One of the most important strategies a retailer needs to develop is how they are going to price their products. In order to make sure you’re accurately marking up your products, it’s important for you to know what your inventory costs include.
One of the best ways to protect yourself in the event of an audit is to save receipts & bills that show proof of what you’re spending money on.
A bookkeeping reconciliation, or reconciliation for short, simply means that you are comparing 2 sets of financial records to make sure that they match.
Which reports in Shopify will show you bookkeeping records you actually need?
Bookkeeper vs Tax Preparer (And Why You Need Both of Them) Running a boutique can be super fun, but managing the finances? Not so much. But it’s still something that’s super important to stay on top of! Often times I’ve found that business owners are kind of confused on what the roles are of a …
Bookkeeper vs Tax Preparer (And Why You Need Both of Them) Read More »
3 Types of Expenses in a Budget: Fixed, Variable and Related In order to feel REALLY in control of your money each month, you need to have a PLAN for that money. That’s where the budget comes in! This post is going to detail out the 3 types of expenses in a budget, and how …
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7 Types of Spending Activities in Your Retail Store (and how each should be tracked for tax purposes) Keeping track of all your spending activities in your retail shop is one of the key components of bookkeeping. In order to do so correctly, it’s important that you understanding that there are different types of spending …
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Whether you’re just starting out or looking to gain a better understanding of your boutique finances, this blog post is your ultimate guide to mastering the art of bookkeeping for your boutique business.
