Every business owner dreads the audit. Sadly, being randomly selected for an audit isn’t like being randomly selected for jury. If it comes at an inconvenient time, you can’t just say something inflammatory and hope they won’t pick you.
But aside from being randomly selected,...
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, Business Life
, Everyday Finances
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, Two Roads
We have the immense privilege of being named one of the Top 14 Quickbooks Blogs to Read in 2018 by TSheets. TSheets was recently acquired by Intuit and we couldn’t be happier about two of our favorite softwares coming together to better serve the small...
It’s the end of the year and many business owners have a pretty common question...
In yesterday’s blog post we reviewed what your “books” are and exactly why your business cannot thrive without an accurate and up-to-date set. We ended with a question regarding the different relationship your bookkeeper and accountant have with that same set of books.
To start, think...
Most small business owners spend their time looking at finances from the past because they have to.
You have to do some type of bookkeeping for tax purposes. You want to be able to take your deductions and you’re required to have some record of income...
Ever wish you had a CFO in your restaurant to help you run the business?
If you’re a restaurant owner, you most likely know the drill of making sure you have enough cash to cover payroll, sales tax and rent. Maybe you finally had a killer...
We talk to a lot of small business owners like you. What we hear over and over and over again is that you love what you do but you hate the demand of the back office tasks. It is one of the biggest complaints of...
Poor communication is among the biggest concerns businesses have when outsourcing their books to a remote agency. Business owners who are familiar with the outsourcing process understand that communication between yourself, your staff, and your agency isn’t as convenient as walking across the hall and...
In this Two Roads Tip, Bill Piper warns small businesses about the three profit thieves we see most often in the accounts of new clients we onboard.
1. Redundant Expenses
Redundant expenses happen when anyone switches over services (like Internet providers or cell phone carriers) without canceling...
Been in business longer that 15 minutes?
Good - that means you’ve asked yourself questions about your money.
How good are your answers? Better yet - how good are your questions?
The stakes are high when your livelihood is on the line. And good bookkeeping helps keep your...