Accounting

10 Tips for Keeping Your Books Out of the Red

    No one plans on their business being in the red. To say that “it just happens” is so wrong. It’s plain and simple a business’s numbers plummet into a deep red due to lack of good accounting and bookkeeping.

    There are plenty of ways to avoid it though. Two top reasons businesses fail are due to poor accounting and the lack of a “cash cushion” when they would need it in an emergency to help them stay afloat or just break even. 

    Here are 10 ways to be sure to keep your books out of the red, and to help your small business stay in the air, not on the ground.

Why You Should ACTUALLY Listen to the Customer Buying Your Software

There is no doubt that I could find about 6 different types of software that would each best handle what I need for managing a small business. Plenty exist, but most specialize in just one type of function. One for payroll, one for doing taxes, one for producing the best invoices, one for CRM, one for inventory, and one for time clock. The problem: who wants 6 different types of software?

Why OutSOARcing is Smart!

Outsourcing your bookkeeping to Osprey Accounting is a much lower cost than hiring a full or part time employee. The average salary for a bookkeeper is $40,000 per year.  Once you factor in payroll costs, health insurance, vacation time, and the cost to hire and oversee an employee you could end up spending on average $56,000 per year. But what if you could spend as little as $1,200 per year? That's saving almost $55,000.  Can anyone say brand new car?