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.
I’m here to tell you how the Profit First system works, and how you can use it to help manage the cash in your retail business.
Are you struggling to make sense of the finances in your product-based business? Does the concept of inventory vs cost of goods sold leave you feeling like your head is spinning in circles? Then, I’m glad you’re here!
My #1 bookkeeping tip is NOT mixing business & personal funds in the same bank & credit card accounts is a recipe for disaster.
Deposits from Shopify or any other payment processor are not just your “sales”. They can represent up to 6 separate bookkeeping items.
Alright, you’ve got your business off the ground and all the operations seem to be running smoothly You’re getting a steady stream of customers and sales, however, you are ALWAYS seemingly short on cash. Where is it all going??
Unlike a regular employee, being a business owner doesn’t always come with a regular paycheck. But what does it look like to pay yourself? Learn more here!
So many business owners get hung up on categorizing expenses the “right” way. Today, I’m here to tell you that it doesn’t really matter what you call them!
If you’ve recently shrugged your shoulders and said your bookkeeping is “good enough” – then you need better bookkeeping.
Keep reading to learn EXACTLY what (and when) you should be doing certain bookkeeping tasks to stay on top of it all!
