My Top 3 Year-End Tax Savings Tips to Help You Save Money
This time of year businesses start thinking about getting ready for taxes. I want to share my top 3 tax saving tips to help your business AND your bank account.
The Importance of Completing a Physical Year End Inventory
It’s time to start thinking about year end tasks. One task that can often be overlooked is completing a PHYSICAL year end inventory. What does that mean?
How to Do Your Own Bookkeeping for Your Shopify Boutique
Bookkeeping is an essential part of owning & running your own business, but unfortunately, knowing how to do your own bookkeeping isn’t a skill that comes naturally the moment you decide to open for business.
So often, bookkeeping is a task that is ignored, until you can’t ignore it anymore (i.e. it’s time to file your taxes). But, by staying on top of your bookkeeping year-round, you can use the numbers to see where your money is disappearing to each and every month.
So, here’s a little guidance to help make your bookkeeping as simple as possible, so it can become a task that you dread a little less.
3 Bookkeeping Organization Tips to Feel Ready for Tax Season
Imagine sitting down to tackle your taxes, and you feel READY. Here are a few of my bookkeeping organization tips to help you feel READY instead of stressed!
3 Quick Financial Tips to Analyze Your Profitability
I know many business owners get overwhelmed when they look at their financial statements. What do the numbers really mean? What SPECIFICALLY should you be looking at? Today’s post is going to cover a couple quick financial tips on exactly WHAT you should be looking at on your Income Statement each month to help review if you’re as profitable as you could be in your boutique business.
How to Record Your Shopify Deposits in Quickbooks Online
One of the biggest, and most common, mistakes I see retailers making when doing their own bookkeeping, is marking all of their Shopify deposits as “Sales/Revenue” in their bookkeeping software or spreadsheets. Today’s post is going to take a deeper dive to help you understand how you SHOULD be recording those Shopify deposits in your bookkeeping.
Balance Sheet 101: What It Is and Why You Can’t Ignore It
Bookkeeping 101, the Balance Sheet is one of the primary financial statements for a business but, what’s the purpose, and why does it matter? Let’s dive in and take a look!
How to Keep Good Bookkeeping Records for your Shopify Store
As a boutique owner, bookkeeping can be hard. But staying on top of your bookkeeping records throughout the year, will help you have a stress free tax season.
What is a Bookkeeping Coach for Retail Boutique Owners?
If you are currently managing your own retail bookkeeping, but have NO idea if you’re really doing it right. You may just need a bookkeeping coach.
A Statement of Cash Flows Answers “Where Did My Money Go?”
Have you ever gotten to the end of a successful business month and wondered, “Where did all that money go?!” A statement of cash flows (SOCF) can help you answer that question!
Most of the business owners I work with are familiar with the Profit & Loss statement (if you’re not, no shame! You can check out this post to get a little more familiar with it, so maybe you can see that your bottom line was KILLER last month, but your bank account simply doesn’t reflect it.
The best way to see where your money actually goes each month is to look at the Statement of Cash Flows (SOCF). Unfortunately, this is a report that many business owners are unfamiliar with, but any good bookkeeping software (like Quickbooks Online) will have this report readily available for you! So, let’s cover the highlights…