ScaleBlog
Everything You Need to Know to Start, Manage and Grow Your BusinessHow Can Automated Bookkeeping Streamline Your Business?
Whether you're launching a new small business or have been running one for years, you know how many different hats an owner has to wear. Maybe you have a budget for hiring enough employees to delegate to. But if you don't, you're likely marketer, manager, customer service, and public relations....
8 Small Business Tax Deductions You Didn’t Know About
Did you know that there are over 27.9 small businesses in the United States? Whether you're just starting your business or you've been at it for years, you're going to want to be prepared for when tax season inevitably hits. While nobody loves paying taxes, they are a necessary part of being a...
Online Bookkeeping Versus CFOs
As a small business grows, financial management becomes a more delicate task and as such requires professionalism and financial intelligence. As a business owner, it is important to focus on growing your company, gathering new market, gaining a reputation. This requires a large amount of your...
Best Ways to Avoid a Forecast Error
Even though a lot of companies use analytical software, up to 93% of them will adjust any forecasts generated by it. This statistic shows how unreliable people think this software is. However, you can still use it to predict the future of the market. The problem is that forecasting errors can...
What to Expect from a Compliance Check
The last thing you want is the IRS on your doorstep, set on conducting a compliance check. But with the IRS collecting a reported $458 billion less per year in taxes than what Americans actually owe, there's a fair chance they might come knocking. Here's how to get prepared - and how to make...
How Does Online Bookkeeping Make Your Job Easier? Why You Should Have an Online Bookkeeping Software
How does online bookkeeping make your job easier? What an attractive question, fledgling small business owner; I'm glad you asked! Here's something to ponder: about 20% of small businesses will fail within the first year, and even more fail within the following few years. That would be a dismal...
Benefits of General Ledger Accounting Systems
The general ledger is the definitive and comprehensive statement of all your company's financial activity. It is also the most time-consuming, complex and misunderstood tool for a business owner. Do you fully leverage its information to make the absolute best strategic and financial decisions...
TCJA Update: Meals and Entertainment [Infographic]
As of January 1, 2018, the Tax Cuts and Jobs Act (TCJA) is now in place, and comes with new implications that could impact your business. Although the tax reform has been enacted, the IRS will still be releasing more detailed information and regulations throughout the year. Stay tuned -- we'll...
Tips for Sticking to Your Sales Budget
Whether you're new to business or not, you can probably discern that your sales budget is the absolute core of your operating budget. If you fall short on sales, you set off a chain reaction that could risk undermining the success of your business. The major issue is that your sales budget...
Understanding P&L Statements: Everything You Need to Know About Profit and Loss Statements
Owning a company requires adopting financial responsibility to strategize ways to make a profit, even when business isn't going well. The easiest way to do this is by developing P&L statements. P&L statements, or profit and loss statements, document where revenue was gained and money...
10 Accounting Tips to Help You Keep the Books Balanced
When you make an accounting mistake, it can halt the growth of your small business and put you on shaky ground. Luckily, there are a lot of accounting tips floating around out there just waiting to be put to use. In this roundup, you will find ten of the best tips out there to avoid common...
Does Your Small Business Need a Tax Accountant?
Because of the size of most small businesses, 75% of small businesses are considered "pass-throughs", meaning taxes are paid at the owner's personal rate. This could be a serious burden for small businesses in their first years. If you're not prepared to pay such a high rate of taxes, you might...
Why Small Businesses Need Great Expense Policies (And How To Create Your Own)
Here’s why even small teams need good expense policies—along with 5 best practices to help you create a policy that meets your company’s needs. One of the great things about being part of a small company is getting to work in an environment free of the bureaucracy found in larger...
Why Smart Forecasting is Essential for Any Company
From the smallest home business to corporate giants like Nestle, smart forecasting pays off big time. When you have up to date information and accurate projections for the future, you can make smarter, more informed business decisions. This means you can be prepared to take advantage of every...
10 Key Benefits of Using an Online Billing System
Studies have shown that 56 percent of bills in the U.S. are paid online. There's a reason online billing has become so popular. It's fast, easy and convenient for both you and your customers. Is your business benefiting from an online billing system yet? If you're ready to save time, money and...