Category: Tips & Tricks

  • The Hidden Costs That Are Eating Away at Your Bottom Line

    As a small business owner, you’re probably watching the big numbers: revenue, rent, payroll. But what about the smaller things? The overlooked subscriptions, missed receipts, or time you’re giving away for free? These might not seem like a big deal at first, but over time, hidden costs can quietly chip away at your profits. And…

  • Mastering QBO Tax Codes for Accurate GST Reporting

    Learn how to use QBO tax codes correctly to avoid GST filing errors. This in-depth guide covers common tax codes, report impacts, and how to spot and fix mistakes before they cost you. If you’re using sales in tax in QuickBooks Online (QBO), you’ve probably noticed a number of tax codes besides just the usual…

  • Top 10 QuickBooks Online Tips for New Users

    When you’re first starting out, QuickBooks Online (QBO) can feel a little overwhelming, especially if you have no prior bookkeeping experience and you’re trying to figure it all out on your own. The good news? QBO is designed with business owners in mind, and once you get the hang of it, it can be one…

  • 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…