In Pursuit of Profit - Blog

How Do I Clean Up Old Transactions in QuickBooks?

9/24/2019

How Do I Clean Up Old Transactions in QuickBooks?

Maintaining clean financial records is vital during business transitions. When circumstances change, updated books allow business owners to accurately discern the financial health of the business and strategically plan for the future. Securing bank loans, weathering audits, maintaining aggressive business growth, filing insurance claims, and resolving ownership disagreements are all instances when transactions are scrutinized for accuracy and timeliness.

The Pros and Cons of Doing Business in Oregon

8/12/2019

The Pros and Cons of Doing Business in Oregon

Is Oregon the right place for your business? Many Americans dream of starting a business, and the number of new ventures has continued to reach new heights. If you're thinking about launching a company, where you do so matters.

Entrepreneurs are increasingly choosing to call Oregon their home base. The state's economy is strong, and many local communities are committed to the success of small businesses.

6 Tips for Organizing Business Receipts

7/22/2019

6 Tips for Organizing Business Receipts

Many business owners struggle with back-end office organization, especially regarding financial items like business receipts. The problem is two-fold: most business owners underestimate the importance of business receipts, and receipts are hard to organize manually.

While it is advisable to keep all purchase receipts – personal and professional – a desire to reduce paper clutter and make the right choice environmentally has many people skipping the receipt altogether or asking for an emailed copy.

How to Pay Employees – 5 Compensation Options

7/15/2019

How to Pay Employees – 5 Compensation Options

Business owners spend a surprising amount of time dealing with employee compensation. Determining how to pay employees requires an understanding of employee and business needs alike.

Employees primarily want to be paid quickly and effortlessly, while organizations have cash flow considerations and business objectives to manage.

As business operations have modernized, most organizations have shifted their compensation techniques from pay cards and checks to direct deposit for regular, full-time employees.

How to do Background checks on Prospective Employees

7/3/2019

How to do Background checks on Prospective Employees

Hurried hiring is bad hiring. Yet many businesses still hire new employees hastily, filling everything from entry-level positions to key strategic roles. Fast-growing businesses are the most at risk for rushed hiring because they have the most open positions and the greatest incentive to fill them quickly. Unfortunately, this can be a recipe for disaster, derailing competitive momentum and stymying long-term growth.

How to Identify Fake Financial News

6/21/2019

How to Identify Fake Financial News

Fake news has quickly become a common topic of conversation, but fake financial news has generated far less discussion.

While leaders and even the press itself has been on a witch hunt for unreliable public information, financial misinformation and deception continues to be disseminated to unsuspecting readers.

Signs Your Bookkeeper is Stressed (And Does It Matter?)

5/31/2019

Signs Your Bookkeeper is Stressed (And Does It Matter?)

Nearly everyone claims that they’re stressed these days, if not in one way, then in another.

The list of stressors is virtually endless: family, co-workers, supervisors, pets, the weather, friends, politics, and their bills.

As a business owner or manager, you can easily add a host of other stressors to the list, one of which is employee productivity.

How Long Should You Keep Business Records?

5/7/2019

How Long Should You Keep Business Records?

A Business Owner’s Guide to Retaining Tax Returns, Financial Records and Key Documents

The sheer volume of paper that accumulates in a business can be overwhelming. Taxes, employees, assets, cash and credit accounts, investments, and accounts payable and receivable all generate a paper trail that can bury daily operations if left unchecked.

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