Running a business gets busy, and bookkeeping is often one of those things that gets pushed to the side. Even when your books look okay at first glance, there can be issues hiding behind the numbers. Incorrect balances, uncategorized transactions, payment processor problems, and old invoices can all affect how accurate your financial reports really are. Here are five signs your books may be due for a clean up. 1. Your bank balance doesn’t match your bookkeeping software The b

As year-end gets closer, you may start hearing that it’s time to make business purchases before December 31 so you can get the tax deduction. But spending money just to get a deduction doesn’t automatically make it a smart business decision. Before you buy new equipment, sign up for another piece of software, or finally order that new office furniture, take a look at your numbers first. Here are a few things to consider. Buy something your business actually needs. If you were

You may have heard about changes to 1099 reporting requirements. Here’s what to know as you keep your books in order for 2026. Pay independent contractors? For payments made in 2026, the 1099-NEC reporting threshold generally increases from $600 to $2,000 per person or business for the year. Have rent or other miscellaneous payments? Certain 1099-MISC thresholds also increase to $2,000 in 2026, including rents, prizes, and awards. But not every threshold is changing. Royaltie

Q4 has a way of sneaking up on us. Suddenly, there are only a few months left in the year and you’re wondering where the time went. But there’s still plenty of time to make meaningful changes in your business before year end. The best place to start? Your numbers. Look at where you are now Pull your year-to-date Profit & Loss and take a look at your revenue, expenses, and profit. Are you where you expected to be at this point in the year? Maybe revenue is up, but expenses hav

Key Actions September is a good time to check in on your finances before we head into the final few months of the year. A little planning now can make Q4, and eventually year-end, feel a whole lot more manageable. Here are a few things to focus on this month: Take a look at your year-to-date numbers. Review your revenue, expenses, profit, and cash flow to see where your business actually stands. Make sure your bookkeeping is caught up and reconciled. It’s much easier to make

As summer begins to wind down, now is a great time to check in on your bookkeeping before the busy fall season arrives. It's much easier to catch small issues now than to spend hours untangling them later. Taking a little time to review your books can help you head into the rest of the year feeling organized, confident, and prepared. Here are a few questions to ask yourself: Are your books up to date? If you're several weeks - or even months (or years!) - behind, don't worry.

As your business grows, your bookkeeping should grow with it. What worked when you first started your business may not be the best fit today. Over time, your business changes, new services are added, expenses evolve, and your financial reporting needs become more important. That's why it's a good idea to check in on your bookkeeping system every so often. Here are a few questions to ask yourself: Is your bookkeeping software set up for your business today? Whether you use Qui

When you're busy running a business, it's easy for subscriptions, software, and everyday purchases to add up without much thought. The good news? You don't need to overhaul your entire budget. Setting aside just a little time each month to review your expenses can help you stay in control, make more confident decisions, and keep more money in your business. Here are a few simple things to review each month: Review your bank and credit card transactions. Look through your rece

Key Actions August is a great time to pause, get organized, and make sure your finances are setting you up for a strong finish to the year. As summer winds down and the busy fall season approaches, spending a little time on your books now can save you a lot of stress later. Here are a few things to fo cus on this month: Review your year-to-date financial reports. Take a look at your Profit & Loss, Balance Sheet, and cash flow to see how your business is really performing. Mak