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 […]
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 […]
23 Resources that Fuel the Most Effective ProAdvisors
by Shuyi Shang, Accounting Community Manager at Bento for Business If you’ve been in business longer than five minutes, you’ve realized that succeeding as a ProAdvisor isn’t just about being a stellar bookkeeper or accountant. You’ve also got to be able to sell, set prices, schedule appointments, keep your client pipeline full – and […]
5 Fraud Prevention Strategies for Small Businesses on a Budget
Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. In fact, the Association of Certified Fraud Examiners (ACFE) found in 2016 that the median fraud loss at businesses with fewer than 100 employees is $150,000 – the same as it is for […]
Engagement Letter Lingo – Say What You Mean!
Susan Pruskin, a Top 100 QuickBooks ProAdvisor who writes for ClockShark, created this helpful post on how to write good engagement letters. (It’s harder than you think!) An engagement letter is an absolute necessity in any service business. Your client must know exactly what to expect from you. Words can be tricky little things, especially […]
How to Keep Your Construction Business Busy During the Winter
The winter season brings its usual slow onset of business, but it doesn’t mean contractors have to go into hibernation. There are plenty of opportunities to stay busy and be profitable in the offseason Being able to maximize your business’ effectiveness during the offseason for any contractor or company is one of the pillars of […]
10 Tips to Reduce Construction Employee Fraud
Employee theft isn’t very common, but it’s good to have some sort of plan to prevent it or deal with it once it’s happened. The best defense is of course having good, trustworthy employees. However, larger companies have a harder time getting to know all of their employees. If you do happen to have any […]
