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Helping Amazon & Shopify Business Owners increase Cash Flow and Profit using Strategic Bookkeeping Are your financial statements unbalanced? Don’t get me wrong.

𝗧𝗼 𝗔𝗟𝗟 𝗔𝗠𝗔𝗭𝗢𝗡 𝗔𝗡𝗗 𝗦𝗛𝗢𝗣𝗜𝗙𝗬 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗢𝗪𝗡𝗘𝗥𝗦:

Are you having problems in your cash flow and profit? Or are your sales being overstated and the expenses being understated? Are your company books disorganized, unreconciled, and unprepared for tax filing? To reconcile your books, you need someone to do that.

𝗔 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗲𝗿...𝘄𝗵𝗼 𝗸𝗻𝗼𝘄𝘀 𝗵𝗼𝘄 𝘁𝗼 𝗱𝗼 𝗶𝘁..𝘄𝗵𝗼 𝗸𝗻𝗼𝘄𝘀 𝗵𝗼𝘄 𝘁𝗼 𝗱𝗼 𝗽𝗿𝗼𝗽𝗲𝗿 𝗮𝗻𝗱 𝘁𝗶𝗺𝗲𝗹𝘆 𝗯𝗮𝗻𝗸 𝗿𝗲𝗰𝗼𝗻𝗰𝗶𝗹

𝗶𝗮𝘁𝗶𝗼𝗻..𝘄𝗵𝗼 𝗰𝗮𝗻 𝗽𝗿𝗲𝘀𝗲𝗻𝘁 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗼𝗻 𝘁𝗶𝗺𝗲..𝘄𝗵𝗼 𝗰𝗮𝗻 𝗮𝗰𝗰𝘂𝗿𝗮𝘁𝗲𝗹𝘆 𝗿𝗲𝗰𝗼𝗿𝗱 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗽𝗿𝗼𝗽𝗲𝗿 𝗰𝗵𝗮𝗿𝘁 𝗼𝗳 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀.𝘄𝗵𝗼 𝗰𝗮𝗻 𝗰𝗹𝗲𝗮𝗻 𝘂𝗽 𝗮𝗻𝗱 𝗰𝗮𝘁𝗰𝗵 𝘂𝗽 𝗼𝗻 𝗱𝗶𝘀𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗲𝗱 𝗯𝗼𝗼𝗸𝘀 𝗮𝗻𝗱 𝘂𝗽𝗱𝗮𝘁𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀

Imagine how having a bookkeeper can make your life easier. Now, come to think of it:

**𝗪𝗵𝗮𝘁 𝗶𝗳 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗘𝗫𝗣𝗔𝗡𝗗 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘄𝗵𝗶𝗹𝗲 𝘆𝗼𝘂𝗿 𝗯𝗼𝗼𝗸𝘀 𝗮𝗿𝗲 𝗨𝗣𝗗𝗔𝗧𝗘𝗗?
**𝗪𝗵𝗮𝘁 𝗶𝗳 𝘆𝗼𝘂 𝗰𝗮𝗻 𝘀𝗽𝗲𝗻𝗱 𝗠𝗢𝗥𝗘 𝗤𝗨𝗔𝗟𝗜𝗧𝗬 𝘁𝗶𝗺𝗲 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿 𝗳𝗮𝗺𝗶𝗹𝘆 𝘄𝗵𝗶𝗹𝗲 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗮𝗿𝗲 𝗮𝗹𝘄𝗮𝘆𝘀 𝗧𝗜𝗠𝗘𝗟𝗬 𝗮𝗻𝗱 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝗧𝗔𝗫 𝗥𝗘𝗣𝗢𝗥𝗧𝗜𝗡𝗚?
**𝗪𝗵𝗮𝘁 𝗶𝗳 𝘆𝗼𝘂 𝗴𝗲𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘆𝗼𝘂𝗿 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗦𝗧𝗔𝗧𝗨𝗦 𝗲𝘃𝗲𝗿𝘆 𝗺𝗼𝗻𝘁𝗵 𝗮𝗻𝗱 𝘆𝗼𝘂'𝗿𝗲 𝗖𝗢𝗡𝗙𝗜𝗗𝗘𝗡𝗧 𝘄𝗵𝗲𝗿𝗲 𝗶𝘁 𝗶𝘀 𝗵𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗼? Don't these THINGS make your life EASIER? I noticed that most business owners sometimes do their own bookkeeping. They do this because they want to save costs. Some business owners ignore their books being messy, thinking that this can be fixed later. There’s nothing wrong with doing your own bookkeeping and running your business at the same time.

