Why Small Businesses Fail…

A staggering 95% of small businesses fail within the first five years. Here are the most common reasons why… Poor Financial Management 32% Management Competence or Experience 15% Economic Conditions 12% Poor Books and Records 12% Sales and Marketing Problems 11% Staffing Problems 9% Union Problems 6% Failure to Use External Advice 3% Perhaps knowing [...]

Tips to Simplify Your Bookkeeping

ALWAYS back up your accounting data file, daily or weekly. Print your checks. Direct Deposit and email paystubs. Print deposit summaries to attach to bank receipts. Get online access to bank accounts and credit card statements. Pay all payroll taxes online. Use bill pay through bank account. Email invoices/statements to customers. Routinely send out W-9′s [...]

About Fiscal Foundations

I am one of the owners of Fiscal Foundations Accounting and Bookkeeping Services. We provide on or off-site bookkeeping, as well as accounting consulting and training services to Minnesota, Western Wisconsin and Colorado. The company has been around since 1994. We currently have a staff of 10 experienced people, and I am hoping to expand [...]