AccountingSuite™ is helping small businesses leverage a new sector of the accounting software market with a solution that bridges the gap between entry-level solutions and ERPs. This new category of software—called PROP (Process and Resource Operation Planning)—provides businesses with the ability to create their operational infrastructure using a framework that is more specifically designed to … Read more
American businesses are growing, even in the face of the pandemic. In 2020, 4.3 million new business applications were filed, up 51% over the 2010–2019 period. Despite the incredible growth, it is tough to keep a business profitable. About 20% of new businesses fail within the first year. Starting and growing a business is an … Read more
Cash flow management is an indispensable aspect of any business looking to achieve success and profitability; However, many small business owners have very little cash on hand. In fact, according to a recent survey, the majority of small business owners have less than $5,000 of cash on hand at any given time. This makes it … Read more
Ever think about how accounting and sustainability go hand in hand? It may not be the first connection one makes when thinking of their accounting habits. We would all love to be greener; And as much as it is a want, it also is a responsibility to uphold being a citizen of our planet. In … Read more
An increasing number of companies rely on business process management (BPM) to help them stay competitive. BPM is designed to map out processes in order to streamline them, increasing both efficiency and productivity. Here are four common business pain points that can be fixed with BPM implementation: No. 1 — Reducing Labor and Operational Costs … Read more
And the winner is… Soulteria’s Alissa Millett celebrated her victory in the “Xero Beautiful Business Contest” by showcasing her newly designed inspirational, yet functional home workspace. As part of the Xero contest, Millett’s home office was designed by celebrated stylist and interior designer Estee Stanley. Ben Richmond, US Country Manager at Xero, says the contest, … Read more
With National Small Business Week over, now is a good time to look at how business owners appear on their personal tax returns, suggests tax attorney Barbara Weltman, author of “Small Business Taxes 2022.” Every year, the Internal Revenue Service tabulates different categories of data from tax returns, and publishes the results in its Statistics … Read more