What Successful Contracting and Trades Businesses have in Common

Since I specialize in contractors and tradesmen, I’ve seen a lot of similarities in my client’s successes. A lot of these things may seem obvious but some aren’t. I’ll go into more detail about what puts these businesses above the average. These are the five tips that I have noticed are the most common between […]

The Most Important Difference between Bookkeepers and Accountants

Have you ever wondered what the difference is between an accountant and a bookkeeper? While they have a lot of overlap, most of them specialize in one type of service. For the most part, accountants have a Bachelor’s degree in accounting. Bookkeepers may or may not have an accounting degree. Let’s get into more detail […]

How to stay on top of bookkeeping during the holidays

The holidays are here and it’s harder than ever to focus on work. Lot’s of normal tasks are pushed aside as you rush to get ready. Unfortunately one of the first things to go is bookkeeping for your business. Compounding transactions from Oct-Dec can be a tough surprise come the new year. What are things […]

How to Keep Your Business Budget With Black Friday

Ah Black Friday! Basically the free ticket to spend, spend, spend. It’s hard enough sticking to a budget throughout  the year but the holiday season with all the sales makes it even harder. What can you do to stick to a budget? Obviously, there will be purchases that you want to get. So make a […]

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 […]

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 […]