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Top Five Business Financing Options

By Analytix Editorial Team

September 10,2019 0 Comments

As a business owner, it can be a daunting task to determine the perfect financing option for the growth of your small or mid-sized business. Let’s dig into the top five ways of financing: debt, equity, and the latest alternative financing options: crowdfunding, peer-to-peer lending, and corporate cards. Types of Financing Options Available 1. Debt

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Top Three Ways to Make Your Business Creditworthy

By Analytix Editorial Team

September 10,2019 0 Comments

Want to grow your business? Good business credit is the key to getting funding for your venture, but establishing a positive business credit history does not happen overnight. Here are the top three ways to make your business creditworthy. 1. Maintain a Healthy Business Credit Score Your personal and business credit history is an important

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Why Your Business Must Have a Budget

By Analytix Editorial Team

September 10,2019 0 Comments

For various reasons, many small and mid-sized businesses don’t budget. A staggering 61% of small businesses didn’t create a budget in 2018 and around 82% of startups fail just because of cash flow problems. Below are five reasons why budgeting leads to financial stability and success of your business. 1. Predicts cash flows and avoids

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The Anatomy of a CPA Tech Stack

By Paul Salvaggio

September 5,2019 0 Comments
CPAs

While technology can ease the modern CPA’s workload, it can also drive them completely mad. To help control the chaos and boost productivity, CPAs require a Tech Stack. It’s a set of third-party apps and connected services designed to work together and boost your daily efficiency and effectiveness. Sensitive data, regulatory changes, and savvy competitors

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Leveraging Online Accounting Services for CPA Firms

By Analytix Editorial Team

September 3,2019 0 Comments
Leveraging Online Accounting Services for CPA Firms

Most contemporary practices, including CPA firms, utilize modern technology to manage their data more efficiently. This includes startups and even small businesses where electronic document management systems and cloud based reporting are gaining traction in replacing paper files, especially for processes such as accounting and bookkeeping. There are many benefits to online accounting, several of

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10 Most Useful Tax Tips for Restaurants

By Analytix Editorial Team

August 27,2019 0 Comments
10 Most Useful Tax Tips for Restaurants

Most startups and small businesses are familiar with tax filing time chaos: hurried organizing of transaction records, looking for loose ends such as missed payments or missing receipts for payments made, etc. For restaurants however, the financial loss incurred due to a last-minute rush can be significant, given the sheer volume of transactions. Startups and

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CPA FAQs – Preventing the Negative Impact of Low Cash Flow on Clients

By Analytix Editorial Team

August 20,2019 0 Comments
CPA FAQs - Preventing the Negative Impact of Low Cash Flow on Clients

82% of startups and small businesses fail due to poor cash-flow management! Has a new business client ever come to you after a missed payroll? Turns out your vendor trust is more than just a firm handshake when your cash flow is running low. While it is only natural for small business owners to focus

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How Your Small Business Can Increase Cash Flow

By Analytix Editorial Team

August 6,2019 0 Comments
Increase Small Business Cash Flow

Positive cash flow is significant to a growing business because it has the power to influence business sustainability. A rapidly growing, profitable business needs to consistently work on ways to increase the cash flow alongside maintaining the growth momentum. Even seemingly minor matters such as an invoice payable to a supplier being due before an

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How to Handle Multi-Location Restaurant Bookkeeping

By Analytix Editorial Team

July 16,2019 0 Comments
How to Handle Multi Location Restaurant Bookkeeping

Operating restaurants in multiple locations presents both bookkeeping and accounting challenges, including: Monitoring and managing non-central payments or payments made at different locations and payments made in diverse forms such as cash, debit card, credit card, etc. Monitoring Point of Sale or Service, including financials to ensure the customer experience is consistent across locations. Ensuring

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Divestment for Profitability – A Quick Guide for the Business Owner

By Analytix Editorial Team

July 10,2019 0 Comments
Divestment for Profitability - A Quick Guide for the Business Owner

Divestment or disinvestment, also known as divestiture, can prove to be indispensable to businesses for optimizing their operating capabilities and maximizing returns. A Deloitte survey revealed divestiture expectations in the year 2018 pegged at 70%. This figure shows an increase for the year 2019 with more than 80% of the combined corporate and private equity

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