As a solopreneur, hire a bookkeeper when you spend over three hours a month on your books, consistently fall behind, or the stress of it causes total avoidance. This is a strategic investment to prevent costly emergencies and reclaim your energy for growing your business.
When you delete a transaction, you're not just removing a mistake. You're erasing history. And in bookkeeping, history matters more than you might think.
Overcome financial anxiety by starting small: schedule 15-minute weekly 'money dates' to review basics. Use simple software and reframe numbers as a tool for empowerment, not judgment. This small habit prevents massive future crises.
Revenue is total income; profit is what's left after expenses and taxes. Spending based on revenue is the fastest way to manufacture a cash crisis because you're spending money that belongs to the IRS or your suppliers.
First, take a deep breath. The feeling of being overwhelmed by your business finances is a signal, not a failure. It simply means you're ready for a new level of clarity. To get there, you need a simple, immediate plan.
Feeling perpetually stressed about money, even when your sales reports look strong, is a common and deeply frustrating experience for freelancers.
Yes, using a business credit card is a very smart move for most solopreneurs.
For many solopreneurs, the very word “budget” can bring on a wave of anxiety.
Creating a 12-month financial forecast is simpler than you think.
For most of us, it's supposed to be about rest. A long weekend to recharge, spend time with family, maybe fire up the grill or head to the beach.
