There are many benefits to hiring a virtual bookkeeper, since you will receive all of the same services but without the limitations imposed by location and set office hours.

Hiring a great bookkeeper isn’t just about remaining compliant; it’s a big step towards improving the financial health of your business and can really help with planning for the future.

Good cash flow is essential to the financial health of your business. In finance terms, cash is comparable to food - without it, your business will run into many health problems and eventually starve. Cash flow problems are often cited as one of the main reasons that small businesses fail, so you need to make this a priority. We’ve put together a list of the most common cash flow mistakes business owners make so that you can avoid these traps and keep your company in good financial stead.

Everyone has a fascination for famous quotes, and for good reason. Some of these have the power to alter one's perspective and outlook on life and even in business.

Optimizing workflow isn't always as straightforward as it seems, with inevitable distractions that frequently present themselves in the background. Here are some of the worst offenders in that regard.

In a rush to hire someone new? It’s not reason enough to breeze through your hiring process. Choose your candidate carefully.

If everything runs smoothly in your business, chances are your team operates at peak efficiency. But every now and then, you may spot some inconsistencies. You may even see stress settling in or people struggling to perform.

Cash flow is the lifeblood of your small business. You need cash coming in regularly to ensure that you can continue operations and pay your staff and bills on time. However, cash flow can be precarious when you’re running a small business and late customer payments or unforeseen costs can cause huge disruption. In addition, it’s normal to expect a temporary period of negative cash flow as you scale up, since you have to spend before you reap the rewards.

Before listing the components of a cash flow forecast, it’s crucial to understand the concept of what this kind of forecast is. Essentially, it’s a vital tool that helps you understand the finances of your business.

As a business owner, late payments from clients and customers can be extremely problematic. As well as disrupting your cash flow and threatening the financial health of your enterprise, late payments cause a lot of hassle and headaches. Fortunately, however, there are steps you can take to ensure that clients pay their invoices in a timely manner. By being organized and employing the following techniques, you can keep late repayments to a minimum and improve your cash flow.

As a small business owner, there’s no greater joy than watching your creation thrive. As you experience success, it’s only natural to think about growth, which is both exciting and intimidating. Starting a business is one thing but scaling up is quite another.

Money leaks in your small business eat away at your profits without you even knowing about it. Even if your business seems to be in great financial health, you should regularly check for leaks to ensure that you’re not unwittingly wasting money. Plugging money leaks can help to reduce your spending and thus boost your profit margins without too much extra work on your part. Here are the most common money leaks to look out for, and how to fix them.

Knowing how to set business goals and align them with personal goals can increase productivity, profits, and employee motivation.

Good cash flow management is vital for your business. A detailed forecast can help keep your finances in check.

Here are the most common accounting mistakes made by small business owners so that you can avoid them. Mistakes compound over time, so it’s important to pay close attention to your accounts right from the very beginning.