How to work with customer prepayments (includes guide)
If you are in the practice of accepting customer prepayments, retainers, or deposits on signing (which you should–a topic for another time), then it’s important to get the accounting right. It’s possible to accidentally double-report income and pay too much tax, and it’s also possible to under-report income and pay too little tax until audited. Continue reading “How to work with customer prepayments (includes guide)”
Is your bookkeeper good?
Take a look at the two bookkeepers above.
Who is the better bookkeeper? Continue reading “Is your bookkeeper good?”
How to make a budget
An important task every business owner needs to do is to budget. This video explains why in more detail and then outlines two basic ways to create a budget.
Continue reading “How to make a budget”