Financial reports for small businesses aren’t just numbers on a page—they’re your business’s health report card. They tell you where your money is coming from, where it’s going, and whether you’re on track to meet your goals. Running a small business is no small feat. Between managing operations, serving customers,…
small business accounting
8 Articles
8
3 Min Read
Accounting is a demanding job, but when you add running your own business to the mix, it takes this challenge to a whole different level. You probably already know that organization, attention to detail, adaptability, and strategic decision making are the very basic accounting skills. The question is what can…
3 Min Read
Sales are important. Profits are even more important. Cash flow is infinitely more important than both of those. Cash flow is the lifeblood of any business venture, regardless of its size. It is a sign of a healthy business and a vital ingredient for growth. Whether you’re running an established business…
2 Min Read
Have you ever found yourself sitting at your desk after a lovely weekend rest or holiday, facing a huge pile of receipts, transaction documents and bank statements that need to be sorted out? Business ownership is a full-time job, even without adding accounting tasks into the mix. Hiring a bookkeeper to…
3 Min Read
Most small businesses owners lack proper bookkeeping activities in business. One of the most important financial decision a small business can make is to decide how the business financial books are going to kept and managed. You can either decide to do this yourself using an online accounting software that…
4 Min Read
As a small business owner, have you ever look at a financial statement and throw your hands up exclaiming, “What do all these numbers mean?” After all, you’re a small business owner, not an accountant. Hiring an accountant is widely considered best practice for small business owners. But delegating financial…
3 Min Read
Cash is king when it comes to the financial management of a growing business. Managing cash flow effectively requires significant planning on the part of the business owner. Sometimes, what seems like obvious ways to improve cash flow may result in the opposite. Cash is King! The best indicator of…
3 Min Read
Even though paying taxes is one aspect that a small business that most business owners try to avoid. According to a conducted research, over 70% of small businesses in Nigeria are not paying their regular taxes to the government. When you become a small business owner, you acquire a responsibility for…
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