Operating an e-commerce business means dealing with a lot of moving parts and invariably bookkeeping problems. The problem we see most often is organizing information stored in a number of different places, then consolidating it in one place to create useful data used to make insightful business decisions.
We work with many nonprofits and understand the hurdles they face trying to grow their organization while effectively managing finances, including financial planning and reporting. Here are just two examples of how BudgetEase has helped nonprofits through its bookkeeping expertise.
Whether using QuickBooks, QuickBooks Online, or a QuickBooks app, people make mistakes all the time. Listed below are the most common mistakes to watch out for.
Here are the top 10 QuickBooks mistakes we see most often:
Every business owner is concerned with being profitable, particularly in this pandemic. Profit is not just the money you put in the bank. You need to cover the costs associated with being in business (rent, payroll, taxes, supplies, etc.). The amount left over is your profit margin. While there is no magic formula for making your small business profitable, there are several things you can do to increase your profit margin.
One of the toughest aspects of being a business owner is planning for upcoming expenses when you are not in the habit of forecasting revenue and expenses. You may want to hire another employee, purchase new equipment, or expand the location of your business. Many of these expenses are necessary in order to grow your business, but how do you know if, or when, you can afford them?
Our clients are amazing. Every day we applaud their tenacity, dedication and drive. We hear it all: the successes, the families they support, the struggles and the ugly! Sometimes the simplest decisions and the seemingly smart “shortcuts” aren’t the right answer.
Our very own George Dise shares all of the great services we offer at BudgetEase in our new video. Have a look: