Here’s a little behind-the-scenes info on how QuickBooks Online works on the accountant side: We can find out your transaction volume in a few mouse clicks. I don’t know why they didn’t make this feature available for all users, but at the time of this writing, only accountant users can… Read More »How to Estimate Transaction Volume in QuickBooks Online
In your daily operations, your P&L (Profit and Loss Statement) gives you a lot of insight into how your small business is running. I want to introduce you to the Balance Sheet – another very important report that you should be looking at monthly. The Balance Sheet shows how much… Read More »Assets and Liabilities and Owner’s Equity, Oh My!
The P&L: The pièce de résistance of small business financial statements. (That’s about the only time you’ll see me speaking French, by the way.) Also known as the Income Statement or Profit and Loss, the P&L is THE report you need to be running each month to see how your… Read More »Decoding Your Small Business’ P&L
Congratulations are in order! You’ve decided to start a business and are determined to make it happen. The statistics on small business ownership can be discouraging, but entrepreneurs who get set up correctly and understand the challenges they may have to overcome in the process of getting established are the… Read More »Starting a Business in Florida
Nonprofits are a whole different animal when it comes to accounting. In some ways, this can be easier, but there are other aspects that can prove more challenging. Getting the accounting system for your nonprofit set up correctly is the best way to start off on the right foot as… Read More »Setting Up QuickBooks Online for Nonprofits
What are your options for hiring a bookkeeper? Let’s look at the three main methods of engaging someone to handle your books: hiring an employee to work in-house, hiring a small business such as Six Arrows, or outsourcing to a large accounting firm. Which one will get you the best… Read More »Considerations for Hiring a Bookkeeper
Food establishments are a beast of their own when it comes to operations, and catering companies and private chef businesses are no exception to that! Rising food prices must always be considered, as well as higher turnover for your workers which leads to increased labor costs. That said, you are… Read More »Accounting for Caterers and Private Chefs
Dance lessons…they’re almost a right of passage for little girls as they’re growing up. Some students become more serious and dedicate themselves to their chosen discipline through high school and into adulthood. And some may go on to make a career out of it as performers or even become teachers… Read More »Dance Studio Accounting
As a fitness center owner, your facility is most likely using newer tech to streamline enrollment, invoice your members, schedule classes, get members checked in, and even get statistics on churn, length of membership and more. While gym management software and practical hardware such as check-in kiosks have become more… Read More »Accounting for Your Gym or Fitness Center
Tanning salon owners face an evolving customer landscape as more information comes out about health and beauty. While a great many traditional tanning salons do still exist, there’s an ever-growing number of salons offering “sunless” non-UV options as well as additional services that complement tanning. There is space for all… Read More »Tanning Salon Accounting