3 Ways Accountants Drive Business Growth

January 1, 2025 | Accounting Services

As a business owner, you juggle countless responsibilities, from managing operations to developing marketing strategies, all while striving to ensure your company’s success and growth. Amid these demands, one crucial yet often overlooked factor is the role of an accountant in driving business strategy and growth. At Edgewater CPA Group, we fulfill this vital role for many businesses like yours, leveraging our expertise as leading CPA professionals to help your business thrive. But what does this accountant role truly entail? Let’s explore.

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4 Reasons Why Closing Your Books Monthly Matters

November 2, 2024 | Accounting Services

As a small business owner, you juggle countless responsibilities daily. Between managing customer expectations, overseeing operations, and planning for growth, it’s easy to sideline the back-office processes like bookkeeping. However, neglecting your financials and closing your books monthly can lead to unforeseen financial pitfalls and stress. At Edgewater CPA Group, we understand these pains and are here to ease your bookkeeping burdens.

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Mastering 4 Budgeting Basics for Entrepreneurs

October 3, 2024 | Business Development

As an entrepreneur, managing your finances is crucial to the success of your business. One key aspect of financial management is budgeting. Creating and following a budget can help you track your expenses, plan for the future, and make informed financial decisions. So, let’s look at four budgeting basics for entrepreneurs and how working with a CPA from Edgewater CPA Group can help you achieve your business financial goals.

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5 Key Accounting Terms New Business Owners Need to Know

August 4, 2024 | Accounting Services

Navigating the world of accounting can be overwhelming for a new business owner. Understanding key accounting terms is crucial for managing your finances effectively and making informed decisions for your business. Edgewater CPA Group works with many new businesses in Carmel, IN, helping new owners navigate all things accounting, including these five key accounting terms.

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5 Benefits of Maintaining Accurate Payroll

June 16, 2024 | Business Development

Running a small business comes with a multitude of responsibilities, and one of the most crucial tasks is managing payroll. Accurate payroll isn’t just about getting your employees paid on time—it’s about ensuring compliance, maintaining trust, and making informed business decisions. Edgewater CPA Group manages the payroll for many small businesses; here are the top five reasons why accurate payroll is critical.

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Mastering the Art of Wise Business Decisions

April 15, 2024 | Business Development

Making wise business decisions is crucial for the success and growth of any company. As a business owner, you may find yourself faced with tough choices that could significantly impact your bottom line. That’s where the expertise of Edgewater CPA Group comes in. With their years of experience and in-depth knowledge of financial strategies and business growth, we can help guide you toward making smart decisions that will benefit your business in the long run. Keep reading to learn more.

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Understanding the Cash Conversion Cycle

March 4, 2024 | Business Development

As a small business owner, managing cash flow is crucial to the success of your business growth. One important aspect of cash flow management is understanding the cash conversion cycle. The cash conversion cycle is a key metric that measures how long it takes for a company to convert its investments in inventory back into cash. Edgewater CPA Group is here to help you understand how this cycle works.

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Leveraging Bookkeeping Services for Business Growth

February 2, 2024 | Bookkeeping Services

Managing the financials of your business is just as critical as delivering outstanding service to your customers. Accurate bookkeeping not only serves as the foundation for making informed financial decisions but also streamlines operations for business growth. But how can that be? Edgewater CPA Group walks you through how timely bookkeeping is pivotal for your business and how it aids in informed decision-making, ensures tax compliance, and ultimately contributes to your business’s overall success.

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What You Need to Know about the BOI

January 17, 2024 | Business Development

As a business owner, staying abreast of new information and reports relevant to your industry can be a challenge. One such report recently released is the BOI or Business Ownership Information report. As of January 1, 2024, registered businesses like Limited Liability Companies and Corporations must file this report with the Financial Crimes Enforcement Network (FinCEN). We realize you might have questions, so here’s what your friendly accounting experts at Edgewater CPA Group want you to know.

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How to Set Financial Goals for Your Small Business in 5 Steps

September 15, 2023 | Accounting Services

The success of any small business depends largely on its ability to set and achieve financial goals. Whether you’re an established business owner or just starting out, having a clear, well-defined set of financial goals is critical to your success. But what exactly are financial goals for your small business, and how do you go about setting them? Edgewater CPA Group is here to guide you.

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