What Value Does a Bookkeeper Bring to the Table?
The value of a bookkeeper is not always clear. Business owners hire bookkeepers for different reasons and at different stages in their business. It all comes down to what is causing your pain or what you find the most difficult. You may also just want to stay in compliance with the IRS to protect your business. Here […]
Want to Hire? This Should Be Your First Step
When you’re growing a business it’s always hard to know when is the next step to take. Things like when to hire, when to open up a new office are hard to figure out. With hiring there are certain steps you want to take before you get to the point of finding the right person. […]
What You Need to Figure Out Your Profit Margin
When scaling your business, the number one thing you want to keep in mind is your profit margin. Profit margins are how much you are making with each project minus any overhead costs. Percentages do vary with 4 to 6% for commercial contractors. It can also get up to 23% for residential contractors like remodelers. […]
How Much Time are You Spending on Bookkeeping?
s business owners we are super busy and don’t have much time for things that don’t make us money. Bookkeeping, while necessary, is one of those activities. So how many hours should you be spending doing something that doesn’t make you money? Little to none of your time should be taken doing your bookkeeping. What […]
Here’s How to Stop Getting Burned from Underestimating Jobs
Do you find you underestimating your jobs all the time? You might need to start getting help from your bookkeeper or figure out how to track your expenses. This is one way you can start getting a better understanding of what projects cost. You will then be able to better estimate your jobs. Let’s start […]
Good Workflows to Have in Your Bookkeeping
It’s important to have the right workflows in your bookkeeping process. The reason for this is to avoid mistakes in your Quickbooks Online. This includes when you send out invoices. Or when you track your expenses. This even applies when you’re working in your bank feed. Let’s go through a few common times of what’s […]
Interesting Facts You Might Not Know About Bookkeeping
Even bookkeepers and accountants can get bored of writing only about accounting. So in this blog, we’re going to have a little fun and do something different. Let’s explore some weird or interesting facts about accounting and bookkeeping. Fun fact #1: Accounting is old That’s right, accounting is a super ancient business. There are records […]
How to Build a Cash Reserve in Your Business
You know you should be saving money in your personal life. But dis you know that you should also be setting aside some money in your business? You can then use this as a cushion and to protect yourself from unexpected expenses. This can also make sure you don’t have to get a loan. Getting […]
How to Find Good Help so You’re No Longer Overworked
t’s the number one problem I hear from my clients: they need to hire help, but have a hard time finding good people. It’s a common problem across all industries. A lot of it matters on how good a boss you are and what you’re offering. Here are some tips on how to find good […]
Three Invoicing Mistakes: How to Avoid Them
Not enough cash is the number one killer of small businesses, no matter what the industry. You can’t grow if you don’t have enough money to pay for supplies, marketing, and payroll. It’s worse with the trades industry. A lot of times clients are slow to pay or aren’t charged until the end of a project. […]