One of the most common questions I get from small business owners is: Should I use cash-based or accrual-based accounting? The answer isn’t always simple, but understanding the key differences—and knowing when to make the switch—can have a big impact on how well you manage and grow your business.

Learn about the cash conversion cycle and actionable ways to manage your CCC, whether you sell inventory or services.

Outsourced accounting is a smart move for growing businesses that require expert financial management without the overhead of an in-house team. But if your outsourced firm offers tax services as well, it is a match made in heaven.

Strong relationships with service providers can be the key to unlocking growth and efficiency in your business. Focus on these three things to make sure both the service provider and client are on the same page.

Learn five areas a US-based firm like Accountfully excels when compared to tech-based platforms like Bench or Finalooop.

Relive and explore the greatest content hits from 2024.

Cash is king for any small business. As accountants we understand this intrinsically. Having a relatively smooth and consistent cash inflow and outflow each month is the lifeblood of your operation. Learn how we offer this through our Direct Cash Flow reporting.

Pull up a chair, grab a snack, and learn what these charts of accounts are and why they are so meaningful when it comes time for accurate reporting.

Learn how to get started analyzing your profitability as a service or product-based small business.

Learn what a chart of accounts is and how you need to set yours up as a small business.

We recap the CPG do's and don'ts from The Month End Podcast Episodes 28 through 32.

Smooth and timely filing of estimated quarterly tax payments is key top having a less-stressful tax season. Consult these important tips and dates.

Jordan Buckner of Foodbbevy and Brad Ebenhoeh discuss the importance of forecasting for CPG brand longevity.

Learn how having an accounting team can help you unlock the insights of your Shopify sales and learn just how profitable it is.

Learn the reasons you should embrace a tax extension for your small business. We bust common myths and lay out the reasons an extension can support a stress-free filing process.

Ten reasons that cause a small business to fail and ways to avoid each.

Important details surrounding 2024's Corporate Transparency Act and Beneficial Ownership Information Reporting in one spot. Learn what it is, who is affected, and how to comply.

Here are the greatest content hits from 2023, all in one place.

We have your list of great content to listen and/or watch during holiday travel. Grab your favorite headphones and dig in to some great insight.

As we approach the end of 2023, here are a few tax items to understand and take action on for better outcomes in 2024.

We breakdown the details surrounding research and development tax credit opportunities.

To maximize the success of a forecast, gather the items from this list to help reach your goals.

Consult Accountfully's Tax Guide for a proactive game plan that will make your next tax season a little easier.

We answer the flurry of FAQs we've been getting surrounding the Employee Retention Credit.

We share all of the details surrounding our favorite time keeping tool, Harvest.

We rounded up three common payroll related questions and answered them for you in one spot.

Whether you have employees or a retirement plan of your own–or both, the SECURE Act affects you. Here are the details.

We compiled our greatest hits of 2022's content offerings and share links to all of them in one spot.

Meet Accountfully's Livestream series called Making Cents.

At Accountfully, we help business owners implement the tools they need to successfully grow their business. We empower them to leverage smart software solutions that will give them the power to control and monitor their own finances in real-time—a crucial part of business ownership.

Accountfully helps small business owners translate the new Inflation Reduction Act and learn how it affects them moving forward.

We round up the most commonly asked questions surrounding bookkeeping and share our answers to each.

We recap the topics discussed in the Growth Funding For Your Business Webinar co-hosted by Ampla and Accountfully, and include links to relevant articles.

Just when you start to get a handle on all of the methods you need to implement to stay on top of your business accounting, we remind you of a higher standard of accounting - GAAP.

Pandemic aside, we've had earthquakes, hurricanes, as well as hard core thunderstorms and tornadoes. Do you have a solid backup plan in place?

To answer many of the questions we receive & ease small business owner’s minds, we have added some important content to our website and YouTube channel.

