Month: Jun 2020

Accountant vs Bookkeeper: What Do You Need for Your Business??

Though many small businesses use the terms “accountant” and “bookkeeper” interchangeably, these professionals actually provide very different yet complementary services. Bookkeeping refers to the process of recording, storing and retrieving financial transactions, while accounting refers to the systematic process of classifying, analyzing, summarizing, interpreting and reporting financial data. Working in

Why You Need to Track Profit Margins

You don’t need an MBA to know there are two basic ways to increase your profits: increase revenues or reduce costs. The smartest businesses implement marketing strategies and cost-cutting measures that do both, but far too many obsess so much over increased sales that they forget about the importance of

COVID-19 – Best Practice Tips for 2020

As the widespread practice of social distancing continues, many businesses have updated their policies for these unprecedented times. When the only certainty seems to be the unpredictability of this current situation, it can feel like there is a lot out of our control. As business leaders, we have some tried