Boro Bookkeeping

06/29/2021

3 simple bookkeeping tips for small business owners:

1. If your business is an LLC, you are legally required to have a bank account dedicated specifically to that business. Mixing your personal and business accounts makes it difficult to track income and expenses and can cause trouble if the IRS was to ever audit your business. So if your business doesn't have its own dedicated bank account, get that taken care of ASAP.

2. Use and accounting software. Excel spreadsheets can be helpful but when you are trying to track your business's finances, project future income, or look at past financial data to identify trends, excel spreadsheets will not tell you what you need to know. There is also so much room for manual error that you'll just end up spending more time on it than you need and you'll never feel fully confident with the information it gives you.

3. Commit to weekly bookkeeping practices. Dedicating time each week to work on your business's books will help you understand where your business stands financially which in turn will help you make informed decisions.

And if you practice those three simple tips and still feel overwhelmed, reach out to a professional bookkeeper. They are there to help you!

06/25/2021

What is a bookkeeper?

If you asked my niece, she would say a librarian!

A bookkeeper is a professional who helps businesses keep their finances in order.

What does that look like? Well, bookkeepers can:

✅Complete data entry for bank accounts
✅Maintain financial records for accuracy
✅Reconcile any discrepancies on financial reports
✅Generate financial reports such as balance sheet, statement of
cash flow, and profit and loss so business owners can make
better budgets and plan for the future
✅Help track inventory and pay invoices for inventory orders and
bills
✅Complete payroll
✅Give you hours of your week back so you can work your
business or spend extra time with friends and family!

Now if only I could figure out a way to explain all that to my niece!

06/24/2021

A Thursday seems like a good day for an introduction:

Hey there...I'm Rebekah Baker and I'm the owner of Boro Bookkeeping. I live in the heart of Tennessee with my husband, three kids, two dogs, and three cats! (I am currently trying to convince my husband to buy some chickens but I'm proving unsuccessful!) I have a degree in Education and have been in the education world for the last 16 years. Starting Boro Bookkeeping allows me to take my love of teaching and move it into the business world as I help small business owners understand the financial story of their business.

I have always dreamed of owning a small business and I am so thrilled that I have started a business whose main purpose is to help other small businesses grow and thrive! Most people start their business because of a dream, passion, or skill but they quickly become overwhelmed with all the details that go into tracking and keeping up with all the financial details needed to keep their business running. That's where Boro Bookkeeping comes to the rescue. We help you manage the financial details of your business so you can spend more time doing what you love.

If your a small business owner and your feeling overwhelmed, I'd love to start a conversation about how Boro Bookkeeping might be able to help you.

01/13/2021

We can help you track your cash flow so you don't become part of the statistic.

01/12/2021

At Boro Bookkeeping we are all about small businesses. We feel they are vital to the success of a city. What's your favorite small business? Where ever you live, where is that local place that you keep going back to because you love it so much? Tells us in the comments below. Maybe we'll all discover a new favorite place!

By far, my favorite place for date night is The Alley on Main. If you go, get the Alley Sammie sandwich and enjoy a Bluegrass Mule. You will thank me!
https://www.facebook.com/thealleyonmain

The Alley is a steak and seafood house in downtown Murfreesboro. We pride ourselves on our scratch kitchen, craft cocktails, and excellent service. Perfect for date night or any night!

01/11/2021

For most small businesses it's that time of year to begin closing your books so you can be prepared for tax time. Don't know where to start? Here is a great article to help you with your year end accounting.

Our free year-end accounting checklist and step-by-step guide can help your small business easily close the books at the accounting year's end.

01/04/2021

We are a virtual bookkeeping business located in the heart of Tennessee but can serve businesses all across the country. We take the stress off of business owners by recording and maintaining their day to day financial transactions. They keep their sanity and we keep their books.