How to Create a Forecast Report for Your Business
No matter if you’re killing it in real estate or running a successful coffee shop, it’s important to create a forecast report for your company. Forecast reports have many uses and are a valuable tool to improve the efficiency and effectiveness of your business. In this article, we will discuss the importance of forecast reports and how to create these important reports for your business.
Job Costing Basics for Your Custom Product or Service
One of the most important things to keep track of as a business owner is your expenses. Whether you are a manufacturer or provide services, knowing how much it costs to provide the products and services your customers require is essential. This is known as job costing. In this article, we will discuss the basics of job costing and how to keep track of these expenses.
How to Determine Whether Your Business Owes Sales Tax
Business owner, let me be clear. What you are doing is hard!
What begins as an idea, a passion or a hobby, can truly become a life changing path. So many things about running a business and building the team to help are true achievements - designing your logo, creating processes, and establishing prices.
What Is a Chart of Accounts and How to Organize One
Setting up your Quickbooks, Xero, or Freshbooks account requires some attention to detail and a bit of research but it can be done fairly quickly. You are likely aware of the importance of setting up your bank feeds and making sure all transactions are syncing correctly.
Another important task that should not be overlooked is properly structuring your Chart of Accounts.
Tax Deduction Checklist
As you collect all the appropriate documents for your tax return, it is easy to forget an essential document or piece of information that is required to complete your return. For that reason, we created the tax deduction checklist to help ensure you can confidently send all the necessary files to your accountant.
7 Biggest Myths About Taxes
If you are familiar with the show “Mythbusters” you know that many commonly accepted myths turn out to be untrue. With tax season approaching, it’s helpful to talk about some tax myths that may be causing you unnecessary stress. In this article, we will discuss the 7 biggest myths about taxes and do our best to “bust” them.
Home Office Deduction 101
We all have our daily tasks, whether it is walking Rover or taking client calls. Business owners of all types, from established coffee shops to female entrepreneurs who are just starting often spend time working from home. As a result, many taxpayers utilize the home office deduction. In this article, we discuss the home office deduction and how to qualify for it.
The 4 Things You Should Look for in Your Annual Reports
Of all the tasks business owners take responsibility for at the beginning of the year, reviewing your annual reports can be the most beneficial to your business. Reviewing your reports during this time can help you assess what went right in the previous year and what you need to improve on in the upcoming year.
5 Accounting Tasks You Should Complete Before 2022
Congratulations! You have made it year-end, now let's get to work! All businesses are hectic at year-end, tirelessly working to complete important accounting tasks. It is time to reflect on your business's progress and plan for the future, using data and current results
5 Things Every Small Business Owner Needs
Starting a small business is exciting and something every entrepreneur experiences at least once. However, running a small business is not easy. There are so many things to worry about: generating enough money, paying invoices, marketing your company, keeping up with technology, and the list goes on and on.
5 Self Care Expenses You Can Deduct From Your Business
We all know the entrepreneur that works herself to death, believing that hustling nonstop is the only way to succeed - she might even be you. Many entrepreneurs pride themselves on working long hours and not taking proper care of themselves. We get so focused on getting the job done that self-care slides right out the window.
Quickbooks Vs. Freshbooks
Many small businesses find it difficult to keep track of their finances due to lack of time. This is where accounting software comes in handy. A great application and accounting process can help you manage your business finances without a lot of the tedious work.
How Realtors Are Enhancing Client Relationships With Bookkeeping
Buying a home is consistently ranked as one of the most stressful things a person will experience in their lifetime. From finding the right home to negotiating the right price, all while their current home and possessions are in a storage unit. It’s an overwhelming event. Which is why realtors are essential to a smooth process.
What's Your Profit Margin & How to Compare it With Your Industry
Every great business owner knows the importance of setting goals for themselves. It helps us measure progress and make sure we are on the right trajectory. As we see those numbers tick up we know we are heading in the right direction. Dips indicate it may be time to relook at how we do things.