The Importance of Using an Accounting Service: What’s in It for You?

Running a business is often difficult. You've got plenty on your plate without compounding things by having to do the accounting too. Business owners who do not have a background in this can make things easier by having someone do the accounting for them. When it comes to business practices, a lot of small companies [...]

By |2018-11-08T17:15:39+00:00November 12th, 2018|Accounting Services|0 Comments

Bench Accounting Reviews, Pricing & Alternative | Founder’s CPA

“Accounting is the language of business.” — Warren Buffett As a business owner, you need to wear a lot of hats. Although you can juggle marketing and business development tasks, there is one key area of your business that requires extra special attention — your finances. These days, you can access a range of accounting [...]

By |2018-11-08T17:09:30+00:00November 8th, 2018|Accounting Services|0 Comments

Cash Basis Accounting vs. Accrual Accounting

Running a business means dealing with bookkeeping and accounting. There are two ways of accounting: cash basis accounting and accrual accounting. Here are the differences between the two methods, examples of each, and the pros and cons of both methods. As stated by Investopedia: The main difference between accrual and cash basis accounting lies in the [...]

By |2018-11-02T17:16:30+00:00November 3rd, 2018|Accounting Services, Financial, Startups|0 Comments

inDinero Accounting Reviews, Pricing & Alternative | Founder’s CPA

For nearly a decade, inDinero, an accounting software company has offered various accounting services. Over the years, they have dramatically altered their approach and at one point, nearly went out of business. After restructuring inDinero based on the needs of small business owners, the company is now growing once again. Whether you are a startup [...]

By |2018-11-02T17:21:07+00:00November 2nd, 2018|Accounting Services|0 Comments

Five Ways an Accounting Service Can Improve Your Small Business

Whether you own a global Fortune 500 corporation or a small local retail store with three employees, your financial operations are at the very core of your business. Finance is the one common denominator of all business concerns. While your product or service might represent the heart and soul of your company, money is the [...]

By |2018-11-02T17:16:13+00:00November 1st, 2018|Accounting Services, Entrepreneurship, Financial, Startups|0 Comments

5 Things to Know about Accounting for a New Business

So you’ve always had the idea and dream of starting your own business and you are financially/professionally ready to put it into action. It has taken a lot of hard work and determination to get to this point and your next steps are crucial to the longevity of your new entity. Whether you took [...]

By |2017-08-29T23:43:32+00:00August 29th, 2017|Accounting Services, Financial|0 Comments

Q&A on Mobile Accounting’s Industry Impact– What to Expect?

Recently Eileen O’Loughlin, Mobile Accounting Analyst for the online technology consultancy Software Advice, released a new report which studied the growing trends of mobile accounting on the industry. We had the opportunity to talk with Ms. O’Loughlin to learn a little more about what her research uncovered. Q: What is the difference between [...]

By |2017-03-24T15:22:05+00:00March 24th, 2017|Accounting Services, Startups|0 Comments

Startup Founders– Find Out When to Outsource Bookkeeping

According to a recent survey, 58% of business owners working 60 or more a week said bookkeeping was draining, and almost half of small business owners said it was their least favorite task to complete.  In my experience working with startups and small businesses, this does not surprise me.  In fact, I thought the [...]

By |2017-03-03T14:57:57+00:00January 30th, 2017|Accounting Services, Entrepreneurship, Financial, Startups|0 Comments

A Guide to Prepare 1099-MISC Forms Before the Due Date

You only have a a few days left to prepare and distribute your 1099-MISC forms to your contractors from 2016.  The forms are due to your contractors by January 31st, 2017. The 1099-MISC form reports the total amount of payments you or your company paid to a single person or entity during the previous calendar year. Contractors use [...]

The Iterative Cycle of Startup Accounting

As an Adjunct Instructor at Northwestern University teaching startup accounting, I'm tasked with helping students understand accounting as it relates to startups.  Although the foundational mechanics of accounting are the same across all different business types, there are some special considerations for startups.  Specifically, startups have to develop and implement accounting policies and procedures [...]