of strategic planning to ensure stable financial platforms and pave the way for transparency in operations. This article will accompany a comprehensive guide that attempts to provide a well-rounded, step-by-step way to help the wide-ranging forms of businesses, from local brick-and-mortar to […]
What Every Business Owner Should Know About Bookkeeping
If you are an avid reader of our blog (as you should be), you must know that we have talked so much about bookkeeping and its importance. You know that you can’t really run a healthy and successful business without having your books in order and a messy one can break the back of your […]
Basics Bookkeeping Concepts for Beginners
One of the things that frighten non-accounting people the most is this thing called bookkeeping. Here’s one reason why: you hear all these words like “balance sheet,” “accounts payable,” and “cash flow” and then suddenly feel a little overwhelmed. Little secret, though? If you are new to bookkeeping, it doesn’t have to be rocket science. […]
