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Choosing the Right Accountant for Your Small Business
Running a small business comes with countless responsibilities, but many small business owners can agree on one key priority—especially in the first few years of business.
Managing finances effectively is one of the most crucial elements of creating a strong foundation for a small business.
A reliable accountant can help you navigate the complexities of bookkeeping, tax compliance, payroll, and financial reporting. With this peace of mind, a small business owner can prioritize running the business.
Case Study - Indirect Spend Reduction
Indirect spend analysis can result in real, hard dollar savings. Since we have access to our clients’ invoicing, history, and other metrics, we work with our partners to analyze spend as soon as we get the green light from our clients. Without so much as lifting a finger, they begin to see real savings.
What Small Businesses Should Know About Outsourced Accounting vs. DIY
If you’re a small business owner, you’re likely used to wearing many hats at once: CEO, marketer, customer service rep, and, for many, accountant. But managing finances is one of the most critical – yet overwhelming – tasks for business owners. While it might make sense to handle your own books in the beginning to save money, financial management can become extremely complex as your business grows.
Below we’ll break down the pros and cons of DIY accounting versus outsourcing so you can make the right choice for your business.
Why Small Businesses Should Set Goals and Track KPIs
Goal-setting and KPIs are the cornerstones of every successful business.
For small businesses, especially in the first five years, clearly-defined goals are the difference between survival and failure. Did you know that 50% of small businesses fail within the first five years of operation? From there, only about 30% of small businesses make it to the ten-year mark.
The first few years are critical for establishing stability and long-term success. One of the most effective ways to navigate this period is by setting clear, measurable goals.
At Acctivator, understanding your goals is the first step of our collaborative process for a reason. They’re that important and they work.
Here’s how to work with your team (even if you’re a team of one) to identify and track KPIs for success.
Case Study - AP AUTOMATION FOR MASSAGE ENVY
Without a strategic partnership to help, overspending on accounts payable was becoming expensive and time consuming for this multi-unit Massage Envy franchise owner.
Case Study - ROI for Multi-Unit Jiffy Lube Franchise Owner: Driving Revenue Growth and Streamlined Operations
When this 20+ unit Jiffy Lube & Mighty Auto Parts chain approached Acctivator, they were struggling with inaccurate, inconsistent and delayed reporting that prevented management from making strategic business decisions. Here’s how we turned things around.