Today I want to start a series on how small businesses like yours can fight inflation. Because I know that’s one of the top concerns for businesses across the country right now. But I’d also like to know… How’s your business faring? I’m genuinely interested in how things are going and what concerns are topping your list right now in the midst of inflation and the looming recession. The pandemic… Read More
Why is Account Reconciling important?
Time to discuss everyone’s favorite topic: BANK RECONCILIATION! Reconciling is a fundamental accounting process to maintaining accurate, compliant and complete records. in fact, we will not accept clients’ unreconciled records. Reconciliations ensures that money amounts received and spent is the same across all your accounts, banking credit card account, etc. Whether the regular reconciliation interval is weekly, monthly, or quarterly: Good Reconciliation Protocol Will: Quickly Identify fraud and/or theft from… Read More
The Word on Payment Methods for Atlanta Businesses
…payment methods! Try to come up with one thing that’s more important to your Atlanta business than taking in revenue smoothly. Yeah, I couldn’t, either. And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of inflation on your profit margins. Though talk of recession is hanging in the air, it doesn’t mean you have to passively wait for its effects. You can make… Read More
Alleviating Cash Flow Management Pains for Atlanta Businesses
Because we’re talking cash flow management today… with a recession looming on the horizon and the effects of inflation being felt so hard in everyday life, it’s difficult not to freak out over what lies ahead for your Atlanta small business. But, some think a recession might not be all that bad for small businesses… even helpful. While that remains to be seen, one thing I can say is, don’t panic…. Read More
An Accounting Methods Rundown for Atlanta Businesses
Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Atlanta business owners are in the thick of things during this commemorative weekend). Each year as I enjoy the backyard barbecue, I find I am increasingly more and more grateful to those who gave up… Read More
Why Should Atlanta Businesses Care About FASB and GAAP?
Yes, inflation isn’t slowing down, even here in Atlanta. Though it’s not the main thing I’ll be writing about today, I did want to point out this economic elephant in the room for my Fulton County business owner readers and clients, and not just speed on by and into my accounting geekery. One thing is clear … SMB’s are feeling the pinch. But each situation will require a different… Read More