The Hidden Costs of DIY Bookkeeping for SMBs Nearly half of business owners do their own finances and bookkeeping. For many, it’s not a passion for finances that drives them to take the DIY path; it’s the desire to save on costs. But are you really saving money when you manage your own books? The […]
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Q4 2025 Financial Checklist: 6 Tasks Every Business Should Tackle Before Year-End Can you believe it? It seems like yesterday you were spring cleaning your finances, and today, we’re talking about an end-of-year financial checklist. What you do today to close out the year strong will help guide you in 2026. We have a lot
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Recurring revenue is the lifeblood of subscription-based businesses. Whether you’re running a SaaS company, a membership program, or a service with monthly retainers, predictable income brings stability and growth potential. But recurring revenue also requires careful tracking, accurate forecasting, and streamlined billing processes. QuickBooks Online (QBO) offers the tools to handle subscription billing effectively, helping
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How to Spot Cash Flow Problems and Fix Them Struggling with your cash flow? You’re not alone. An estimated 60% of business owners have cash flow problems. The truth is that the majority of business owners will face this dilemma at some point. It’s how you react and adapt that matters. Knowing the early warning
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After reconciling your bank, credit card, Accounts Receivable, and Accounts Payable balances, you might think your Balance Sheet is finally wrapped up. But if your company tracks inventory, there’s another critical step before you can close the books: Reviewing Inventory in QuickBooks Online. Inventory is one of the trickiest areas of accounting. It affects not
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Once the bank and credit card accounts are reconciled, many people think the hard work is done. But if you stop there, you could still be leaving big gaps in your financial records. Reconciling the bank is only the beginning of closing the books. The next step in your checklist is to work through the
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What Founders Must Know About Investor Due Diligence Founders raise capital to help fuel product development, scale operations, attract talent and even gain a competitive advantage in the market. Average seed investment rounds are $3 million, but intense due diligence takes place from: Founders Investors Investors will assess the company, market traction, product and other
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You’ve made it to the $0.00 difference on your reconciliation screen in QuickBooks Online. That green checkmark is tempting. But before you click Finish now, there’s one more step you can’t afford to skip: reviewing your open items. Open items are the remaining transactions that haven’t been checked off as cleared during the reconciliation. Even
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Troubleshooting Reconciling in QuickBooks Online: A Guide to Getting That $0.00 Difference Reconciling your bank or credit card accounts in QuickBooks Online (QBO) is a key part of closing your books and ensuring accuracy. But what happens when the numbers don’t line up? One of the most common challenges is troubleshooting the current reconciling
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Accounting for Pro Bono Expenses and Discounted Legal Services Over the course of an attorney’s career, there’s a 75% chance that they’ll offer some form of pro bono legal services. You may or may not fall into this category, but if you do, you’ll know that there are still some expenses you incur. Traveling costs,
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