I was talking to a software entrepreneur friend the other day. We were comparing notes on how our businesses were faring during the Great Recession.
My friend said that these days, his business is ‘hunkering down’ and just surviving. If the bills are getting paid and the doors are staying open, that is enough for now.
I’ve [...]
It’s tempting to let the cost of something in the past determine the choices we make in the present. But smart small businesses will make choices based on their current goals instead.
With the 2010 version, QuickBooks added a new feature called the Company Snapshot. It gives you a consolidated screen of most-important information about your company’s finances.
There are bar graphs, pie charts, and key lists of accounts. Most of them are related to income/expense trends, comparative figures for current/last year, and most important A/R and A/P accounts. [...]
Small businesses are not at a disadvantage to their big business counterparts as far as accounting goes.