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Planning

Is It Time to Discontinue Your Product or Service?

Is your offer — whether it’s a digital product, 1:1 service, or group program — not performing like you wanted it to? Are you wondering if it’s time to discontinue your product or service?  It’s a sticky situation. I’ve been there, and most of the business owners I know have too. You pour so much […]

Accounting Tips

The First Thing to Do When Starting a Business

All right, business owners. Let’s get into it — how are your finances looking? I’m not talking about your revenue, expenses, or profits (find that discussion here) — I’m talking about your literal financial setup. That means your bank accounts! And the million-dollar question is … do you have separate bank accounts for your business […]

Accounting Tips

What’s the Best Way to Pay Contractors? (Hint: Not With Venmo!)

Be honest — are you using Venmo to pay contractors? I know, I know, Venmo is easy to use and it’s fun to explain your transactions with emojis. But it’s not an appropriate way to pay your contractors. Honestly? Pretty much any other payment option is a better choice than Venmo.  So let’s talk about […]

Accounting Tips

How (and Why) to Read a P&L Report

Spend any time learning about business finances, and you’ll hear a LOT about the P&L. But what even is a P&L? Why do you need one? And how on earth do you read it? P&L stands for Profit & Loss. And that’s what this report shows — the financial gains and losses in your business. […]

Bookkeeping Tips

How a Bookkeeper Makes Tax Season Easier

The tax deadline is looming. How are you feeling? Stressed? Frustrated? Frantically trying to get your paperwork together so you can figure out how much you owe? I see you. And I get it — taxes are no fun, and it’s tempting to wait until the last minute. But procrastination hits hard when you’re trying […]

Bookkeeping Tips

Your Quarterly Bookkeeping To-Do List

It’s the end of the quarter, y’all! That means it’s time to take care of some quarterly bookkeeping tasks — but don’t panic. “Quarterly bookkeeping” might sound boring and complicated, but it doesn’t have to be. It’s not complicated, but it is necessary. It’s best to check in with your books every month, but if […]

Budgeting, Finances, Planning

How to Plan for Maternity Leave as an Online Business Owner

Got a baby on the way? Whether you’re due in a few months or planning ahead for a few years in the future, you’re probably wondering what maternity leave looks like if you’re a business owner. Can you even take time away at all? Absolutely! I’ve taken maternity leave, and I’ve helped several of my […]

Audit

Top 3 Things I Learned From Working as an Auditor

One of the things I hear all the time from my clients is that they’re afraid of getting audited. They feel anxious that they’re messing up — and are worried that someone would go through their books and find mistakes that lead to fines or even jail time.  Are those real risks when you get […]

Finances

What Does It Really Mean for Your Business to Be Profitable?

Is your business profitable? What does that really mean? Is it having a “six-figure year”? Or meeting another arbitrary revenue goal? Bringing in six figures is great, but if you spend all of that on business expenses, you haven’t made a profit. If you hit your revenue goal but can’t afford to pay yourself, is […]