by cmehnert01 | Jun 18, 2024 | Small business bookkeeping
E-commerce entrepreneurs understand the unique challenges faced by businesses when it comes to bookkeeping. Keeping books for an online store requires specialized knowledge due to the complexity of and volume of transactions, e-commerce-specific workflows, and...
by cmehnert01 | May 7, 2024 | Small business bookkeeping
As a one-person business, you wear many hats. Even though it can be dull and repetitive, keeping the books correct is essential. While it’s not exactly the most thrilling part of being an entrepreneur, spending time on bookkeeping can save you pain later. Overview of...
by cmehnert01 | Apr 25, 2024 | Small business bookkeeping
If you are a business person, monitoring your spending is key to proper financial management. It assists you in understanding your spending patterns, trimming down on unnecessary expenditures, and preparing precise financial statements. Numerous expenses can easily...
by cmehnert01 | Apr 10, 2024 | Small business bookkeeping
Deciding between accrual or cash-based accounting can be a big deal for your business. Understanding the nuances of each method is crucial to making an informed choice that aligns with your company’s needs. In this guide, I’ll explain these concepts to...
by cmehnert01 | Feb 28, 2024 | Small business bookkeeping
Accurate record-keeping is vital for any business, large or small. It involves more than just tracking income and expenses; it exists so you can create a detailed, clear, and easily accessible record of all financial transactions. This practice is essential to making...
by cmehnert01 | Jan 11, 2024 | Small business bookkeeping
Note: you will need to activate multi-currency within QBO, add foreign currencies within QBO, foreign currency vendors (if applicable), and create TWO “PayPal Bank” accounts within QBO *IN YOUR HOME CURRENCY* and *IN EACH FOREIGN CURRENCY.* I recommend...
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