Scammers always have one goal: to swindle your small business out of its hard-earned money. Nowadays, they make clever use of technology to target you. These sophisticated attacks hope to psychologically fake you out – so you won’t realize you’ve been conned until it’s too late.
Don’t be fooled. Keep reading to learn how to protect your business and what scams to look out for in 2022.
You went into business to do whatever it is that you love to do. Unfortunately, somewhere along the line, you learned a hard lesson … running a business requires a lot more tasks than what you originally signed up for. One of the most challenging aspects – a responsibility that strikes fear in the hearts of anyone without an accounting degree – is keeping track of your financials.
Financial statements are not only necessary when you seek credit or a loan, or when you have a board or investors you have to answer to. They are also important for you to understand where your business is and what you need to do to make it better. Thankfully, running financial reports on your company doesn’t have to be a frightening experience. With the right know-how and the right expert support with your bookkeeping, you’ll become a “numbers person” in no time.
The COVID-19 pandemic has thrown most businesses through a loop.
For a while, it looked like we may never get back to normal, and now that “normalcy” seems around the corner, we’ve run into a host of new problems. They range from labor shortages to supply chain issues to what’s become known as a “hybrid workforce,” where formerly remote employees are now splitting time between the office and home.
With all these challenges that seem to continue growing, the last thing you should worry about as a business owner is your accounting. Now is the perfect time to resolve to hire a professional accounting firm to take care of the details you don’t have enough hours in the day to tackle.
As you well know, using a dynamic bookkeeping platform like QuickBooks makes keeping track of your business finances easier. But did you know that there are several applications and add-ons that can make your QuickBooks experience even better?
There are so many helpful apps available that can help you to organize data, automate tasks, and keep better track of your revenue. These apps make it so you’ll always know if you are in the black and offer strategies that can help keep it that way. Let’s take a look at a few of these Quickbooks apps and see how they can benefit your business.
There are a few things that are as important to business owners as having proper accounting support. For most entrepreneurs, doing the accounting for a small business is the least pleasant task. You’d much rather be reaching out to clients, making sales, or networking with other owners. There are so many things that need to be done to run a lucrative business. But not many of us want to sit down and look at our finances.
The reason for this is that accounting can often be intimidating, especially if mathematics isn’t your strong suit. Sometimes it’s hard to understand which financial documents to keep and which ones to toss. Then there are all the worries. Are we getting our maximum refund available? Is there something that we could do to keep track of our spending more effectively? How much of a profit are we making? And finally, who understands the current tax laws? While bookkeeping does seem like an unruly pile of receipts and bank ledgers, with a little help it can all be easily managed.
