Part 3 of the Bookkeeping 101 series! Once you conquer the initial learning curve and backlog hurdles, maintaining a clean bookkeeping system can actually become a really low-energy, habitual process. So today, let’s take a look at exactly what a typical monthly bookkeeping routine looks like, so you can check off every box and know that you’ve done your duty this month.
Part 2 in our Bookkeeping 101 Series! One of the biggest hurdles that gets in the way of entrepreneurs and their bookkeeping is getting started. And it makes sense. Getting started with a new system is always a daunting task! In this post, we’re going to go over what you need to know to get started with your bookkeeping TODAY!
Part 1 in the Bookkeeping 101 Series! Having an understanding of a few accounting concepts can make a world of a difference in how you approach your record-keeping! In this post, we’ll cover the basics of accounting like Accounts, Double-Entry Accounting, Debits and Credits, Cash and Accrual Accounting, Reconciliations, and Financial Statements.
What would you say to a system that guarantees your business will turn a profit, save for taxes, pay your expenses, and pay YOU?! The correct answer is “Uhm, where do I sign up!?” Even as an accountant, I’m not sure I would have believed such a system was possible. But the magic unicorn is real, ya’ll. And it’s honestly so simple.
How do you know when your business is ready for a CPA? The answer depends entirely on you, but today, I'm going to help you make that decision. Because I'm helpful like that. There are so many reasons you may need a CPA, and plenty of reasons why one is unnecessary for your current stage of business. Take some time to assess your business’ needs so you can make the best decision moving forward!
Lost with your bookkeeping? Learn the super simple yet effective way that accountants check the accuracy of their financial records - bank reconciliations!
Struggling to ensure the accuracy of your business' finances? Learn how to reconcile your bank account and troubleshoot when the numbers don't add up!
We should all expect income reports to share useful, accurate, and honest information. Whether you write the reports or read them, it's so important to understand just how these income reports can go wrong - and what to do about it!
You want your online business to be a real business. You want it to grow profitable and successful so it can provide for you and your family and free up your future. You want to do this right! So let’s learn how to add one high-impact activity to your calendar: A Budget Meeting.
Income Statements aren't scary. They're simple, they're informative, and they're a powerful tool for your business decision-making. And, believe it or not, you owed your blog a proper Income Statement the exact month you first spent money on it.
Perhaps you're wondering, "what the heck is a business finance coach?" Then you're thinking, "in what circumstance would I want to pay for that?" I get it, business finance is not a hot topic in the creative blogging entrepreneurship world. Which is precisely why we need it so badly.
Your business isn't making any money yet, or maybe it's just making a little. You know that, at some point, it'll be a smart move to separate your personal and business money, but you're not quite a business yet, are you? So what's the right time to start a separate account for your blog? When is it enough of a business to treat it like one?