Blogs

Learn how to analyze your best and worst performing products so you can improve cash flow, reduce slow-moving inventory, protect profit, and make smarter buying decisions.

Many retail and eCommerce business owners wait until year-end, tax time, or a cash crunch to review inventory. By then, slow-moving stock, overbuying, missing products, and cash flow problems may already be hurting the business. Learn when to review your inventory and how a better rhythm can help protect your cash.

Many retail and eCommerce business owners run everything through one bank account and wonder why cash always feels tight. A Profit First approach helps separate money by purpose, including inventory, profit, owner’s pay, taxes, and operating expenses. Learn how six bank accounts can create better clarity around your business finances.

Your profit margins may look healthy, but they do not always tell the full cash flow story. Learn why margins can be misleading and what to track instead.

Learn how to use a simple cash flow forecasting template to predict slow seasons, plan expenses, protect profit, and make smarter business decisions.

Many eCommerce business owners rely on their financial reports to make important decisions. But there’s a problem. In many cases, the numbers are wrong. Not because anyone intended to misreport them, but because eCommerce accounting is more complex than traditional bookkeeping. If the accounting system isn’t set up correctly, financial reports can become misleading and […]

Many business owners assume fraud only happens in large corporations. In reality, small and mid-sized businesses are often more vulnerable because they typically have fewer internal controls and rely heavily on trust. According to studies by the Association of Certified Fraud Examiners, small businesses experience disproportionately higher losses from fraud compared to larger organizations. The reason is simple: When businesses […]

Many successful businesses grow quickly — but their processes never catch up. At first, the owner knows everything. Employees ask questions, and the owner answers them. Over time, however, this creates a serious problem: The business becomes dependent on people instead of processes. When procedures are undocumented, businesses face risks like: The solution is a Standard […]

Many eCommerce business owners rely on their financial reports to make important decisions. But there’s a problem. In many cases, the numbers are wrong. Not because anyone intended to misreport them, but because eCommerce accounting is more complex than traditional bookkeeping. If the accounting system isn’t set up correctly, financial reports can become misleading and […]

Many business owners assume fraud only happens in large corporations. In reality, small and mid-sized businesses are often more vulnerable because they typically have fewer internal controls and rely heavily on trust. According to studies by the Association of Certified Fraud Examiners, small businesses experience disproportionately higher losses from fraud compared to larger organizations. The reason is simple: When businesses […]

Many successful businesses grow quickly — but their processes never catch up. At first, the owner knows everything. Employees ask questions, and the owner answers them. Over time, however, this creates a serious problem: The business becomes dependent on people instead of processes. When procedures are undocumented, businesses face risks like: The solution is a Standard […]

Maybe you’re a small business owner who has decided that it’s time to outsource your bookkeeping, or maybe you are starting a new business and want to make sure you keep on top of your finances from the get-go. Whatever the reason, finding a good Quickbooks bookkeeper is essential to keeping your business finances in order. If you are […]

It’s probably one of your toughest challenges. How do you encourage customers to make payments faster? Cashflow is a huge problem for so many businesses right now. Unless you sell products or services that are in high demand during the COVID-19 pandemic, you’re probably struggling to get payments from customers who are also cash-strapped. Adding […]

If you have to track many employee work hours, you might want to use QuickBooks’ Timesheets.  Last month, we introduced the concept of time tracking in QuickBooks. Using the software’s tools, you’re able to record individual blocks of time that employees have worked, so that you can include them in payroll and billing customers when necessary. We went […]

Whether you’re recording employee hours for payroll or customer billing, your entries must be accurate. QuickBooks can help. It’s easy to track the sales of goods in QuickBooks. You create an invoice or a sales receipt, select the product the customer wants along with the quantity, and save the transaction. QuickBooks reduces the corresponding inventory level and […]

Communicate with Customers: QuickBooks and Microsoft Word The pandemic has forced businesses to find new ways to connect with customers. QuickBooks has built-in tools that can help. Businesses are starting to cautiously re-open in the U.S. (at least partially), but we’re still a long way from “normal.” Because of COVID-19, some companies have done very […]

If you have been looking into bookkeeping consultants but aren’t exactly sure what to expect or if you need one, this blog is for you.  In this post we will be answering these questions: Let’s dive in! What Is A Bookkeeping Consultant? As a business owner, you have a lot to do. Making sure your […]

If you are wondering what IRS Receipt Requirements you’ll need to know as a business owner, you’re not alone.  In this blog we will be discussing the exact receipts you’ll need when the IRS comes knocking. Let’s jump right in! Section 1: What Is A Receipt?  A receipt in accounting is a formal financial record that proves […]

When it comes to bookkeeping, you used to have two choices: hire a local freelancer or use a traditional firm. But with modern technology, we now have online bookkeeping services as well! Are you wondering which of these options is best for you? In this article we will explore the advantages of online bookkeepers vs local bookkeepers, so you can make an informed […]

If you are considering outsourcing your bookkeeping but don’t know how, you’ve come to the right place.  In this guide, we will discuss why outsourced bookkeeping is great for many businesses, and how to outsource bookkeeping work to a reliable service provider. Why Should You Outsource Bookkeeping? You should consider outsourced bookkeeping because doing your own […]