Redmond Accounting Inc

Redmond logo

Bookkeeping

churn and cash flow

Churn and Cash Flow: Financial Metrics Every Subscription Business Should Track

Accounting, Bookkeeping, Uncategorized /

Churn and Cash Flow: Financial Metrics Every Subscription Business Should Track   Subscription businesses have something most companies dream of: predictable revenue. But “predictable” does not mean “guaranteed.” If you have churn creeping up, collections slowing down, or customer acquisition costs rising, your cash flow can start to feel unpredictable fast. The good news is […]

Churn and Cash Flow: Financial Metrics Every Subscription Business Should Track Read More »

The Do's and Don'ts of Using ChatGPT for Accounting

The Do’s and Don’ts of Using ChatGPT for Accounting

Accounting, Accounting Technology, Bookkeeping /

The Do’s and Don’ts of Using ChatGPT for Accounting ChatGPT for accounting, or finance, is being used 32% of the time for factual and how-to guidance. For data transformation and brainstorming “what-if” scenarios, LLMs are great tools. But there is a list of do’s and don’ts that every business owner should read. You may “think”

The Do’s and Don’ts of Using ChatGPT for Accounting Read More »

boardroom with people discussing internal controls

Why Your Virtual Business Needs Strong Internal Controls

Accounting, Bookkeeping /

Here’s Why Your Online Business Needs Strong Internal Controls Internal controls keep big business running, but these same controls are perfect for smaller teams. Too many owners assume that internal controls are only for large corporations, leaving themselves open to fraud and error. Add remote work into the mix or a hybrid option, as 88%

Why Your Virtual Business Needs Strong Internal Controls Read More »

Financial Mistakes

The Top 5 Financial Mistakes Small Businesses Make and How to Avoid Them

Accounting, Bookkeeping, Small Business Accounting, Uncategorized /

The Top 5 Financial Mistakes Small Businesses Make and How to Avoid Them Running a small business is both exciting and demanding. Between acquiring customers, delivering value, and managing operations, many owners underestimate how critical financial management is to long-term success. A few common financial mistakes can easily sink a business, but with awareness and

The Top 5 Financial Mistakes Small Businesses Make and How to Avoid Them Read More »

DIY bookkeeping

7 Signs Your DIY Bookkeeping Is Hurting Your Business (Even If You Think It’s Fine)

Bookkeeping /

7 Ways DIY Bookkeeping is Hurting Your Business Business owners wear many hats, especially in the early days of launching. One of those hats is usually DIY bookkeeping. In fact, over 60% of business owners do their own bookkeeping. At first, it seems easier and more economical to handle the books yourself, and often, it

7 Signs Your DIY Bookkeeping Is Hurting Your Business (Even If You Think It’s Fine) Read More »

Cash Flow vs. Profit

Cash Flow vs. Profit: Why Both Matter for Growing Businesses

Accounting, Bookkeeping, Cloud-based accounting software, Online Accounting, QuickBooks Online Features /

Every successful business owner keeps a close eye on their bottom line, but focusing on profit alone doesn’t always tell the full story. You can show a healthy profit on paper and still struggle to pay the bills. On the flip side, you might have strong cash flow even while posting a short-term loss. Understanding

Cash Flow vs. Profit: Why Both Matter for Growing Businesses Read More »

Financial Checklist

Q4 2025 Financial Checklist: 6 Tasks Every Business Should Tackle Before Year-End

Accounting, Bookkeeping /

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

Q4 2025 Financial Checklist: 6 Tasks Every Business Should Tackle Before Year-End Read More »

recurring revenue

Mastering Recurring Revenue: Setting Up Subscription Billing in QuickBooks

Accounting, Accounting Technology, Bookkeeping, Cloud-based accounting software, Uncategorized, Virtual /

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

Mastering Recurring Revenue: Setting Up Subscription Billing in QuickBooks Read More »