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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. In the beginning stages of most startups, the founder is the manager, marketer, salesman, among other titles. With accounting, you can properly track your company’s sales, expenses, profits and cash flows. Apart of being a successful entrepreneur is wearing many different hats.

CPA 100
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Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

Fortifying Profits: Strategies to Shield Your Business from Embezzlement written by John Jantsch read more at Duct Tape Marketing The Duct Tape Marketing Podcast with John Janstch In this episode of the Duct Tape Marketing Podcast, I interviewed Todd Rammler, president and founder of Michigan CFO Associates.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

Nowadays it can be short—perhaps even a lean business plan —but banks still want that standard summary of company, product, market, team, and financials. That includes aging, account-by-account information (for checking their credit), and sales and payment history. CPAs get sued over bad audits. If you had any, you’d know.

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A Simpler Plan for Startups

Up and Running

For a simple business plan example, imagine a woman making jewelry at home and selling it at a local flea market on the weekend. She might benefit from developing a simple sales and expense forecast , maybe even a profit and loss , so she can plan how to use and develop her resources. Can you live without a sales and expense forecast?

Startup 114
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5 Critical Things Entrepreneurs Need to Know about Managing Their Company's Finances.

Small Business Force

This doesn't mean you have to become a CPA or go take a boatload of accounting courses, but, at least, learn to understand what's in a basic income statement and balance sheet and what they mean. Learn to understand basic accounting and formalize sooner rather than later. What are yours?

Finance 37
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The Hidden Costs Of Managing Bookkeeping On Your Own. Consider These Tips.

YoungUpstarts

When you start a business, you’re the CEO, marketer, customer service representative and human resources manager. Bookkeeping is a critical responsibility since you are recording all day-to-day financial transactions, including receipts, sales and payments to people, vendors and other companies. You wear a lot of hats.

Cost 246
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How to Become Your Own Boss in 2015 (Webinar Recap)

Up and Running

As CEO of Quintessence Group, Melinda educates entrepreneurs and Fortune 500 companies on subjects including small business startup, business development, and social media marketing. The number one job you’re going to have is as a sales and marketing guru. Now let’s talk about how you look at yourself.