Pinterest

Small Business Accounting Advice

Not sure how to handle your small business bookkeeping and accounting? Find the answers here! Accounting for your small business. Save money for your small…

More

·

152 Pins

11h

Collection by

Small Business Sarah

Similar ideas popular now

When you're just getting started with your business, you may be tempted to just use the account names and chart of accounts already provided to you in QuickBooks. However, with a few clicks you can create your own chart of accounts that will provide financial information to you that is actually helpful. Check out this post to learn how.

When you're just getting started with your business, you may be tempted to just use the account names and chart of accounts already provided to you in QuickBooks. However, with a few clicks you can create your own chart of accounts that will provide financial information to you that is actually helpful. Check out this post to learn how.

Every year, Amazon sellers need to reconcile their business bookkeeping to their Amazon 1099-K. Don’t worry, this isn’t difficult. In this post, I’ll walk you through how to tie out your Amazon 1099-K to the Profit & Loss report that you generate from Quickbooks Online so that you’re ready to file your taxes. Bookkeeping Software, Small Business Bookkeeping, Chart Of Accounts, Quickbooks Online, Tax Time, Business Pins, Amazon Seller, Journal Entries, Profit

Bookkeeping Software

Small Business Bookkeeping

Chart Of Accounts

Quickbooks Online

Journal Entries

Every year, Amazon sellers need to reconcile their business bookkeeping to their Amazon 1099-K. Don’t worry, this isn’t difficult. In this post, I’ll walk you through how to tie out your Amazon 1099-K to the Profit & Loss report that you generate from Quickbooks Online so that you’re ready to file your taxes.

When I started doing eBay bookkeeping, I discovered that eBay reports were extremely difficult to use. As an accountant, I’m pretty good at using eCommerce platform reports and pulling out the numbers I need to make sure everything reconciles. But when the eBay reports proved to be a nightmare, I decided to look into some integrations for eBay bookkeeping. Small Business Start Up, Accounting Software, Ecommerce Platforms, Selling On Ebay, Pretty Good, Nightmare

Small Business Start Up

Accounting Software

Ecommerce Platforms

Selling On Ebay

When I started doing eBay bookkeeping, I discovered that eBay reports were extremely difficult to use. As an accountant, I’m pretty good at using eCommerce platform reports and pulling out the numbers I need to make sure everything reconciles. But when the eBay reports proved to be a nightmare, I decided to look into some integrations for eBay bookkeeping.

Online Bookkeeping, Bookkeeping And Accounting, Small Business Accounting, Online Accounting, Business Tax Deductions, Cloud Accounting

Online Bookkeeping

Bookkeeping And Accounting

Small Business Accounting

Online Accounting

Business Tax Deductions

Cloud Accounting

Feeling overwhelmed by bookkeeping for your creative business? We would love to help. Check out our services to see how we can partner with you–so you can focus on what you do best. Feeling Overwhelmed, Take Care Of Yourself, Creative Business, Saving Money, Focus

Feeling Overwhelmed

Take Care Of Yourself

Creative Business

Feeling overwhelmed by bookkeeping for your creative business? We would love to help. Check out our services to see how we can partner with you–so you can focus on what you do best.

Before you begin looking for help for your business, you need to figure out whether you’re hiring an employee or an independent contractor. It’s important to realize that these two terms are defined by the IRS. In this post I review the main rules so you can see which category you need to use. Grow Business, Employee Benefit, Types Of Relationships, Irs

Employee Benefit

Types Of Relationships

Before you begin looking for help for your business, you need to figure out whether you’re hiring an employee or an independent contractor. It’s important to realize that these two terms are defined by the IRS. In this post I review the main rules so you can see which category you need to use.

As an accountant, I've taught many Etsy shop owners how to DIY their bookkeeping so they have a solid understanding of their financial situation. This post has what you need to get your bookkeeping up and running. Checking Account, Owners

Checking Account

As an accountant, I've taught many Etsy shop owners how to DIY their bookkeeping so they have a solid understanding of their financial situation. This post has what you need to get your bookkeeping up and running.

