Cornerstone Consulting Solutions Blog

Learn the 6 key financial reports for LLC owners: balance sheets, income statements, cash flow statements, bank reconciliations, aging reports, and tax returns. Understand their importance, creation, and use in making smart business decisions.

This blog post discusses the importance of bookkeeping for small businesses and compares it with accounting. It outlines three bookkeeping models—part-time, full-time, and outsourced—detailing their benefits, drawbacks, and costs. A summary table provides a quick overview, helping business owners choose the best model for their needs. The post also addresses common questions about hiring and working with bookkeepers.

This post covers key bookkeeping practices for contractors and small construction businesses, highlighting the importance of managing cash flow, tracking expenses, and avoiding common financial mistakes. Implementing these strategies can help ensure long-term profitability and business success.

This blog post highlights the benefits of outsourcing bookkeeping, such as cost savings and efficiency, while warning against poor provider choice and data security risks. It stresses selecting a reliable provider with strong experience and communication.