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Why Your Business Needs an Accounting System

Why Your Business Needs an Accounting System

By | Accounting, Business Finance, SuccessWatch

A common question we receive from our clients is, “Does my business need an accounting system and, if so, which one should I use?” Our answer, in short, is a resounding yes. Without question, all businesses, small or large, need to be using an accounting system. Without one, it becomes extremely likely that important items will fall through the cracks, causing a huge headache later down the line. But before we get into which accounting systems we recommend, let’s discuss why they’re so important for your business. Why Your Business Needs an Accounting System There are many reasons businesses should…

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Should I Consult a CPA Before Starting a Business?

By | Business Finance, SuccessWatch

Before starting a business, most people know they should consult an attorney, but many don’t think to consult a CPA. In fact, it’s not just a good idea to meet with a CPA before starting your business – it’s a must. Entrepreneurs preparing to embark on a new business venture will often try to save as much money as possible during the start-up phase, but choosing not to seek out professional advice from a CPA is the wrong place to cut corners. Yes, you can certainly set up a new business on a convenient legal website and get by without…

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8 Tips for Smarter Small Business Budgeting

By | Business Finance, Accounting, SuccessWatch

Small business budgeting doesn’t have to be a headache. We don’t recommend it, but businesses operate without following a budget or other financial plans more than you think. You might even be running one of those businesses (although we hope that’s not the case). However, there are many free resources for entrepreneurs who are ready to learn the ropes of business finance. (If you don’t already have a budget in place, here’s a business budget template from Quickbooks to get you started.) The fact is, for your business to be a success, you need to have a handle on its…

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Common Financial Business Mistakes

4 Common Financial Mistakes People Make When Starting a Business

By | SuccessWatch, Accounting, Business Finance

Are you getting ready to start a new business? Or perhaps you’ve already begun running a startup but are feeling overwhelmed by the financial aspects of your operations? Either way, there are a few common financial mistakes new business owners make when beginning their new ventures. Many small business owners start new companies without taking the proper precautions to ensure their chance at success. According to the Bureau of Labor Statistics, around 51% of all new businesses fail within the first four years of operation. And, according to a 2016 Global Entrepreneurship report, over half of businesses fail due to…

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SuccessWatch - DFW Business Consulting

Introducing SuccessWatch

By | About Us, Accounting, SuccessWatch, Taxes

Introducing SuccessWatch Pine and Company CPAs is excited to introduce our newest service, SuccessWatch! Simply put, this is business consulting at its finest. Whether you need to improve profitability, become more financially efficient, or simply identify costly problem areas, SuccessWatch uses data-driven financial metrics to have a positive impact on your bottom line. We are a firm with nearly 200 years of combined expertise. As a result, we believe we’re in the best possible position to help our clients improve their business’ profitability and efficiency. Essentially, this is business consulting with a financial expertise edge. How It Works Put simply,…

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