Great question — and a critical one. Getting this right helps you understand your business, not only report to the IRS on it. Let’s walk through the approach step-by-step in a clear, practical way — whether you’re setting up for the first time or cleaning up a messy chart of accounts. ✅ Step 1: […]
Category Archives: Financial Tools
05
Sep
Sep
Here’s the truth: where you put things in QuickBooks matters—a lot.Small clicks create big ripples. In your tax bill. In your cash flow. In your valuation. In your confidence. If you’ve ever thought, “I can’t mess it up that much, right?” this is for you. Keep reading. You’ll see how a few simple habits can […]
04
Sep
Sep
Running a business means making smart choices with your money. QuickBooks gives you powerful tools, but flipping a switch is not enough. The real value comes when you follow through with the settings you turn on. Let’s talk about three of the most important ones: Inventory: Track It Item by Item Turning on Inventory Tracking […]
26
Aug
Aug
The Short Answer: Yes, But You Shouldn’t QuickBooks Online lets you put more than one business under a single subscription. But just because you can doesn’t mean you should. Think of it like trying to forecast the weather for two completely different cities using the same thermometer. You might get a number, but it won’t tell you the […]
11
Aug
Aug
How do you know when its time to stop doing your own bookkeeping for your business? I meet lots of small business owners. Most of them do everything when they start their business- they sell things, help customers, answer phones, and yes… they do their own books. And you know what? That’s smart at first. […]
05
Aug
Aug
What Most Business Owners Get Wrong About DIY Bookkeeping Running a business is tough. You do sales, help customers, manage workers, handle marketing, and maybe even clean toilets. So when QuickBooks ads say, “It’s super easy! Just link your bank and you’re done!” – of course, you want it to be true. Who doesn’t? But […]
24
Jul
Jul
If you’ve ever watched a QuickBooks Online commercial, you’ve probably seen it: a business owner clicking a few buttons, connecting a bank account, and suddenly—ta-da!—they’ve “done” their books. It’s a great ad. But it’s also dangerously misleading. Let me explain. Software Is a Tool—Not a Full Solution I’m a fan of QuickBooks Online. We use it every day in our business. It’s an amazing tool. But that’s just it—it’s a tool. […]
25
Jun
Jun
Have you ever looked at your calendar, saw it jam-packed with customers, and thought, “Why am I still not making money?” That’s exactly what happened with one of the business owners I work with. For six months straight, we sat down together, staring at the same reports. He was fully booked, his schedule was maxed out, […]
16
Jun
Jun
I want to talk about something small business owners face a lot—using their business money for personal stuff. It’s super easy to borrow from your company to pay for hobbies, a new house, or fun trips. But that can hurt your small business budget, business profits, and long-term growth. Why You Need a Personal Budget I’ve seen […]
09
Jun
Jun
There’s something mesmerizing about watching someone clean up a mess. Especially when it’s one of those YouTube videos where a guy shows up to tackle an overgrown lawn that’s completely swallowed up a property—trees sprouting through the driveway, weeds taller than the windows, sidewalks buried beneath layers of neglect. It starts as chaos. But then, […]
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