Corporations already know they need to prepare meeting minutes and have them available to auditors, but did you know limited liability companies (LLCs) should also have meeting minutes? What exactly are meeting minutes; what are they comprised of and when should they be taken? And who should be at the meeting and what if you […]
Carefree Bookkeeping
Carefree Bookkeeping Recommends You Eat That Frog
What is your dream? Stop procrastinating! Let’s make your dream into a goal and make that goal into reality. If you want to get organized, if you want to simplify your life, then answer is to read Eat That Frog! There’s an old saying that says, “If the first thing you do when you wake up […]
It’s a “Design Your Business To Run Itself” Post & WIN
Like most of the small business owners we work with, I’m guessing you got into business for yourself because you wanted the flexibility to set your own hours and you didn’t want to have to answer to anyone else; set your own rules and expectations. But, once the dust settled and the excitement of the […]
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: Cost of Goods or COGS
Ever find yourself trying to quantify your goods and services? What does it take to put together that finished product? If you can’t break down the journey, you’ll have a hard time justifying the means. Enter… COGS or Cost of Goods. So! What exactly does the term Cost of Goods (COGS) and Gross Profit mean? […]
