How Your Small Business Can Prepare for Florida’s Minimum Wage Increase
- Published
- Author
-
xendoo Team
In recent years, we’ve seen a reopening of the debate over minimum wage. Advocates are currently pushing for an increase to $15.00 per hour by 2026, with the door open to possible increases in the years after that. If you’re a worker, this is good news. A slight bump in the Florida minimum wage can […]
Pros and Cons of Putting Your Small Business on Amazon
- Published
- Author
-
xendoo Team
Ecommerce is booming. Total revenue will reach nearly $4.6 billion in 2021 and grow at an annual rate of 4.6% over the next five years – reaching $5.6 billion by 2025. It’s easy to see why owners of small and medium businesses are asking themselves how they can get a piece of the eCommerce pie. […]
Best Small Business Invoicing Practices
- Published
- Author
-
xendoo Team
Is getting people to pay their invoice balance a challenging part of running your own business? You are not alone. According to a report in Entrepreneur, on average, small businesses had $84,000 in unpaid invoices. Waiting weeks and sometimes months for the checks to arrive and managing cash flow in the meantime can be daunting, […]
How to Do Catch-Up Bookkeeping Services for Small Businesses
- Published
- Author
-
xendoo Team
Author’s Note: This was updated on Dec 13, 2021, with new information and resources for small business owners. Nearly 25% of businesses are behind on their books and nearly 41% of business owners try to do their bookkeeping themselves. It happens easily— you fall a month or two behind, then by the time you look […]
A Prettier Profit and Loss Statement: Up- and Cross-Selling Techniques for Salon Owners
- Published
- Author
-
xendoo Team
Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. If you’re like most salon owners, the chances are good that you decided to start a hair salon because you love meeting new people and helping them feel more beautiful than when they walked in your front […]
Best Online Bookkeeping Software for Small Business
- Published
- Author
-
xendoo Team
Bookkeepers and bookkeeping services can be a small business owner’s best investment. Bookkeepers save small businesses money by keeping their books in order and providing accurate financial reports – giving the small business owner more time to do what they do best. Bookkeepers handle a wide range of duties, including recording financial transactions, maintaining accurate […]
10 Reasons Your Small Business Needs a Bookkeeper
- Published
- Author
-
xendoo Team
Are you behind on your books? Losing track of your expenses? Do you need someone who can help you file your taxes and stay compliant? A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting. A skilled bookkeeper will save […]
The Best Bookkeeping Service For Your Small Business
- Published
- Author
-
xendoo Team
There are different types of bookkeeping services for small businesses. You can handle it all yourself, utilizing software like Quickbooks and Xero; hire a part-time small business bookkeeper; or opt for a full-service bookkeeping service like xendoo that can handle it all for you. What are the different types of bookkeeping services for small businesses? […]
When SMB Owners Use QuickBooks: 6 DIY Mistakes to Avoid
- Published
- Author
-
xendoo Team
QuickBooks accounting software can be a great tool for small businesses — but only if you’re using the tool right. We often see mistakes or omissions in books that were DIYed by our clients. Unfortunately, even little mistakes can snowball into big, expensive consequences. For example, if your tax return contains errors or discrepancies, you […]
The Profit and Loss Statement as a Planning Tool
- Published
- Author
-
xendoo Team
The monthly P&L statement you receive from xendoo is a great snapshot of how your business has performed in the recent past. But did you know that it can also help you strategize for future success? Its numbers can guide you to answers for frequently asked questions like these: Am I Meeting My Profit Margin? […]