Blog

When connecting your bank to Receipt Bank (RB), RB will “Fetch” the bank statements.  What it means is that it will grab the Bank Statements in PDF format. This will save you time, since as business owner you have to either log in to your bank and save them in Dropbox so we can perform the bank reconciliation. Or you’ll have to have to wait for the mail to come and either save the bank statements in Dropbox or physically getting them to us. So the bank Fetch makes it automatic and systematic as bank statements become available. We will show you a step by step process to make this automati...

Do you sometimes wonder if you’re actually the owner of your small business or if you are its most underpaid and overworked employee? Are you always finding yourself weeks, if not months, behind on the accounting for your small business? When it comes to small business ownership, you’re not alone on either of these things. There are many small business owners who feel like they’re more employees than entrepreneurs when it comes to the daily operation and management of their business. This often shows up the most when it comes to staying on top of the bookkeeping for your business. Accounting s...

So many businesses struggle to stay a live. Aa a matter of fact 90% of businesses won’t make it to year 10. 50% won’t even make it 2 year 2. Wouldn’t that be great to learn to be profitable from day 1 of your business?Of course, it would. I’ll teach it to you. So, What Are The 7 strategies to increase profits? 1. Increase the number of transactions 2. Increase the number of your clients 3. Increase your price 4. Increase the frequency of transactions 5. Implement the pareto law 80/20 6. Implement highest and best use strategy   7. Remove 20% from your sales Here are the 7 profit making st...

Virtual CFO services for your small business are growing faster than ever during COVID-19. The need to maintain and manage growth of your company while innovating your services and revenue streams is more important than ever now. Have you found your small business has come to a bit of a crossroads when it comes to hitting your financial goals? Maybe you’ve heard of something called a virtual CFO, or virtual chief financial officer, and are wondering what that even looks like for your business? Does hiring a virtual CFO have any benefits to the growth of your business? Or would the sheer cost a...