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What is the difference between bookkeeping and accounting?

Which one do I need and why? Even though a lot of entrepreneurs and business owners use the terms “bookkeeping” and “accounting” interchangeably, the two indicate two different types of services. For any business owner, it’s important to know the difference so that they know exactly what to buy, whether it be a service provided […]

Easy Accounting Tips for Small Businesses

Easy Accounting Tips for Small Businesses We have the smartest and most clever accountant in the world. So we asked him to give us some easier accounting tips for small businesses just starting out. Here’s what he wrote. It’s solid advice from an accountant who saves us tons of money. If you want a referral […]

Growing Your Business with the Breakeven Analysis

Let’s pretend we’re a donut shop. We started the business because we wanted to make money (and really like making donuts.) No matter the type of business chosen, we ask the same question as we go through setting up and starting: “When do I get to the point where I start bringing in more money […]

Home Office Tax Deduction Explained

The home office tax deduction is real. You’ve probably never used it, but you’ve heard of it because your buddy said his former college roommate who started a web design studio in his basement uses it. But whether you work at home for someone else or for yourself, you may qualify for this deduction. However, […]

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Small Business Tax Tips… What you can and cannot deduct.

Small Business Tax Deductions Explained Tired of doing your own books? Schedule A Free Bookkeeping Consultation Now As a sole proprietor or founder of a small business, it can be difficult to navigate the waters of the IRS annual to take maximum advantage of the small business tax deductions available. Though you can and should […]

Track Billable Hours with These Tips

If you’re not billing your hours, then why are you even working? Until you know how many hours a week you work, you’ll never know how much you’re actually getting paid. It could be five dollars an hour or five hundred. To learn how much your time is worth, you absolutely need to track your […]

Get Bookkeeping Help with LessAccounting

Last week we featured a guest post by David Dunne in which he outlined “Easy Accounting Tips For Small Businesses.” If you haven’t read it yet, definitely check it out as it contains helpful tips that are easy to implement right now. In this article we’ll talk about how software can help with bookkeeping to save you […]

Why Are Your Clients Paying Late – Understanding How To Get Paid

As a business, a crucial part of success is managing your cash flow. All the amazing branding and wonderful customer service in the world won’t keep your doors open. We’ve talked before about how your invoices can be set up to be clear and concise so that you get paid quickly, and about how outstanding invoices […]

Net 30 vs Net 90 – The Best Way To Get Your Business Paid

Basically no one goes into business because they think to themselves, ”I’m a great business person,” or, “I can’t wait to debate the intricate differences between net 30 and net 90 with clients.” No, you go into business because everyone loves your photographs, or you’re an amazing writer, or because you love to cook and […]