When hiring an outsource service please know and understand what they are doing “on your behalf” and the rules and laws of what should be done for YOUR business. I’m getting on my soapbox for a little bit, but I think it’s important to share! I don’t usually like to point fingers or say not […]
#Bookkeeping
Exploring the Technical Terms of Accounting – Accounts Payable
Last month we explored Accounts Receivables and highlighting incoming billable funds from clients. This month we’re looking at Accounts Payable. SO! What does Accounts Payable Mean and How Does it Help Me? In short, accounts payable is the account that tells you who and how much YOU owe to your vendors. In a service-based business, […]
The Technical Terms of Accounting – Sales & Invoicing
What does Sales & Invoicing Mean and How Does it Help Me? You’re not a business unless you have sales income. Generating sales and an income is one of the primary reasons WHY you’re in business. Sales & Invoicing is my favorite account on any profit & loss reporting. This line of your report is […]
Starting Your Business Off Right
Starting a new business is exciting, but it also be daunting to most of us. What do you need to know to ensure you’re starting your business off right? If you are thinking about starting a business or have one up and going here are a couple of things to do to make sure you’re […]
Why should you balance your checkbook on a regular basis?
I met Abby at a networking event. She told me she doesn’t need to balance her checkbook. I asked her why does she think that? Abby said she looks at her bank balance online everyday so she knows how much money is in the account. So I challenged Abby to write out a list of […]
