Counting Our Blessings: A Thanksgiving Message

Counting Our Blessings: A Thanksgiving Message

It seems hard to believe the calendar has flipped to November already, but here we are! As the air turns crisp and the scent of pumpkin spice fills the air, this time of the year offers a perfect moment to pause, reflect, and give thanks. At Knecht Business Solutions,...
Effective Debt Management Strategies for Your Business

Effective Debt Management Strategies for Your Business

The financial health of your business is one of the most important aspects of being a business owner. It can, however, also be impacted by a wide range of factors, both in and out of your control. One thing you CAN control is how much debt you accumulate and, perhaps...
Steps to Prevent Expense Fraud

Steps to Prevent Expense Fraud

Expense fraud can be a serious issue, but it is a risk that is often overlooked. Unfortunately, the longer fraud goes undetected, the greater the financial damage is for the business. Therefore, tackling the problem of expense fraud should be a priority for any...
A Dozen Ways for Summer Fun in Madison

A Dozen Ways for Summer Fun in Madison

It’s summertime in our hometown of Madison, so we decided to take a bit of a break from sharing our plethora of bookkeeping tips this month. Since a pretty good chunk of our clients and colleagues are headquartered here, we thought we’d take the opportunity to...
Tips for Tax Reduction in Businesses

Tips for Tax Reduction in Businesses

Now that tax season behind us, it’s a great time to reevaluate how you can minimize your company’s tax liability for the future. Have you evaluated your company’s current financial performance lately? By doing so, you can adjust your tax strategy...
Demystifying Accounting Terms

Demystifying Accounting Terms

Let’s face it. The language that financial professionals use can be confusing (and intimidating)! You may not even know what to do with the expert financial advice you get for your business without fully understanding the terminology. However, understanding the...
How to Develop and Improve Accounting Systems

How to Develop and Improve Accounting Systems

Accounting systems are the backbone of any business. They help us to ensure we have accurate record-keeping, financial analysis and decision-making items at our fingertips. If you’re looking for ways to streamline your processes and work more efficiently, learn...
The Importance of Bookkeeping in Securing Business Loans

The Importance of Bookkeeping in Securing Business Loans

Are you in search of a business loan? Make sure your books are in order because accurate bookkeeping plays a vital role in securing funding. Not only does it provide lenders with a clear impression of your business, but accurate financial records also show your...