QuickBooks Mistake #3: Understanding Undeposited Funds (And How to Avoid Duplicate Income)
If you’ve ever opened Undeposited Funds in QuickBooks Online and wondered why there’s a balance sitting there that you can’t explain, you’re not alone. One of the most common questions I hear from business owners is: “What is Undeposited Funds in QuickBooks Online, and why won’t it clear?” It’s one of the most misunderstood features […]
What Great White Sharks Can Teach Small Business Owners About Success
Every July, I watch Shark Week—and every July, I cheer for the seal. Somewhere between those breathtaking great white shark breaches, I realized there are powerful lessons every small business owner can learn about preparation, strategy, resilience, and long-term success. Here are eight business lessons inspired by Shark Week.
Why Reconciling Your Bank and Credit Card Accounts Every Month Is One of the Most Important Bookkeeping Tasks
Many small business owners believe that if their bank accounts are connected to QuickBooks Online, their bookkeeping must be accurate. Unfortunately, that’s one of the most common bookkeeping mistakes I see. While QuickBooks bank feeds are an excellent time-saving tool, they don’t verify that your accounting records are complete or correct. They simply import transactions. […]
Why Mixing Personal and Business Finances is a Costly Bookkeeping Mistake
Bookkeeping Mistake #1: Mixing Personal and Business Finances As a CPA, one of the most common bookkeeping mistakes I see is business owners mixing personal and business finances. It often starts with good intentions—using a business debit card to buy groceries because it’s convenient, paying a business expense with a personal credit card when cash […]
Why Every Business Owner Needs a Strong Professional Team
As a business owner, you wear many hats. You’re responsible for serving customers, managing employees, overseeing operations, and making important financial decisions. With so much on your plate, having the right team of trusted advisors can make all the difference. One of the most valuable investments a business owner can make is building a professional […]