Accountfully and Keith Kohler joined forces again to discuss an evolving subject for small biz owners - the new loan programs for business interruption & disaster assistance

Three key areas to focus on to stay strong through business uncertainty

Not only is it a new year, it’s an entirely new decade. If there was ever a time to take a fresh look at your business this is it.

With so many tax forms in the mix, it can be hard to keep track of which number applies to what. One that is important for a small business, is the 1099.

Accountfully Kicks Off Its Webinar Series with Debt Financing Strategies As The Focus. Tuesday, December 10th marked our first webinar ever, and we are pretty excited. Accountfully will be strengthening our client resources by adding more webinars moving forward.

There are two magical things that happen in a business owner’s world in Q4: holiday sales and making next year’s budget.

The end of the year is the time to reset, reassess and plan for next year. This is the key time to create or update a budget for next year.

The concept of “time is money” is quite accurate. We all think we have a sense of where our time is spent until we actually track it.

As a Charleston based company, we are affected by hurricanes. Recently, it wasn’t a big deal for us. Our business continuity is in check.

Diving in to payroll can be a bit tedious. The exciting news is that there is a modern day method that can bring your functionality into the 21st century.

What if I told you April wasn’t the only time taxes are a conversation? It is time to check in with your planning progress and get organized.

Knowing the status of your short term cash flow means the difference between confidently making payment decisions to keep business moving and winging it.

No one likes paying bills. There’s a lot of grief surrounding owing money, but paying bills is less stressful when you have a plan to cover them. Enter A/P

Unless you plan on running your business by winging it, reporting is a must. Reporting is a few basic methods to track, analyze, understand your business.

Taking a hard look at the current state of your business is the first step in its improvement. The most important thing for a business is to grow.

If you use a freelance bookkeeper, chances are they charge you by the hour and work reactively to maintain your books. They will check in a couple times a month to reconcile accounts, code transactions, and process payroll.

Picking a business entity at random doesn't work—learn about the pros and cons of sole proprietorships, LLCs, and S-Corps.

Optimize your bookkeeping efforts by having an organized chart of accounts. Accountfully shares some important takeaways about the chart of accounts—what it is, what it isn't, and why it's important that every business has one.

We educate business owners on the pros and cons as well as the differences between cash and accrual basis accounting and their tax implications.

We answer the questions of small business owners on a daily basis. We break down reports, translate data, and provide information to guide decision making.

Forecasting can help businesses prepare for the future. Planning is used to help businesses prepare for potential growth in the workplace, industry, or even in the economy. Accurate forecasts can help business owners understand their growth trajectory and make smart plans for the future.

Running a business is complicated—find ways to increase internal efficiencies by leveraging an outsourced bookkeeping and accounting firm that can support you through all phases of growth. Accountfully works with business owners and entrepreneurs that need bookkeeping and accounting support.

Business owners can use key performance indicators to run their business more efficiently. Accountfully works with small business owners and entrepreneurs to help them identify and track the data that will help them scale intelligently.

When it comes to running a business, less is often more. Accountfully helps business owners create internal efficiencies that help them grow their business. Whether it's leveraging new technology or reevaluating relationships, business owners can benefit from working with a team like Accountfully.

Every business needs a budget. Learn how to create a budget and monitor a budget as a business grows and changes. Accountfully helps business owners create short term and long term budgets.

Understanding the day-to-day challenges of a business will be helpful when it comes time to file taxes. Accountfully partners with its bookkeeping and accounting clients to provide strategic tax planning packages in order to help them get ahead and be proactive.

With the new Tax Cuts and Jobs Act Law, it's an especially important year to be working closely with a team of experts that can help navigate the changes.

If you're a business owner, every season is tax season. Whether you like it or not, you should be taking advantage of quarterly tax planning strategy sessions to stay ahead of your obligations. Simplify filing by working with the same team that reconciles your accounts on a regular basis.

For many business owners, outsourced bookkeeping and accounting is a new concept, which is why we put together some helpful information. No two businesses are the same, which is why business owners should look for an accounting team that will cater their services to meet their clients needs.

