Whether you are tracking your small business mileage for tax purposes or tracking mileage to bill clients, it is important to keep good records. It's really frustrating and stressful at the end of the year, you are missing information because you didn't track it properly or consistently. Then, you have to run around tracking down all the information that should have been tracked all along. I know we have all been there. But, this year, let's vow to keep our mileage tracking more accurate by … [Read more...]
Small Business Bookkeeping Tips Archive Page
Welcome to our Small Business Bookkeeping Tips archive page to help you and your business streamline processes. Read the archive posts for bookkeeping tips to use in your business.
9 Ways To Market Your Business On a Budget
These days, a small business needs to be in front of people more frequently than ever before. There are so many distractions that may take the potential customer away from you. Though, as small business owners, we need to have strategies in place to be able to consistently market our small businesses on a regular basis with little money when necessary. Here are nine(9) tips to stay on budget while doing small business marketing. Write regular blog posts on your websites. Research other … [Read more...]
A Complete Guide to Home Office and Business Deductions
As a small business owner, you probably have lots of deductions for your business. But are you taking all the deductions? There are probably deductions you don't want to make because 1. you don't have the paperwork to support it or 2. You have paperwork, but it's so disorganized that you just don't have the time to sort them. To make your life a little easier this time of year, I created this post with business deductions tips to make this process simpler to manage. First, use a software like … [Read more...]
Easy Tips For Small Business Owners Retirement Plans
If you think you can't save for retirement because you are self-employed think again. Recently, there was a BMO Wealth Management study that surveyed 400 small business owners, and the results were eye-opening. When asked how much they have saved for retirement, 75% of them said less than $100,000. But, this doesn't have to be this way. My goal here is to introduce you to the type of accounts and what is available so you can be more informed and be able to ask questions and truly understand … [Read more...]
Tips On How Long I Should Keep Business Records
How long do you keep your business files? Do you keep them forever or do you get rid of them after a certain length of time? Keeping files for a business is different from keeping your personal files. There are many different types of files that need to be kept at different lengths of time. Over the years small business owners have asked me these questions. To be honest, the IRS doesn't have a clear, across the board answer to this question so here is what I suggest. If you wish to visit the … [Read more...]
Accounts Payable Tips Every Owner Needs to Know
Have you ever lost or forgotten to pay a bill? When it happened, how did you feel going on a frantic search for the bill/e-bill wasting time and energy finally realizing you must have deleted it? Anxious? Then giving up and contacting the payee and requesting another bill feeling ashamed that you lost it in the first place. You are not alone. We all have that stressed anxiety when forgetting a task that needs to be done. Here are accounts payable tips that will help reduce stress while doing … [Read more...]
9 Things Every Owner Needs To Know About Accounts Receivable
Everyone wants to be paid for their service, right? We don't want to have to call and remind the client to send the check day in and day out. We want our clients to be trustworthy and pay when the bill is due. At one time or another, we all have dealt with someone paying late. It makes us feel unappreciated. Doesn't it? I know it does for me. To help you minimize your accounts receivable issues, I am sharing these 9 things every owner needs to know about accounts receivable. Accounts … [Read more...]
Make Bookkeeping A Priority
I work with plenty of small business owners that feel bookkeeping frustrates them. They don't want to do it. They don't even understand the importance of it. I'm here to tell you that it is important and it most is done properly to be effective. Make Bookkeeping A Priority First, you will need to understand the benefits of having an efficient bookkeeping system: Making sure your cash flow has a system. By using a budget and tracking specific transactions over time will get you see areas … [Read more...]
New Year Goals
Welcome to the new year! Can't believe the holidays are over and we are starting back to work to focus on this year's goals. This year, I have decided to rotate through several topics. Here is a list of topics (New Year Goals) I plan on visiting throughout the year. Bookkeeping/Money Management - these posts will involve tips about QuickBooks or Quicken and other ways to save money in your small business. Office desk organizing - These posts will be about ways to declutter and determine … [Read more...]
