Find and Hire a Bookkeeper for Your Business (Tips & FAQs)
With your business growing by leaps and bounds, bookkeeping is taking up a larger portion of your weekly routine. You are ready to pass on this task to an expert, one who can make sure everything is categorized appropriately while also making sure that your financials are accurate and up-to-date. Let’s dive into why you […]
Top 10 Monthly Bookkeeping Services: Features & Pricing Compared
Let’s talk about monthly bookkeeping services. Your stacks of receipts and deposit slips are piling up, but you are not sure where to start with reducing that pile. While it might intimidating to get started with the bookkeeping for your business, it is possible with the right software to ensure your financial data is […]
Hiring a Bookkeeper for Your Small Business: Essential Steps and Benefits
Your business is growing, and new opportunities are around the corner, but you are struggling to determine whether you can move forward with them. Why? Most often, business owners are wearing multiple hats, and while an opportunity might bring greater sales and potential profits, the truth is they don’t have enough time in the […]
Bookkeeping For Entrepreneurs: Tools, Tips, Mistakes & FAQs
Entrepreneurs take risks, juggling so many different aspects of starting and building a business. For many entrepreneurs, once the business is viable, they sell it and move on to create the next startup. Entrepreneurial bookkeeping is critical since it will provide the basis for determining the value of their startup to figure out the sale […]
How to Calculate Year Over Year Growth | Definition & Formula
To make the best decisions for your business, you need to understand where you are financially, what areas of your products and services have grown, and where changes might be necessary. Having the right financial information in place can assist you in analyzing your business and crafting budgets that support future growth and expansion. […]
What Does a Bookkeeper Do? 11 Most Common Duties
Growing a business means understanding the financial health of your company, and then making decisions that support expansion. The problem for many small businesses is that taking care of the financials is time-consuming. Too many business owners wait until tax time or when they need updated financials for financing to address their bookkeeping. Having […]
Owner’s Draw vs Salary | How to Pay Yourself
While we all have different reasons that made us decide to start a business, the truth is that we also need to make a living. Working for free is not a likely option for most business owners, but figuring out how to get a paycheck from your business can be challenging, especially in the […]
GoDaddy Cuts Online Bookkeeping | Here’s 7 Alternatives for 2023
With GoDaddy announcing that it will no longer provide bookkeeping services as an option to its customers, many current clients are wondering what options are available, both for initially migrating their online data and for tracking their expenses and income moving forward. While it can be challenging to transition your bookkeeping to new accounting […]
Owner’s Equity Guide: Definition, Calculation, & Statement
Running your business means investing time, energy, and capital. However, when you look at your financial statements, there isn’t a line item that indicates what you contributed to both start and keep your business running. Or is there? Today, let’s dive into this owner’s equity guide and learn how it translates your investment into […]
Accrual Accounting vs Cash Accounting | A Simple Guide
Building a business involves understanding how cash flows in and out. Your financial statements are key to that process, but to make sure your financial statements can allow for accurate comparisons across time, you need to have a consistent form of accounting in place. With that in mind, let’s talk about what types of […]
