As a business owner, it’s common to have expenses that overlap between business and personal use. The tricky part is figuring out what portion is deductible.
Catch Up or Clean Up, Which Bookkeeping Service Do You Need
Not all bookkeeping problems are the same and the solution depends on your situation. Here’s how to tell which service fits your business best:
Why You Need to Clean Up Your Chart of Accounts
Your chart of accounts is the foundation of your bookkeeping. It organizes all your income, expenses, assets, and liabilities into categories. When it’s set up properly, you get clear financial reports that make decision-making easier.
Hiring Your First Employee and Payroll Simplified
Ready to take the leap from solopreneur to employer? Hiring your first employee is exciting but can feel overwhelming. Let’s break down when it’s the right time and how to handle payroll without losing your sanity.
Simple Bill Pay Solutions for Your Business
Tired of scrambling to pay bills at the last minute? Or worse, getting hit with late fees that eat into your profits? Let’s fix that chaos once and for all.
How to Manage Your Bookkeeping When Juggling Multiple Income Streams
Got multiple businesses under your belt? Maybe you’re running a consulting LLC while also operating a separate product business? Here’s the golden rule that’ll save you major headaches: each business entity gets its own set of books.
Smart Tips for Picking a Business Credit Card
Business credit cards can be incredibly useful, but only if you choose the right one. A business credit card should support your operations and financial goals.
Business Income-Related Red Flags
Nobody wants a surprise letter from the IRS. And when it comes to your business income, there are a few red flags that could draw attention even if you’re not doing anything wrong.
Thinking About Switching Accounting Software?
If you’ve been feeling frustrated every time you open your accounting software, you’re not alone! One of the questions we hear often is: “How do I know if it’s time to switch accounting platforms?”
The Key Numbers You Need to Scale Your Business Successfully
Scaling a business is exciting, but growth without financial clarity can lead to cash flow problems, unnecessary debt, and unpredictable expenses. If you’re looking to scale your business successfully, these key numbers will help you stay in control and make informed decisions. 1. Revenue vs. ProfitMore sales don’t always mean more profit. Track both to […]