𝗕𝘂𝘁 𝗿𝗲𝗺𝗲𝗺𝗯𝗲𝗿 𝘆𝗼𝘂𝗿 𝗴𝗼𝗮𝗹 𝗶𝘀 𝘁𝗼 𝗘𝗫𝗣𝗔𝗡𝗗 𝗬𝗢𝗨𝗥 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦. You must have time to devote to growing your business and at the same time, your books must be in order and up to date. Thus, to keep your business on top, you must have time to GROW it to make it EXPAND. Now, the decision is yours to make. If any one of these things sounds good to you, book a call with me now.

**CALENDLY: https://calendly.com/bloomwithmaribel/30min
**SKYPE: [email protected]
**EMAIL: [email protected]

30/11/2022

Are you uncertain whether your business needs bookkeeping help or not? Below are five indicators that will help you decide:

𝟏. 𝐍𝐨 𝐭𝐢𝐦𝐞 𝐟𝐨𝐫 𝐜𝐨𝐫𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐰𝐨𝐫𝐤
In the growing phase of your business, you need to focus on the core work of business growth. If you're spending a large portion of your day or week recording business transactions which is keeping you from doing your core business, then you need a bookkeeper to do it.

𝟐. 𝐁𝐨𝐨𝐤𝐬 𝐚𝐫𝐞 𝐨𝐮𝐭𝐝𝐚𝐭𝐞𝐝
If you're unable to keep your books up-to-date or calculate your business's revenue in the last six months, then you must hire a qualified bookkeeper to take care of your books of accounts.

𝟑. 𝐓𝐚𝐱 𝐨𝐛𝐥𝐢𝐠𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐨𝐭𝐡𝐞𝐫 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞𝐬 𝐚𝐫𝐞 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐞𝐝
Adhering to tax obligations and other compliance requirements is necessary for a business. If you're failing to do so, then you need bookkeeping help.

𝟒. 𝐈𝐫𝐫𝐞𝐠𝐮𝐥𝐚𝐫 𝐢𝐧𝐯𝐨𝐢𝐜𝐞𝐬
Regular invoices are necessary for smooth cash flow. If you're irregular at generating and sending invoices to your clients, then it is a sign that your business needs a bookkeeper.

𝟓. 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬 𝐚𝐫𝐞 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐦𝐢𝐱𝐞𝐝
Bookkeepers play a crucial role in categorizing finances and advising you in handling financial affairs. If you're mixing various expenses and missing out on tax credits your business is entitled to claim, then you're in dire need of a bookkeeper.

As soon as you notice these indicators, immediately hire a qualified bookkeeper for your business or you may outsource bookkeeping to a virtual bookkeeping service like mine. Just book a FREE consultation call with me using the QR code below.

24/11/2022

𝐐𝐮𝐢𝐜𝐤𝐛𝐨𝐨𝐤𝐬 is an impressive tool for small business owners to understand their finances. It is one of the most popular accounting software businesses use to manage income, expenses, and keep track of the financial health of the company. Below are 3 of the most useful reports in Quickbooks for Small Businesses:

𝟏. 𝐏𝐫𝐨𝐟𝐢𝐭 & 𝐋𝐨𝐬𝐬 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝
A Profit and Loss statement also called an income statement, is a crucial financial statement that summarizes the income and expenses of a business during a specified period. Run this report Year-to-date and break it down by month to see the trends in your business.

𝟐. 𝐏𝐫𝐨𝐟𝐢𝐭 𝐚𝐧𝐝 𝐋𝐨𝐬𝐬 - 𝐏𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐘𝐞𝐚𝐫 𝐂𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧
Comparative financial statements are quite useful to provide a comparison of an entity's financial performance over multiple periods so that you can determine trends. This report helps you see how your business has grown over the past year and assesses the long-term impact of your decisions and marketing efforts.

𝟑. 𝐈𝐭𝐞𝐦 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭
This report is very helpful for business owners who have a product-based business or for those who offer multiple service items. If you use invoices or create sales receipts to log your individual item sales, you can then run a report that shows you a summary of every item you sell. Along with that, this report also shows you the total you earned from each item and what percentage of your income each product or service category makes up. Use it to compare the profitability of your products and services.

