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Why Financial Reporting Is Your Small Business’s Secret Weapon

May 22, 2024

Financial reporting is crucial for small business owners. It involves tracking financial performance through reports and statements, providing insights for informed decisions, trend-spotting, compliance, and future planning. It helps determine profitability, control expenses, identify growth opportunities, and ensure long-term success. Ignoring financial reporting could hinder business potential. … More Why Financial Reporting Is Your Small Business’s Secret Weapon

Common Bookkeeping Mistakes for Small Businesses to Avoid

May 15, 2024

Bookkeeping is crucial for any small business, ensuring financial accuracy and helping make informed decisions. However, many small businesses fall into common traps that can lead to significant issues down the line. Here are some common bookkeeping mistakes to avoid. … More Common Bookkeeping Mistakes for Small Businesses to Avoid

How Long do I Keep my Personal Financial Documents?

February 24, 2022

Maybe there are some documents you still receive as paper. How long do you keep them before you can watch them turn into so many bits of shredder confetti? … More How Long do I Keep my Personal Financial Documents?

What if I like paper documents?

February 17, 2022

What if I like paper documents?
Ok, you’re a Luddite. It’s a life choice.
So how do you handle your financial paperwork when you buck the cool-kid trend of electronic delivery? … More What if I like paper documents?

The Horror

October 28, 2021

Blue-grey clouds drift toward me from the horizon. They smother the sun with a mass heavy with future thunder. Watching them through the plate glass window matches the ominous mood as I sit in the car salesman’s office. … More The Horror

What if I don’t pay my debts?

September 30, 2021

Another thought experiment – what if I don’t pay my debts?
I’ll go to debtor’s prison. The end.
… More What if I don’t pay my debts?

My Chaotic Cash Flow

September 23, 2021

Ahh, to be self-employed or run a small business – the freedom, the mental stimulation, the crushing anxiety, and the chaotic cash flow. For some, money coming into the business coffers is either feast or famine. How do you get a grip on your business finances when client payments don’t follow a predictable schedule? … More My Chaotic Cash Flow