You look at your reports and see that the business made money. Sales are up. Work is getting done. But at the same time, the bank account feels lower than expected. Bills need to be paid. Payroll is around the corner. You start wondering how both things can be true at once. It usually comes […]
Author Archives: Cindy Hovig
10
Jun
Jun
A lot of business owners look at their financial reports and still think: “I’m not totally sure what I should be looking at.” They are being proactive about looking at the numbers, but still feel unsure. Having access to the numbers and understanding what they are actually saying are two different things. That’s where many […]
Goals, Help, Reporting, Uncategorised
You Don’t Need More Financial Reports -You Need to Understand Them
26
May
May
Most business owners don’t wake up thinking, “I really wish I had more reports.” They want to understand the reports they already have and use them to make better decisions about where the business is going. We worked with a client who brought us messy books. Once we cleaned everything up, they finally had accurate […]
21
May
May
Early on, I thought clean books were the goal. I remember the feeling I would get when everything was tied out: all accounts reconciled, all transactions categorized properly, everything clean. Like I had done the job right. And for a while, I believed that was the finish line. A lot of business owners still believe […]
17
Feb
Feb
If you have ever looked at your financial reports and thought, “I know these numbers matter, but I’m not sure what they’re telling me,” you are not alone. Understanding your numbers is crucial for making informed decisions. In What Your Numbers Are Trying to Tell You (But Often Don’t), we explored why business owners often […]
20
Jan
Jan
If you run a construction company, chances are “accounting” feels like one big bucket. Bills get paid. Payroll runs. Jobs get invoiced. Reports show up. So everything must be fine, right? For many growing construction businesses, that is where things quietly start to go sideways. As revenue grows and more jobs are running at the […]
16
Dec
Dec
When you’re running a service-based business, such as a construction company, understanding your numbers isn’t just about paying taxes; it’s also about managing your finances effectively. It’s about unlocking clarity, making better decisions, and building a business that’s as strong behind the scenes as it is in front of customers. One of the most important […]
11
Nov
Nov
Business debt can feel overwhelming. Even if your business income is higher than ever, the thought of looming payments, high interest rates, and upcoming due dates can keep you up at night. Many business owners worry that no matter how hard they work, debt will always be there in the background. The good news is […]
14
Oct
Oct
Recently, I had the joy of celebrating a big milestone with one of our long-time clients. It was their 10-year business anniversary. We have been working together for nine of those years, so joining in their celebration felt extra special. Walking into the party, I wasn’t sure if I would recognize them right away. After […]
16
Sep
Sep
Bookkeeping is more than it used to be. Recording transactions and reconciling accounts are important, but is simply looking backward enough to help your business grow? More than 15 years ago, I selected Beyond Balanced Books as our business name. I was ready to take a leap into uncharted territory, to go beyond traditional bookkeeping […]