Financial recordkeeping helps businesses track their expenses and revenue, and make informed business decisions. However, messy books can be costly for a business. It can cause businesses to struggle to accurately track their numbers, cause serious errors in financial reporting, and even result in legal and tax issues.

While good bookkeeping practices can help you meet your financial objectives, poorly tracked finances can cause you serious issues. Avoid the common mistakes and consider the following top habits for good bookkeeping.

From gathering the right marketing resources to putting together an operational guide for each storefront, a lot goes on in setting up a franchise business. That’s why, for a lot of individual franchisees, bookkeeping and accounting processes tend to fall by the wayside. 

The restaurant business is highly competitive. In fact, around 60% of new restaurants fail within.

The Tags feature in QBO provides customizable labels you can assign to transactions (invoices, expenses, and bills). Best of all, there is no additional cost for using this feature. 

Every business experiences growing pains when initially starting out. This is especially true when hiring.