Guides 6 minute read

How to organize business receipts

Keeping and organizing receipts remains a fundamental yet often overlooked necessity as businesses evolve. In this guide, we'll explore how to organize receipts for business, offer practical tips to help you achieve this with ease, and discover how to develop a sustainable system for keeping your financial house in order.

Guides 7 minute read

5 ways to fight financial fraud at your small business

Many small businesses become targets for crafty financial fraudsters each year, jeopardizing their hard-earned success. Though small business financial fraud cases may not be to the level of Bernie Madoff, financial fraud can devastate a company, eating away at its resources and credibility. Knowing the strategies scammers use to exploit small businesses can provide insight to strengthen your company against attacks.

Guides 8 minute read

What is accumulated depreciation? And why does it matter to my business?

So you’ve invested in assets for your business, but as time passes, their value declines. Did you know that this is actually an accounting concept that impacts your bottom line? Accumulated depreciation is more than a mere reduction in numbers; it’s one factor that shapes your company’s financial landscape. In this guide, we’ll dissect the calculation method for accumulated depreciation, pinpoint where it is in financial statements, and explore why it should be tracked as part of any business’s fiscal health.

Guides 7 minute read

What is an operating account? Does my small business need it?

Every small business story begins with its financial heartbeat – the operating account. It’s the primary account through which daily transactions pulse, enabling commercial activities to happen without interruption. The idea of an operating account may seem straightforward, yet its role is pivotal for the seamless financial management of your business. In this guide, we’ll look at operating account definition, function, and whether your small business needs one.

Guides 8 minute read

How to manage cash receipts for employee reimbursement

Have you ever experienced the chaos of an employee’s reimbursement being delayed due to misplaced cash receipts? It may look like a tiny piece of paper, but it’s vital for validating and tracking expenditures for business transparency and accountability. In this guide, we’ll explore how you can manage crash receipts for employee reimbursement, including the basics of their importance and the crucial ways to keep your financial ducks in a row.

Guides 9 minute read

How to read a cash flow statement for your small business

Understanding the ebb and flow of financial resources is essential for survival and growth. In this guide, we’ll look at your company’s lifeblood: the cash flow statement. We’ll decode the language of your small business’s financial health so you can master this tool that equips you to make strategic, informed decisions to thrive.