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Looking to strengthen your understanding of business finances? Explore our blogs designed to simplify concepts and help you make smarter financial decisions.

Outsourced Accounting vs. In-House: What's Best for Small Businesses?
Featured
Accounting

Outsourced Accounting vs. In-House: What's Best for Small Businesses?

Small business owners often grapple with a critical question: should you hire an in-house accountant or outsource your accounting? Both approaches have merits, but the best choice depends on your company's needs, budget, and growth plans.

1/15/2024
12 min read
Top 7 Bookkeeping Mistakes Small Businesses Make (and How to Avoid Them)
Bookkeeping

Top 7 Bookkeeping Mistakes Small Businesses Make (and How to Avoid Them)

Every entrepreneur makes a few financial missteps – but some bookkeeping mistakes can cost your small business serious money or headaches. In this post, we highlight the top 7 bookkeeping mistakes small business owners often make and, most importantly, how to fix or prevent them.

1/12/2024
15 min read
How a Virtual CFO Can Drive Growth for a Construction Business
Construction

How a Virtual CFO Can Drive Growth for a Construction Business

In the construction industry, financial management can be particularly complex. Project-based income, long payment cycles, and significant upfront costs mean construction companies face unique challenges managing cash flow and profitability.

1/10/2024
14 min read
How a Virtual CFO Can Drive Growth for a Hospitality Business
Hospitality

How a Virtual CFO Can Drive Growth for a Hospitality Business

The hospitality industry – encompassing hotels, restaurants, bars, and travel businesses – operates on tight margins and a need for constant financial agility. Seasonal fluctuations, changing consumer preferences, and high fixed costs make financial management both critical and challenging.

1/8/2024
16 min read
Year-End Financial Checklist for Small Businesses
Tax Planning

Year-End Financial Checklist for Small Businesses

As the calendar year draws to a close, small businesses should take time to close the books and prepare for a new year. Year-end is the perfect opportunity to clean up your finances, ensure compliance, and set the stage for a successful next year.

1/5/2024
18 min read