Inventory Accounting Basic Principals
Do you understand your inventory transactions? When you purchase an item to be resold, technically you are creating an expense (money has...
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Ashley Hutchens
Sep 5, 20231 min read
Inventory Management
Keeping track of your stock and supplies is crucial to ensuring smooth operations. It helps you avoid stockouts, optimize storage space,...
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Ashley Hutchens
Aug 20, 20231 min read
What is Sales Tax Nexus?
Sales Tax Nexus refers to the presence that a business has in a particular state, which can impact the business’s tax obligations....
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Ashley Hutchens
Jul 15, 20231 min read
ECommerce and Bookkeeping: A Wonderful Partnership
Shout out to all the Ecommerce business owners out there, buying and selling goods and services over the internet! I know you are busy....
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Ashley Hutchens
Jun 8, 20231 min read
How Do You Track Receipts?
Are you making it harder than it needs to be? Tracking receipts is an important aspect in your small business, but did you know that the...
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Ashley Hutchens
May 3, 20231 min read
Can AI do my Bookkeeping?
Have you asked ChatGPT? I did! Answer: AI can help with many aspects of bookkeeping. It can also help with more complex bookkeeping...
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Ashley Hutchens
Apr 8, 20231 min read
Why do I need a CPA and a Bookkeeper?
The short answer: Most of the time, CPAs do not want to do bookkeeping. Certified Public Accountants (CPA) specialty is Tax Law, Tax...
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Ashley Hutchens
Mar 5, 20232 min read
HOW TO PAY YOURSELF FROM AN LLC
There are four main ways you can receive payments from your LLC. 1. W-2 Employee One method to receive payment is to treat yourself...
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Ashley Hutchens
Feb 2, 20232 min read
What You Need to Know about PayPal and Venmo
Everyone is using peer-to-peer (P2P) payment apps now, both personally and for collecting payments for your business. The convenience and...
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Ashley Hutchens
Jan 3, 20232 min read
TIPS FOR INCREASING CASH FLOW
There are a number of tips for managing cash flow for your small business. Here are a few to consider, but first I highly recommend you...
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Ashley Hutchens
Dec 9, 20222 min read
Statement of Cash Flows
Last month, I discussed the three key business reports to review each month. If you are not familiar with those three reports, go back...
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Ashley Hutchens
Nov 1, 20221 min read
Do you have these 3 key business reports?
How do your financial statements tie in with one another? At a minimum, every business should have a Balance Sheet, an Income Statement...
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Ashley Hutchens
Sep 22, 20221 min read
End-of-Year Tax Reminders
With year-end approaching faster than we care to admit, it's important that we fellow business owners have a plan. Specifically, a plan...
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