The beginning of the year presents an excellent opportunity to reflect on the strong and weak points of your business. By now, you’ve probably thought about areas that you want to grow, change, and improve in the new year, as well as processes that are working well and should be maintained.
Cash vs. Accrual-Basis Accounting, and Which is Better for Your Business
For business owners, managing finances of a fast-growing small business can be difficult, and choosing the right accounting method is one of the critical early decisions to make. There are two main accounting methods used for keeping business records—cash-based and accrual-based.
With every new year comes the opportunity to set new objectives for your business, apply lessons learned from the year before, and grow a little bit more. As January approaches, now is the time to begin thinking about what you want your business to achieve in 2023.
