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As a small business owner, getting a handle on your business’s financials doesn’t mean you have to be an accountant. However, you do need to know what the numbers mean and where they come from. Understanding your business financials is critical to your business success, which is why we’ve made it easier for you to […]
A lot of small business owners use Microsoft Excel to manage their accounts. Some use Microsoft Word, some just use a notebook and pen. I love Excel, especially because it makes it super easy to create and copy calculations, and many other features which will save you time. Excel definitely has its place in accounting, […]
I have a relative who’s been running a lucrative business for a couple of years now. But, even after years of operating, he still struggles to pay his staff their salaries and wages on time. While there may be many reasons for this, my guess is that managing small business finances is not his greatest […]
A lot of small and medium-sized businesses aren’t aware that they can use reports to check on the health of their business, instead, they rely on their bank account balances to ‘guestimate’ their business’s financial position. Unlike a bank balance, reports tell you how, where and when you earn and spend your money and how […]
Being a start-up business owner in my spare time, I know that many of us start-up and small business owners aren’t masters at creating and interpreting business reports. However, insight from these reports can help us manage our businesses better, so it’s important that we can at least read them and make some wise deductions, […]
Sage Summit is the largest gathering of small and medium businesses in the world. If you haven’t registered, and aren’t yet convinced that you need to attend, consider these five reasons: Killer music Sage Summit 2015 closed with a bang! The grand finale this year won’t disappoint either! It will feature Grammy-nominated band The Killers […]
Start-ups and small businesses can find it tricky to decide which accounting package to use. Price and features, like bank feeds, are important, and so is reporting. Financial, sales and other business reports tell a story about your business. You should rely on your reports to see how your business is doing and make smart […]
RAM Enterprise, Inc. provides industrial maintenance and construction services to the mining, aggregate, chemical processing, and power generation industries. The company also has a manufacturing arm, IMTECH Rubber Products, which manufactures and markets a line of rubber products aimed at wear, abrasion, dust containment, and noise reduction solutions in conveyor belt applications. With 200 employees and service centers located […]
A 2013 Aberdeen Group report found that small and midsized businesses, like yours, faced the same problems when dealing with business information every day which drove them to exploring BI solutions. It found that: 42% made business decisions based on inaccurate or incomplete data. 34% experienced a lack of operational visibility and inefficiency. 32% […]
In February, IDG Research Services was commissioned to conduct a study of medium-sized businesses in North America and Europe to determine the relationship between improved data access and usability and business profitability, revenue and projected growth. The findings were enlightening, and are encapsulated in this one sentence: Companies with more accessible, usable, and intelligent data grow 35% faster. […]
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