What is bookkeeping? You are here to understand bookkeeping essentials for beginners. After reading this you should have obtained enough knowledge to understand the basics and better run your small business. Bookkeeping is a fundamental component of any business, big or small. Bookkeeping involves the process of recording and organizing financial transactions such as sales, […]
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As a small business owner, you know that bookkeeping is the backbone of financial success and business growth. In this post, we dive into the month-end bookkeeping process and unravel the steps that ensure your financial records are accurate. Up-to-date bookkeeping is a strategic asset for your business! Understanding the Importance of Month-End Bookkeeping Why
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Running a small business comes with its own set of challenges. One of those challenges is managing expenses. Managing expenses is crucial to ensuring long-term success in your business. While some costs are evident, others might slip under the radar. In this post, I’ll uncover five common, but often overlooked expenses that small businesses should
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Are you unsure of what type of backend accounting software you need? Or what you need to be able to do with said accounting software? In this guide I am going to share with you my personal favorites and price/capacity for any small business at any stage of growth! **This post contains affiliate links.** Excel
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Put these tools to work for you! Using software in your small business helps increase efficiency while also keeping costs low. All tools mentioned in this post are my tried and true that I use daily! **I do not receive any commissions for recommending these. If you are a strung out business owner like I
Pricing has got to be one of the HARDEST things to do for your service based business. Let’s breakdown some options for pricing your services. Not sure how to even come up with a rate for your services? Check out my post on the 7 Steps to Pricing before digging into the options I will
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It’s a new year and with a new year comes New Year’s resolutions. If you have creating and launching your business on this year’s bucket list, this post is for you. In this post we are taking a deep dive and outlining the 7 steps of pricing services for your service-based business. Are you afraid to start
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Starting your journey of understanding the accounting world can feel like stepping into a complex maze of numbers, ledgers, and financial reports. Fear not! The accounting cycle is the roadmap that simplifies the journey, providing structure and clarity to the back end of your business. In this beginner’s guide, we’ll unravel the accounting cycle, step
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Cash VS Accrual for Your Small Business **This post contains affiliate links. All products recommended are tools/software I use daily! When it comes to managing your small business’s financial transactions, selecting the right accounting method is crucial. Two methods of recording financial transactions are cash basis and accrual basis. In this blog post, we’ll explore
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Deep Dive to Understanding Financial Statements for Your Small Business Financial statements are the backbone of assessing a company’s financial health. These documents provide a clear snapshot of a business’s performance, position, and cash flows. In this post, we’ll dive into the different types of financial statements, discuss their importance, and examine how they work
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In the crazy world of entrepreneurship, small business owners often find themselves juggling multiple roles to keep their ventures afloat. Amidst the hustle, it’s easy to overlook the foundational aspect that can significantly impact a business’s success: bookkeeping. In this blog post, we’ll jump into the importance of bookkeeping for small businesses and uncover why
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