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February 25 2021

Fighting Cybersecurity Threats in Your Business

Veronica Herrera Business Tips, cybersecurity

If you keep any kind of digital information in your business, you have a chance of becoming a victim of a cybercrime. The odds have increased exponentially during the pandemic, with more cyberthreats and scams floating around than ever before. Here are some ways to reduce your chances of getting attacked. Social Engineering Social engineering […]

February 11 2021

The Concept of Independence in Accounting

Veronica Herrera Uncategorized

Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This opinion takes the form of a report that can be shared with third parties such as […]

January 27 2021

Ten Places to Look to Find More Profits

Veronica Herrera Blog, Business Growth, Business Tips, Profitability Tips

A great way to start 2021 is to take a fresh look at your business finances. Many things changed in 2020, and if you are in the habit of spending on the same items year after year, it’s the perfect time to decide what is essential and what can go. There are only a few […]

January 14 2021

Should Your Business Become Cash-Free?

Veronica Herrera Blog, Business Growth, Business Tips

A cashless business is one that processes all cash transactions electronically. There is no paper or coin money taken or handled. While no one society has become 100 percent cashless yet, most organizations are moving in that direction. A business can become cash-free by providing multiple electronic alternatives to payment.  Credit cards are the most […]

December 31 2020

Wrapping Up 2020

Veronica Herrera Personal Development

Year-end is the perfect time to reflect on accomplishments achieved since January. It’s also an important time to put things into perspective as we turn the page and start a new year. What We Learned With so much change in 2020, the opportunities to learn have been abundant. Take a moment and contemplate the following: […]

December 17 2020

105 Ways to Speed Up Cash Flow in Your Small Business

Veronica Herrera Blog, Business Growth, Business Tips

One of the top challenges for small businesses is managing cash flow effectively. There are times when the most experienced business owner can run short just before payroll day or get into trouble because they didn’t plan for a large expenditure. Not having enough startup cash causes a significant number of small businesses to fail […]

December 17 2020

A 39-Item Tax and Accounting Year-End Checklist for Your Small Business

Veronica Herrera Blog, Business Tips

Keeping your accounting records up to date all year long is essential for any business so you can see exactly where your business stands and be able to make thoughtful decisions based on clean numbers.  At year-end, there are a few extra accounting tasks to finish so that your books are ready for the tax […]

December 17 2020

The Power of Listening

Veronica Herrera Business Growth, Personal Development

Now, more than ever before, the act of listening is important. Not only is it important to listen to someone, but to effectively listen to them. Sure, we all know that in order to understand individuals, to connect with them and understand their wants and needs, we need to be alert, focused, and mindful. After […]

December 3 2020

The Personal Financial Satisfaction Index (PFSi)

Veronica Herrera Finance Management, Personal Development

How happy are you with your financial situation right now?  In other words, do you feel personal financial pleasure or pain when it comes to your financial standing? That is what the Personal Financial Satisfaction Index strives to measure for the typical American. The PFSi is a quarterly economic indicator created by the American Institute […]

November 19 2020

Being Grateful in a Less-Than-Awesome Year

Veronica Herrera Personal Development

It goes without saying that 2020 has been quite the year—and it’s not even over yet! Of course, any one of us could easily come up with a long list of things to be ungrateful for, a negative list of every bad occurrence that has taken place since March due to the Coronavirus pandemic. In […]

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Accounting for QuickBooks, Bookkeeping, and Outsourced Controller services

Summit Accounting Solutions

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Los Angeles, CA 90066

310-313-1510
veronica@summitsolutionsla.com

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