Do you have a good bookkeeper? Here’s 3 Things to Check
Not ALL bookkeepers may be a GOOD bookkeeper for your retail business. Here is 3 quick ways that YOU can see if your bookkeeper knows what they’re doing.
How-Tos
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.
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.
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.
How to Record Inventory You Decide to Keep For Yourself
How to record inventory when you want to keep something for yourself.
What is a Bookkeeping Reconciliation?
A bookkeeping reconciliation, or reconciliation for short, simply means that you are comparing 2 sets of financial records to make sure that they match.
3 Reports In Shopify You Need For Your Bookkeeping & Taxes
Which reports in Shopify will show you bookkeeping records you actually need?
How to Have Excellent Cash Management in Retail Stores
Good old paper money still plays a big role in your business. Managing it properly is key to keeping your finances in check and your stress levels low. Let’s dive into why it’s important and how to master it.
Calculating Your Break-Even Point: A Guide for Retail Boutiques
As a retail boutique owner, understanding your break-even point is crucial to ensure having the sales to cover your expenses. The break-even point is where your total revenue equals your total costs, meaning you’ve neither made a profit nor incurred a loss.
How to Record Business Expenses Paid with Personal Funds
Have you ever used personal funds for business expenses? It’s common for small business owners. Maintaining accurate records, creating a reimbursement form, and tracking reimbursements is key. Good bookkeeping practices provide valuable insights into your business’s financial health. Learn how to handle personal expenses with ease.