How can you avoid small business failure? Often, the reason new businesses fail has more to do with a lack of understanding than a lack of resources. When I coach new business owners, I always share with them one piece of advice: often, it’s more important to...
Unfortunately, there is a lot of confusion around exactly how to manage small business finances. It’s a topic that exhausts business owners everywhere – What should I do first? How do I set my business up for success? What can I do on a regular basis to improve my...
People underestimate the power of long-term relationships with your financial team. The truth is these relationships greatly benefit your business over time. This is precisely why finding a great bookkeeper is essential for the overall health of your small business....
There are a lot of benefits to trusting a professional bookkeeper to set up QuickBooks Online for your business instead of attempting it yourself. I’ll be the first to admit that, even though I LOVE QuickBooks Online, it’s not always the easiest product to figure out...
You may be a freelancer or a solopreneur, but you should still have a separate business bank account. A lot of my clients who are freelancers or entrepreneurs ask me if and when they should set up bank accounts and credit cards for their solopreneur business. My...
Watch the IGTV on Instagram: @goodcentsbookkeeping Your accounting system should be as simple as possible. In other words, it should NOT stress you out! That said, it’s important to understand exactly why your bookkeeping system should be simple, what that means, and...