I’m a huge fan of checklists and couldn’t live without them. They get me through my day and help me make sure I’m not forgetting something vital. It also saves me from a mountain of post-it notes and little “reminders” that get lost just when you need them. So, if you’re ready to get your bookkeeping organized and on schedule, here’s a list of bookkeeping tasks to help you get … [Read more...]
Wave Accounting … a Review
Recently, I've been speaking with some brand-new business owners who have been looking for a cheaper alternative to QuickBooks Online. In searching for a "real" accounting system that's (1) web-based, (2) secure and (3) cheap, I came across Wave Accounting. By far, the most intriguing aspect of Wave Accounting is the ability to tie together your personal bookkeeping with your business … [Read more...]
Five Tips to Speed Up Cash Collections
If your accounts receivable balances are edging up and getting older and older each month, then it might be a good time to bring out the aging reports. But what if we looked earlier in the cycle to see what we could do to collect the sales even sooner? Let’s take a look at five potential changes you can consider making that will speed up your cash flow, reduce aging receivables, and possibly … [Read more...]
Estimated Tax Payments Due September 15th
It's that time again ... time to send your estimated taxes in to Uncle Sam. So what are estimated taxes and why would you have to pay them? When you bring home a paycheck, your employer has withheld income taxes from your paycheck. But when you're self-employed, a landlord, or even an investor, you are earning income that has never had taxes withheld. Rather than settling up all at once on … [Read more...]
Weekly Accounting Checkup for Entrepreneurs
The economy is bouncing back … slowly. Sales are picking up … to some degree. So how is your business doing?? Not sure how to answer that question? Maybe you should give your business a weekly accounting checkup. Compare your own results, week to week, to look for signs of improvement or trouble areas that need your attention. What stats should you be checking? Every business is different, … [Read more...]