Totally Blogged

Are you a small business owner struggling with your company's financial aspects? Financial management is difficult, especially if you don't know how to properly compensate your staff and make sure that you pay all of your expenses on time.

As a startup, it is important to be aware of the different aspects of accounting in order to keep your business on track. Why? Simple: money is a business' bloodline. Without money, a business cannot operate properly, if at all, and being able to manage this money wisely is key to the success of any organization, especially startups.

Time is a crucial element in business, production, and life. It can heavily impact productivity and a company's bottom line when it comes to managing costs and revenue. Time is closely linked to several key performance indicators (KPIs) that evaluate a company's capability to produce, expand, satisfy customer requests, and achieve the best possible outcomes.

Sales tax is a tax imposed on the sale of goods and services. The tax is calculated as a percentage of the sale price of the good or service. The tax is typically imposed by the state where the sale occurs.

Inventory has always been one of the trickier parts of running your own business. Businesses need to strike a balance between having too much inventory, which can tie up cash and lead to higher carrying costs, and too little inventory, which can result in lost sales. In order to do this, businesses need to be able to manage their inventory carrying costs.