You may think reconciling your books is a tedious process, but it doesn’t have to be. In this blog post we’ll go over the steps needed to prepare a reconciliation and how you can streamline the process so that it’s as painless as possible. What is a general ledger account reconciliation? A reconciliation is…
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QuickBooks Beginner Mistakes You Must Avoid
If you’re familiar with QuickBooks Online, you know how spectacular it is in maintaining financial records for small and medium businesses. Whether you’re a business owner or an individual looking for reliable bookmaking software, QuickBooks is a great option. However, there are some common mistakes beginners tend to make in QuickBooks Online. In this post,…
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Winery Adaptation
How smaller, independent wineries can sell more wine in a hypercompetitive marketplace State of Industry – Lots of winners but many “silent” losers It’s amazing how the world can change in a year! Even before the COVID-19 pandemic made its global impact, the U.S. Wine Industry was in a tough spot with oversupply, consumer buying-habit…
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Financial Forecasting 101
If you’re a business owner or been thinking about opening up a new venture, the thought of improving its performance must have crossed your mind. And that’s where financial forecasting comes into play. It’s simply the process of looking into the future of your business based on historical data and trends. In this post, you’re…
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Protea Conversations – Rachel Martin
Protea Financial was founded in 2014 to provide high quality out-sourced accounting at an affordable price. Given Protea’s flexible work environment, the Company especially appealed to accountants who wanted to re-enter the work force after taking time off to start a family. This allowed Protea to attract extremely talented individuals who were overlooked. Over 80%…
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5 Financial Reports You Should be Running
There’s an assortment of financial reports involved in business accounting and bookkeeping. Each one contains the information you need to form an accurate and holistic view of your company’s financial health. There are five reports you should be running on a consistent schedule when you own any small business, especially wineries. Keep reading to learn…
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