Do you ever wonder where your business’ money is going? If not, it’s time to look further. A great way to find out is by using the cash flow statement, or statement of cash flows. Along with the ...
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 ...
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 ...
As COVID-19 rages on, there are additional relief packages being considered in the Senate. Among them are The Health, Economic Assistance, Liability Protection and Schools (“HEALS”) Act and the ...
We are approaching the time of the year when small businesses look at their books and realize they are behind, and in some cases, really behind. The knee-jerk reaction is to start adding and ...
The first step to starting a small business or startup can be found here. As a bookkeeper, I am sharing some insights to maintain sound financial records. These are steps to put you on strong ...
Step 1: Set up a Business Checking Account You have a wonderful idea for a new business. You have tested your idea and it is going to work. You have even roughed out a budget and the idea is ...
There are many moving parts in an eCommerce business. As if monitoring sales on several different platforms isn’t confusing enough, add managing inventory, taxes, payroll, and marketing. All of this ...
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, ...
When you finally decide to take the leap and hang your own shingle, you want to be sure you're doing everything the right way out of the gate. Your bookkeeping is one of those functions that starting ...
