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 […]

Maybe you’ve never filed a 1099 before, or you have, but you’re still not 100% sure what you’re doing (or even why you’re doing it). With the end of the year coming quickly and tax season right around the corner, filing your 1099s isn’t exactly a task on your to-do list you want to skip. […]

First, your bookkeeper is likely not working on your bookkeeping every day—they take weekends, vacations, and days off, too. But, even outside of time off, there’s a chance your bookkeeper isn’t working on your accounts every day, either.  But that’s not to say there are no busy seasons or times when your bookkeeper isn’t working […]

If you’re reading this, you’re likely doing your bookkeeping, and something isn’t adding up—or you’re worried that something won’t add up. You’re using accounting software (and if you’re not, I recommend starting there first), and although you’ve gotten used to the basics, you’re wondering if you’re doing it right. I promise that you’re not the […]

You’ve considered hiring a bookkeeper (yay!!), but you’re not 100% sure what that means — or what they do. You know they handle your books, that it involves your finances, and that doing it yourself is confusing or time-consuming (or both), and it’s time to outsource. If this sounds like you — or you have […]