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Bookkeeping

4 Tips on How to Stop Being Disorganized for the Small Business Owner

By Bookkeeping, Business No Comments

As a business owner you know you need to keep track of your books, reports, documents, and receipts, but you also realize you’re not a naturally organized person. Well, props to you for recognizing one of your weaknesses. It doesn’t mean you are a weak person. You simply need to develop some habits for how to stop being disorganized. These are not best practices, per…

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Negative Balances are a Red Flag in your Bookkeeping

By Accounting, Bookkeeping No Comments

Webster defines Red Flag as “a warning signal or sign; a problem to be dealt with.” Negative accounts are a big red flag in your bookkeeping.   Despite popular belief, bookkeeping isn’t necessarily only for doing your tax return, although that’s an added benefit. Bookkeeping is for recording and organizing all of your financial transactions made for your business operations. With good records you are…

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How to Implement Profit First [Meeting #4]

By Bookkeeping, Cash Management, Profit First No Comments

You’ve made it to the last implementation meeting. You’ve almost learned how to start Profit First for yourself. There’s one final big step to complete before going off on your own. You need to actually do allocations and put what you have learned into practice. If you were meeting with one of our professionals, the fourth meeting would be them observing you going through your…

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How to Implement Profit First [Meeting #3]

By Bookkeeping, Cash Management, Profit First No Comments

You’re halfway there. We’ve helped many clients successfully implement Profit First and it’s exciting that you have decided to join the elite, cash saving small businesses. By now you should have all your bank accounts set up and your books cleaned up and organized. The system works best when you go in order. That way you avoid extra work.   Read the first two blogs…

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