There’s always a collective sigh of relief you can hear from small businesses once tax season is over. There’s no more scrambling for documents, hoping you haven’t missed any deductions, or fear of a letter from the IRS—but there’s also the thought that, “I won’t do this to myself next year,” and “I need to […]

It may not be your favorite to-do in your business, but keeping up with your monthly, quarterly, and yearly bookkeeping is necessary for any small business. We’ve covered some of the best habits to have for your general bookkeeping, but what about your quarterly bookkeeping?  Your quarterly bookkeeping to-do list isn’t as tedious as your […]

One of the first things you should do as a service provider is set up a separate bank account for your business—specifically, a business bank account.  A business bank account protects you legally and financially by separating your business and personal funds. It’s easier to track your deposits, pay contractors, and mark expenses as business […]

Bookkeeping is a service that is often underestimated by business owners—you know it’s important, but you don’t know exactly why or how. Sure, you’re “keeping your books organized,” but what does that mean—and how does that help you? As a business owner, bookkeeping is one of the on-going investments you’ll often be recommended to do […]

AKA the profit and loss statement, meant to provide an overview of your revenue. Your income statement is used to assess your company’s financial performance, identify trends, and make informed decisions. It provides a comprehensive overview of a company’s financial health and is essential for successful business operations. #2. Cash Flow Statement Your cash flow […]

There’s a common misconception that because of the financial responsibilities of a bookkeeper, there’s an equal amount of legal responsibility—and while there IS a legal obligation, it’s likely not what would you expect. Most of this comes from being unsure of what a bookkeeper does for your business, but it also stems from both finances […]

Maybe you’re wrapping up your books from last year—or maybe you’re just getting started. Maybe you’re somewhere in between. But, wherever you are, you’re starting to consider what life would be like if you decided to start outsourcing your bookkeeping. One of the first things creative business owners and coaches tend to outsource in their […]

The last thing you want to do during tax season is be caught in a situation owing more than you have on hand — but, how much should you be saving for small business taxes? How much of your income should be set aside for taxes as a creative or coach so you’re not left […]

When you started your business, you probably didn’t realize exactly how many “hats” you’d have to wear to keep it functional. You’re the marketer, HR, strategist, administrator, CEO, and, yes, the bookkeeper. But, as with any time you outsource, the first step is releasing control and acknowledging you need help. Outsourcing tasks is a slow […]

As a creative business owner, there’s one thing that tends to be overlooked: your numbers. More specifically, your bookkeeping. While marketing your business, talking to clients and customers, and even networking is becoming second nature — keeping up with your bookkeeping is becoming increasingly exhausting. But, at the end of the day, when your books […]