Bookkeeping Tips for Small Businesses:
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Mindset & Money: The Hidden Side of Bookkeeping Success
I cannot say enough about how important it is review your Balance Sheet every time alongside your Income Statement. And it’s critical to understand the connections that are occurring.
The first step is to see clearly. To have great visibility on what’s going on. Clarity must come first, before any improvements can be had.
We can’t help it. We humans tend to use resources to the extent we have given them. Traditionally, Parkinson’s Law is studied with time in mind. But the same things happens with our money, too. Don’t let it happen to you. Take control.
Essential Bookkeeping Tips for Small Businesses
As we step into a new year, it’s the perfect time for business owners to review their financial health. While the Income Statement (P&L) shows profitability, it doesn’t tell the whole story. To gain real Clarity, Connection, and Control over your finances, you also need to analyze the Balance Sheet and Statement of Cash Flows.
When customers pay by credit card, your deposit is often less than the invoice amount due to merchant fees. If not recorded properly, your books may show inaccurate balances and incomplete financial data. Learn how to track these fees in QuickBooks to keep your reports accurate!
Best Tools to Make Small Business Bookkeeping Easier
Step-by-Step Guides for Small Business Bookkeeping
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