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!
Bookkeeping Basics
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…
My Top 5 Bookkeeping Resources for Retail Boutique Owners
This week, I’m doing something a little different. Instead of going more in depth on a specific topic, I’m going to highlight a couple of my most popular bookkeeping resources that have helped boutique owners just like YOU feel more confident in managing their own bookkeeping.
The Pros and Cons of DIY Bookkeeping: What’s Best for You?
As a retail boutique owner, you’re juggling a lot—inventory, customer service, marketing, and the daily hustle of running your shop. One big decision you’ll face is whether to handle your own bookkeeping or hire a professional. Let’s break down the pros and cons of DIY bookkeeping to help you make the best choice for your business.
How to Record Inventory You Decide to Keep For Yourself
How to record inventory when you want to keep something for yourself.