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Bookkeeping is an essential part of the business that helps you keep track of your spending and income. However, Knowing where to start a new business or maintaining your books for the first time can be difficult.
Bookkeeping is the process of recording transactions and summarizing them into financial statements, which are used for future analysis.
There are three main…

All businesses, no matter their size, have bills to pay. The larger the business, the more formal the accounts payable process tends to be. That doesn’t mean small business owners can’t benefit from a formal accounts payable process. Too many “fake” bills are being sent, and all businesses should have safeguards in place. Let’s take a look at the workflow…

Aligning personal and company values can drive a company towards success. Why? Personal and corporate value alignment helps identify an organization’s goals while improving employee engagement, investment, and productivity.

Purpose defines why your company does what it does; values determine how your company acts in pursuit of that purpose.

Personal and company values are similar in that they both help…

The equity section of a business’s balance sheet is the most difficult part to understand. The accounts that make up that section vary depending on the type of entity in which the business is structured. In this article, let’s take a look at what the equity section looks like for companies that are organized as partnerships.
The Equity Section
As…

How do you arrive at a price for the products and services you sell? While it depends on what industry your business is in, there are only a handful of foundational pricing methods that are useful to know. Here are several of them.
Time and Materials Pricing
Many service-based businesses price based on the time spent performing the service. An…

Business operating systems (BOS) make companies more efficient and drive them toward their goals. How? These systems help organizations clarify responsibilities, establish precise procedures for resolving issues, identify ways to improve as well as implement the performance and culture they want, as well as provide a range of other benefits.

Read on to learn what a BOS is, how to…

I was recently interviewed by Matt Chancey on Tax-Alpha Solutions which was a great experience! We talked about tax controversy.

Tax-Alpha Solutions features business experts from across many fields. I was fortunate enough to be a guest on the show and found the experience to be entertaining.

Here are just a few of the topics we covered:

● What is…

For small business owners, it seems like there is never enough time to get everything accomplished. One tool that will help you get the most out of your time is time batching, also called time blocking. If you haven’t heard of this before, it can revolutionize the way you approach work.
What Is Time Batching?
Time batching is where you…

HR metrics and KPIs help human resources (HR) professionals guide the development of their organization and track its efficiency.

Peter Drucker, management guru, famously stated: “What gets measured, gets managed.”

These measurements show the methods that are working, aren’t working, and where to focus future efforts. But what measurements should HR professionals be tracking to drive their organization toward success?…