Business accounting provides small business owners with a way to track their liabilities and expenses- which both represent an outflow of funds. An expense is incurred in the current period to generate revenue, while a liability is a financial obligation that will be settled in the future. If your small business is in or near Cincinnati, let Orcutt and Co. handle your small business finances. We specialize in day-to-day bookkeeping and accounting tasks, as well as payroll and tax prep. We…

One of the first things you must understand about starting a small business is that it will take 6 months to 1 year to start making a profit. When you do start making more than you’re spending, you should do more than celebrate. Explore the options to invest profits back into your business. For small businesses in or near Cincinnati, Orcutt & Co. is here to help you with the financials of your small business. We specialize in day-to-day accounting and…