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...
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...
Introduction If you’ve been running your business for a while, you’ve likely experienced the stress of falling behind on bookkeeping. According to a survey by Intuit, 64% of small business owners feel they are not equipped to handle their financial needs, and one of...
Introduction Running a business is no easy feat, and for many entrepreneurs, bookkeeping is one of the most challenging tasks. In fact, a study by Clutch revealed that 39% of small businesses rely on manual bookkeeping methods, which often leads to errors, missed...
Bookkeeping is one of the most essential yet challenging aspects of running a small business. A survey by SCORE found that 40% of small business owners consider bookkeeping and taxes the most difficult parts of their operations. Of those, 29% spend over 10 hours a...
Introduction Bookkeeping backlogs can severely hamper your business’s ability to manage finances effectively and make informed decisions. According to a report by Entrepreneur, nearly 82% of small businesses that fail cite cash flow problems as a contributing factor,...
Bookkeeping is the backbone of any successful business, yet it’s one of the most commonly neglected tasks. When bookkeeping falls behind, it can create a snowball effect of financial inaccuracies that may threaten the stability of your business. According to the Small...
A bookkeeping backlog can be a silent burden on your business, piling up over time and creating a mountain of work that feels impossible to overcome. According to the National Small Business Association, 40% of small business owners spend over 80 hours a year dealing...
Introduction Many small business owners take on the task of bookkeeping themselves, believing it will save money and give them greater control over their finances. However, according to a survey conducted by Clutch, nearly 40% of small business owners reported making...
Introduction In an effort to enhance transparency and combat illicit financial activities, the United States has introduced Beneficial Ownership Information (BOI) reporting requirements. These new regulations are set to impact companies operating in the U.S.,...
