Finance

How to Create a Realistic Business Budget That You Can Actually Use

By Lidia Staron

Creating a budget can be a daunting task, especially if it’s the first time you’re creating one for your business. However, the actual mechanics of doing this are not so complicated. That said, it’s important to keep certain things in mind to make it a successful one that will help you grow your business and see it prosper. 

Victor Butcher, the former president of the Memphis Chapter of the Tennessee Society of Certified Public Accountants says a budget “…it’s like a roadmap for your company. You need the roadmap to understand where you’re going with your business.”

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How Accountants Help Your Small Business Save Money

By Nishi Patel

For small business owners, there is always a need for accountants. They prepare taxes and provide financial advice. In the US, almost nine out of ten entrepreneurs believed that hiring an accountant is worth the expense.  

The Cost of Not Hiring an Accountant

Around half of American small business owners and self-employed individuals obtain an accountant or bookkeeper’s services for their tax returns. Many of them managed to cut their paperwork by at least two hours. It’s also far cheaper for letting them do the work since you can focus your effort in running the business.

Meanwhile,

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5 Ways Billing Software Increases Productivity » Small Business Bonfire

By Matthew McBride

When it comes to sending efficiency skyrocketing, there are various ways to rethink your enterprise standards. Adopting a new software-based billing system is one of the most effective. Making the change lets you fine-tune something you already have to do — keep the books in order.

Billing software comes in numerous forms. From systems that power point-of-sale terminals to integrations that include end-of-month reporting and expense request processing features, there are many platforms with their own unique strengths.

Which type of billing application will complement your business model the best? Here are five of the ways you

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4 Steps to Set Up and Maintain a Budget for Your Startup

By Luke Loftin

As the old saying goes, “In order to make money, you have to spend money.” But you have to know exactly how to spend the money—the goal, the strategy, whether it’s a good deal, and whether or not you can afford it. 

In short, one of the fundamental keys to business success, or even getting your venture off the ground, is creating and maintaining a startup budget. Budgeting for your business can be pretty complicated, but with the help from this guide, it doesn’t have to be. Let’s get started.

1. Assess the Costs of Your Startup 

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