Always Losing Your Tools? Check Out These Bookkeeping Tips!

Are you always losing your tools, especially if you have several jobs going at once? It’s a costly problem that could be solved with a simple tool tracker. Here’s some tips on how to get started, with a great freebie attached! To get started, make a list of all the tools that you own, even […]

Hobby vs Business: What You Need to Know

You wouldn’t call your business a hobby, right? The IRS has specific parameters for whether an operation is considered a business or a hobby. This is especially if your industry is mainly a hobby, such as equestrianism. What helps you to distinguish yourself as a business? For starters, you have to treat your operation like […]

A Succinct List of the Most Common Business Taxes

Taxes…they’re basically a guaranteed part of life, whether you like it or not. But taxes as a business owner is something else. You have your sales tax, both retail and wholesale, your wage withholding, oh and don’t forget your quarterly! What do all of these mean and how do you calculate them? [Just a disclaimer: […]

The Maddeningly Easy Way to Create a Business Budget

You know the importance of keeping a personal budget to keep your spending in check, but have you ever thought about your business? Business spending, especially if you are in the type of business that needs a lot of job supplies such as a contractor or tradesman, can run a business to the ground, and […]

Why Saving Receipts is So Important for Your Business

You’ve heard it over and over again from your bookkeeper or accountant: keep your receipts, take pictures of your receipts, save your receipts. But have you ever wondered why they emphasize this so much? What is so important about receipts as a business owner? Record keeping is the heart of bookkeeping and a big part […]

Forecasting the Future: What You Need to Know

You step into the bookkeeper’s dark office, closing the door behind you. She sits in front of you, several monitors behind her all showing the same thing: QuickBooks Online’s logo as a screensaver, dancing around like a rubber ball in a bouncing castle.  “Please take a seat,” she points at the chair in front of […]

How to Maintain Cash Flow and Protect Your Business from Failure

One of the biggest killers of businesses is cash flow, specifically when there isn’t enough to keep the business going. Cash is king, as they say but this is especially true when you are trying to keep a business alive. A lot of this comes down to paying attention to what expenses you have currently […]

How You Can Use Job-Costing for Successful Trades Business Growth

If your business is project-based, it can be hard to know exactly how much profit vs. expenses you make with each job. There may be times when expenses are purchased for several jobs at once or used over several projects. Clients have multiple invoices with incomplete payments, but you have a hard time keeping track […]

Six Good Reasons You Need a Bookkeeper as a Tradesman

A lot of you may be wondering, “If I already have a CPA or accountant, why would I need a bookkeeper?” While accountants are very talented at what they do, most don’t have the time to focus on the details that is bookkeeping and instead prefer to refer their clients to a bookkeeper. Bookkeepers are […]

How to Find a Rockstar Bookkeeper, Locally or Virtually

When it comes to finding a bookkeeper, there are some things to keep in mind. Do you feel comfortable with this person? Remember they are going to be dealing with your finances on a daily basis so this should be someone you trust. Does this person have a good reputation? Check out their reviews online. […]