Liability vs. Income: Customer Deposit /Retainer/Advance A quick accounting lesson: A liability is a value that you owe someone. It could be for something that you purchased on account, money you borrowed or an asset that is financed through a bank. Why, then, is money that a customer gives you before you begin a service… Continue Reading
Breed, Lead and Weed the Team
Part 3 in the series of Right From the Start Let’s be unconventional! Let’s say that hiring a team member follows a difference course of events, such as: Defining the company vision, core values and business plan Take stock in the current team vs. required talent to achieve goals Document the flow of information, the… Continue Reading
Go Green and Save Time and Money; Software Solutions
Despite living in the age of e-mail, wireless networks, smartphones, and tablets, many small businesses are still a slave to storing paper. There are a variety of reasons for this. Often, other businesses or governmental agencies demand retaining paper forms or faxes. Sometimes, it’s simply old habits die hard. However, there are software solutions that… Continue Reading
When Should You Hire a Bookkeeper?
Are you buried in paperwork? Running a business requires expertise, organization and a level of commitment that only you can bring to the table. But as you’ve probably discovered, there is a mountain of paperwork, bills must be paid and your checkbook must be reconciled on a timely basis. Click on Full Article to determine… Continue Reading
15 Tips to Simplify Your Life
1. Be clear on your goals, roles and mission in life. Act accordingly. 2. Be selective about who and what you commit to. Don’t say ‘yes’ unless it will help you become your best. 3. Don’t go shopping for anything except groceries for 30 days. 4. Reduce the amount of stuff in your space. If… Continue Reading
