Small Business

PPP Loan Forgiveness <$50K

October 21, 2020 | 0 Comments

Small Business Owners: If your Paycheck Protection Loan amount is less than $50,000, the Small Business Administration has a new form: [...]

Step 11: Paying Yourself

December 14, 2019 | 0 Comments

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 [...]

Step 8: Set Up the Products / Service list

December 14, 2019 | 0 Comments

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 [...]

Step 7: Set up your Clients/Customers.

December 14, 2019 | 0 Comments

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 [...]

Step 6: Accounts Payable Schedule

December 14, 2019 | 0 Comments

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 [...]

Step 5: Set up your Vendor accounts.

December 14, 2019 | 0 Comments

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 [...]

Step 4: Keep Your Personal Finances Separate

December 14, 2019 | 0 Comments

How much are you planning to invest in your new company? If you are using personal funds, you will need to make sure they are recorded correctly. Doing this will save you a [...]
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