OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
How to Measure Your Small Business’s Performance
November 27, 2013 by OSYB Staff
Do you know the state of your business’s financial health? It is broader than just your bottom line. Profit and loss, while they are important, are just part of the overall performance and financial health of your company. For some great tips on what to assess to get a bigger picture, read here.
Create a Disaster-Recovery Plan
November 26, 2013 by OSYB Staff
As a small business owner you do not have the resources for planning committees or consultants. But you still do need disaster-recovery plans in effect. If a disaster does happen it could cost you your business if you are not prepared. Read this article to get a jump start on what your plan should answer.
Do You Have a Hobby or a Business?
November 26, 2013 by OSYB Staff
Is your venture considered a business or a hobby? The intent is what the IRS looks at when they differentiate between business and hobby. Why is this important to you if you just do something on the side for extra cash? Because the tax laws and deductions are much different. Read here for more information.
STOP Doing Bookkeeping – Outsource the Entire Job
November 25, 2013 by OSYB Staff
Are you still hassling with your own bookkeeping? Having good accounting records is a must for any business, but many business owners do not have time or the knowledge of how to keep accurate records. This can cause you to lose money. Why chance that when you could outsource it all?
Tax Rules For Leased Business Autos
November 25, 2013 by OSYB Staff
Do you lease vehicles for business use? Do you know the tax laws for leased vehicles and what you can and cannot deduct? If you are planning to purchase or lease new or newer vehicles for business use this article can offer some insight on the tax laws and your options.
Using QuickBooks Class Tracking to Optimize Business Performance
November 20, 2013 by Ed Becker
Is there an important segment of your business that requires special attention? QuickBooks class tracking makes it easy to categorize transactions based on your own custom criteria. For example, a local restaurant chain can use class tracking to analyze the profit/loss at each location. The report could be further refined to track the profit margin […]
Go Paperless with the Latest Mobile Technology
November 13, 2013 by Ed Becker
New mobile technologies are allowing the small business owner to build a completely paperless office. Ditching cabinets full of old paperwork will streamline record keeping and enable employees to be more productive. Below are a few affordable smartphone apps that can help cutout paper from your workspace. Scan into the Cloud with SimpleScan SimpleScan is […]
Budgets: The Secret to Survival!
November 12, 2013 by OSYB Staff
Do you have a budget? Do you stick to it? Budgets are critical to every business owner’s success. A budget is not just for the bank or business plan. You need a real life budget that will guide you and help when cash flow gets crunched. Read this great article on budgets.
