Bookkeepers, Bookkeeping, Financial records, Tax Report
According to a study by the U.S. Small Business Administration (SBA), poor financial management is one of the primary reasons why 50% of small businesses fail within the first five years. For many businesses, especially small and medium-sized enterprises (SMEs),...
Bookkeepers, Bookkeeping, Bookkeeping mistakes, Cash Flow, Tax Report
According to a study by SCORE, an organization that mentors small businesses, 82% of small businesses fail due to cash flow mismanagement, emphasizing the importance of maintaining accurate and organized financial records. Bookkeeping plays a crucial role in helping...
Benefits of bookkeepers, Bookkeepers, Bookkeeping, Cash Flow, Catch up bookkeeping, Financial records
Financial records are the backbone of any business, providing crucial insights that drive decision-making, compliance, and growth. Maintaining accurate financial records is not just about keeping track of expenses and revenue; it’s about ensuring that every financial...
Bookkeepers, Bookkeeping, Cash Flow, Small business
Running a business is no small feat. Between managing day-to-day operations, leading your team, and strategizing for growth, there’s little room left for handling financial complexities. Yet, effective financial management is the backbone of a successful business....
Bookkeepers, Bookkeeping, Cash Flow, Hiring bookkeepers
Keeping a steady cash flow is a key element for business success, yet it’s one of the most challenging aspects for many small businesses to master. In fact, according to a study by the U.S. Bank, 82% of business failures are due to poor cash flow management skills or...
Bookkeepers, Bookkeeping, Catch up bookkeeping, Hiring bookkeepers
Bookkeeping can either be a tool that empowers your business or a source of significant stress. In fact, according to a recent study by Clutch, 61% of small businesses believe that their bookkeeping and accounting skills are insufficient to maintain healthy financial...
Bookkeepers, Bookkeeping, Catch up bookkeeping, Hiring bookkeepers, Small business, Tax Report
Bookkeeping is one of the most critical yet often overlooked aspects of running a small business. According to a survey by SCORE, 82% of small businesses fail due to cash flow mismanagement. Many of these failures stem from poor bookkeeping practices, which can lead...
Bookkeeping, Catch up bookkeeping, QuickBooks, QuickBooks ProAdvisor
Bookkeeping is the backbone of any successful business. It ensures that financial records are accurate, up-to-date, and compliant with regulations. However, if you have fallen behind on your bookkeeping, you may find yourself overwhelmed with the daunting task of...
Bookkeeping, Bookkeeping Backlog, Bookkeeping mistakes, Catch up bookkeeping, Tax Report
Accurate bookkeeping is the cornerstone of a successful business, yet many small business owners struggle to maintain it. According to a 2022 study by Clutch, 25% of small businesses still rely on pen and paper for bookkeeping, while nearly 40% of businesses admit to...
