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Entrepreneur Tips

Virtual Bookkeeping Service: 5 Key Advantages

“I love doing my own bookkeeping!” said no entrepreneur, ever. Enter: virtual bookkeeping—the easiest, quickest, and cheapest way to offload this loathsome task onto someone else. Best of all, you’ll never even have to look that poor soul in the eye. In all seriousness, virtual bookkeeping has a unique set of advantages that differ from…

8 Bookkeeping Mistakes That Can Cripple Small Businesses

Many small business owners view bookkeeping as a necessary evil. But the truth is, bookkeeping can either be your greatest friend or your biggest foe. When done correctly, accurate financial records can be used to measure success and guide future business decisions. When done incorrectly, however, the consequences can be severe, with penalties that may…

How to Value Your Time as an Entrepreneur

This is a guest post from Graphic Rhythm Designs.  Why did you start your venture? If you’re like most entrepreneurs, then it was one of the following reasons: You wanted freedom from your routine, You were passionate about an idea and wanted to bring it to life, You desired to make more money than you…

Amazon Seller Bookkeeping Book is Now Live on Kindle!

After hitting just over 100 Amazon seller clients I felt like we were pretty well qualified to write a book on how to do bookkeeping for Amazon sellers! We have mostly FBA private label sellers, but also a good mix of wholesale, retail arbitrage and multi-channel sellers we work with. Very few other accounting firms…

Understanding Inventory Management: An Accountant’s Perspective

Prior to my current role in software implementation, I worked as a bookkeeper while getting a degree in Accounting. After graduation, I really had a passion for cost accounting and wanted to work with businesses to help get their inventory and processes under control. Now, I work with many small to mid-sized businesses to implement…

Hidden Expenses Growth-Hungry Startups Need to Be Aware Of

One of the most prominent definitions of ‘startup’ term was coined by Paul Graham, a programmer, entrepreneur and an essayist. While most other theoreticians tried to connect ‘startup’ word with advanced technologies or newly founded companies, he said that startup enterprises are those that are designed to grow fast. This fast company growth is in…

The Basics of Starting a Business with Absolutely Nothing

Many people hold off on starting a business because they figure they don’t have the money to start. But you don’t need money at all to start. In fact, the less you start with, the less you have to lose! So starting with nothing should really make you pretty fearless! I’ve always loved the brief…