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 […]
Tag Archives: COVID-19
30
Apr
Apr
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 […]
20
Apr
Apr
In 2020 and 2021, many small businesses took advantage of the Paycheck Protection Program (PPP) authorized by the CARES Act. Some of our clients received PPP funding. However, many businesses ran into problems with the application process. PPP loan funding has since closed. Many businesses are still in need of assistance. Perhaps you have asked: […]
14
Apr
Apr
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 […]
17
Mar
Mar
On your list of priorities in your business, I’m sure getting paid is high on the list. Keeping cash flowing in is the life blood of any business. Not getting paid is a huge problem, but so is having to wait and wait for customers to pay you. If you don’t know when you can […]
19
Nov
Nov
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 […]
17
Sep
Sep
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 […]
Bookkeeping, Cloud Accounting, General Business
What is the Difference Between Accrual and Cash Basis Reports?
03
Sep
Sep
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? What is Accrual Basis? Reports in accrual basis are pulling information from your accounting system based on when income or […]
28
Mar
Mar
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 […]
12
Mar
Mar
During tax time each year, you find that are usually stressed. You want to save for taxes, but you are struggling to do so. If this is your situation, you are far from alone. As a business owner myself, I used to dread this time of year because of taxes. Adopting one regular habit changed […]
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