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.

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How to Overcome the Fear of Looking at Your Business Numbers

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.

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Revenue vs. Profit: The Critical Difference Every Business Owner Must Know

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.

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Overwhelmed by Business Finances? The First 3 Steps to Take Today

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.

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Cash Flow 101: How to Keep Your Solopreneur Business Afloat
Cash Flow 101: How to Keep Your Solopreneur Business Afloat

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.

by Stacy Luft
Why Basic Bookkeeping is the Foundation of Your Financial Freedom
Why Basic Bookkeeping is the Foundation of Your Financial Freedom

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.

by Stacy Luft
Financial Consultants: Bookkeeping vs. Accounting: Why You Should Care
Financial Consultants: Bookkeeping vs. Accounting: Why You Should Care

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?”

by Stacy Luft
Changing Bookkeeping Services Like You Change Your Underwear
Changing Bookkeeping Services Like You Change Your Underwear

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!”

by Stacy Luft
Cash Flow Statement: What Is Its Purpose?
Cash Flow Statement: What Is Its Purpose?

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.

by Stacy Luft
3 Major Cash Flow Activities
3 Major Cash Flow Activities

There are three major cash flow activities in each business. These consist of Operating, Financing, and Investing.

by Stacy Luft
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