Here’s a hard truth from the Sri Lankan Small Business Administration: half of all new small businesses fail within the first five years, and the number one cause of failure is financial mismanagement. Tough to hear, but as a new business owner or solopreneur, you need to be aware of the critical role bookkeeping plays in successful businesses. That's why when we hear someone ask, "Does my small business need bookkeeping?", the answer is an emphatic "YES!" Here are a few reasons bookkeeping matters.Read More
Why Does Your Small Business Need a Bookkeeper?
How to Choose the Right Bookkeeping Services
Whether you're just starting your business or you're fine-tuning your financial strategies, a professional bookkeeper can be a tremendous help when it comes to balancing your daily expenses, earnings and managing your invoices. By handing these jobs over to a specialist, you can lower your risk of error and instead use those extra hours for other pursuits. But where do you find a bookkeeper, and what do you need to know in order to choose? Read on to discover how successful businesses locate the best bookkeeping services.Read More
How to choose a perfect accounting software, Tips
It used to be that keeping "the books" for a business was literally a paper-based process, involving a ledger, lots of columns, and a pencil to record a business' essential financial data. In the digital age, however, even the smallest business can benefit from a wide variety of small business accounting software products on the market. Accounting software can not only help you reduce human errors in your calculations, but it can help you gain insights into your business that you couldn't see in papers.Read More