How about you, what are the other financial reports you frequently use in Quickbooks? Feel free to share below.

22/11/2022

𝐁𝐔𝐃𝐆𝐄𝐓𝐈𝐍𝐆 is crucial for small businesses and influences effective decision-making. Small businesses should have:

✅A current budget
✅A budget comparison between budgeted amounts and actual spending
✅A forecasting budget for the next three to five years.

Do you have a budget for your small business? Below are 𝟔 𝐬𝐢𝐦𝐩𝐥𝐞 𝐰𝐚𝐲𝐬 to create a 𝐁𝐔𝐃𝐆𝐄𝐓 for small businesses:

𝟏. 𝐒𝐞𝐭 𝐅𝐈𝐍𝐀𝐍𝐂𝐈𝐀𝐋 𝐆𝐎𝐀𝐋𝐒
A financial goal is a target to aim for when managing your money. It can involve saving, spending, earning, or even investing. Creating a list of financial goals is vital to creating a budget. When you have a clear picture of what you're aiming for, working towards your target is easy.

𝟐. 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐈𝐍𝐂𝐎𝐌𝐄
Forecasting sales/revenue is an essential tool for managing a business. Accurately forecasting your sales and building a sales plan can help you to avoid unforeseen cash flow problems and manage your production, staff, and financing needs more effectively.

𝟑. 𝐋𝐢𝐬𝐭 𝐫𝐞𝐜𝐮𝐫𝐫𝐢𝐧𝐠 𝐄𝐗𝐏𝐄𝐍𝐒𝐄𝐒 𝐚𝐧𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐜𝐨𝐬𝐭𝐬
Categorizing your expenses will be helpful in keeping your company organized, for budgeting purposes as well as in assessing which expenses can be written off your taxable income at tax time.

𝟒. 𝐏𝐑𝐈𝐎𝐑𝐈𝐓𝐈𝐙𝐄 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬
If you can't pay all your bills at once, think about the order you pay them in. Weigh the risks of not paying each one, then number them in the order you want to pay them, based on priority.

𝟓. 𝐓𝐑𝐀𝐂𝐊 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐚𝐧𝐝 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬
Tracking revenue not only gives you an idea of how much money your company is bringing in and whether it's able to bring in enough money to cover the business' expenses, but it can also help shape your company's goals and help your company make the next steps needed for growth.

𝟔. 𝐔𝐏𝐃𝐀𝐓𝐄 𝐛𝐮𝐝𝐠𝐞𝐭
Compare budgeted to actual amounts and reallocate funds.

Now that you know all these, you can now start and create a budget for your small business. And if you need help, just reach out. I'm here to help. 😊

17/11/2022

𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 is essential to the vitality and long-term success of any small business. Doing it allows business owners to organize, store, and analyze financial information. By using this financial information, they can accurately draw conclusions about the financial security of their business. Below are some of the reasons why Bookkeeping is important for Small Businesses.

𝟏. 𝐄𝐫𝐫𝐨𝐫 𝐚𝐧𝐝 𝐅𝐫𝐚𝐮𝐝 𝐃𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧
Incorrect payments or receipts can be easily detected, saving you from losses due to mistakes and internal fraud.

𝟐. 𝐀𝐜𝐜𝐮𝐫𝐚𝐭𝐞 𝐅𝐢𝐥𝐢𝐧𝐠 𝐨𝐟 𝐓𝐚𝐱 𝐑𝐞𝐭𝐮𝐫𝐧𝐬
As annoying as it is, businesses have to file their taxes at the end of the tax year. With a bookkeeping process in place, you’ll have financial information ready for tax season. Doing bookkeeping properly and regularly helps you file accurate tax returns.

𝟑. 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧
Regardless of what’s going on in your company, the organization of your financial records is key. When it comes time to budget, apply for loans or grants, or see if you’re turning a profit, bookkeeping allows you to find the information you need quickly.

𝟒. 𝐏𝐫𝐨𝐩𝐞𝐫 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐁𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐊𝐞𝐲 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬
You'll have all the financial information required if Bookkeeping is done properly to plan and budget effectively for your business.

𝟓. 𝐖𝐢𝐬𝐞𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬
There are many decisions business owners must make. And, bookkeeping for small businesses makes decisions easier. Having all the information required helps in effective planning and budgeting.

