The latest bookkeeping information to help your business.
When you are stuck behind your desk looking at the shining sun outside the window, your work tasks can quickly float to the back of your mind. With so much going on, how can we regain our focus, complete our tasks, and head out into the beautiful world of summer? Luckily, I have four fool-proof tips that can help.
For many small and medium sized businesses, the decision to relieve themselves of their bookkeeping tasks is a major milestone. The decision of when to outsource these tasks can be difficult, as hiring a freelance bookkeeper or a bookkeeping firm cuts into their revenues as an additional cost. On the other hand, allowing for a qualified professional to step in and take over these tasks gives the management team an opportunity to focus more on the day-to-ay activities, and more importantly, how to take their business to the next level.
Contrary to popular belief, small businesses do have decent success rates. The U.S. Bureau of Labor Statistics reports that nearly 50 percent of new businesses are still open after five years. To further your odds of being among them, avoid the three common pitfalls that cause small business owners to lose money: