With the right business card, you can have all the advantages of a credit card and keep your finances in order. The best way to find a good business credit card is by researching and comparing options. Here are some tips on how to pick the right card for your needs: Is a business credit…
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We want to ensure that you are managing your finances like a pro, so this simple guide will help walk you through the ‘Making Deposits in QuickBooks’ process. Receiving Payments in QuickBooks Online When you receive payments in QuickBooks, please make sure that the “Deposit To” account is “Undeposited Funds”. This will allow you to…
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Be strategic when managing your business finances! Being a business owner involves wearing many hats, however, being a successful business owner involves wearing many hats successfully. Strategic thinking means making decisions that dictate the future direction of an organization. Effective CEOs need to be strategic about every aspect of their businesses, including their business finances.…
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I spent the morning at the ‘2019 Raleigh Small Business Connect‘ held on the campus of NC State in Raleigh, North Carolina, it was an amazing experience and I learned that it is important to ‘Find Your Tribe’! Being a small business owner is immensely rewarding, but it is also extremely hard. Being a small…
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QuickBooks Online integrates with Amazon! Many small businesses now use Amazon for a large portion of their business purchases because of the ease of shopping. The downside to using Amazon has been the difficulty in knowing what the individual charges were for and how to allocate the expenses. When we would close out the books…
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What are the “5 Epic Tax Myths that Confuse Small Business Owners”? My goal is to debunk a few of the tax myths making their rounds in the small business community, in an effort to save business owners both time and money. Epic Tax Myth #1 There are magic deductions that small business owners do…
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Bookkeeping for your small business can be time-consuming, so here is a quick bookkeeping tip to make life easier. Bookkeeping Tip #2: Keep your business finances separate! No matter how tempting it may be to pay for your personal expenses from your business account or vice versa, DON’T DO IT! What exactly is a business expense? A…
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Did you know that you need recurring revenue streams for your business? The same advice for building a healthy investment portfolio applies to your business: diversifying will lower risk and increase growth. Adding a recurring revenue stream (or a few) can provide an ongoing source of income. This ongoing source of income will help to…
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If you have any doubt that customer referrals are important, consider these recent stats: According to Neilson, 92% of shoppers trust recommendations from friends and family more than traditional advertising 20% to 50% of consumer purchases are made because of a word of mouth recommendation 81% of buyers are influenced by their friends’ social media…
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Yesterday you had a great idea, today you have a new business – now what? Good news for new business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of new businesses pass the five-year mark,…
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