𝟔. 𝐂𝐚𝐬𝐡 𝐒𝐡𝐨𝐫𝐭𝐟𝐚𝐥𝐥 𝐏𝐫𝐞𝐩𝐚𝐫𝐚𝐭𝐢𝐨𝐧
Bookkeeping helps you prepare to tackle potential cash shortfalls expected to arise in the future.

Without business bookkeeping, it’s hard to keep track of your business's financial health. Not to mention, inaccurate reporting or failing to file taxes can lead to penalties and fines.

Need help with your bookkeeping? Please don't hesitate to reach out. Just scan the QR code below or send me a message.

Happy Thursday!

15/11/2022

𝐌𝐨𝐧𝐞𝐲 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 --- love them or hate them, but one thing's certain, the more you stick to your financial habits, the more organized your small business finances will be. There are 𝐟𝐢𝐯𝐞 𝐜𝐨𝐫𝐞 𝐦𝐨𝐧𝐞𝐲 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 that every small business owner should have.

𝟏. 𝐃𝐨 𝐲𝐨𝐮𝐫 𝐛𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐰𝐞𝐞𝐤𝐥𝐲
One of the most important money practices you can adopt is to do your bookkeeping weekly. This would mean logging and categorizing all your financial transactions in your business. You can take an hour each time of your week to do this and see how this greatly impacts your business.

𝟐. 𝐑𝐞𝐯𝐢𝐞𝐰 𝐲𝐨𝐮𝐫 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐦𝐨𝐧𝐭𝐡𝐥𝐲
This money habit is all about running a Profit and Loss report every month. You may want to compare the previous month’s report to the current month’s report and make a comparison. This way you can start to think critically about your business finances.

𝟑. 𝐒𝐚𝐯𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐭𝐚𝐱𝐞𝐬 𝐦𝐨𝐧𝐭𝐡𝐥𝐲
Saving for taxes means putting a percentage of your profits aside for taxes. You do this so that you have money available to cover your estimated tax payments. To save for your taxes, you can transfer 30% of your monthly net income (not gross income) to your tax savings account every month.

𝟒. 𝐏𝐚𝐲 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐞𝐯𝐞𝐫𝐲 𝐦𝐨𝐧𝐭𝐡
Instead of pulling money out of your business whenever you need it, pay yourself a set amount once or twice per month. This creates spending boundaries and stabilizes your cash flow.

𝟓. 𝐂𝐥𝐞𝐚𝐧 𝐮𝐩 𝐲𝐨𝐮𝐫 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐞𝐯𝐞𝐫𝐲 𝐲𝐞𝐚𝐫
At the end of every year, you should perform an in-depth spending audit to reflect on your spending habits. Make a conscious effort to carefully go through your transactions so you'll stop wasting money for another year.

10/11/2022

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐚 𝐬𝐦𝐚𝐥𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐰𝐧𝐞𝐫?

Sharing with you 𝟔 𝐢𝐧𝐝𝐢𝐬𝐩𝐞𝐧𝐬𝐚𝐛𝐥𝐞 𝐰𝐨𝐫𝐝𝐬 to understanding your business finances...

** 𝐆𝐑𝐎𝐒𝐒 𝐈𝐍𝐂𝐎𝐌𝐄
-- Your income BEFORE expenses or taxes;
𝐀𝐥𝐢𝐚𝐬: 𝐑𝐞𝐯𝐞𝐧𝐮𝐞

** 𝐍𝐄𝐓 𝐈𝐍𝐂𝐎𝐌𝐄
-- What your business earned AFTER your expenses;
𝐀𝐥𝐢𝐚𝐬: 𝐏𝐫𝐨𝐟𝐢𝐭

** 𝐄𝐗𝐏𝐄𝐍𝐒𝐄
-- Anything you pay for that is necessary for your business to operate;
𝐀𝐥𝐢𝐚𝐬: 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧, 𝐖𝐫𝐢𝐭𝐞-𝐨𝐟𝐟

** 𝐎𝐖𝐍𝐄𝐑'𝐒 𝐃𝐑𝐀𝐖
-- What you take out of your business for personal use (used for sole proprietors);
𝐀𝐥𝐢𝐚𝐬: 𝐌𝐞𝐦𝐛𝐞𝐫 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 (𝐋𝐋𝐂), 𝐒𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 (𝐒-𝐂𝐎𝐑𝐏)

