Bookkeeping is the process of keeping track of every financial transaction made by a business. Accounting analyzes and reports financial information for the business. Both
When you run a business, not everyone who does work for your company is considered an employee. Some may be considered independent contractors. For example,
Working with one or two large clients might look good on your bottom line but fostering diversity in your customer base will ensure better financial
Starting a business means learning from a thousand mistakes. The good news is, you can learn lessons from other entrepreneurs’ mistakes. That way, you won’t
Unfortunately, most business owners give me that look like deer in headlights when I first discuss financial statements because they have no what is detailed
Mid-Year Check In A year is a long time. Things change, probably multiple times. To avoid stress, anxiety, and a general feeling of overwhelm, I
While the balance sheet is a snapshot of your business’s financials at a point in time, the profit and loss statement shows you how profitable
Let’s keep this short and sweet. As a business owner you have a responsibility to maintain books and records for your business. The guidance from
Let’s start your business! And if you have not done all these things let’s fix that now, it’s not too late. Starting a business can
A balance sheet is a snapshot of your business finances as it currently stands. It illustrates the assets you own, and liabilities (i.e., debts) you owe, at
While most entrepreneurs focus on increasing sales to increase profit, lowering expenses is equally or perhaps more important when trying to achieve or maintain profitability.
Time For Taxes Filing income tax occurs once per year but tax planning is a year-round exercise. Here’s some simple tips: Keep your business and
Preparing for tax season can be daunting, even if you have kept up with your bookkeeping and record-keeping throughout the year. But it doesn’t have
My Favorite Business Tools One of the questions I get asked a lot is “what do you use for…?” So, let me share what business
