We are going to be writing about so much cool stuff to help you grow your business, understand your financials and extract actionable insights. Our team will share with you how cloud, robotic automation, machine learning and AI is changing the way accounting will be done in the future. Sign up for our newsletter and check out our blog every Wednesday. You will also find useful business resources and tools.
Hiring a bookkeeper can sometimes feel like a burden to your business especially when starting out. Some businesses have even tried going it solo and relying on applications to do all the heavy lifting until things start getting out of hand. That is when they...
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Tax evasion is a common malpractice among businesses. While innocent mistakes in reporting might occur every once in a while, willfully evading taxes can have some serious consequences on your business. The difference between tax avoidance and tax evasion is that the former is innocent...
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Keeping your finances in good shape easily be a full-time job for many of us. Between boosting credit scores and making sure the bills get paid on time, there is an incredible number of things that contribute to our financial stability. That’s why it’s so...
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As a business owner, analyzing financial statements gives you key insights necessary for understanding what is working and what requires some improvement. Whether you outsource your accounting/bookkeeping or not, you still need to understand the basics about financial statements due to the magnitude of what...
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Real estate as an industry has many facets that are confusing, and the accounting part is certainly not as easy as many like to think. The success of your real estate business relies on, among other things, the accounting treatment of various items. Business owners...
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I’ll be honest with you: accountants and bookkeepers are some of the smartest people in the business world. They are in charge of maintaining order in a company’s business records, preventing and detecting errors and fraud, setting complex budgets and forecasts, among other things. In...
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We are proud to announce that Profit Matters Bookkeeping has been named a top B2B IT & business services companies in Texas. Clutch releases an annual list of leading service providers across hundreds of industries and locations. Due to years of expert bookkeeping, accounting, and...
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Numerous research reports have shown the tragic failures most entrepreneurs go through in their pursuit of self-employment. A recent report by Bloomberg showed that 8 out of 10 businesses fail within the first 18 months of operation. That loosely translates to an 80% failure rate....
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Many business owners will agree that accounting can be quite boring if you’re not a mathlete. Whether it is recording expenses, separating personal and business transactions, or preparing and generating accounting reports, most entrepreneurs find it difficult to keep up with these tasks. But while...
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Most people have a moderate understanding of the bookkeeping function. Bookkeepers bring specialized skills that cannot be compared to any latest accounting or bookkeeping application. A Software can only help you to the extent that they are meant to, beyond that, you require specialized help...
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