**𝐋𝐈𝐀𝐁𝐈𝐋𝐈𝐓𝐘
-- Debt that you owe, can be short-term or long-term;
𝐀𝐥𝐢𝐚𝐬: 𝐃𝐞𝐛𝐭, 𝐏𝐚𝐲𝐚𝐛𝐥𝐞

** 𝐑𝐄𝐂𝐄𝐈𝐕𝐀𝐁𝐋𝐄
-- Anything that is owed to you.

And if you need more assistance in understanding your financial statements and numbers, just send me a message. I'd be more than willing to help you out.

Or you can book a FREE consultation by scanning the QR code on the pic.

Have a wonderful Thursday!

08/11/2022

When it comes to your business financials, are you an African grey parrot? 🦜

Or a headless chicken? 🐓

Yes, it’s a silly question 😉 but an important one

It's easy (and common) to back-burner your finances after tax season

But without up-to-date bookkeeping data put in every month, your business financials are as dumb as a headless bird 🐓

Here’s what your business looks like as a “headless chicken”, without monthly bookkeeping:

🐓 𝗟𝗮𝘁𝗲 𝗰𝗹𝗶𝗲𝗻𝘁 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 because your invoicing is inconsistent

🐓 𝗨𝗻𝗵𝗮𝗽𝗽𝘆 𝘃𝗲𝗻𝗱𝗼𝗿𝘀 who get paid late – and won’t be flexible if you wanna negotiate terms later

🐓 𝗠𝗶𝘀𝘀𝗲𝗱 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 because, when a buyer for your company came knocking, your finances were out-of-date

🐓 𝗚𝘂𝗲𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗮𝗻𝘀𝘄𝗲𝗿𝘀 to questions like “Can I afford to hire another employee?" and getting it wrong

🐓 𝗛𝗶𝗴𝗵𝗲𝗿 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀 because you’re paying avoidable fees like overdraft and late fees

Meanwhile, here’s what your business looks like as an African grey parrot (one of the smartest birds around) when you DO keep up with monthly bookkeeping:

🦜 Better cash flow (and profit margin!)

🦜 Data-based strategies, not guesses

🦜 Ready to jump on every opportunity

And – BONUS – none of the “crash diet” stress that comes with catching up on your finances at the last minute for tax season! 😉

Sounds pretty smart to me 🦜

The only difference?

𝘒𝘦𝘦𝘱𝘪𝘯𝘨 𝘶𝘱 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘣𝘰𝘰𝘬𝘬𝘦𝘦𝘱𝘪𝘯𝘨 𝘦𝘷𝘦𝘳𝘺 𝘴𝘪𝘯𝘨𝘭𝘦 𝘮𝘰𝘯𝘵𝘩, 𝘪𝘯𝘴𝘵𝘦𝘢𝘥 𝘰𝘧 𝘱𝘳𝘰𝘤𝘳𝘢𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘯𝘨 𝘶𝘯𝘵𝘪𝘭 𝘵𝘢𝘹 𝘴𝘦𝘢𝘴𝘰𝘯 𝘤𝘰𝘮𝘦𝘴 (𝘢𝘨𝘢𝘪𝘯!)

So if you’re ready to ditch those “headless chicken” ways 🐓

But need a little help keeping up with the smart habit 🦜 of monthly bookkeeping (and all its benefits)

Then just reach out ❤️

This is exactly how I'd love to help you...to have “smart” financials all year round 💯

04/11/2022

𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐞𝐬𝐞 𝟑 𝐭𝐨𝐩 𝐫𝐞𝐚𝐬𝐨𝐧𝐬 𝐰𝐡𝐲 𝐬𝐦𝐚𝐥𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐟𝐚𝐢𝐥?

(1) A whopping 82% (!) of small businesses said they went under because of cash flow problems

(2) 27% of businesses who shut down said that they weren’t able to receive the funding they needed to continue

(3) And 42% of businesses closed down because they couldn’t find a market need for their products or services

𝐆𝐮𝐞𝐬𝐬 𝐰𝐡𝐚𝐭?

