The Balancing (Books) Act
THE BLOG
Cutting Through the BS: How to Spot Bad Financial Advice Online as a Small Business Owner
You may turn to the internet for advice on managing your finances, but not all advice is created equal…in fact, there is a lot of bad financial advice online that can do more harm than good. So where does that leave you?
Shit to Let Go of That Will Actually Make a Difference in Your Business
As a small business owner, you know by now that starting, owning, and running the daily operations of your business comes with its challenges. Sometimes, your own mindset can create some of your difficulties! We’re only human, after all, and we can’t always see how we’re stifling our own growth until we’re neck deep in the quicksand. But fear not, hard-headed friends!
What Reinvesting in Your Business Means
As a small business owner, I’m sure you’ve heard all the cool kids talking about reinvesting in their business, but what does that really mean? And why is reinvesting so important in achieving growth for your business?
What a Tax Write Off is - and Isn’t
As a small business owner or independent contractor, you’ve got this tax thing down. You obviously know exactly what a tax write off is – and isn’t… right? You’ve done your research and you’ve perused tax blog after tax blog. You’ve even tried deciphering the IRS website!
5 Ways to Drive Growth for Your Small Business This Year
Congratulations, small business owner! You’ve made it through another year with your small business nearly unscathed, and what better way to celebrate than learning about these 5 ways to drive growth for your small business this year?
Figuring Out How to Pay Yourself as a Business Owner
That first check you get when you start a brand new business is so exciting. You put your blood, sweat, and tears into a dream and made it come true. I’ve been there and whoever figures out how to bottle that feeling will be a billionaire.
Revamp Your Company Credit Card for the New Year
Between rising interest rates and a looming recession, you may be thinking a lot more about your lines of credit as a small business owner right now. And if you’re not - you should be!
4 Signs Your Books Need To Be Cleaned Up
Small business owners are some of the smartest, most innovative people on the planet, but often don’t know when it’s time to get their financials in order. I can’t tell you how many panicked calls and emails I get come tax time from people whose books are all kinds of messed up and are in desperate need of a quick fix!
Giving Back: How to Add Value to Your Community
Your community is made up of your business’s biggest asset: your customers! Not only is it important to provide value as a business owner to your clients through your services, it’s also important to give back charitably to your community.
Common Mindsets That May Be Holding Your Business Back
Thoughts are very powerful – and they could be affecting your business! Your mindset is a self-fulfilling prophecy. When you believe something to be true, you inadvertently cause that belief to become fact because your actions will be dictated by the belief. And sometimes you may be subscribing to a mindset that may appear positive but may actually be stopping you from reaching your goals.
How to Make Business Goals When Your Income Varies
Setting goals is one of my favorite business activities. It can give your daily pursuits purpose, motivate you to continue on in the face of challenges, and keep your business organized.
Habits of Successful Entrepreneurs
Any entrepreneur will tell you that sticking to their healthy habits is their secret to success. But figuring out what habits to stick to is not always openly shared!
7 Services You Didn't Know Bookkeepers Offer
Fact or fiction: your bookkeeper only files your taxes and hounds you for your receipts. Fiction! Bookkeepers are so much more than just the guy that bothers you about your tax forms.
How to Maintain Your Mindset - No Matter The Client
One of the most important things affecting your business right now: your mindset. A mindset shift can happen in an instance. It can be long lasting and lead to big burn out. And your clients, whether you realize it or not, are probably some of the biggest influences on your mindset.
How to Make Sure You Always Turn a Profit
Sound familiar? You’re doing everything right for your small business - growing your client list, rocking your social media, putting in the work - but your end of month cash doesn't show it.
What’s the deal?!
4 Tips For Handling Burnout When You Own A Business
From the outside looking in, owning a business can look like unlimited freedom and cash flowing in! But sometimes that is just not reality, or not the complete reality. Sure, being a business owner may mean you don’t have a boss to report to but that doesn’t mean you don’t have clients in your inbox or cash flow constantly on your mind!
3 Not-So-Obvious Ways to Increase Your Profits
We all started our business for one reason or another. Maybe you love matching people with their dream home or guiding people through the toughest challenges in their life. Whatever gifts you were given you figured out how to turn them into a business AND make money.
How to Calculate How Much You Should Be Charging For Your Services
One of the most important things you need to learn as a business owner is how to price your services! It may sound simple, but incorrectly pricing services you offer can eat away any profits you have, or even lead to losses that could really hurt your company. Below I will give you some great tips on how to calculate the price for your services!
Common Reconciliation Issues QuickBooks Users Encounter!
As a business owner, you may not have as much time as you would like to deal with your business accounting books. QuickBooks is a great software program that makes accounting so much easier - it's about time. One of the best functions of QuickBooks is to help with account reconciliation. In this article, we discuss reconciliation and some issues QuickBooks users encounter.
Why Keeping Your Bookkeeping Current Is SO Important!
This is a big one because so many small business owners have a “general idea” of their profitability but they don’t really know what their entire business picture looks like. When you’re ready to expand to the next level – do you know which of your products and services are most profitable, and which ones aren’t? If you needed to cut costs, do you know where your biggest expenses are? Knowing the numbers in real-time can help you maximize your profits and reduce your expenses.