In our last post, we reviewed the three parts of a balance sheet: assets, liabilities, and equity.  That is a little dry, so let’s take a look at a real…

Most business owners understand the idea that their Profit & Loss report (also known as an Income Statement) shows the revenue that flows into the business and the expenditures the…

Every business on the planet needs to manage its money.  Whether you’re a solopreneur or have 100,000 employees, good money management is a basic need.  Yet there is little practical…

The Thanksgiving/Christmas/New Year’s holidays are approaching and that often means the small businesses will operate on a skeleton crew. For many businesses, the holiday season is a slow time, so…

Most small business owners aren’t quite sure what a chart of accounts is…let alone loving theirs!  But your chart of accounts helps you not only understand what’s going on financially…

If you think your business is too small for the government to care about, think again. Government agencies, like the IRS, the Department of Labor, and state agencies, have definitive...

Growing your team is an exciting (and scary) thing for small business owners, especially when it comes to classifying team members as employees or contractors.  What’s the difference between an…

Does your business run smoothly when you’re not there?  Do your staff know how to manage the day-to-day things, like processing bills for payment, finding the company policy on holiday...