This may seem like a simple question, but it is so important to any business that has a petty cash system. We’ve discussed in previous blogs how small businesses is a target for theft. Employee theft unfortunately is no exception and petty cash is a common way for this to occur. In today’s blog post, I want to cover what petty cash is (and what it shouldn’t be!), why it is important to have a good accounting system in place for petty cash and alternates

“Let’s talk about your business financial reports…”

… Not exactly an exciting sentence, right?

But you may be surprised at all the great information hiding in those long columns of dates, dollar amounts and invoice numbers.

For example, did you know that your financial reports can give you hints on how to improve your profit margins?

Or that they can help save you from negative bank balances and overdraft fees?

If your bookkeeping is up to date, and you know how to read your

To Outsource or Not?? ….. The million-dollar question. As a business owner, you have many things to consider when making choices revolving around your accounting. What system will you use? What accounting basis is best for your business? Will you use a fiscal or calendar year? Are there regulations you should know surrounding these decisions? What do you need to know to be IRS compliant? Who will handle your accounting? Today let’s discuss the “who” of your accounting decisions…Should you hire in-office or outsource it?