What’s The Difference Between Revenue and Profit?

By: Rachel Himmelspach When working in your books, you need to know exactly what the numbers mean. Often times people know the general meaning of a term like, “profit” but don’t actually know how it’s different from “revenue” or how the two affect each other. Your profit

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New Year, New Business Strategy

The New Year is one month away, is your business plan ready? If you haven’t started thinking of how you want to approach a new year then it’s time to start. Assess your business based on the goals you accomplished throughout the year, and strive for more

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Three Common Ways Businesses Die

By: Rachel Himmelspach According to Forbes, 8 out of 10 businesses fail. That statistic alone is enough to scare some people from even trying. Why do so many businesses fail? Although there is a myriad of reasons, there are three common deaths to businesses. The number one

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The Five Types of Accounts

By: Rachel Himmelspach When setting up your books, you must first manage your accounts. The word “account” in bookkeeping doesn’t refer to bank accounts, which one might first think. It actually refers to the different kinds of transactions made, which will all be grouped into their rightful

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Finding The Perfect Fit

The business world is a tough place. It’s competitive, people play dirty, and lines can be crossed that shouldn’t be. As an employee, it’s sometimes difficult to know when it’s okay to take initiative and when it’s not. When expectations are laid out from the get-go, it

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The Scale of Professionalism in the Workplace

“Professionalism” is a term used quite frivolously. It’s thrown around as if it means the same thing to everyone – but it doesn’t. Depending on your company, the work environment, and your role, professionalism can range from any number of things. Professionalism is a scale. The definition

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The Great Debate: Working At Home vs. In-Office

By: Rachel Himmelspach Everyone’s preferable work environment varies. Some would love to be able to work from the comfort of their own home on their own. Others need the office atmosphere as motivation to get things done, and they appreciate the social aspect of being around others.

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What Can Your Books Tell You?

By: Rachel Raupp The act of keeping your books up-to-date can be a time-consuming and tedious task, but the hard part is reading what your books are telling you. If you look at your numbers and that’s all you see, it’s time to talk with a bookkeeper.

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