My Top 3 Year-End Tax Savings Tips to Help You Save Money
This time of year businesses start thinking about getting ready for taxes. I want to share my top 3 tax saving tips to help your business AND your bank account.
bookkeeping tips
The Importance of Completing a Physical Year End Inventory
It’s time to start thinking about year end tasks. One task that can often be overlooked is completing a PHYSICAL year end inventory. What does that mean?
How to Do Your Own Bookkeeping for Your Shopify Boutique
Bookkeeping is an essential part of owning & running your own business, but unfortunately, knowing how to do your own bookkeeping isn’t a skill that comes naturally the moment you decide to open for business.
So often, bookkeeping is a task that is ignored, until you can’t ignore it anymore (i.e. it’s time to file your taxes). But, by staying on top of your bookkeeping year-round, you can use the numbers to see where your money is disappearing to each and every month.
So, here’s a little guidance to help make your bookkeeping as simple as possible, so it can become a task that you dread a little less.
3 Bookkeeping Organization Tips to Feel Ready for Tax Season
Imagine sitting down to tackle your taxes, and you feel READY. Here are a few of my bookkeeping organization tips to help you feel READY instead of stressed!
3 Quick Financial Tips to Analyze Your Profitability
I know many business owners get overwhelmed when they look at their financial statements. What do the numbers really mean? What SPECIFICALLY should you be looking at? Today’s post is going to cover a couple quick financial tips on exactly WHAT you should be looking at on your Income Statement each month to help review if you’re as profitable as you could be in your boutique business.
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.
A Statement of Cash Flows Answers “Where Did My Money Go?”
Have you ever gotten to the end of a successful business month and wondered, “Where did all that money go?!” A statement of cash flows (SOCF) can help you answer that question!
Most of the business owners I work with are familiar with the Profit & Loss statement (if you’re not, no shame! You can check out this post to get a little more familiar with it, so maybe you can see that your bottom line was KILLER last month, but your bank account simply doesn’t reflect it.
The best way to see where your money actually goes each month is to look at the Statement of Cash Flows (SOCF). Unfortunately, this is a report that many business owners are unfamiliar with, but any good bookkeeping software (like Quickbooks Online) will have this report readily available for you! So, let’s cover the highlights…
2 Money Mindset Shifts I Embraced to Grow My Business
Let me just start off by saying that I’m not all into the “woo-woo” mindset stuff out in the world today. However, earlier this year, I did spend some time REALLY focusing on the future of my business and what I wanted it to look like. Through this process, I discovered 2 different lessons, or money mindset shifts, that I truly believe have helped me take my business to the next level.
These can be applied to any industry, so I wanted to share my discoveries with you all today in case you find yourself in a similar place in your own businesses.
My Top 5 Bookkeeping Resources for Retail Boutique Owners
This week, I’m doing something a little different. Instead of going more in depth on a specific topic, I’m going to highlight a couple of my most popular bookkeeping resources that have helped boutique owners just like YOU feel more confident in managing their own bookkeeping.
What are Quarterly Estimated Tax Payments: A Retailers Guide
If you’ve been in business for any length of time, you may have heard about quarterly estimated tax payments, and maybe even thought to yourself, “What are quarterly estimated tax payments? And do I need to pay them?”