This week’s newsletter looks at What Works for small business accounting and bookkeeping. It’s important to make sure you’re getting the right software or hiring the best accountant for your business. And all entrepreneurs should be able to analyze financial statements in order to assess their company’s health.

Since so many entrepreneurs get caught up in their company's finances, the What Works for Business blog shares some tips on those oft-neglected personal finances. Check the blog regularly for the latest tips and information for small business. Sign up for the RSS feed to receive automatic updates.


Personal Finance Fixup for Entrepreneurs

When it comes to managing their personal finances, many entrepreneurs become notorious numskulls. Software such as Quicken or Microsoft Money can save the day. But you’ve gotta buy, install, use, update and apply add-ons to these programs, which takes time, effort and a bit of cash. So many entrepreneurs stick to the old “envelope” filing system. Click here to read about alternatives...



Guide to Small Business Accounting Software
By Frances Sharpe
Accounting software can help your business in numerous ways: reducing errors, saving time, organizing customer data, streamlining payroll and giving you a complete view of your company's financial status. With a clear picture of your financials, you can make smarter business decisions. Get tips on choosing a financial program that fits your needs and your budget.

Finding an Accountant or CPA
By Irwin Speizer
When picking an accountant for your business, choose wisely because you'll be sharing some of the most sensitive and intimate details of your business with this person. Finding the right financial professional for your business is a task that you should approach seriously and thoughtfully to make sure you find someone you trust and who meets your needs. Hiring a good accountant or CPA can help you...

Guide to Setting up a Basic Bookkeeping System
By Tom Nutile
A bookkeeping system is essential for any business, no matter how small. At the very least, you need to accurately track money you owe and money you’re owed, and keep a journal of all of your company’s transactions. Follow these steps to setup an efficient bookkeeping system for your business.

Analyzing and Interpreting Financial Statements
By Francine Huff
Understanding the financial details of your business – and, at times, being able to communicate them to others – can mean the difference between success and failure. Informed business owners pay attention to the numbers in order to make their business profitable, and to help set business objectives on a monthly, quarterly or yearly basis. Here are three reasons to organize and study financial statements:

Startup
Technology
Management
Money and Finance