Have you have ever looked at your bank balance or credit card statement and wondered “where on earth does all the money go”? Your money will go anywhere and everywhere if it’s not TOLD where to go….but this isn’t about budgets, that’s a topic for a later date. Today, we’re talking about ... VIEW POST
How Cash Flow Management Gets You More Time and Money
This topic is near and dear to my heart today as the news comes out that Texas (where I am) is ending the distribution of federal unemployment assistance early. Regardless of political opinion, the fact is, there are self-employed individuals counting on these benefits in some way, shape, or form. I ... VIEW POST
How Bank Reconciliations Get You More Time and Money
As promised, this week I am talking about account reconciliations. Yes I know, you’re thinking this is one more step that sounds like it takes time or money rather than helping you save time and money. Just let me explain. In an ideal world, account reconciliations should be performed on every ... VIEW POST
How Your Monthly Accounting Process Gets You More Time and Money
Here we go…part 2! We’ve talked about why accounting method matters and why I recommend accrual basis for my clients. Now I want to talk about actually DOING the accounting. Journal entries are the nuts and bolts of your financial data. Knowing they’re important doesn’t make them any less tedious. I ... VIEW POST
How the Right Accounting Method Gets You More Time and Money
As I was writing the blog (and related cheat sheet) last week, I realized… knowing what a bunch of accounting terms means is great but it doesn’t help you, as business owners, understand why on earth you should care about ANY of them. So I’m going to write a series of blogs over the next month to ... VIEW POST
Translating Accounting Terms into Plain English
In order to know your business numbers, you have to understand what your accountant (or virtual CFO – yep I gave myself a shameless plug haha) is saying! I know what it feels like to sit in a room full of professionals using words and acronyms you’ve never heard before. It’s like they’re speaking a ... VIEW POST
