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Category Archives: Business Basics

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DIY Small Business Bookkeeping: Key Terms and Concepts

DIY Business Bookkeeping: Unpacking the Essentials

Essential Accounting Support Posted on June 25, 2023 by Christie HammondApril 23, 2025

A glossary of small business bookkeeping basics (assets, liabilities, equity, income, cash flow & financial statements) for DIY bookkeeping so you can master your own financial affairs.

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Posted in Bookkeeping, Business Basics | Tagged Bookkeeping Basics, Financial Literacy, Small Business Operations
2 Women, one a bookkeeper and one an accountant, working on small business bookkeeping

The Dynamic Duo: How Bookkeepers and Accountants Work Together

Essential Accounting Support Posted on May 21, 2023 by Christie HammondMarch 23, 2025

Bookkeepers and accountants are essential to keeping your finances in order, but they play different roles. Together, they form a powerful partnership that helps your business thrive.

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Posted in Accounting, Bookkeeping, Business Basics | Tagged accounting, bookkeeping

5 Common Small Business Finance Mistakes to Avoid

Essential Accounting Support Posted on April 30, 2023 by Christie HammondJuly 26, 2023

Running a small business can be challenging, especially when it comes to managing finances. However, avoiding common mistakes can help ensure your business stays financially healthy. Here are 10 mistakes to avoid when managing your small business finances.

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Posted in Business Basics, Tax
Small Business Tax Preparation: DIY vs Hiring a Professional

Small Business Tax Preparation: DIY vs Hiring a Professional

Essential Accounting Support Posted on March 27, 2023 by Christie HammondJune 28, 2024

Small business tax preparation. It’s a lot. You may be wondering whether you should handle preparing your taxes for your accountant on your own (DIY) or hire a professional bookkeeper. In this article, we’ll explore the benefits and drawbacks of each option to help you make an informed choice.

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Posted in Accounting, Bookkeeping, Business Basics, Tax | Tagged bookkeeping, Small Business Operations, Tax Preparation, Taxes
Bookkeeping in March - what's important to do?

What’s Important About Bookkeeping in March

Essential Accounting Support Posted on March 2, 2023 by Christie HammondApril 7, 2025

Let’s explore the 5 important tasks that small business owners should do if they want to stay on top of their bookkeeping in March.

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Posted in Administration, Bookkeeping, Business Basics, Tax | Tagged Bookkeeping Basics, Business Continuity, Small Business Operations, Tax Preparation
Two women looking at a computer screen - a business owner and her bookkeeper working on the business finances

What Small Business Should Know Before Hiring a Bookkeeper

Essential Accounting Support Posted on January 24, 2023 by Christie HammondJune 26, 2025

Are you tired of juggling finances for your small business? Find out why you should consider hiring a bookkeeper to help with accounting, payroll, and other financial tasks.

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Posted in Accounting, Bookkeeping, Business Basics, Tax | Tagged bookkeeping, Small Business Operations, Taxes
virtual bookkeeper reviewing financial paperwork

What Is a Virtual Bookkeeper?

Essential Accounting Support Posted on November 18, 2022 by Christie HammondJune 25, 2025

A virtual bookkeeper is just like any other bookkeeper AND an independent contractor who can work from anywhere. Let’s take a look at some advantages of virtual bookkeeping.

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Posted in Accounting, Bookkeeping, Business Basics | Tagged bookkeeping, Small Business Operations
Calculator with COST in the display window

Understanding the Cost of Bookkeeping for Small Business

Essential Accounting Support Posted on October 25, 2022 by Christie HammondOctober 25, 2022

Small businesses have many options for bookkeeping, internal and external, this article explains these options and the cost of bookkeeping.

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Posted in Bookkeeping, Business Basics | Tagged Small Business Operations
action steps for third quarter bookkeeping

Action Steps for Third Quarter Bookkeeping

Essential Accounting Support Posted on September 27, 2022 by Christie HammondJune 26, 2025

Third-quarter bookkeeping is about investing time to set yourself up for future success. By looking ahead one full quarter (or more), you’re better able to plan and implement things that will positively impact your business. Here are the tasks you should be doing in 3rd Quarter.

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Posted in Bookkeeping, Business Basics | Tagged bookkeeping, Small Business Operations
quickbooks logo vs excel logo

QuickBooks Versus Excel for Small Business Bookkeeping

Essential Accounting Support Posted on August 24, 2022 by Christie HammondApril 23, 2025

Excel seems like a low-cost, easy way to track expenses, however, there are substantial differences between Excel and QuickBooks to consider.

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Posted in Bookkeeping, Business Basics | Tagged Small Business Operations

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