Have you ever wondered why it’s important to reconcile your balance sheet regularly? Doing so is essential to ensure the accuracy of your financial records. Still, it can also help reveal any discrepancies that might be costing you money. At Protea Financial, we understand the importance of accurate financial records. We’re here to explain why…
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As we begin a new year, I reflect on two common (and related) questions I’m often asked by business owners or leaders: “How can I set my business up for greater success this year than last year?”, and “How can I accomplish this without working even more hours?” These three key steps will surely set your business up for…
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We are entering the new year, which means many people are setting goals for the new year. As a business owner, you should be doing the same thing. Creating a budget is one of the best practices you can start for your business. What Is a Business Budget and What Are Its Benefits? A…
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It’s the time of year again to dive in and take a look at upcoming changes to California employment law. This fall, Governor Newsom approved several new employment laws, generally expanding on employee rights and creating new obligations for employers. From new pay scale disclosure requirements to mandatory bereavement leave to nuanced changes to the…
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As the owner of your own business, you’re going to be spending a lot of your time and money on it. You need to keep track of all these expenses to accurately report them when you file your taxes at the end of the year. You can deduct many expenses related to running it. These…
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Month-end processes are often a source of stress for finance teams. Many organizations find month-end processes challenging, which is why it is important to put processes in place early and consistently. If that sounds like your month end, you’re not alone – many businesses will face similar challenges. While most accounting departments dread the end…
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