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Posts by Kelli Francis

Managing Your Finances

What Is a General Ledger, and Why Do You Need One?

To run your business smoothly, it’s crucial to have a working understanding of your company's assets, liabilities, revenues, debts, and expenses. The ideal tool for that is a general ledger, which enables you to track those metrics and provides a baseline for your financial reporting.
Managing Your Finances

How to Create a Small Business Balance Sheet

Here’s everything you need to know about balance sheets, including why you need one and how to make one.
Managing Your Finances

Cash Flow Analysis 101: What it is and how to do it

A cash flow analysis allows businesses to understand their financial health and adjust accordingly. Put this practice in place to ensure that your business remains a powerful presence in the marketplace long-term.
Operating a Business

Why Should You Convert Your Sole Proprietorship to an LLC?

The type of business you run and how you operate will determine whether a Sole Proprietorship or LLC is right for you. Here’s why you should consider making the switch.
Operating a Business

Converting Your LLC to an S Corporation: Pros, Cons, and How-to Guide

Here are some tips to help you understand why, how, and when to convert your LLC to an S Corporation.

How to Expand Your Customer Base and Increase Sales

Increasing your customer base is an essential part of building your business. Here are a few tried and tested approaches to expand your customer base.
Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.