You may be an expert in your field, but as a small business owner you need to wear a number of different hats, and you’re probably not an expert in everything. For a lot of business owners, small business accounting is an intimidating challenge. You can work hard,...
Badly tracked finances can cause your business a world of problems—from poor cash flow to improper tax filings and beyond. These kinds of problems can put a young business at serious risk. Good bookkeeping habits, on the other hand, can help a business thrive—and not...
Whether you are already underway with your business efforts, or you are just getting started, there are a few bookkeeping rules that should be implemented into your financial system: • Rule #1 – Separate Personal and Business Finances: Even though you are fronting the...
1. GIVE CLIENTS THEIR TIME BACK Clients value day-to-day finances becoming virtually hands-off! I take care of all their time consuming bookkeeping tasks, which lets them focus on actually growing their business. 2. LEARN TO LISTEN I build a great working partnership...
Managing finances and taxes comes with a learning curve for just about anyone, and freelancing seems to come with its own set of rules. From navigating quarterly tax estimates to setting up an LLC, there’s a lot to think about when you set out to work for...
Keeping your company finances in order is essential to the long-term success of your business. There are an endless number of benefits to maintaining accurate books, from having the data you need to make smarter business decisions to fulfilling your tax obligations...
Picture this. You missed your virtual team meeting for your side hustle, so you reschedule—that product launch will have to wait. At home you ignore the dishes from Friday’s half-eaten breakfast, open your laptop, and spend seven hours on sales calls. So much for...
If you’re like most people, you probably want to spend your Saturday and Sunday sleeping in, only to roll out of bed and onto the couch to veg out in front of a little mindless TV—but just until it’s time to change out of your sweats and into real clothes for dinner...
Accounting is part of a successful business. Here are ten questions that business owners should ask their bookkeepers to ensure that they have the right team: 1. Where do you think we’re wasting money? Your business’s bookkeeper knows your business’s finances better...
Bookkeeping, in general terms, is simply the recording and storing of your business transactions – what you’re earning (income) and what you’re spending (expenses). You have to keep records of all your business transactions, as well as proof that...