𝐀𝐬 𝐚 𝐛𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐞𝐫, 𝐈 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐩𝐫𝐨𝐭𝐞𝐜𝐭 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐞𝐚𝐜𝐡 𝐚𝐧𝐝 𝐞𝐯𝐞𝐫𝐲 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐨𝐬𝐞! 💪

(1) I generate three key business reports every single month – and one of them is always a cash flow report, so you always know where you stand.

(2) A crucial key ingredient for receiving a bank loan or other funding is clean and current financial records – which you’ll always have on-demand with me.

(3) And sometimes, what a business offers is in the right ballpark, but may just be focusing on the wrong revenue streams. And I can help you analyze which of your products and services are most profitable – and in demand! – in your business.

Surprised that a bookkeeper can help with all that?

𝐁𝐞𝐜𝐚𝐮𝐬𝐞 𝐈 𝐜𝐚𝐧 𝐝𝐨 𝐖𝐀𝐘 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐭𝐡𝐚𝐭, 𝐭𝐨𝐨!

And I’d love to start helping you protect and grow your business today, so you can overcome each and every one of those statistical odds!

Just reach out today to get started!

22/09/2022

Did you know that Profit + Loss reports are important for your business *every* month of the year – not just during tax season? 🤔

Here's 5 reasons why a Profit + Loss report is useful year-round 👇

(𝟭) 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗛𝗲𝗹𝗽
Need to apply for a business loan? The bank will ask for it!

(𝟮) 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗳𝗼𝗿 𝗦𝗹𝗼𝘄 𝗦𝗲𝗮𝘀𝗼𝗻𝘀
When you use previous P+L reports to compare years side by side, you can spot patterns. If summer is always your most profitable season, set aside a portion to cover for your slower months in the fall.

(𝟯) 𝗕𝘂𝗱𝗴𝗲𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗕𝗶𝗴 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀
Irregular bills, like annual accountant bills, are easy to forget. When you check last year’s P+L report, you’ll remember the "irregulars" and be able to budget for them.

(𝟰) 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆
Which of your business’ revenue streams is the most profitable? Do you have any expenses that can be eliminated? This report helps you spot those patterns.

(𝟱) 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀
If a buyer wants to purchase your company, they need up-to-date financial reports before they buy!

See?

Profit + Loss Reports - and up-to-date bookkeeping - are valuable tools that can help your business thrive year-round!

(P.S. I also added a helpful link in the comments below if you wanna learn more 👇)

Now - what about you? Do you look at your Profit + Loss reports more than once a year?

And of course, if you ever need help figuring out how to run a Profit + Loss Report for your business (Or even just entering all that necessary data to make the report useful to begin with - !)

Then just reach out – I create and interpret reports like this and I’d love to do the same for you! ❤️

16/09/2022

What accounting method do you use for your business?

Do you know the difference between “accrual” and “cash”?

Their biggest difference is...

Timing! ⏰

📊 In an accrual business, revenue is counted the moment you send an invoice to a client
💵 In a cash business, revenue isn’t counted until their payment for the invoice hits your bank account

It sounds like a small thing – but it actually makes a big difference!

Curious about which one is best for you?

Well, cash accounting might be better for you if:
💵 You have a small simple business with lots of in-bank or cash transactions
💵 You need a clear and easy-to-understand accounting model that you can DIY and handle on your own
💵 You only want your business to be taxed for what’s actually in your bank account (not projected in your books)

However, the more-popular accrual accounting method might be better for you if:
📊 Your business model involves products and inventory
📊 Your invoices (and expenses) aren’t paid right away, and you need to track A/R and A/P
📊 You want a longer-term view of your business's financial health and growth - not just what’s currently in your bank account

So I’m curious – which one is a better fit for your business? And are you already set up with the correct method? I’d love to hear!

And, as always, feel free to reach out if you have any further questions I can help with!

(P.S. Still confused, but want to understand? No worries – I’ve attached a video in the comment section below that breaks it down very clearly and more in-depth. I hope it helps!)

17/06/2021

You may find it difficult to believe but...

YOU ARE AWESOME! Yes, you read that right! You and I are INCREDIBLY AWESOME! WE ALL ARE!

No matter who you are...
No matter what you do...
No matter how hard the struggles and hardships you are going through...

Our BREAKTHROUGH is on its way. So fear not, move forward, learn from your mistakes, and never give up. Above all, TRUST GOD whose plans for your future are filled with hope. (Jeremiah 29:11)

And nowww, let's CELEBRATE who we are!

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