Tag Archives: COVID-19

Creating a Budget During A Crisis

During these challenging times, why even try to tackle a budget? It may sound strange but having a budget contributes to your peace of mind. With so many unknowns, creating a budget can help you feel more grounded and aware of what your financial situation actually is. Essentially when you create a budget you are […]

Success with PPP: Setting up your PPP Loan

darts Setting up your PPP loan

Congratulations, you got a Paycheck Protection Program (PPP) loan!  As you have probably heard, not all small businesses have had success applying for or getting approval for this type of economic relief.  So take a moment to enjoy the fact that you did receive funding. Now that you have received your funding, what is the […]

What can I do if I have not received PPP funding?

Question Mark What can I do if I have not received PPP funding

We have been talking with many of our clients regarding the Paycheck Protection Program (PPP) authorized by the CARES Act these past couple of weeks.  Some of our clients applied for a PPP loan and have already received funding. However, many ran into problems with the application process.  Perhaps you have asked: “What can I […]

Saving Cash During a Crisis

Cash is tight for many small businesses right now as non-essential activities are being restricted. Of course, health and safety are paramount during these difficult times. But, no doubt, the health of your business is also on your mind. Finding ways to save cash can help you to weather this storm. But what are some […]

Tools of the Trade

Most professions have “tools of the trade” that they use, and bookkeeping is no exception.  I was recently reminded of how I love talking about and using such tools while attending the QuickBooks Connect accounting technology conference in San Jose in November.   One of my favorite things to do at such conferences is to find […]

Which Reports Should I Look at?

Reviewing four reports on a regular basis

Without a doubt, knowing what is going on in your business is of utmost importance to you. Which reports should you look at to find this information? To get a comprehensive idea of how your business is performing, we recommend reviewing four reports on a regular basis – the Balance Sheet, the Income Statement, the […]

What is the Difference Between Accrual and Cash Basis Reports?

When you receive reports from your bookkeeper, you may have noticed that they usually include the words “Accrual Basis” or “Cash Basis” somewhere below the title of the report. What do these mysterious words mean?  Accrual Basis  Reports in an accrual basis are pulling information from your accounting system based on when income or expenses […]

Challenge Accepted: Setting Priorities to Focus On [Part Four]

Beyond Balanced Books

This is the fourth part of our Challenge Accepted series (be sure to read the earlier blogs of the series Bring Order to My Messy Books,  How to Set Up Your Business Properly, and Compliance Issues – What Are They and How Can I Avoid Them). Successful business owners need to be good at setting priorities.   According to […]