How would you go about explaining bookkeeping to a six-year-old?
You might say that it's keeping track of how many coins you put into your piggy bank and then how many you take out. While that is the basic premise of bookkeeping, it’s certainly more complex...
There can be several reasons why your QuickBooks balance doesn't match what you see in your bank account. Let's review what might be causing this discrepancy.
When your bank account balance is less than your QuickBooks balance:
If there are expenses which have cleared the bank but...
Recently, I recorded a quick 5-minute video with Adam Slack, President of Two Roads, to discuss a few of his main takeaways from a classic book on business leadership, Good to Great by Jim Collins.
I start out talking about Jim's flywheel concept and how many have...
Business owners come to us every couple of weeks with statements like this:
“QuickBooks has all my transactions from my bank feed, but none of them are reconciled.”
“I just use a spreadsheet.”
“I send invoices from a word document.”
Or - “All the numbers are in my head.”
Recently, we were asked the following questions by a small business owner: "What is the best approach to buying a car? Should I use my personal money or the business account? What are the tax implications?" So, we thought it would be helpful to provide...
For business owners, we understand how hard it can be to keep track of all the different taxes that are due throughout the year. For your convenience, we’ve compiled a comprehensive list below. Go ahead and put these into your calendar as repeating events to...
Taxes come every year whether you are ready for them or not and you need a professional who can safely navigate your business through the ever changing and muddy waters of tax law. Something that was deductible last year, may not be this year. But...
Record Keeping Habits That Will Ensure Your Maximum Tax Deduction
As we approach the end of the year, whether it is the end of your fiscal year or not, it is always helpful to refresh your business practices so that you aren’t in lurch come tax...
A Quick Guide to Looking at Your Business Finances
All over our website and our blog, you will hear every single person on the Two Roads team rant about why your numbers matter.
For the entrepreneur and small business owner, we say things like:
Posted at 11:29h
, Business Life
, Everyday Finances
, Financial Advice
, Small Business
, Two Roads
At Two Roads, we have the privilege of doing bookkeeping for hundreds of small businesses who are crushing it in their industry. Many small businesses get to the place where their product is honed, their food is on point or their brand is recognized throughout...