Adding Personal Accounts to QBO: Why it’s Best to Avoid
As a small business owner, you might start off using your personal accounts in your business. Naturally, you add these to your Quickbooks Online. However, this can lead to a number of problems down the road. In this blog post, we’ll take a look at why it’s a bad idea to add personal bank and credit […]
The Amazing Benefits of Having a Bookkeeper
As a business owner, you have a lot on your plate. You’re managing employees, overseeing operations, and making critical decisions that impact the success of your business. However, one area that’s often overlooked is bookkeeping. Having a bookkeeper can make a significant difference in the success of your business, and here are some key differences between […]
Quickbooks Desktop or Online: Which is Better?
Your business has reached the point that you need to move off of Excel spreadsheet tracking. Quickbooks is the most popular choice, but which do you choose: Desktop or Online? What are the differences between the two? Does it matter which one you pick? Let’s take a look at some things that might help you […]
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 […]
Which Accounting Software is Best?
Quickbooks Online is the most common accounting software in the US. But did you know there are other accounting softwares? They range from subpar to somewhat comparable to QBO. All work for the same purpose though: keeping track of your income and expenses. What makes each one different? Let’s take a look! Quickbooks Online is popular […]
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. […]
When is the Most Effective Time to Hire a Bookkeeper?
You might be asking yourself, when should I hire a bookkeeper? That’s a great question! The best answer is when you feel ready. But here are some other instances that might force you to hire a professional: These are all good ideas of when it’s best to hire someone to do your bookkeeping, such as […]
How To Pay Yourself as a New Business Owner?
When you started your business, you knew the first few months would be hard. You might even have planned to end your first year with a loss (hopefully not!). But when your business starts to grow and the money stays in the bank, it might be time to start paying yourself. Wohoo! But how is […]
Not sure how to file a 1099? Use this checklist to speed up the process
Contractors are very common in construction and trades businesses. This means it’s important to file 1099-NEC forms for any work you paid for over $600 with check, cash, or ACH. This is not hard to do if you have a Quickbooks Online account. Remember the deadline to file them is January 31st. Let’s go through […]