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Wize Consulting

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United States
Glendale, AZ
Wize Consulting

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Providing bookkeeping services to entrepreneurs and small to mid-sized businesses.

I save you time and give you financial data that enables you to focus on what really matters most, your business.

10/16/2026

Friday’s Weekly Wrap-Up

Don’t spend January fixing what you can address in October.
All week we’ve been talking about preparing your bookkeeping for tax season.

The biggest takeaway?
Tax season preparation shouldn’t begin when your tax preparer asks for your financial records.

Before the year ends, take time to:
　• Catch up on missing bookkeeping
　• Reconcile your financial accounts
　• Review income and expense categories
　• Organize receipts and supporting documents
　• Identify outstanding bookkeeping questions

You still have time to make progress before December 31.
Whether your books need a little attention or several months of catch-up work, getting started now can make a difference.
Wize Consulting offers monthly bookkeeping, catch-up and clean-up services, and financial reporting to help small-business owners stay organized.

Let’s get your books ready before tax season arrives!

Wize Consulting
We handle the books, you handle the business!

10/15/2026

Thursday’s Know Your Numbers

What will your tax preparer need from your books?

As tax season approaches, one of the most valuable things you can provide your CPA or tax preparer is a complete and accurate set of financial records.
Depending on your business, those records may include:
• Profit & Loss Statement showing income and expenses
• Balance Sheet showing assets, liabilities, and equity
• Reconciled bank and credit card accounts
• Records of equipment purchases, loans, and owner transactions
• Payroll information and supporting documentation
Your tax preparer may request additional information based on your business structure and tax situation.

Remember, your bookkeeper and tax preparer serve different purposes.
Bookkeeping helps maintain accurate records throughout the year. Tax preparation uses those records to determine and report your tax obligations.
The better your records, the smoother that handoff can be.

Wize Consulting
We handle the books, you handle the business!

10/13/2026

Tuesday’s Bookkeeping Tip

Tax season is coming. Are your books ready?

We’re already in October, and before you know it, 2026 will be behind us.
If you’re a business owner, now is the time to start reviewing your financial records instead of waiting until January.

Ask yourself:
• Are all my business transactions recorded?
• Have my bank and credit card accounts been reconciled?
• Do I have receipts and documentation for business purchases?
• Are there months of bookkeeping that still need attention?

Waiting until tax season to address these issues can create unnecessary stress, delays, and additional expenses.
Your tax preparer needs accurate financial information. That’s where good bookkeeping comes in.

Don’t wait until the year ends to get started.

Wize Consulting
We handle the books, you handle the business!

10/02/2026

Friday’s Weekly Wrap-Up

Your books tell the full story.

All week we’ve been answering one question:
“I made money… so where did all the cash go?”

Your Profit & Loss is important, but it doesn’t explain every dollar that moves in and out of your bank account.

This week we saw how cash can be affected by:
• Operating expenses: The everyday costs of running your business
• Loan payments: Principal reduces what you owe while interest is generally an expense
• Equipment purchases: Cash leaves now, even though the purchase may be recorded as an asset
• Owner withdrawals: Cash leaves the business without becoming a business expense

That’s why simply looking at your bank balance, or even looking only at your P&L, doesn’t always give you the complete picture.
Good bookkeeping connects the pieces.
When your books are accurate and current, you can understand not only whether your business made money, but where that money went.

Need help making sense of your numbers? That’s what Wize Consulting is here for.

Wize Consulting
We handle the books, you handle the business!

10/01/2026

Thursday’s Know Your Numbers

Owner withdrawals can reduce your cash without reducing your profit.
You’ve been working hard, the business has money in the bank, and you take some of that money out for yourself.
The cash is definitely gone from the business account, but that doesn’t automatically make it a business expense.
Depending on your business structure, money taken by an owner may be recorded as an owner’s draw or another type of equity transaction rather than an expense on the Profit & Loss.

