Did you know there is a cost to not staying involved in your bookkeeping? Yes, you should outsource your bookkeeping, but there is a risk of being too hands-off. Let’s talk about the cost of business owners not staying involved in their bookkeeping. How to maintain financial oversight — by working effectively with your bookkeeper…
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You’ve probably heard that hiring a bookkeeper can substantially transform your business and that having one can help with financial decision-making. That’s why you hired yours, right? Maybe finances got too complex and things got lost in the shuffle, which made taxes a nightmare. Or maybe your spreadsheets got too time-consuming to manage on your…
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This month at C2 Accounting we are celebrating our incredible CEO, Carleen Lamay! Carleen has been in this industry for many years, with an interest in financial literacy being instilled in her at a young age. In conversation with our CEO, we asked Carleen to share some inspiration and wisdom regarding both bookkeeping and small…
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Accounting software is the backbone of any profitable business. It’s easy to get lost in the day-to-day running of your company and forget about your finances. But if you aren’t keeping track of expenses, you may miss out on ways to increase profits! After all, a business owner doesn’t just want a good balance sheet;…
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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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Financial Tips for the Coronavirus Outbreak We have watched the novel coronavirus wreak havoc across the world, and now it is doing the same here at home. As small business owners, we need to be financially prepared for the financial impact that a pandemic like COVID-19 can inflict. Let’s go over some financial tips that…
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Why do Integrative Health Professionals need a Chart of Accounts? As an integrative health professional, it is imperative that you know how the health of your business is doing at all times. The categories on the chart of accounts feed directly into the financial statements, such as the profit and loss, as well as the…
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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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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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