BudgetEase Blog - Making YOU Profitable™

    'Tis the eCommerce Season

    Despite the time of year, I chose to head to Aurora Outlets to pick up a few holiday gifts this week. I recall saying last year that I would spare myself the misery of trying to find a parking spot and waiting in line. Knowing the annoyance lying ahead, I went anyway.

    It’s Almost Year-End. What Should You Be Thinking About?

    It’s not too late to get organized for year-end. A lot of small business owners wait too long to get their financials in order. Closing the books for the year doesn’t have to be a race to the finish; it can be a jog. Below are a few things you can do now.

    We Tackle the Tough Stuff

    As the title suggests, we can help your small business tackle the tough stuff, and no we are not selling laundry detergent now. By the tough stuff, we mean all the transactions in your QuickBooks file that you haven’t cleaned up because you either don’t have time or don’t know how. Luckily for you, we do this every day (and actually like it).

    Never Hire Again

    Imagine how nice it would be not to have to hire a bookkeeper ever again. In addition to saving you time, an outsourced bookkeeping team will also save you money. Below are a few of the benefits of having an expert perform your bookkeeping.

    Still a Thankful Bookkeeper

    This has been a challenging year. The knee jerk reaction is to think about the difficulties (and there have been many) that this year has brought us. It is also time to consider the things we are thankful for.

    The Malarkey Involved in E-Commerce Bookkeeping

    With more people shopping online, it’s a great time to be in the e-commerce business. If you’re like other e-commerce businesses, it’s likely that you need help with your bookkeeping. There are a lot of moving parts and managing them is no easy task. Hot topics in e-commerce bookkeeping are:

    The Fall Catch-Up Challenge

    This has been an unusual year with COVID-19 and the financial burden many businesses are facing. What has not changed is the calendar. The year ends on December 31st, and accountants will want to start preparing taxes between now and then.

    E-Commerce and Sales Tax

    If you’re an e-commerce business, you know the pain and suffering involved in managing sales tax. Each state, and in some cases different counties within a state, have differing tax laws. Taxes can vary depending on the county in which  you are selling!

    How to Make Your Small Business Profitable

    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.

    Feeling the Burn - Burn Rates Explained

    The current economic environment has been challenging for all business, particularly small business. To that end, it’s important to know your Burn Rate and adjust spending accordingly.

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