How to catch up on your bookkeeping

Are you the kind of person who just avoids doing your bookkeeping in your business? It really just isn’t something you like doing, plus it stresses you out. What if you do something wrong? And that wrong thing sends a bat signal to the IRS that you need them to show up on your doorstep to audit you? So […]

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Price vs Value: What’s the Difference? What do I use?

When you have your own business, you have to put a price on your products and services so that people can buy them. But before you can figure out the price, you also need to figure out the value of what each item is worth. It’s also important to note that prices and values are really just […]

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The Top Reasons Why You Should be Using Quickbooks Online

Bookkeeping software will make your business bookkeeping and accounting that much easier. And you know you need one. You’ve been doing some research on which program is the best one that you will use in your business.  My personal favorite software is Quickbooks, and specifically, Quickbooks Online.  Quickbooks has a desktop version and an online […]

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Will bookkeeping and accounting be replaced by robots or AI?

With the rise of AI and more computer automated everything, the question does come up a lot about whether or not bookkeeping and accounting will be replaced by robots or AI.  If you think about it, there is a possibility that it could be.  But let’s look a little deeper at it here for a […]

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How to Choose the Best Accounting Software for Your Online Business

There are so many options available to choose from when it comes to your business bookkeeping. And you know you need to have a software that you work with to record your income and expenses.  How do you even know which program to pick? Start with making a list of the things you really want […]

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How to Stop Wasting Time with Your Bookkeeping

When you do your own bookkeeping for your own business, it can be a pain and it can also just be a huge stressor in your business.  But there are still ways that you can reduce the amount of time you waste on your bookkeeping.   How can you stop wasting time on your bookkeeping?  […]

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Common Bookkeeping Misconceptions

It’s easy to think that bookkeeping is really just data entry.  The transactions that happen in your business just need to go into the right categories, so that when it’s time to file your tax return, it’s simple and easy to just fill in the categories.   But bookkeeping is actually so much more than […]

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Warning Signs that Show up in Your Profit and Loss Statement

The profit and loss statement, or what is more commonly known as the income statement, is a simply a statement that tells you your revenue minus your expenses.  But when you look at this statement in more detail, it is a tool for you to evaluate your business, manage your business, and can even help […]

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Top Bookkeeping Frustrations for Business Owners

As a business owner, you know that you need to do your bookkeeping.  It’s important for your taxes. But it’s also important for your business. It’s how you gauge your progress in your business.  But bookkeeping is just a whole boatload of frustrations for the busy business owner.  Here are several of the frustrations that […]

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Why bank reconciliations are important for your business

A bank reconciliation is the one part of your bookkeeping that tends to get overlooked the most.  A bank reconciliation is a comparison of what went through your bank account to your bookkeeping program. This helps to make sure everything is included and that there are no double transactions.  This is also why you want […]

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Most Common Bookkeeping Setup Mistakes

As a business owner, it’s not always easy to set up your bookkeeping system for yourself.  You can definitely try. But do you know how many people have asked me what cash versus accrual means? Or what is a Chart of Accounts?  Or that they should have an accounting period set up for their business?  […]

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Tax Strategy or Tax Compliance: Which do you focus on?

The sad thing is, more people end up focusing on tax compliance than they do over tax strategy.  Partly because, many don’t know the difference between the two and they don’t like to look at their numbers.  So many entrepreneurs are afraid to look at their numbers because they are afraid they are in the […]

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Working with a Bookkeeper: How to Get the Most Value out of a Bookkeeper

Whether you have a bookkeeper that is in house in your business and an employee or you outsource your bookkeeping to an agency, your bookkeeper is still a very important part of your business.  Maybe you are the type of business owner who doesn’t like to look at your money and that’s why you really […]

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Questions You Should Ask Your Potential Bookkeeper

You’ve finally realized it’s time to hire a bookkeeper for your business.  You start looking around and setting up some calls with potential bookkeepers.  But now, what questions do you ask the bookkeeper when you actually get on the phone with them? Or do you let the potential bookkeeper run the entire call?  When you […]

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What do you get the entrepreneur who already has everything?

So you’ve got an entrepreneur or two in your life that you need to buy gifts for this holiday season.    But you really have no idea what to get them that they would actually enjoy. I get it, some people can be really hard to buy for.     Check out this gift guide […]

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7 Reasons Why You Should Outsource Your Bookkeeping

Bookkeeping is a crucial business task that must get done whether you like to do it or not.  When you outsource your bookkeeping, you no longer have to worry about whether or not your bookkeeping gets done or not. You know it’s going to get done.  I am a big proponent that you know how […]

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What should my profit margin be?

In order to really keep growing my business, what should my profit margin be? If you really want your business to be successful, then you are going to want a high profit margin.  If you don’t care so much about a successful and profitable business (which should be no one!), then it really doesn’t matter […]

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How to Get Past Your Bookkeeping Overwhelm

Does your bookkeeping stress you out? Or does it just overwhelm you?  You know as a business owner that your business finances need to be taken care of on a regular basis.  It can be stressful, yes.   But for most people it’s overwhelming. It’s a part of the business that most just don’t want to […]

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5 Red Flags Your Potential Customers May Be Sending You

Every business wants to attract their soul mate clients to their business.  But in the process of attracting your soul mate clients, you also end up attracting the clients that you usually don’t want to work with.  Its a part of being in business.  It happens to businesses all around the world, both big and […]

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Easy Bookkeeping for the “I CAN’T DO THIS!” People

When I talk to business owners about their business finances and their bookkeeping, everyone finds this to be one of the most stressful and tedious tasks.  But everyone can easily learn to do their bookkeeping, or just outsource it to a professional to get it done for you regularly.  Why are you scared to do […]

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