Avoid One-Size-Fits-All Business Solutions No two businesses are exactly alike. Whether your points of differentiation center on brand personality, geography, pricing structure, size, or the fact that you bring fresh cookies to every meeting, you do something that sets you apart from the competition. If you’re not a carbon copy company, why do you rely on carbon […]
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Tips for Using QuickBooks To Manage Personal Finances Without question, QuickBooks is one of the best tools for managing your company finances. Companies of all sizes use this business accounting software because of its simplicity, ease of use, and affordability. However, as a business owner, you might not have yet considered using QuickBooks as a
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Top Small Business Accounting Tips in 2024 Small business owners wear several hats– balancing tasks and challenges in the areas of marketing, hiring, customer service, and financial accounting. Some of the very best basic accounting tips and tricks for small business owners in 2024 include: Accurately Record All Sources of Income Incoming cash flow isn’t
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Helping Small Businesses Achieve their Dreams Minneapolis based Owl Bookkeeping and CFO Services provides a reliability, consistency, and expertise that has helped hundreds of businesses grow beyond their wildest dreams. Our bookkeeping, controller and CFO services provide your business with a dedicated, experienced team working to ensure all financial information is handled both accurately and
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Capital Expenditures Necessary Expenses to Keep Your Business Going Capital expenditures (or CapEx if you are being all in the know) are expenses necessary to keep your business rolling. Some capital expenditures do not have a clear and quantifiable ROI, but they are still important. This list includes furniture, office equipment, computers, and pens (since
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When to Get Bookkeeping and CFO Help If you are pulling your hair out and spending much of your time under the desk in the fetal position, you already know that it is time to get help for your business. What about less acutely awful situations? How can you stay ahead of the game and
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What to Expect from a Bookkeeper Do you know your bookkeeper’s job description? Do you have a bookkeeper? If your answer to the first question is “Um, keeping the books?” and your answer to either question is “no,” consider this a (very) friendly intervention. Bookkeeper Job Description A bookkeeper’s job is, yes, keeping the books.
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Sustainable Sales Growth Q: How can your business make more money? A: Increase sales. Simple, right? Not so fast, Speedy. Growing too much, too fast can put a strain on your cash flow. Strain it excessively, and you will have grown yourself out of a job. Here is a simple formula to help you determine
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Driving Cash Flow Through Sales, General & Administrative Expenses Sales, General, and Administrative Expenses (SG&A) is a long-winded way of saying “overhead.” We have compiled some essential rules of thumb when it comes to using SG&A as a cash flow driver. Rule #1: Cut carefully The easiest cuts are usually the ones that have the
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Expenses: SG&A vs COGS What Is SG&A? SG&A stands for Selling, General & Administrative Expense. SG&A is reported on a business’s income statement and reflects the sum of all selling expenses (both direct and indirect). Just what the acronym stands for, it’s the tracking of these three expenses, essentially a summary of all the expenses
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