Tag: bookkeeping
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Optimizing Your Business’s Financial Strategy for the Digital World
Managing a thriving business is, first and foremost, dependent on how well it can keep up with the competition within ever-shifting markets. While this has always been at the core of business success, it is especially true in the 21st century. With new technology being produced and improved upon at a rapid rate, there is…
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How a Bookkeeping App Lets You Complete Bookkeeping Tasks in Minutes, Not Hours
As a small business owner, you’re starved for time. Seventy percent of small business owners say they’re even too busy to eat during the day. One significant time- (and lunch-) stealing activity? Bookkeeping. Forty percent of small business owners report spending 80 hours per year on accounting and tax prep. Manual tasks like categorizing transactions…
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Ask the Expert: How to Prepare for a Sales Tax Audit
Owning a business of any size that sells taxable goods or services means you may be subject to a sales tax audit at any time. Businesses that sell their products in multiple states are especially susceptible, as any one of those states may select you for an audit. While you may not be able to…
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Inefficient Bookkeeping is Costing Your Small Business: Here’s How to Improve
40% of small business owners spend 80 hours on tax preparation/bookkeeping tasks each year — from manually entering transaction data into a spreadsheet to determining how to categorize transactions. The time spent on this process is frustrating enough. After all, you have other business activities to take care of, such as marketing and budgeting. But…
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Ask the Expert: The CFO’s Guide to Reducing Business Costs
According to the Small Business Credit Survey, 19% of small business owners are hard-pressed to find funds to keep the lights on. While making more revenue would obviously be the ideal solution, reducing business costs is often necessary to ensure the survival of your small business. At Neat, we’ve had to reduce business costs many…
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4 Tips to Improve Your Business’s Finances
Financial management is a pivotal part of every business. A business’s financial health directly dictates how it will operate. No matter how successful your business is, your financial situation should always be improving. Optimizing your finances will set you up for a great second half of the year. Having a healthy reservoir of cash will…
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23 Essential Bookkeeping Terms Every Small Business Should Know
Unless you have a background in accounting, the majority of bookkeeping terms seem like jargon and can be confusing. From “general ledger” to “chart of accounts,” these terms require small-business owners to spend time researching just to reconcile their books. It’s added pressure on top of an already complicated and overwhelming process. In this article,…
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Simplify Bookkeeping with These Five Types of Business Expenses
If you’ve used small-business accounting software, you’ve been faced with dozens of expense categories. (Does printing for a client go under the “Cost of Goods Sold” or “Office Supplies” category?) It can be overwhelming, to say the least. But it doesn’t have to be. At Neat, we’ve found that organizing business expenses into just five…
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The New Neat: How Neat Is Evolving to Help Small-Business Owners in the 21st Century
Age-old processes often have a way of encouraging people to stick to the status quo. And perhaps no business process is grounded in tradition as much as small-business bookkeeping. At Neat, we believe in challenging and disrupting the bookkeeping status quo — as you can see from the transformation of our company over time. Whether…
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You’re Doing Small Business Bookkeeping Wrong (But So Is Everyone Else)
As a small-business owner, you’re a jack-of-all-trades. You can confidently switch your “business operations” hat to “chief marketing officer” hat in the blink of an eye. But when it comes to bookkeeping, a feeling of dread grows in the pit of your stomach. You’re not alone. “I [expletive] hate it — the worst part of…