Insights

Small Business Loans / SCORE

Fiscal Foundations is pleased to volunteer our staff trainers to deliver QuickBooks workshops for SCORE in Minneapolis and St. Paul. If you’re considering seeking advice on any business topic, SCORE offers free consulting to small businesses. We heartily recommend their services. Money is still tight in this economy, but several Minnesota banks are willing to…

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Year-end Close Checklist for QuickBooks eBook

Tis the Season – Tax Season, that is!  How to close your Books for year-end and be ready for your CPA and taxes. Every year, full knowing all the steps to year-end closing, our staff goes out to clients armed with a 4 page checklist of all the steps that need to be done. The…

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Accounting Cartoon

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Hear Us on the Radio!

Linda Logan and Jennifer Heifort are on the radio! Linda and I were guests of Peter McClellan Show today and broadcast on AM 1570 from 4:00 to 5:00 PM today June, 3rd, and again tomorrow June 4th from 9:00 to 10:00 AM. You can also hear it below. It was a lot of fun to…

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Why Small Businesses Fail

A staggering 95% of small businesses fail within the first five years. Here are the most common reasons why… Poor Financial Management 32% Management Competence or Experience 15% Economic Conditions 12% Poor Books and Records 12% Sales and Marketing Problems 11% Staffing Problems 9% Union Problems 6% Failure to Use External Advice 3% Perhaps knowing…

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Tips to Simplify Your Bookkeeping

ALWAYS back up your accounting data file, daily or weekly. Print your checks. Direct Deposit and email paystubs. Print deposit summaries to attach to bank receipts. Get online access to bank accounts and credit card statements. Pay all payroll taxes online. Use bill pay through bank account. Email invoices/statements to customers. Routinely send out W-9′s…

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