business

Many Small Business Owners overlook this step. Understandable, as sometimes this is due to Cash Flow limitations as the business is just getting set up. While the Owner is [...]

How will your Clients/ Customers pay you? What Method of Payment will you accept: Cash, Check, Credit Cards, ACH or Online payments? Cash is nice, but, depending on your type [...]

How often will your clients/ customers pay you? Depending on the type of service or product you sell you will need to determine if you need to charge a deposit, or if you [...]

The Products and/ or Services list are what you offer to your Clients / Customers. This is what you sell, and what will generate the income for your Business. The items that [...]

Just as with Vendors, it is important to set up your Clients/ Customers in your Accounting Software. These are the ones that you will receive money from: they make up your [...]

Now that the Vendors are set up in your Accounting Software, it is important to decide when and how often you will pay them. A payables schedule is a set day that you will [...]

Vendors are the companies or people you buy from, the ones you pay. Vendors are NOT items or services. Items or services that Vendors provide are coded on your Chart of [...]

You have decided that 2020 is the year you are DOING IT, you are starting your OWN BUSINESS in 2020. It’s EXCITING, isn’t it? You’re going to be your OWN [...]

It’s that time of the year, and small business owners everywhere are frantically putting records together and digging up receipts. Even though many of you hire tax [...]

Not saving your receipts may be a mistake. The  IRS‬ does not require receipts for less than $75.00. And even though it might seem more of an inconvenience to try to save [...]