GOOD CENTS BLOG
How to Improve Your Relationship with Money
How can you improve your relationship with money? The truth is, your relationship with money is one of the...
4 Steps to Catch Up on Your Bookkeeping
Every year, business owners stress in secret as tax season looms nearer. Bookkeeping isn’t always first on...
3 Tips for Creating a Small Business Bookkeeping System
Your small business bookkeeping system is more than just debits and credits; it has multiple parts, and...
What is a virtual bookkeeper?
Is a virtual bookkeeper different than a “regular” bookkeeper? Why should you choose a virtual bookkeeper over someone who might come to your office?
Financial Professional Red Flags
When outsourcing your business’ accounting and bookkeeping, it’s imperative to be aware of any financial professional red flags that may indicate members of your financial team are either not a good fit for you and your business, or they’re not producing quality work.
How to Shorten Your Cash Flow Cycle
One of our goals as business owners should be to shorten our cash flow cycle so it’s as small and efficient as possible (remember you want your money to work for YOU; the quicker it’s in your bank account, the quicker you can put.it.to.work. ).
What is a Profit and Loss Statement? (And why is it important?)
The Profit and Loss Statement (aka the P&L) is one of the most important financial reports you’ll need to generate for your business. The purpose of the Profit and Loss Statement is used to summarize the expenses, revenue, and overall profit for a business during a fixed period of time (such as a month, quarter or year). An accurate P&L will tell if you made a PROFIT or had a LOSS.
The Difference Between an Accountant and a Bookkeeper
Many people use “accountant” and “bookkeeper” interchangeably, even though they actually have separate functions…
The PPP and Taxes
On Thursday of last week, the IRS issued Notice 2020-32, which presents new challenges for business owners as they move forward with their PPP funds. Here’s what it means for you and your business:
Why You Need a Separate Bank Account for Your PPP Funds
Review, Reexamine, Reconsider Deciding whether or not to open a separate bank account for your PPP funds is...
READY TO TAKE THE NEXT STEP IN YOUR BUSINESS?
Download our free Profit + Loss Guide and Template to understand your numbers & dedicate yourself to ongoing financial success.