Not all accounting solutions are created equal. How do you pick the right accounting firm for your business? Vet them the same way you would a new employee. Make sure they are prepared to help you achieve your goals and support your business as it grows.

Business owners tend to wail till there's a problem with their business before they decide to outsource their bookkeeping and accounting. We put together a list of reasons why people decide to outsource their bookkeeping and accounting.

To simplify your personal taxes, it's important to gather information before reaching out to your accountant. Here's our checklist that will help you prepare.

The benefits of outsourced bookkeeping are endless, but here are five ways a dedicated accounting team can help business owners and entrepreneurs.

The benefits of cloud accounting are endless, but business owners who want accurate financials and real time access to information should consider this option.

Small business owners must prepare for tax season by adopting a year round tax strategy. When working with a team, business taxes are more manageable.

Brewery Finance was started in 2005 with the intention of providing equipment financing to small, independent, craft brewers.

Adopting a year round tax strategy can help entrepreneurs plan for small business taxes in a proactive manner. Accountfully works with business owners to help.

When it comes to bookkeeping and accounting, there are good hustles and bad hustles. Over the last five years, we've been helping entrepreneurs with bookkeeping

We call on industry experts on the Accountfully team when it comes to accounting advice and bookkeeping support. Today we chat with Michael, our inventory guru

An outsourced accounting firm can help with startup financing by working with founders to prepare pitch decks, forecasts, and budgets for an investor's review.

If you're looking to fund your startup, be sure to know these terms. Investors will want to see you have financial knowledge and infrastructure in place.

If you're a startup founder just getting things set up, we have some bookkeeping tricks for startup founders who aren't ready to outsource bookkeeping.

Startup Founders should be asking themselves these five questions if they want to catch the attention of investors and grow their startup.

Invoicing doesn't have to be time consuming or painful. We help clients evaluate their processes and implement best practices to simplify this task.

Understanding cash flows and creating budgets is an important part of business ownership. What should you do when you start making money?

Filing personal taxes is easy if you follow this checklist and make sure you have all necessary documents and paperwork before you start the process.

Outsourced accounting can offer business owners more flexibility and greater peace of mind because they are supported by a bookkeeping and accounting team.

Independent contractors are a great option for businesses, especially digital agencies, when it comes to project-based work. Before you hire, know these rules.

Outsourced accounting helps business owners live their best life. How? They delegate the bookkeeping tasks that fall outside their area of expertise.

Outsourcing payroll is a smart option for business owners. Delegating this vital bookkeeping task is a must for business owners across all industries.

The easiest way to simplify taxes is to adopt a year round tax strategy that has business owners regularly reviewing their financials.

While there are many reasons why you should consider outsourcing your bookkeeping, here are three of our favorite.

When a business owners chooses to the outsource bookkeeping function of their business, they are making a strategic decision that will have positive effects.

There are plenty of reasons to outsource your bookkeeping. Here is the first part in a three part series that highlights reasons to outsource your bookkeeping.

There is no reason to rely on writing checks and taking trips to the post office. Technology has made paying vendors (and yourself) an easy, streamlined process

Business owners and entrepreneurs are not accountants, which is why they shouldn't try to pass for one. Avoid payroll taxes when working with an outsourced team

Get rid of file cabinets filled with paper reciepts and documents. Cloud-based bookkeeping systems empower business owners to simplify their bookkeeping process

Quickbooks Online is a bookkeeping tool for small business owners that gives them real time access to their financials—a must for a growing business.

QuickBooks Online is a powerful tool and we recommend it to most small and medium sized business owners looking for a powerful cloud-based bookkeeping system.

Understanding your business's key performance indicators will keep your business on track for growth. Use a team that can help you make sense of these numbers.

Brad Ebenhoeh explains what quarterly taxes are and how business owners can use them to their advantage.

Avoid payroll overdrafts by working with a team who keeps a careful eye on cashflow and can help you budget and plan accordingly. Your employees will thanks you