Bookkeeping Red Flags You Shouldn’t Ignore
Are You Overlooking These Bookkeeping Red Flags and Warning Signs? You’re running a small business, juggling a million things, and your books? They’re somewhere between “I’ll get to it” and “Where did that report go again?” Sound familiar? Here’s the truth: even one small issue in your...
Colorado Small Businesses: 2025 Accounting Updates
Running a small business in Colorado already comes with its daily challenges — keeping track of legislative changes shouldn't be another headache. But as we move further into 2025, several updates are coming into effect that will directly impact your accounting, bookkeeping, and overall financial...
Step-by-Step Guide to Automating Accounts Receivable
Step 1: Implement a Robust Online Invoicing System Using online accounting services for small businesses, such as QuickBooks, can dramatically streamline invoicing processes. QuickBooks consulting services are especially beneficial if you're new to automation, helping you customize your setup based on your specific business needs. More on:...
Cash Flow Timing for Small Business Owners
TL;DR – 5 Key Takeaways Cash flow timing matters – Even profitable businesses struggle if expenses hit before income arrives. Late payments hurt – Invoice immediately, offer early payment discounts, and follow up on overdue invoices. Plan expenses wisely – Negotiate longer supplier payment terms and delay big...
Top Tools for Small Businesses in 2025
Running a small business is a full-time job—and then some. Keeping track of invoices, expenses, taxes, and cash flow can feel overwhelming, especially when you’re juggling everything else. The right accounting software can save you hours, help you get paid faster, and keep your finances...
Empowering Small Business Owners with a New Money Mindset
Running a small business is exciting, but when it comes to finances, many owners feel out of their depth. Numbers can seem overwhelming, reports confusing, and cash flow unpredictable. If this sounds familiar, you’re not alone. The good news? A strong financial mindset isn’t something...
BOI Filing Deadline: March 21, 2025
Why BOI Reporting Matters If you own a small business, there’s a crucial deadline coming up—March 21, 2025. That’s the due date for filing your Beneficial Ownership Information (BOI) Report, required under the Corporate Transparency Act (CTA). The goal? To prevent fraud and make business ownership...
Why DIY Bookkeeping Could Be Holding Your Business Back
Why DIY Bookkeeping Could Be Holding Your Business Back Many small business owners believe handling their own bookkeeping will save money. However, outsourced bookkeeping for small businesses often proves to be a more efficient and financially sound decision. DIY bookkeeping can lead to costly errors, time...
The Future of Bookkeeping is Here
Managing small business bookkeeping can be overwhelming, but emerging technology is making it easier. With advancements in AI-powered bookkeeping services, financial management is becoming more accurate, efficient, and automated. While AI has already made bookkeeping more accessible, quantum computing and advanced data analytics are set to...
Master Your Finances with P&L Insights
Master your finances with these P&L Insights. A Profit & Loss (P&L) statement, also known as an income statement, is a crucial financial document that shows how your business is performing over a specific period. It outlines your revenues, costs, and expenses to highlight...