How to Avoid Losing Track of Finances

One of the critical indicators of a successful business is accurate and detailed accounting. Effectively managing your business finances can be the difference between profitability and bankruptcy. Consider the consequences of poor business accounting and how to avoid losing track of finances.

How to Avoid Losing Track of Finances

What Is Balancing the Books?

You might have heard of an accountant having to “balance the books” every tax season, or at the end of every fiscal year. Individuals have to balance their own personal books as well to ensure all of their affairs are in order for the upcoming financial season. But what is balancing the books, exactly? And why is it so important? 

What Is Balancing the Books?

Ways to Cut Hotel Costs Without Hurting Employees

CEOs and financial advisors often find themselves getting stuck between a rock and a hard place as cutting costs usually leads to employee discomfort. What can you do? How can you cut accounting costs without hurting the folks who work for you? 

Ways to Cut Hotel Costs Without Hurting Employees

Most Expensive Mistakes for New Restaurant Owners

Owning a restaurant can be a great financial investment. There are a number of benefits to owning a restaurant. You get to provide great food to your community, good restaurants are in high demand, and there is a lot of opportunity for financial success. The first five years are integral to the long-term success of your restaurant.

Most Expensive Mistakes for New Restaurant Owners

5 Money Mistakes to Avoid if Buying a Franchise

New business owners can essentially purchase a shop start-up kit that already includes an established name, inventory, and rulebook. A lot of things are already set up so you can hit the ground running. But is running a franchise really that easy? 

5 Money Mistakes to Avoid if Buying a Franchise

Benefits of Financial Dashboards

The advancements in finance and business technology offer effective solutions to business owners in any industry. Financial dashboards are a way to see key data about your business quickly and in a concise way. Our guide proves some info on the benefits of financial dashboards. 

Benefits of Financial Dashboards

Top 7 Common Financial Mistakes of Construction Companies

The construction industry comes with a number of financial challenges. This is due to upfront labor costs, long project timelines, and a lot of materials. Despite the lucrative nature of construction, many financial challenges can impact your company’s bottom line. Below you will find the top 7 common financial mistakes of construction companies.

Top 7 Common Financial Mistakes of Construction Companies

Hotel Accounting Challenges and Solutions

Due to the nature of the industry, hotel accounting and finances can be highly complex. However, there are effective solutions you can implement that won’t waste your time and money. Below you will find the most common hotel accounting challenges and solutions.

Hotel Accounting Challenges and Solutions

Key Performance Indicators (KPIs) – The Vital Signs of Your Restaurant

Quick Service Restaurants (QSRs) is a mature and tough-to-survive industry. The profit margin is low, ranging from 5% to 7%. All the more reason to keep monitoring key performance indicators (KPIs) to stay on top of business needs.

Key Performance Indicators (KPIs) – The Vital Signs of Your Restaurant

Guide to Controlling Expenses in a Company

Finding effective ways to control your expense can ensure your company stays afloat no matter what comes your way. In this article, you will find a helpful guide to controlling expenses in a company. 

Guide to Controlling Expenses in a Company