When you first begin using QuickBooks, you'll discover that the default chart of accounts won't meet your needs as an Etsy shop owner. I'd suggest taking a few minutes in QuickBooks to customize your chart of accounts. Be sure to download the free chart of accounts file I share in this post so that you can set up your books set up in a snap.

When you first begin using QuickBooks, you'll discover that the default chart of accounts won't meet your needs as an Etsy shop owner. I'd suggest taking a few minutes in QuickBooks to customize your chart of accounts. Be sure to download the free chart of accounts file I share in this post so that you can set up your books set up in a snap.

As I’ve worked with Etsy shop owners, I’ve developed several different bookkeeping methods to meet their needs. Over time, I’ve had to adapt these as Etsy and QuickBooks have changed. Through this process, I’ve identified 3 main options for Etsy bookkeeping (with a bonus fourth option!). In this post, I’ll walk you through them so you can determine which option is the best for your business. Business Help, Business Finance, How To Use Quickbooks

Business Finance

How To Use Quickbooks

As I’ve worked with Etsy shop owners, I’ve developed several different bookkeeping methods to meet their needs. Over time, I’ve had to adapt these as Etsy and QuickBooks have changed. Through this process, I’ve identified 3 main options for Etsy bookkeeping (with a bonus fourth option!). In this post, I’ll walk you through them so you can determine which option is the best for your business.

In this post, I’ll share my process for doing a bookkeeping review so I can see where things stand and quickly identify errors that may have occurred. This is certainly not the only way to go about reviewing. You could certainly go more in-depth, looking at every single transaction and how it was categorized, but my method is a high-level review that allows you to move quickly but also catch any major mistakes. Business Checks, Business Tips, Free Business Resources, Profit And Loss Statement

Business Checks

Free Business Resources

Profit And Loss Statement

In this post, I’ll share my process for doing a bookkeeping review so I can see where things stand and quickly identify errors that may have occurred. This is certainly not the only way to go about reviewing. You could certainly go more in-depth, looking at every single transaction and how it was categorized, but my method is a high-level review that allows you to move quickly but also catch any major mistakes.

How do you handle the fees for PayPal instant transfer in in your bookkeeping? In this post, I’ll show you have to handle this situation in QuickBooks Online Simple Start. Quickbooks Tutorial

Quickbooks Tutorial

How do you handle the fees for PayPal instant transfer in in your bookkeeping? In this post, I’ll show you have to handle this situation in QuickBooks Online Simple Start.

Each year, Amazon sellers need to go through the process of reconciling their business bookkeeping to their Amazon 1099-K. Don’t worry, this isn’t as difficult as it sounds! In this post, I’ll walk you through how to tie out your Amazon 1099-K to the Profit & Loss report that you generate from Quickbooks Online so that you’re ready to file your taxes. Business Tax

Each year, Amazon sellers need to go through the process of reconciling their business bookkeeping to their Amazon 1099-K. Don’t worry, this isn’t as difficult as it sounds! In this post, I’ll walk you through how to tie out your Amazon 1099-K to the Profit & Loss report that you generate from Quickbooks Online so that you’re ready to file your taxes.

Before you begin recording your Shopify gift card sales and redemptions, be sure to watch the video I created that shows you step-by-step how to do your monthly Shopify bookkeeping. Gift Card Number, Redemption

Gift Card Number

Before you begin recording your Shopify gift card sales and redemptions, be sure to watch the video I created that shows you step-by-step how to do your monthly Shopify bookkeeping.

There are many online accounting programs available today, but QuickBooks is what I recommend. QuickBooks is perfect for very small businesses all the way up to very large and sophisticated businesses. It’s easy to use, but it can grow with you as your business expands. In this post, I'll show you how easy it is to get started with QuickBooks. Accounting Programs, Entrepreneurship

Accounting Programs

Entrepreneurship

There are many online accounting programs available today, but QuickBooks is what I recommend. QuickBooks is perfect for very small businesses all the way up to very large and sophisticated businesses. It’s easy to use, but it can grow with you as your business expands. In this post, I'll show you how easy it is to get started with QuickBooks.

