Bookkeepers work hand-in-hand with Certified Public Accountants (CPAs). But they fill different roles, so we thought we’d break it down for y’all here! What’s In a Name? A CPA and a bookkeeper are both accounting professionals. A CPA is certified (it’s right there in the name!) and has to complete continuing education and keep up […]

We feel like a broken record telling everyone and their sister to use Quickbooks, but it is truly the only way you will be able to have a FULL picture of your finances. (Yes, there are other kinds of accounting software, but Quickbooks Online beats them all!) Also, CPAs prefer Quickbooks to other software.  OHHH […]

 LET’S TALK ABOUT WRITE-OFFS.  WHAT THEY ARE AND HOW CAN WE GET MORE OF THEM. (also, remember you pay for it) The Basics  tax deduction / taks dih-duhk-shuhn / noun : Buying something “ordinary and necessary” for your business and then using that amount to lower the income you have made. Click here to see what the IRS […]

P&L shows your income and expenses. What it doesn’t show are things like – how much money is in your bank account or how much money you owe. Now, we’ll introduce you to her BFF, the Balance Sheet! She’s a little less well known, but just as important.  STEP 1: GET YOUR BOOKS IN SHAPE […]

Let’s keep this short and sweet, since your Profit & Loss (or P&L) is basically the lifeblood of your business you HAVE to be able to read it correctly.