Small Business Tips

What is the difference between Accounting and Bookkeeping?

Do you know the difference between accounting and bookkeeping? When many small businesses open up, the owners sometimes use those terms interchangeably but they do have noticeable differences. In your small business, you have to keep up with both functions. Here are the differences between accounting and bookkeeping:  Bookkeeping is the process of the record-keeping of all financial transactions […]

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Business Outlook for 2014: Mixed Reviews (Part II)

In Part I of our look at the business and economic outlook in 2014, we discussed some of the positive trends such as the strong recovery in the housing and energy sectors. In normal times, simultaneous recoveries in these two industries would give us plenty of reason to be optimistic about the prospects in the

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Business Outlook for 2014: Mixed Reviews (Part I)

According to many analysts, the outlook for businesses and the economy in 2014 is mostly positive, with some factors that could be cause for concern. Overall, the economy is moving in the right direction. Entering our fifth year of economic recovery, growth should continue. According to Inc. Magazine’s survey of the CEOs of the 5000

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Simplify Your Life: Ways for Entrepreneurs to Streamline their Businesses (Part II)

Continuing in our series on simplifying your business life, here are two more ways for entrepreneurs to be more productive: Use Paperless Receipts: One of the most daunting tasks for any entrepreneur is the organization of receipts and ensuring they are entered into your accounting spreadsheet. This is especially true if you have numerous paper

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Simplify Your Life: Ways for Entrepreneurs to Streamline their Businesses (Part I)

Starting your own business is a major undertaking, especially if you are a small businessperson that will be doing most of the work yourself. As an entrepreneur, you need to wear a number of hats. From organizing your business to staying in compliance with government regulations to delivering your services, it can become more than

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