Why repeatedly deleting transactions
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.
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.
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.
Let's be real: you didn't start your business to feel constantly overwhelmed, resentful, or burned out.
Turning Your Weekly Money Check-In into a Growth Engine
When you run a business on your own, it’s easy to think small—small goals, small moves, small steps forward. But the way you think about your business shapes how it grows.
You started your business for freedom—freedom to choose your clients, control your schedule, and do work that excites you.
Are you ever afraid to look at your bank balance or feel anxious whenever money comes up? You’re not alone. Many solopreneurs struggle with money overwhelm, avoiding financial check-ins out of fear of what they might find.
Think of cash flow as the lifeblood of your operation. Without a solid handle on it, even the best ideas or largest contracts can leave you scrambling to pay the bills.
Instead of viewing bookkeeping as a dull chore, think of it as a game plan for your finances. By gathering clear information about what’s coming in and what’s going out, you make confident decisions.
Proper bookkeeping systems created by accountants provide insight into HOW your business is doing. An accountant will interpret this information to provide you with data to make informed business decisions. Accounting takes the guesswork out of the question, “So how’s business?”
Business owners tell me, “It’s always the same. Every time I hire a new bookkeeper, all they want to do is organize my files and ask me questions about how I want a bill “coded.” I don’t even know what that means!”
The three sections of the cash flow statement are operating, investing, and financing. There are two methods to use when preparing your cash flow statement: direct and indirect.
There are three major cash flow activities in each business. These consist of Operating, Financing, and Investing.