Have you noticed that I’ve had a bit of a blog theme going the past several weeks? If it seems like I’ve been talking a lot about tools and systems, you’re right! Why? Because our business (and likely yours, too) could not function without the right tools in place. At least, not as effectively. The […]
Our philosophy at bookskeep is to work only with those tools and systems that are proven to be top-notch in their field; those that provide a user-friendly platform, generate easy-to-access reports and help us to operate more effectively for our clients. We look for these criteria in both our internal tools and tools that our […]
As your e-commerce business grows, you’ll reach a point where expanding your team becomes a possibility. This signifies your hard work paying off and your business’s success. If you’ve adopted Profit First, you might have reached this stage sooner, thanks to its effective processes for growth. Congratulations on your commitment to your business and its […]
At bookskeep, we take pride in using the best tools out there to provide the most accurate bookkeeping records for our clients. Some of these tools and systems are the latest and greatest; others are well-established, reliable systems that have been around for a while. While we’re always looking for ways to streamline and be […]
I think it’s always good to spend a little time now and then reflecting on your business; keeping in tune with the heartbeat of your operations. Are you managing things well? Understanding your numbers and producing financials that are providing you with an accurate picture of your business’s current health?
“My Profit & Loss report indicates profit, but where’s my money? This common question from new clients stems from a misconception held by many. While profits might seem like cash in the bank, it’s not entirely accurate. Let’s delve into this issue and explore why this misconception exists. Your Profit and Loss Statement (P&L) reveals […]
In a foreign country where you don’t speak the local language, simple tasks like ordering coffee or asking for directions become challenging. To ease the process and ensure effective communication, you would need a bilingual translator who can bridge the language gap between you and the locals.
This past week I had the opportunity to visit with 30 hard-working ecommerce sellers at an Amazon Seller Retreat. I had a blast reviewing their accounting books and giving them suggestions. One question that came up several times was “Do I need Inventory Lab and Quickbooks or Xero?” It’s an easy answer – Yes! Let’s […]
We’re counting down on this year’s calendar, so it’s time to get your accounting records in order. The “tax time” clock starts ticking on January 1 with a couple of deadlines hitting on January 31. Here’s what you can be doing now to prepare your records so you don’t feel quite so rushed after the […]
As the year comes to a close, in addition to the busy selling season, it’s time to ensure you are ready for January and the IRS deadlines for 1099’s. The IRS requires 1099s to be issued to vendors and filed with the IRS by January 31st. There is good news, however, if you have paid […]
