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eCommerce Bookkeeping

New Year’s Resolutions for Entrepreneurs

What are you hoping to achieve next year as an entrepreneur? Do you want more profit, more time with family, more sales, to learn a new skill or software tool? What is one thing you can do to make that change stick? First, get clear on your goals. Quantity is important here. If you have […]

Preparing for Year-end One Task at a Time

Last week, I began a 4-part blog series on preparing for the year-end and tax time. In this series, I’m outlining tips on how to prepare for year-end and tax time without the stress that typically plagues ecommerce business owners this time of year. How did you do with your tasks for Week 1? Let’s […]

cash symbol and arrow

How Cash on Hand Affects Your Financials

As all good business owners know, the key to accurate financials is accurate data. What goes into those numbers determines what your financial reports are going to tell you. You want to ensure that you’re getting an accurate picture of your business’ current health. One thing I talk about quite often is cash on hand. […]

balance sheet

What is my Balance Sheet Trying to Tell Me?

What is My Balance Sheet Trying to Tell Me? Your financial statements are like the road maps of your business. They tell you where you’ve been, where you are and where you’re headed. Whether it’s the P&L, Cash Flow Statement, or Balance Sheet, every report you run is speaking to you, telling you something important […]

Financial Statements

Your Financial Statements Wear Many Hats

“Know your numbers” is a common phrase when we advise our clients. No one has ever asked me which numbers and why? But I think these are good questions, so I’m going to give you a rundown on the important numbers. Let’s start by getting clear about the purposes your financial statements serve. Just like […]