Many of the default accounts in your QuickBooks Online chart of accounts aren't relevant for online businesses while other important accounts are missing. That's why it's important to take care of setting up your chart of accounts at the outset. I'll show you how you can customize your chart of accounts so that it has the categories you need as a Shopify store owner. You can get a free copy of the csv file to upload to QuickBooks online. Online Business, Start Making Money, How To Make Money, Online Chart

Online Business

Start Making Money

How To Make Money

Many of the default accounts in your QuickBooks Online chart of accounts aren't relevant for online businesses while other important accounts are missing. That's why it's important to take care of setting up your chart of accounts at the outset. I'll show you how you can customize your chart of accounts so that it has the categories you need as a Shopify store owner. You can get a free copy of the csv file to upload to QuickBooks online.

Paying yourself from your small business is easy. Check out this post where I share the steps. Small Business Plan, Business Planning, Make Money From Home, Way To Make Money, I Pay

Small Business Plan

Business Planning

Make Money From Home

Way To Make Money

Paying yourself from your small business is easy. Check out this post where I share the steps.

This question has come up many times with bookkeeping clients! How do you connect a new financial account to QuickBooks once your bookkeeping has already been established? It can be easy to mess up this process and accidentally assign your new financial account to an account already in QuickBooks. In this video, I'll show you how to connect a new financial account without messing up your bookkeeping that is already established. Credit Card Account, Finance Organization, Bank Account

Credit Card Account

Finance Organization

This question has come up many times with bookkeeping clients! How do you connect a new financial account to QuickBooks once your bookkeeping has already been established? It can be easy to mess up this process and accidentally assign your new financial account to an account already in QuickBooks. In this video, I'll show you how to connect a new financial account without messing up your bookkeeping that is already established.

QuickBooks for Etsy? It sounds perfect. But, as an Etsy seller and accountant, let me explain why you might want to think twice before selecting this particular platform for your shop bookkeeping (in all but a few select circumstances). I'll also offer a great alternative.

QuickBooks for Etsy? It sounds perfect. But, as an Etsy seller and accountant, let me explain why you might want to think twice before selecting this particular platform for your shop bookkeeping (in all but a few select circumstances). I'll also offer a great alternative.

I got this question from a reader: I have a business coach I pay monthly. Is this a tax-deductible business expense? Short answer: it depends. Check out my full answer in the post. Business Expense, Business Training, Coaching Business

Business Expense

Business Training

Coaching Business

I got this question from a reader: I have a business coach I pay monthly. Is this a tax-deductible business expense? Short answer: it depends. Check out my full answer in the post.

“How do I pay myself from my small business?” is one of the most common questions people ask me. Another related question is, "How much can I pay myself?" If you are sole-proprietor or a single-member LLC (not filing as an S-Corp), the answer is shockingly simple. Digital Marketing Services, Virtual Assistant, Personal Finance

Digital Marketing Services

Virtual Assistant

Personal Finance

“How do I pay myself from my small business?” is one of the most common questions people ask me. Another related question is, "How much can I pay myself?" If you are sole-proprietor or a single-member LLC (not filing as an S-Corp), the answer is shockingly simple.

Small Business Sarah

Small Business Sarah

Small Business Accounting Advice

As a small business owner, the thought of setting up a bookkeeping or accounting system can seem daunting. However, good financial data is vital to your business success. In this post, I'll walk you through the basics of setting up QuickBooks for your small business. Business Owner, Business Ideas

As a small business owner, the thought of setting up a bookkeeping or accounting system can seem daunting. However, good financial data is vital to your business success. In this post, I'll walk you through the basics of setting up QuickBooks for your small business.

How To Record Inventory Purchases In Quickbooks Online Cost Of Goods Sold

Cost Of Goods Sold

How To Record Inventory Purchases In Quickbooks Online

How To Get a Business Mileage Tax Deduction Legal Business, Business 101, Tax Tricks, Tax Checklist, Business Mileage, Financial Success

Business Mileage

Financial Success

How To Get a Business Mileage Tax Deduction

Small Business Sarah

Small Business Sarah

Small Business Accounting Advice

Business Logo Branding

Business Infographic

Running an Etsy shop is a rewarding business for many creatives. But for many Etsy sellers, the most dreaded part of the job is bookkeeping. It's even scarier than marketing and social media. That's why I put together this Ultimate Guide to Etsy Bookkeeping.