How to Keep Good Bookkeeping Records for your Shopify Store
As a boutique owner, bookkeeping can be hard. But staying on top of your bookkeeping records throughout the year, will help you have a stress free tax season.
How-Tos
How to Record Inventory You Decide to Keep For Yourself
How to record inventory when you want to keep something for yourself.
What is a Bookkeeping Reconciliation?
A bookkeeping reconciliation, or reconciliation for short, simply means that you are comparing 2 sets of financial records to make sure that they match.
3 Reports In Shopify You Need For Your Bookkeeping & Taxes
Which reports in Shopify will show you bookkeeping records you actually need?
How to Have Excellent Cash Management in Retail Stores
Good old paper money still plays a big role in your business. Managing it properly is key to keeping your finances in check and your stress levels low. Let’s dive into why it’s important and how to master it.
Calculating Your Break-Even Point: A Guide for Retail Boutiques
As a retail boutique owner, understanding your break-even point is crucial to ensure having the sales to cover your expenses. The break-even point is where your total revenue equals your total costs, meaning you’ve neither made a profit nor incurred a loss.
How to Record Business Expenses Paid with Personal Funds
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.
Understanding the Profit First System for Retail Businesses
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.
How to Record Your Shopify Payouts (No, It’s not all Sales)
Deposits from Shopify or any other payment processor are not just your “sales”. They can represent up to 6 separate bookkeeping items.
3 Ways to Improve Profitability In Your Retail Boutique
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??