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Remember when you could borrow money without wincing at the interest rate? Yeah, those days are gone. If you’ve been running a business for more than a couple of years, you’ve probably noticed your monthly loan payments creeping up like an unwelcome houseguest who keeps extending their stay. And if you’re thinking about taking out…

Look, nobody starts a business because they’re passionate about balance sheets. You probably started yours because you’re great at what you do. Maybe you’re a brilliant designer, a skilled tradesperson, or someone who spotted a gap in the market and decided to fill it. The dream was about building something meaningful, serving customers, and yes,…

Your first year of business feels strangely manageable when it comes to bookkeeping. Transactions are fewer. Categories feel intuitive enough. Your spreadsheet behaves. And even though you sometimes forget to log a receipt until days later, it somehow still works out. You feel organized (or organized-ish), and the entire financial side of the business seems…

Ask almost any small business owner what keeps them up at night, and taxes will probably make the list. Not just paying them, but the haunting possibility of an audit. Yet, here’s the truth that rarely gets said out loud: most small businesses have far less to fear from the IRS than they think. The…

As an Amazon seller, managing refunds and returns is part of the business. However, when it comes to bookkeeping, these transactions can become tricky. It’s important to track these adjustments accurately to ensure your financial records are spot-on. Whether you’re dealing with a return due to customer dissatisfaction or processing a refund for an order…

Keeping track of Amazon seller transactions can quickly become overwhelming, especially when you’re managing multiple sales, returns, and expenses. Understanding how to categorize these transactions correctly is key to staying organized, ensuring accurate financial records, and maintaining compliance with tax laws. In this article, we’ll walk you through the best practices for tracking and categorizing…

Running a small business is no small feat. You juggle customers, manage employees, and oversee day-to-day operations—all while keeping an eye on the bottom line. While it may not be the most glamorous part of running a business, good accounting practices are essential for success. From tracking cash flow to preparing for tax season, understanding…

Running a franchise presents a unique set of challenges, and bookkeeping is high on that list. Whether you’re an owner, operator, or just getting started, keeping track of your finances is essential to running a successful business. Franchise bookkeeping may have nuances distinct from other businesses, primarily because it needs to balance the requirements set…

In the summer of 2000, I was working at a consulting firm called Alitum. I had just graduated from the MBA program at SDSU with an emphasis in entrepreneurship. I had been part of a startup as well for the last year but that had come to an end without raising money aside from what…