As the year draws to a close, business owners are reminded of one critical task: preparing their financial books for the year-end and upcoming tax season. This process can feel overwhelming, but with careful planning and organization, it can be handled smoothly and efficiently. At Tico Business Solutions, LLC, we understand the challenges business owners […]
Why Startups Need Professional Bookkeeping: A Key to Success
Starting a new business is an exciting venture, but it comes with its fair share of challenges. Among these, managing finances is one of the most critical—and often overlooked—tasks. While it might be tempting to handle bookkeeping on your own or delegate it to a well-meaning team member, professional bookkeeping is essential for the success […]
Watch Out for These Five Common Accounts Payable Errors
Paying bills is never fun, but paying bills you shouldn’t pay in the first place is even worse. There are many risks that can part a small business owner with their hard-earned cash, and here are five to watch out for when it comes to your bill-paying process. 1. Fraudulent invoices Some companies will send […]
Get Organized with This 32-Item Year-End Close Checklist
A great way to make a wonderful start to 2020 is to wrap up 2019 feeling organized and on top of the world. Here’s a checklist of items that you can start on now to make your year-end close go smoother than ever before. And don’t worry if you don’t know how to do some […]
Using Custom Fields in Your Accounting Software
Custom fields in your accounting software are data fields that you can define yourself. They are typically associated with customers, vendors, employees, and items, and they can help you store and categorize additional information about these stakeholders and your products and services in your business. An example custom field that can be associated with customers […]