Liquidity in business has nothing to do with water, milk, or juice! It describes how quickly you can sell an asset and convert it into cash. Cash is the most liquid asset of all. Real estate, in contrast, is not quite as liquid because it could take months to sell it to a new owner. […]
18 Small Business Opportunities in 2020
Deciding on the kind of business you want to start is a very big decision. Some require specialized skills that either the owner or employees will need. Others require a substantial initial capital outlay. In any case, it’s always a good idea to consider the health of the industry you’ll be entering in. While we […]
5 Tips for Outsourced Accounting for Non-Profits
Many non-profit organizations don’t have resources to spare and one way to cut those expenses is to outsource their accounting needs to an outside company. Here are 5 tips for non-profits considering this option: Set Up Your Processes Properly If you’re organization is new, you’ll want counsel from a professional service to make sure your […]
5 Reasons for a Non-Profit to Use QuickBooks
QuickBooks is an accounting software program which has been adapted for various types of companies, including non-profit. Here are 5 reasons your non-profit organization should use QuickBooks: Quickbooks is Well-Established & Proven QuickBooks has been around for many years, with supported updates and online service. Because it’s so prevalent, there are many sites and videos […]
5 Key Services Your Virtual Accountant Should Provide
A large number of tasks fall under bookkeeping and accounting areas. In your first meeting with your virtual accountant, they’ll want to know what you need them to do, so it’s important to narrow the field to what you really need help with. Here are 5 key services most companies will want to have their […]