For example, if you withdraw $1,000:
• $1,000 leaves the business bank account
• The business has $1,000 less cash
• It generally isn’t recorded as an operating expense
• It therefore doesn’t reduce profit the way an ordinary business expense would
That’s another reason your bank balance and your profit aren’t the same thing.

So when you ask:
“Where did my money go?”

Sometimes the answer is simple:
You took it out of the business.

Wize Consulting
We handle the books, you handle the business!

09/30/2026

Wednesday’s Business Insight

Buying equipment uses cash; but it may not all show up as an expense right away.

Let’s say your business buys a new computer, printer, piece of machinery, or other equipment. The money leaves your bank account immediately, but depending on the purchase and how it’s treated for accounting and tax purposes, the entire cost may not appear as an expense on your Profit & Loss at that time. Instead, the purchase may be recorded as an asset on your Balance Sheet, with its cost recognized over time through depreciation.
That means:
• Cash went down
• Your business gained an asset
• The full purchase may not reduce your profit immediately
• Your P&L and bank balance can tell two different parts of the story

So if you spent $5,000 on equipment, you definitely used $5,000 of cash, even if your P&L doesn’t show a $5,000 equipment expense.

Another answer to this week’s question:

“Where did my money go?”

Sometimes, it went toward building the business.

Wize Consulting
We handle the books, you handle the business!

09/29/2026

Tuesday’s Bookkeeping Tip

Loan payments aren’t all the same.

When your business makes a loan payment, the entire payment reduces the cash in your bank account, but the entire amount generally isn’t an expense on your Profit & Loss.

A typical loan payment includes:

• Principal: reduces the amount your business owes on the loan.
• Interest: generally recorded as an expense on your Profit & Loss.

For example, if your business makes a $1,000 loan payment:
• $700 might reduce the loan principal
• $300 might be interest expense
• The full $1,000 still leaves your bank account

That’s another reason you can show a profit on your P&L and still wonder:

“Where did all my cash go?”

Understanding where the money went requires looking beyond expenses alone.

Wize Consulting
We handle the books, you handle the business!

09/28/2026

Monday’s Question of the Week

“I made money this month, so where did all the cash go?”

Your Profit & Loss may show that your business made a profit, but when you look at the bank account, you might be wondering where that money went.
That’s because profit and cash aren’t the same thing.

Cash can leave your business in several ways:
• Operating expenses
• Loan payments
• Equipment or other asset purchases
• Owner withdrawals
• Payroll
• Sales tax and other obligations

Some of those reduce your profit, while others may reduce your cash without reducing your profit in the same way.
So when your P&L says you made money but your bank balance doesn’t seem to agree, don’t automatically assume something is wrong.

The better question is, “Where did the cash go?”

That’s what we’re breaking down this week.

Wize Consulting
We handle the books, you handle the business!

09/25/2026

Friday’s Weekly Wrap-Up

Clean separation. Clearer books.

This week, we talked about keeping business money and personal money separate and how one simple habit can make a big difference in your bookkeeping.

Separate finances can mean:

-A clearer picture of how your business is performing
-Less time sorting through transactions
-Cleaner, more accurate records
-Better information for your CPA or tax preparer
-More confidence when making business decisions

And remember: if a personal expense accidentally gets paid from the business account, don’t hide it or delete it. Record it appropriately and keep moving forward.

Your business numbers should tell the story of your business; not your business mixed with your personal life.

-Wize Consulting
We handle the books, you handle the business!

09/24/2026

Thursday: Common Mistake

“I paid a personal bill from my business account. Now what?”

First, don’t delete the transaction. It happened, so your books should reflect it.

Instead:
-Identify the transaction
-Confirm that it was personal
-Record it appropriately based on your business structure
-Move forward and work on keeping business and personal spending separate

One accidental personal purchase from your business account doesn’t mean your books are ruined. The important thing is recognizing it and recording it correctly instead of treating it like a business expense.

Accurate books aren’t about pretending mistakes never happen. They’re about maintaining an accurate record of what actually happened.

-Wize Consulting
We handle the books, you handle the business!

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Glendale, AZ

Telephone

+16238503331

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