Articles
Why You Need to Clean Up Your Chart of Accounts
Your chart of accounts is the foundation of your bookkeeping. It organizes all your income, expenses, assets, and liabilities into categories. When it’s set up properly, you get clear financial reports that make decision-making easier. But when it’s messy, it can:...
Avoid these bookkeeping mistakes (they cost big in clean-up fees)
Bookkeeping isn’t always the most exciting part of running a business. But here’s the truth: ignoring it, or getting it wrong, can end up costing you a lot more than just time. We’ve seen small mistakes snowball into expensive clean-up jobs that business owners never...
How Small Businesses Can Reach Break-Even
Every business owner should know their break-even point. It’s the number that tells you how much you need to sell before you start making a profit. Once you pass it, every sale adds directly to your bottom line. Here’s a simple example for a service business: Imagine...
The best bookkeeping tools for solopreneurs and start-ups
As a solopreneur or start-up owner, managing your books can feel overwhelming, but it doesn’t have to be. The right bookkeeping software helps you stay organized, save time each week, and have confidence in your financial decisions. Clear, accurate records mean fewer...
Hiring Your First Employee and Payroll Simplified
Ready to take the leap from solopreneur to employer? Hiring your first employee is exciting but can feel overwhelming. Let's break down when it's the right time and how to handle payroll without losing your sanity. You're ready to hire when you're consistently turning...
Simple Bill Pay Solutions for Your Business
Tired of scrambling to pay bills at the last minute? Or worse, getting hit with late fees that eat into your profits? Let's fix that chaos once and for all. The secret to stress-free bill payments is creating a simple routine. Pick two days each month for bill...
How to Manage Your Bookkeeping When Juggling Multiple Income Streams
Got multiple businesses under your belt? Maybe you're running a consulting LLC while also operating a separate product business? Here's the golden rule that'll save you major headaches: each business entity gets its own set of books. If you have multiple businesses...
Smart Tips for Picking a Business Credit Card
Business credit cards can be incredibly useful, but only if you choose the right one. A business credit card should support your operations and financial goals. The right card can help you manage cash flow, earn rewards, and simplify your business spending, but not...
Business Income-Related Red Flags
Nobody wants a surprise letter from the IRS. And when it comes to your business income, there are a few red flags that could draw attention even if you’re not doing anything wrong. Here are some of the most common income-related red flags we see and how to avoid them:...
Thinking About Switching Accounting Software?
If you’ve been feeling frustrated every time you open your accounting software, you’re not alone! One of the questions we hear often is: "How do I know if it's time to switch accounting platforms?"Here are a few signs it might be time: 1. You're outgrowing your...