Tag: budget

Best Small Business Bookkeeping Software: QuickBooks, Xero, and Wave Compared

June 12, 2025

Choosing the right bookkeeping software can make an unpleasant task manageable. Or the wrong one can turn your books into an unholy mess. With so many options available, how do you find one that fits your business needs, budget, and level of accounting knowledge? QuickBooks is the accounting tool most thought of for small businesses, … More Best Small Business Bookkeeping Software: QuickBooks, Xero, and Wave Compared

Top 5 Most Common Mistakes Small Business Owners Make in Quickbooks

September 26, 2024

Your small business is humming along. You’re building up your revenue, and everyone’s busy. Congratulations. But your bookkeeping is a white-hot mess you don’t want anyone to know about. You set up QuickBooks – the most common accounting software – to track your income and expenses. You’d like to generate polished financial reports, but…there are … More Top 5 Most Common Mistakes Small Business Owners Make in Quickbooks

The Power of Sales Reports in Small Business Management

June 27, 2024

For small business owners, keeping a finger on the pulse of sales performance is essential for growth and sustainability. Sales reports, which detail the volume, value, and nature of sales over a specific period, are invaluable tools. Here’s why: Monitoring Performance Sales reports provide a clear view of how well your business is performing. Analyzing … More The Power of Sales Reports in Small Business Management

Unlocking the Power of Cash Flow Reports for Your Small Business

June 12, 2024

For small business owners, managing finances is a critical component of ensuring business success. One often overlooked and misunderstood report is the cash flow report. This report provides a detailed summary of all cash inflows and outflows over a specific period, helping you understand how money moves through your business. Here’s why cash flow reports … More Unlocking the Power of Cash Flow Reports for Your Small Business

Essential Insights: Balance Sheets for Small Business Owners

June 5, 2024

Understanding and managing finances is a cornerstone of success for small business owners. A balance sheet, also known as a statement of financial position, provides a snapshot of a company’s financial condition at a specific point in time. It outlines what the business owns (assets), owes (liabilities), and the owner’s equity (owner’s rights to the … More Essential Insights: Balance Sheets for Small Business Owners

Navigating Small Business Finances with Profit and Loss Reports

May 29, 2024

As a small business owner, effectively managing your finances is crucial for the success and growth of your business. One of the most vital tools at your disposal is the profit and loss (P&L) report, also known as an income statement. This report provides a detailed summary of your business’s revenues, costs, and expenses during … More Navigating Small Business Finances with Profit and Loss Reports

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

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