How the Invoice Terms You Choose Can Affect Profitability

by Nolan Accounting | Aug 21, 2019 | Small Business Accounting

The whole point of going into business for yourself was to have greater control over your own income. Before your business can collect any money, however, it needs to send invoices to customers that have already received goods or services. Unfortunately, this process...

Don’t Run Afoul of the IRS When Reimbursing Employee Expenses

by Nolan Accounting | Aug 1, 2019 | Expenses

If your employees routinely spend their own money to purchase business-related items and then request reimbursement for them, it’s important to have an established policy for what’s covered and how to request money. This will save your accounting...

5 Accounting Reports that Are Essential for Your Business Operations

by Nolan Accounting | May 31, 2019 | Small Business Accounting

While producing goods and services and optimizing the customer experience should be top priorities, there’s something else that needs your attention. The number one reason that small businesses fail is financial in nature, so your company should pay close...

4 Important Cash Flow Issues to Assess and Tackle

by Nolan Accounting | Apr 30, 2019 | Small Business Accounting

Running a small business can be tough, and the five-year survival rate for small firms isn’t encouraging. According to the Small Business Administration, the number one reason that these businesses fail is due to cash flow problems. Even though there have been...