A good bank balance and a bad tax surprise can happen in the same year, to the same business. That's not bad luck — it's a sign that one or more pieces of a basic bookkeeping checklist are missing. Here's the short version: a Small Business Bookkeeping Checklist should include four essential things, no matter the size of your business, the industry, or who's doing the books. Monthly reconciliation. Quarterly tax projections. A year-end review in November or December. And a re

Difference Between Bookkeeping and Recordkeeping Most business owners think they are doing their bookkeeping. What they are actually doing is recordkeeping. The difference between bookkeeping and recordkeeping is the difference between saving paper and knowing what the paper means. One keeps you out of trouble. The other tells you how your business is doing. Here is what separates them. What is recordkeeping? Recordkeeping is saving and storing the documents that prove mo

Running a business can feel lonely. You make decisions about money, taxes, employees, customers, growth, and risk. That is a lot for one person to carry. A Board of Advisors can help. A Board of Advisors is a group of trusted people who help guide your business. They can give advice, share ideas, ask good questions, and help you make better choices. This strategy is not just for large companies. Small businesses, contractors, service businesses, consultants, family-owned busi