Maximizing Your Tax Savings: 5 Tips for Small Business Owners
As a small business owner, you understand the importance of maximizing your tax savings and keeping more of your hard-earned money. With so many demands on your time and resources, it can be difficult to stay organized and meet tax deadlines, especially when it comes to bookkeeping. But with the right strategies and tools, you... Read More →
Understanding Financial Statements: How to Use Them to Make Informed Business Decisions
As a business owner, you know that keeping track of your financial health is crucial to the success of your company. One important tool in this process is the financial statement. But what is a financial statement, and how can you use it to make informed business decisions? At E3 Bookkeeping, we understand the importance... Read More →
What are the main causes of business bankruptcy? (And how to prevent it)
The main cause of business bankruptcy is the mismanagement of funds. This can happen in a number of ways, such as overspending on inventory, not keeping track of expenses, or taking on too much debt. Businesses can also go bankrupt if they make poor investment choices or are unable to keep up with the competition. ... Read More →
Expense Management: An Ultimate Guide
Are you looking to save money and get your finances in order? If so, you need to start with expense management. What is expense management? At its core, expense management is the process of tracking, approving, and reimbursing business expenses. This can include everything from travel and entertainment to office supplies and marketing expenses. It... Read More →
Using payroll to manage your business
As a business owner, you have a lot on your plate. From managing inventory to keeping up with customer demand, there’s a lot to think about. And one of the most important aspects of running a successful business is managing your finances. One of the best ways to do this is through payroll. Payroll is... Read More →
Your guide to a successful financial audit
As a business owner, you’re likely well aware of the importance of a financial audit. Not only is it a crucial step in ensuring the accuracy of your financial statements, but it can also help uncover any potential areas of financial risk. While the thought of a financial audit may be daunting, there’s no need... Read More →
Bookkeeping: Understand the Basic Fundamentals
Bookkeeping is the process of recording, storing and retrieving financial transactions. This information is used to prepare financial statements, which show a business’s financial position, performance and cash flow. It’s a vital part of any business, and it’s something that all business owners need to understand. The goal of bookkeeping is to provide accurate and... Read More →
Steps in Accounting Cycle
Are you a small business owner who is trying to figure out the accounting cycle? Don’t worry, you’re not alone. In this blog post, we’ll walk you through the steps in the accounting cycle and explain what each step entails. We’ll also provide some tips for staying organized and keeping your finances in check. So,... Read More →
Basic Accounting Terminologies You Need to Know
Are you a small business owner who is trying to wrap your head around accounting terminologies? Don’t worry, you’re not alone. Even experienced business owners can feel overwhelmed by some of the more complex terms. In this blog post, we’ll break down some of the most important accounting concepts, so you can understand them better.... Read More →
Benefits of Expense Management System
If you’re like most small business owners, you’re always looking for ways to save money and operate more efficiently. A great way to do both of those things is by implementing an expense management system. An expense management system can help you track your spending, find areas where you can cut costs, and make sure... Read More →