BudgetEase Blog - Making YOU Profitable™

    10 Small Business Bookkeeping Tips for New Businesses

    1. Determine the best type of business entity to conduct your business. The major choices include sole proprietorship, partnership, limited liability company LLC, corporation, and non profit.

    How Vacations Make YOU Profitable

    It is known that most Americans leave several days of vacation on the table each year, but what about the business owners? We rarely break away from our beloved business for evenings and weekends, let alone a few days or a week away. Pride and passion drive our vision, mission and ideally a strong bottom line.

    Here are few reasons why you should give yourself permission to vacation:

    Video: Borrowing Funds for a Small Business

    Many of our clients agonize over starting a conversation with a lender to obtain a loan to grow their business. They don’t know where to start. Here are 3 places for small businesses to look to borrow funds.

    Steer Your Business Forward With a Collaborative Crew

    We see the many ways the triangle of bookkeeper, business owner and accountant can truly work to everyone’s advantage! Here are a few tips for creating that unique collaboration that steers your business forward:

    Simplify Your Business with QuickBooks

    We see so many small business owners stockpiling receipts, using Excel spreadsheets or even pen and paper to track their sales and expenses. They’re comfortable with their system because there are few transactions, they get the information they need and they think they don’t have the time to do more.

    One Quarter Down, Three To Grow!

    How are you doing now that spring has sprung? Feeling lighter, brighter and refreshed? We hope both you and your business are bouncing along nicely into spring. How do you know if this year will blossom, or if parts of the business are late bloomers and dragging you down?

    Do You Love or Hate Your Bookkeeper?

    Sometimes bookkeeping for small businesses can be frustrating, both for you as an entrepreneur and for your bookkeeper. They slow you down by asking questions about things that you would rather not deal with, like: 

    Is it Time to Hire a CFO?

    When is it time to hire a CFO? I spoke to Tom Gentile, partner at part-time CFO firm BeaconCFO Plus in Cleveland, to find out. According to Tom, reaching a certain size is not the indicator.  Situations cause the need for a CFO. Here are some he mentioned:

    How to Get the Best Price When You Sell Your Business

    After attending a seminar about selling a closely held business, presented by Jim Aussem with Cavitch Familo & Durkin, I had to share some thoughts with you.

    How to Knock Out 12 Months (Or More) of Bookkeeping

    February is already here, and you haven’t started your tax prep yet? It happens. And it can be overwhelming!