the JOURNAL

the JOURNAL

The best educational content to grow your business and increase your profits for business owners, CEOs and entrepreneurs.

BOOKKEEPING, QUICKBOOKS Amy Coats BOOKKEEPING, QUICKBOOKS Amy Coats

The Essential Guide to Monthly Account Reconciliation for Business Owners

You KNOW you should be reconciling your accounts every month, but you might not know exactly what that means…

📌 Save this step-by-step guide to refer back to at month-end to lead you through the account reconciling process.

If you’re WAY overdue on reconciling (I’m talking a few months or more) it’s time to think about hiring a bookkeeper. If you’re going to wake up panicking about your business in the middle of the night, don’t let it be over your bookkeeping!

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BOOKKEEPING Amy Coats BOOKKEEPING Amy Coats

The Essential Role of Bookkeeping in Every Business's Success

Discover why bookkeeping is vital for every business, from ensuring accurate financial records to facilitating informed decisions and attracting investors. Learn how professional bookkeeping can streamline tax filing, enhance financial planning, and drive business growth. Connect with us as a QuickBooks ProAdvisor to learn more about monthly bookkeeping and catch-up and clean-up services.

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BOOKKEEPING, TAXES Amy Coats BOOKKEEPING, TAXES Amy Coats

Navigating Tax Extensions: A Guide to Making the Right Choice

Tax time doesn't have to be a scramble. As a leading QuickBooks bookkeeper and certified QuickBooks ProAdvisor, we specialize in comprehensive bookkeeping and accounting services tailored for small to mid-sized businesses and entrepreneurs. Skilled in catch up and clean up bookkeeping, we excel in maintaining accurate financial records, making us your go-to bookkeeping company for customized, profit driven accounting solutions. We make tax season a breeze for our clients!

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GROW YOUR BUSINESS Amy Coats GROW YOUR BUSINESS Amy Coats

Taming the Financial Mane: Top 5 Challenges for Hair Salons & How to Overcome Them

As a hair salon or aesthetic practice owner, chances are you’ve come to terms with the fact that taming the financial mane comes with its own unique set of challenges. From inconsistent cash flow to keeping up with modernizing technology while staying compliant - there’s no one-size-fits-all approach when it comes to managing your business effectively. Whether you’re looking into expanding services and hiring new employees, or simply just trying to understand how best to manage finances in your current operation – having an understanding of how other businesses have encountered and overcome similar obstacles can be invaluable for making informed decisions about your enterprise. In this blog post, we'll take a look at 5 common financial issue topics faced by salon owners today and ideas on how they might tackle each one!

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BOOKKEEPING Amy Coats BOOKKEEPING Amy Coats

How to Choose the Right Bookkeeper for Your Small Business: A Step-by-Step Guide

As a business owner, you have a lot on your plate. You’re responsible for managing the day-to-day operations of your company, developing and implementing growth strategies, and making sure your employees are happy and productive. With so much going on, it can be easy to overlook one of the most critical aspects of your business: your finances.

That’s where a bookkeeper comes in. A bookkeeper is a professional who specializes in maintaining accurate financial records for businesses. They can help you keep your books organized and up-to-date, which is essential for making informed decisions about your business’s financial health.

If you’re considering hiring a bookkeeper for your growing business, here’s everything you need to know.

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BOOKKEEPING Amy Coats BOOKKEEPING Amy Coats

Unlocking the Benefits of a Virtual CFO

When it comes to running a successful business, having the right financial support and guidance is essential. A virtual CFO (Chief Financial Officer) can bring just that. A virtual CFO is an experienced finance professional who provides financial services on a part-time or contract basis without ever needing to be present in your office. They are able to provide strategic advice, streamlined processes, cost savings, and more - all with the added benefit of flexibility and convenience.

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GROW YOUR BUSINESS Amy Coats GROW YOUR BUSINESS Amy Coats

Start the New Year off Right with a Financial Plan

The beginning of the year is an excellent time to focus on your business’s financials. It’s important to reflect on the past year and set goals, strategies, and action plans for the upcoming one. Analyzing financial reports, creating effective marketing schedules, collecting receivable payments, assessing employee engagement levels, and planning ahead for infrastructure needs can help ensure that your business is successful. Let’s take a closer look at what should be done when it comes to finances before you launch into the new year.

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GROW YOUR BUSINESS Amy Coats GROW YOUR BUSINESS Amy Coats

The High Risk of Business Ownership: Why 1 in 12 Businesses Close Every Year

Starting a business is one of the most rewarding yet challenging experiences a person can have. But it’s no secret that the odds are stacked against entrepreneurs. According to research, nearly one in every twelve businesses close each year due to an array of factors. From insufficient capital to lack of customer traction, there are numerous reasons why a business may not make it. So, let’s take a look at some of the major factors that can cause your business to fail and strategies for mitigating risk and ensuring success.

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GROW YOUR BUSINESS Amy Coats GROW YOUR BUSINESS Amy Coats

Identifying and Monitoring Your Business Drivers + KPIs

Knowing your business drivers and key performance indicators (KPIs) is essential for any entrepreneur or business owner. Business drivers are the factors which determine the success of a company. They can be both internal, such as sales, cash flow, employee retention, and client retention; or external, such as market conditions or customer demand. Key Performance Indicators (KPIs) are actionable metrics that measure progress towards goals related to each driver. In other words, they show how well your company is doing at achieving its objectives. Having the right KPIs in place allows you to track your performance over time and make adjustments as needed to ensure continued success. Let’s look at some of the ways you can identify and monitor these important business drivers and KPIs.

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BOOKKEEPING, GROW YOUR BUSINESS Amy Coats BOOKKEEPING, GROW YOUR BUSINESS Amy Coats

Outsourced Accounting Services: An Essential Investment for Small Businesses

For small businesses, the challenge of staying afloat in a competitive market can be daunting. With limited resources and time, it can be difficult to keep up with the demands of running a business while still having enough energy to focus on growth and success. Investing in outsourced accounting services is one way small businesses can gain a significant advantage over their competition. Let’s take a look at what outsourced accounting services are, why they are important for small businesses, and how to choose the right service provider for your needs.

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