Cash flow management involves monitoring, analyzing, and optimizing the net amount of cash receipts minus cash expenses. This management is essential because it helps startups maintain enough liquidity to keep operations running smoothly without hitting any financial hiccups. Startups often face unique challenges when it comes to cash flow. They typically operate with tight budgets … Read more
✅ Misclassifying expenses (e.g., lumping everything under “Office Supplies”) can:
QuickBooks users: when you see transactions labeled as ‘Uncategorized Expense’ or ‘Uncategorized Income,’ that’s your cue to dig in. Leaving them there means your reports are off, and so are your decisions. Tip: Set a weekly 10-minute reminder to review and categorize them properly. You’ll thank yourself at month-end.
If you’re running a small business and using one bank account for both personal and business expenses—here’s your gentle reminder to stop. It doesn’t just make tax time harder, it clouds your view of your cash flow. Set up a dedicated business checking account and route all income and expenses through it. Cleaner books, better … Read more
Keeping your bookkeeping organized doesn’t have to be overwhelming, but it needs consistency. Setting aside time each week to handle a few essential tasks can prevent costly mistakes, missed deductions, and end-of-year chaos. Here are the core bookkeeping tasks every business should do weekly to stay on track. Review and Categorize Transactions Review all transactions … Read more
Keeping your books organized every month helps you avoid mistakes, stay on top of your finances, and be ready when tax time rolls around. Whether you’re just getting started with bookkeeping or looking to tighten up your current process, this checklist gives you the key tasks to cover each month to keep your business on … Read more