The #1 Startup Accounting Practice You Absolutely Must Be Doing Now (Whether You Are Targeting An Acquisition Or Not)
Put Startup Accounting On Cruise Control Now Or Pay The Price Later A peer at a recent marketing conference shared with me a harrowing story about how her former startup’s poor accounting almost prevented Google from acquiring them. The lawyers required that every transaction and every dollar was accounted for, however, as is the case […]
Top 5 Tools to Help Accountants Manage Clients More Effectively
Gone are the days when bookkeeping for small business, planning and budgeting revolved around physical ledgers, or even excel spreadsheets. While accountants are naturally going to be drawn to processes which allow them to really get into numerical detail and work with complicated formulas, these days there are so many tools available that allow for […]
The Risks Of Giving Out Petty Cash To Employees
The need for small businesses to pay for occasional, unanticipated expenses is never going to go away. Petty cash has traditionally been the way to do it. However, petty cash has problems, so we have a petty cash alternative for you to consider. Petty cash is immediate, easy and you only stand to lose what […]
How To Avoid Expense Surprises At Tax Time
When tax time arrives, it can be immensely stressful for small business owners and their financial accounting teams, particularly if mistakes have been made throughout the year, or if not enough thinking and planning have gone into what needs to be done for the federal tax return. Leaving things until the last minute is […]
4 Signs Of Employee Fraud, And What To Do About It
Many small business owners are too busy to spend time pouring over every petty cash receipt or employee credit card statement—you have bigger fish to fry. Of course you want to trust your employees, but the truth is that workers can unknowingly or knowingly take liberties (aka steal). It may be small amounts—an extra cup […]
6 Must-Have Tools For A Small-Business Mobile Workforce
These tech solutions keep your distributed workforce together You’re a savvy entrepreneur who has worked hard to build a business that’s now growing rapidly—and your distributed workforce is growing with it, spread over an ever-expanding geography. If you have a mobile workforce, it’s crucial that you have the right tools in place to help everyone […]
Gas Cards And Fuel Cards: How Business Debit Cards Can Be Configured To Control And Manage Small Fleet Fuel Expenses
If any of your employees incur fuel expenses as part of their role, you probably already know what a headache the expense process can be, whether you manage a small fleet of vehicles or just a handful of salespeople on the road. You may have considered using large fleet fuel cards for small business use, […]
3 Reasons Why Corporate Credit Cards are So Popular These Days
Advancement in payment technologies has made it easier for businesses to conduct their day-to-day financial operations. According to a report by The Wall Street Journal, an increasing number of companies are now offering their employees corporate credit cards for simpler expense tracking and savings from suppliers. A recent survey by Strategic Treasurer, the “2017 B2B Payments & Working […]
5 Reasons Why Your Employees Will Love the New Bento App
Empowered Employees Are Happy Employees Are Productive Employees What makes your employees happy? While the conventional wisdom attributes employee satisfaction to a fat paycheck, it’s not always the case. As per a recent study, economists at the University of Warwick discovered employee happiness could lead to a 12% increase in overall productivity. When it comes […]
5 Reasons Why SMBs Should Avoid Business Credit Cards
If you’re one of the 28 million small business owners in the US, and looking for ways to finance your business, you may walk away with the best solution at the end of this article. According to a Small Business Credit Card Survey conducted by the National Small Business Association (NSBA) in 2009, a whopping […]
How to Get a Business Credit Card without a Personal Guarantee
If you are a small business looking to streamline your purchases and minimize cash advances, while keeping your business expenses in check, business prepaid cards (aka Employee Debit Cards) are an effective tool that will save you time and money. The challenge that every small business faces today is to offer their employees a business […]
The Benefits of Prepaid Fuel Cards for Fire Sprinkler Company Employees
Sending your employees out to install and inspect fire sprinklers is the bread and butter of your business, so paying for gas for the vehicles is likely to be an almost daily expense for you. In fact, with the regular fire sprinkler testing, maintenance, servicing, installations and violation removals on top, that’s a lot of […]
Business Prepaid Debit Cards: The Business Credit Card Alternative Preferred By Small Business Owners
Business Prepaid Debit Cards vs. Credit Cards For small business owners, managing employee expenses can be a minefield, especially as a business expands and individual employee expense requirements grow. The business credit card used to be the standard option, if you could even qualify. But now the business prepaid debit card, sometimes referred to as […]
