In many businesses, there is the tendency to want to hang on to profits and simply reinvest them back into the business. While this is a valid approach to some extent, it often results in the owners seeing very little of their hard-earned profits. In fact, some businesses find themselves holding …
You and Your Business Should Not Have Joint Finances
In a certain sense, your business is a very personal thing. Especially if you’re a sole owner, your business is a manifestation of your vision, beliefs, values — not to mention hours upon hours of work. So it’s normal to see your business as an extension of yourself, or to feel like you are your …
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Are You Ready for the End of the Year?
Well, it’s December again — the time of last-minute shopping and otherwise preparing for the holidays. (Do you think I’ve done any shopping yet? I’ll leave that to your imagination.) But as the year winds down, there’s something else you should be thinking about as well: the end of the financial …
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The Details Matter
In finance like in almost no other area, details are vitally important. When keeping records for your business, it's so tempting to cut corners sometimes or to not pay attention to the details. It's funny because in so many other areas, I advise not to sweat the small details. I talk about …
How Soon Does a New Business Need a Bookkeeper?
So you've started a new business or will be in the near future. It seems like there are a million things to do: And depending on the industry, probably a dozen other things on top of that. It makes sense that in the midst of all this, hiring a bookkeeper is the last thing on your …
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