Tips for Business Owners
Separate Business and Personal Finances Open a Business Bank Account: Keep business transactions separate from personal finances to maintain clear records. Use Business Credit Cards: This helps track business expenses and builds a credit history for the company. Manage Debt Wisely Understand Your Debt: Know the terms of your loans, including interest rates and repayment […]
Why Best Practices Matter
While each profession has its own best practices, proper accounting and bookkeeping techniques are universally essential. Whether you’re a construction manager overseeing project budgets or a small online retailer navigating complex multistate sales tax challenges, a clear understanding of your financial position is crucial for optimizing every aspect of your business operations. Implementing these seven […]
7 Best Practices for QuickBooks Online
Even if you’ve been using QuickBooks Online for a long time, it’s good to step back and evaluate your actions. “Best practices” aren’t enforceable rules. They’re simply guidelines businesses commonly follow in one area or another. If you’re in retail, for example, one best practice might be to always ask customers checking out if they […]