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Essential Accounting Support

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Category Archives: Bookkeeping

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Coffee cup on a napkin with hand written note that says "Pay Yourself First!"

What are You Worth? Determining Your Compensation

Essential Accounting Support Posted on September 1, 2021 by Christie HammondJune 25, 2025

New business owners often ask me, “What should my compensation be? How should I pay myself?” Here’s what I like to tell them.

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Posted in Accounting, Bookkeeping, Business Basics, Salary
How to Pay Yourself

How to Pay Yourself a Paycheck From Your Business

Essential Accounting Support Posted on May 10, 2021 by Christie HammondJune 26, 2025

Whether you are on salary or take a draw of income out of your own business, here is what to consider about how to pay yourself a paycheck.

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Posted in Administration, Bookkeeping, Business Basics, Salary, Tax
Know Your Deductible Expenses

Know Your Deductible Expenses

Essential Accounting Support Posted on March 1, 2021 by Christie HammondDecember 13, 2023

Documentation is your best friend when it comes to making business tax deductible expenses count.  Here are the most missed deductions.

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Posted in Accounting, Bookkeeping, Tax
A Season of Giving Blog

Not just a Season of Giving, but a way of doing business

Essential Accounting Support Posted on December 18, 2020 by Christie HammondFebruary 28, 2022

Have you considered building in your charitable donations to your business plan? You can make the “season of giving” last all year.

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Posted in Bookkeeping, Business Basics
Business Budget Basics

Business Budget: 10 Simple Steps to Get You Started

Essential Accounting Support Posted on December 1, 2020 by Christie HammondJune 25, 2025

A well-planned budget is a part of planning for success. Here are some simple steps I recommend when building your business budget.

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Posted in Accounting, Administration, Bookkeeping, Business Basics, Uncategorized
4 Pillars of 4th Quarter

The 4 Pillars of 4th Quarter

Essential Accounting Support Posted on October 31, 2020 by Christie HammondDecember 13, 2023

The four pillars of 4th quarter are 4 essential things to do in your business during the last months of the year.

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Posted in Bookkeeping, Business Basics
A Plan for Starting Your Business

6 Tips for Starting Your Own Business

Essential Accounting Support Posted on September 20, 2020 by Christie HammondSeptember 23, 2020

Starting your own business is exciting, a real adventure. It can also be demanding and bewildering if you have never run a business before. Here are 6 tips for starting your own business you can use to make sure your new enterprise is set up for success.

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Posted in Accounting, Administration, Bookkeeping, Business Basics, Tax | Tagged Small Business Operations
Woman including payment terms on her invoices

10 Reasons to Include Payment Terms on All Your Invoices

Essential Accounting Support Posted on August 4, 2020 by Christie HammondDecember 13, 2023

You must include payment terms on all invoices to outline how quickly you expect payment and the different payment methods you accept.

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Posted in Accounting, Bookkeeping, Business Basics | Tagged Business Continuity, Small Business Operations
Direct vs. Indirect Expenses

Expenses: Are They Indirect or Direct?

Essential Accounting Support Posted on June 3, 2020 by Christie HammondFebruary 28, 2022

Now that there is serious talk of the economy reopening post-shelter-in-place orders, it’s the perfect time to review your company expenses. This article explains the difference between the 2 basic expense types and gives examples you can use right away.

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Posted in Accounting, Bookkeeping, Business Basics | Tagged Business Continuity, Small Business Operations
Disaster Recovery Plan

Disaster Recovery Plans – Does Your Business Have One?

Essential Accounting Support Posted on May 11, 2020 by Christie HammondSeptember 23, 2020

The COVID-19 pandemic caught a lot of businesses by surprise. While we are subject to this temporary pause, it’s a perfect time to re-evaluate your disaster recovery and continuity plan. Use what you’ve learned and incorporate it into an updated plan.

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Posted in Accounting, Administration, Bookkeeping, Business Basics | Tagged Business Continuity, COVID-19, Disaster Planning, Small Business Operations

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