Blogs

Learn the bookkeeping mistakes that may be costing your business thousands in lost profit, tax problems, cash flow stress, inventory errors, and poor financial decisions.

Learn why business owners struggle to pay themselves, how money mindset affects profit, and how Profit First can help create consistent owner’s pay and healthier cash flow.

Learn how to plan seasonal inventory month by month so you can avoid overbuying, prevent stockouts, protect cash flow, and make smarter retail and eCommerce purchasing decisions.

Learn how to calculate your break-even point so you can understand your sales target, cover expenses, protect profit, and make better pricing and cash flow decisions.

Learn accounts receivable best practices that help business owners get paid faster, improve cash flow, reduce overdue invoices, and create a stronger payment process.

Discover the simple 10-minute daily financial habit that helps business owners improve cash flow, reduce surprises, protect profit, and make smarter money decisions.

Learn the difference between FIFO, LIFO, and weighted average inventory valuation methods and how each one can affect profit, taxes, cash flow, and inventory decisions.

Learn how quarterly profit distributions help business owners reward themselves, protect profit, build better cash habits, and make Profit First feel real.

Learn the bookkeeping mistakes that may be costing your business thousands in lost profit, tax problems, cash flow stress, inventory errors, and poor financial 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 […]

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 […]

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 […]

Learn how to calculate your break-even point so you can understand your sales target, cover expenses, protect profit, and make better pricing and cash flow decisions.

Learn accounts receivable best practices that help business owners get paid faster, improve cash flow, reduce overdue invoices, and create a stronger payment process.

Discover the simple 10-minute daily financial habit that helps business owners improve cash flow, reduce surprises, protect profit, and make smarter money decisions.

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 […]