Tag: small business tips
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Spend vs Expense Management: What’s the Difference and Why It Matters for Small Business
At Neat, we often hear small business owners use the terms spend management and expense management like they’re the same thing. While they’re closely related, they’re not identical. Knowing the difference between spend vs expense management can help you run your business smarter, save money, and keep your finances under control. We built Neat to…
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Expense Tracking for Small Business: A Simple System That Actually Works
At Neat, we talk to small business owners every day who feel overwhelmed by managing expenses. We get it. Running a business means wearing many hats, and keeping track of costs often falls to the bottom of the list. Yet ignoring expense tracking leads to bigger problems like cash flow issues, tax headaches, and missed…
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Understanding Depreciation: A Key to Business Growth
Depreciation represents the contribution an asset makes to your business over time. When a business buys a building and uses it for several years, it’s not practical to expense the entire cost in the acquisition year. Instead, depreciation allows you to spread this cost over the asset’s useful life. Why Depreciation Matters Depreciation is essential…
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Holiday Customer Demand has Changed: How Small Businesses Can Meet People Where They Are
Smart business leaders are taking note as consumer behavior shifts to satisfy the market’s newest wants and needs — especially now that the holidays are here. Nearly 60% of consumers say they anticipate their holiday plans to change this year, and another 15% say they’re not yet sure what will happen, according to Progressive Grocer.…
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Drowning in Disorganized Accounting Books? Here are Your Options.
Businesses never start out disorganized. Chaotic processes and records become that way over time. No matter how long it took for your accounting books to go from tidy to disordered, messy recordkeeping affects your company’s vitality. Research from office supply retailer Staples found that 53% of thriving or surviving businesses stated they had very organized…