6 Signs It’s Time to Outsource Your Finance Department

Your company’s finance department is the heart of your organization. It utilizes so many of the crucial functions that keep a business running. Many small business owners take an active

Share
Small Business Accounting Guidelines: Steps For Running & Scaling Your Business

Small business owners have a lot on their plates. Today, you’re CEO. Yesterday, you were leading a sales meeting. And tomorrow, you’ll be working with marketers to generate leads. Your

Share
Preparing & Reviewing An Accounts Receivable Aging Report

It doesn’t take long in the business lifecycle for small business owners to get acquainted with their accounts receivable (AR) aging reports. AR aging reports offer a simple way for

Share
9 Improvements For Your Accounts Payable Processes

When you’re just starting out with business accounting, your company’s accounts payable (AP) process might seem like a static workflow that doesn’t change much. But in fact, the opposite is

Share
Top 6 Benefits to Outsourcing Accounting & Bookkeeping

Your business can’t survive without accounting and bookkeeping. These tasks, although essential, take up more time and resources than you’d expect. Smart business leaders outsource accounting and bookkeeping to minimize

Share
9 Accounting & Bookkeeping Best Practices of Successful Businesses

Establishing accounting and bookkeeping best practices for your small business is an important priority. The sooner you manage your business’s finances the right way, the sooner you can stop worrying

Share
Profit Margin Drivers for a Service Business

Many service businesses are small, privately owned firms with one owner or a few partners. While many aspire to grow, profitability is more critical because: The paychecks of the owners

Share
How SmartBooks Improved Our Labor Value Multiple by 33%

As a quick recap, Labor Value Multiple is simply a measure of profitability where you take the revenue for a client and divide that by the total cost that it takes to deliver service for that client.

Share
The Labor Value Multiple and Why It’s the Most Important Metric for Service Businesses

One question I get asked a lot is: what is the single most important financial metric I should focus on? Well, if you own or manage a service organization, that metric is Labor Value Multiple, or LVM.

Share
Top Technology for Small Business Accounting

The great thing about modern technology for small business accounting is that there are so many options. But the bad thing about technology for small business accounting is that there

Share