11/7/23 — Uncover Hidden Costs Through Diligent Bookkeeping and Take Control of Profit Margins
As a busy entrepreneur or small business owner, closely monitoring expenses often falls low on the priority list. But without diligent tracking, unnecessary costs can quietly bleed your profits over time. The Pain of Insufficient Expense Visibility Trying to balance revenue growth while controlling spending can feel like a losing battle. Messy financial records […]
10/31/23 — Month-End Bookkeeping Process
How to Streamline Your Month-End Reporting and Bookclosing Month-end financial reporting provides vital insight into the performance and health of your business. But for many owners, the closing process feels like a chaotic scramble. Implementing some best practices can help streamline month-end procedures so you gain those insights without the stress. In this guide, we’ll […]
10/24/23 — Streamlining Operations Through Digitized Workflows
Running a business involves constant data entry, paperwork, and manual processes that can lead to wasted time and costly errors. But adopting digital workflows can optimize efficiency company-wide. At Pittroe Business Services, we specialize in digitizing systems to reduce administrative burdens for entrepreneurs and small business owners. In this article, we’ll explore key techniques to […]
10/17/23 — Optimizing Your Small Business Technology Stack
As an entrepreneur, thoughtfully choosing the right set of integrated software tools can enhance every business function. Here’s an overview of key components to consider for your stack: Accounting Software Platforms like QuickBooks Online and Xero provide essential accounting, invoicing, expense tracking, and financial reporting. Prioritize security features like role-based access controls, SSO, and data […]
10/10/23 — 5 Bookkeeping Best Practices to Simplify Your Small Business Year-End Taxes
For many small business owners, the annual tax preparation process can be extremely stressful and time consuming. But implementing consistent bookkeeping habits throughout the year can greatly simplify year-end filing and help identify potential deductions. At Pittroe Business Services, our mission is to provide hands-on support so you can focus on business growth, not administrative […]
10/3/23 — Key Questions to Ask When Outsourcing to a Bookkeeper
As your small business grows, outsourcing your bookkeeping to an experienced provider can be a strategic choice. But finding the right partner requires asking the right questions upfront. Over the years, I’ve made mistakes choosing the wrong outsourced bookkeeper, resulting in headaches down the road. I’m here to help you avoid similar pitfalls! In this […]
9/19/23 — Choose Your Business Structure or “Legal Entity”
Picking the right business structure is a foundational yet complex decision when starting a new company. The business structure you choose will have long-term impacts on everything from day-to-day operations, to taxes, to your personal liability exposure. With options like sole proprietorships, partnerships, LLCs, and corporations, how do you know which one is right for […]
9/5/23 — Summer Financial Health Check: Assessing Your Business’s Financial Well-Being
Do a Summer Financial Checkup for Your Small Business Summer is prime time to assess your business finances and make data-driven decisions to finish the year strong. Follow these 5 steps: 1. Analyze Revenue and Expenses Review income and expenses from the first 6 months. Identify trends in your financial statements. Compare actuals to […]
8/29/23 — The Benefits of Hiring Independent Contractors for Your Business
Should You Hire Independent Contractors for Your Small Business Needs? As an entrepreneur, you regularly evaluate whether to hire employees or utilize independent contractor services. Understanding the benefits of contractors can inform your staffing strategy. Significant Cost Savings Independent contractors offer notable cost reductions compared to employees. You avoid paying for benefits, payroll taxes, insurance, […]
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