Tag: small business bookkeeping
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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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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…