In business, every client brings a unique approach, level of involvement, and set of financial goals to the table. Since launching my bookkeeping business two years ago, I’ve had the chance to work with a variety of clients. Some see bookkeeping as a basic necessity, while others value it as a key tool for growth …
Decoding Client Engagement: Types of Bookkeeping Clients You’ll Encounter Read More »
I belong to a couple of bookkeeping communities on Facebook. We discuss everything from tech issues to getting more clients to pricing services to pep talks on staying the course. Starting sometime in December, I would say that 85 to 90 percent of the discussions were in response to questions about 1099s(and its sister form, …
Bookkeepers and 1099 Forms: Should They Prepare IRS Documents for Clients? Read More »
According to statistics from the Association of Certified Fraud Examiners (ACFE) a typical fraud case causes a loss of $8,300 per month and lasts for 12 months before detection. Asset Misappropriation comprises 86% of cases with a median loss of $100,000. Nearly half of occupational fraud came from Operations, Accounting, Executive/Upper Management and Sales, with …
7 Vital Steps to Prevent Bookkeeping Fraud: Vendor Edition Read More »
Towards the end of each year, every major business publication writes their “annual outlook for the upcoming year to motivate/scare small businesses” report. I’m exaggerating a bit. They aren’t meant to scare but to help small businesses prepare for the year ahead. For 2024, in each report I read, the top two concerns of most …
Bookkeepers: The Key To Effective Small Business Money Management in 2024 Read More »
Wait for it! It’s coming! The day when a potential client will respond to your proposal by telling you that you’re too expensive. They love everything about your services except the price. As an entrepreneur there’s no way for you to avoid this experience. So how can you prepare yourself? What’s the best way to …
“Your Prices Are Too High!” 5 Effective Ways To Respond Read More »
When I started my business in 2022, I had a lot of excitement, encouragement from family and friends, nervousness and hope. The one thing I didn’t have a lot of was money. I was(and am) deep in bootstrapping mode like many new entrepreneurs. Money is still tight and I can’t afford to waste it on …
Must Have Technology for the New Entrepreneur on a Budget Read More »
I’ve been streaming a lot of K-dramas lately. The “K” stands for Korean for the uninitiated. One of my recent favorites is a remake of the novel Little Women by Louisa May Alcott. It’s a modern day take on the story about 3 sisters living in poverty who suddenly find themselves deep in an embezzlement …
According to Score1, 78% of startups rely on personal funding to launch businesses. That means aspiring entrepreneurs are using their own personal money to get started. As such most of them are bootstrapping and are looking to cut corners in every way possible. One service that usually gets put on the back burner is hiring …
