Category: All
-
8 Financial Habits of a Thriving Small Business
When you think about thriving small businesses, what comes to mind? A strong customer base? Innovative ideas? While those are crucial, there’s another key factor that often gets overlooked: smart financial habits. The way a business handles its money can make or break its long-term success. Whether you’re just starting out or looking to level…
-
How to Check for Errors in Your Bookkeeping
You’ve wrapped up recording your transactions for the month and reconciled your bank account—great job! But how can you be sure everything is complete and error-free? Reviewing your work is a crucial step in the bookkeeping process, whether you’re managing your own books or handling them for a client. Let’s be real—mistakes happen (yes, even…
-
10 Bookkeeping Basics Every Small Business Owner Should Know
Bookkeeping might seem like a daunting task, but it’s an essential part of running a successful business. Keeping your financial records in order doesn’t just help you during tax season – it’s the key to making informed decisions, avoiding financial stress, and growing your business. If you’re new to bookkeeping but you’ve decided to take…
-
Understanding Financial Reports: A Guide for Small Business Owners
Financial reports might seem overwhelming, but they’re the key to understanding your business’s health. Whether you’re checking on profitability, monitoring cash flow, or planning for growth, these reports provide the insights you need to make informed decisions. In this post, I’ll break down the three main financial reports into simple terms and show you how…
-
The Pros and Cons of DIY Bookkeeping
As a small business owner, you know that keeping your finances in order is crucial to your success. But when it comes to bookkeeping, many business owners find themselves at a crossroads: should you handle it yourself or hire a professional? It’s a common dilemma, and there’s no one-size-fits-all answer. In this post, we’ll explore…