With only 42 percent of small- to medium-sized business (SMBs) having an employee dedicated to financial matters, many business owners struggle with the necessities of accounting. Whether you know a lot, or very little, about accounting procedures, it undoubtedly takes time away from running the business itself and can cause a great deal of stress if business owners start to feel overwhelmed.
Take a look below to learn about some of the predominant accounting issues that SMBs face, and some great ideas to overcome them. For instance, electronic payments can help accelerate cash flow and address accounts receivable challenges. Such tips can help accounting matters start running more smoothly and allow business owners to get back to focusing on building the company.