5 Major Differences Between Bookkeeping and Accounting
I get asked a lot about the differences between bookkeeping and accounting. The two are essential financial functions for every business. Many people use them interchangeably and…
RCN CPAs & Business Advisors Learning Center
Explore a wide range of educational articles and guides designed to help individuals and businesses make informed financial decisions with confidence.
Doing Your Own Taxes? Here are 5 Tips to consider.
You may be a new business owner, or you possess some knowledge of accounting but have yet to enlist the services of a qualified professional to handle…
Discover the 4 Reasons Your Bank Account is Empty Even with an IRS Tax Bill
It’s tax season right now and at the end of the period, most of you will be asking why I have to pay taxes on my business,…
3 Ways to know you have outgrown doing your bookkeeping yourself or engaging only a bookkeeper
At some point in your business, you probably will have to handle bookkeeping yourself, particularly when you just got started, or hire a bookkeeper to save on…
The Simple and Effective Way to Organize Your Business Finances: The 90-Day Financial Plan
“Planning is bringing the future into the present so that you do something about it now.” – Alan Lakein Transformation, Transition, or Traction. These are the 3…
Difference Between Deliberate and Impulsive Spending
Your printer has run out of paper. Do you immediately order another ream because you can afford one? Or do you review your operations expenses and plan…
How to Identify Fraud in Your Company Finances
Something is not right with your business finances! Have you ever looked at your business finances and felt something was off track? You may be a victim…
Why you should care about cash-based accounting and accrual-based accounting
How do you record a sale? When you share an invoice with your client, or when your client pays you? Your answer to this question will give…
What is Zero-Based Budgeting and How Can I Use It?
‘Costs do not exist to be calculated. Costs exist to be reduced’ – Taiichi Ohno. This quote is highly relatable to any small business owner. Cutting costs…
Four Benefits of Hiring a Business Consultant
What is your role as a small business owner? At the start of your business, you most likely would wear multiple hats. You are Head of Sales,…
