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Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

According to US Bank, 82% of businesses that fail, are actually profitable but failed to manage their cash flow. Handle payments and manage accounts payable. This task helps you avoid running out of money suddenly — leaving you unable to pay employees, vendors, or Uncle Sam. < All Articles.

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How to Calculate Cash Flow: A Comprehensive Guide

Basis 365

You can download a copy of our basic 13-week cash forecast template to get you started below. Click to launch template and download your copy. The larger or more complex your business spending becomes, the harder it will be to be “accurate” as you’ll need to be thinking about becoming close versus exact.

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Traditional Email Equals Time Wasted and Duplicated Efforts

Lockstep

Using email to manage the inflow of communications and documents to/from customers and vendors may make sense on paper, but when scaling your operations, or when hiccups to your operations occur, email quickly outgrows its welcome for accounting teams.

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[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar

KROST

Paren Knadjian ( Practice Leader, M&A, and Capital Markets ), Stacey Korman, CPA ( Principal ), Sossi Bekarian, CPA ( Senior Manager ), and Jeff Kamin, CPA ( Manager, Accounting, ERTC ) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. Download the webinar handout.

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7 key factors to consider when hiring new accountants for your firm

ThomsonReuters

According to an Institute of Management Accountants (IMA) and CalCPA report , at least 30% of respondents have left organizations because of a lack of inclusion. When hiring, make an effort to bring diversity to your accounting team and consider all elements of the role, including your existing company culture, to find great fits.

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Why email makes accountants’ lives difficult: Data, Reporting and Analytics

Lockstep

If I need to send you an invoice and go into my ERP, download the invoice, and then attach as an email, I can’t track the data easily. In all seriousness, many teams today have an accounting workflow that consists of emailing PDFs and spreadsheets back and forth to each other to be opened, read, and manually updated.

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Managing millennial and Gen Z accountants

ThomsonReuters

Include them in developing frameworks and processes for the accounting profession and contributing to ethical standards and sustainable growth. Prioritize diversity and inclusion in hiring and managing accounting talent. Millennial and Gen Z accountants need clear and frequent communication.

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