Goode Bookkeeping & Consulting Blog

When you’re a small business owner, you rely on accurate bookkeeping to evaluate your progress. Often, small business owners spend late nights crunching their financial numbers. Some delegate the task to already overworked employees. Others hire fulltime professionals...

As a small business owner in Marlborough CT, you have many of the same needs as a big business. There’s one significant difference. Big companies have the financial resources to put experts on their payroll. Your small business budget probably makes experts seem like...

When your business is new, you probably have no use for a bookkeeper, even if you can find the best small business bookkeeping in Hartford CT. If you’re like many small business owners, you save money by doing as many tasks as possible. Of course, if you’re...

The internet is a dynamic resource when you're looking for a company that specializes in the exact product or service you need. Unfortunately, search results often divert you to businesses in other cities or towns. Even if your search parameters include the phrase,...

Are you one of those hardworking DIY people who does your small business bookkeeping? If you do, you probably spend nights wading through invoices, reconciling bank statements, tracking down lost receipts, and performing other tedious tasks? That makes sense when your...

If you’re a business owner, you can get just about anything you need without leaving the building. Outsourcing makes it less expensive to hire the experts you need. The cloud made it easier to work with your experts, even if they’re a thousand miles away. Bookkeeping...

As a business owner, it’s your job to get things done so that’s exactly what you do. Running payroll and keeping your accounts receivables up to date. You also reconcile your bank deposits and payments and make sure you have enough cash to pay the people you owe. Even...

One of the nice things about being in business is that you can hire your cousin when he needs a job. Your relative gets a career. You get a dedicated employee who you’ve known your whole lifetime. Your auntie and uncle will think of you as their favorite nephew. It’s...

As a small business owner, you get to decide how to handle your bookkeeping and financial documents. If paper checks and snail mail invoices give you peace of mind, you should hang onto them. But before you shun important digital bookkeeping alternatives, here are a...

Just imagine. You’ve had a productive Friday morning. Everything is running on schedule. But just as you decide to take a break, a crowd of employees begins gathering outside your door. You can’t imagine why until you have a painful flashback. You didn’t finish...

Before you order products, hire a new employee, or make any financial decision, you must understand how much money is flowing into your business. Keeping up with your accounts receivables is critical to that process. An Aging of Accounts Report helps by compiling all...

Stop thinking and start acting You spend your days thinking about the best ways for your business to earn money. Monitoring fraud is the last thing you want to think about but it's important to know where your money is going if you want your business to grow. If you...

They're not just numbers Let’s face it, financial numbers are boring. If your business is all about fixing cars, creating art, or making clients beautiful in your salon, you have more exciting things to ponder. The thing about all those boring financial numbers is...

If you’re a small business owner who doesn’t delegate, you probably have a few good reasons for that. It could be that you’re simply great at multitasking. Perhaps it’s because you’re a hands-on kind of boss. Maybe you do everything yourself because you understand...

Working at your personal capacity. A blessing? Or a curse? If you’re working hard to make your business successful, you don’t have time to do every task that needs to be done. But sometimes you do it anyway. However, that’s the small business owner’s curse. In...

When your customers make a purchase, do they pay with cash or plastic? But when they're buying an inexpensive item, many of your customers probably use cash. When they decide to buy something a bit pricier, they probably expect to pay with a credit card. What does...

When you run a small business, you might not intend to do everything yourself. Sometimes it just works out that way. To maintain your cash flow, you cut back on the professional services you consider nonessential. You do your own marketing calls, product development,...

Goode Bookkeeping & Consulting professionally manages your QuickBooks account. If you’re already our client, you understand what that means for you and your business. We set up your QuickBooks app. We customize it to your operation, and we make it perform the way...

Cutting Corners When you operate a small business, you cut corners wherever you can. As long as you can avoid IRS problems, an independent contractor strategy will help you meet your cost-saving goals. When properly selected, independent contractors can do the work...

Letting Go When you give up a critical small business task, it can feel like personal torture. Even if the task requires professional skills that you don’t have–bookkeeping, for example–it’s hard to let go. Once you realize you have a bookkeeper who listens when you...

How much can you handle? If you run a body shop or a hair salon or you own any other small business, you probably don’t know much about financial reports. If you’re like most small to medium-sized business owners, you spend so much time growing your business, you...

As a small business owner, you probably have plenty of reasons why you've never considered the outsourcing vs hiring question. Perhaps you believe your operation is too small. Maybe you think of outsourcing as sending work overseas to get a cheaper labor rate. Could...

If you’re trying to cut your business expenses, you might be tempted to try DIY bookkeeping with free accounting templates. The idea behind free accounting templates is that they'll make bookkeeping easier and cheaper. Although that sounds like a winning idea, when it...

If you’re reading about tax tips mere days away from your filing deadline, you’re probably in the middle of a low-grade panic right now. Don’t get too stressed. Lots of people wait until the last minute and it usually turns out just fine. As a small business owner,...

Until your small business grows to match your dreams, you’ll multitask your way through each workday. That’s what small business owners do, but you still need a bookkeeper. Running a small business is hard. You went into it expecting to work long hours. You knew you'd...

Business growth doesn’t happen by accident. You must put in the time. Also, you must execute the right strategies. There's a long list of factors to consider in growing a small business. Here are three basic elements that can make a critical difference when you're...

If you’re searching for the best bookkeeping software for your small business, it’s time to consider a cloud-based service. Businesses that rely on cloud computing understand its power. Cloud services give you options for tracking and syncing your small business...

If you want to outsource your accounting, it’s as easy as Googling “accountant near me." Why is that a good thing? Until recently your accountant search might have generated a list of online companies located in Texas or Los Angeles. Considering our global online...

Of course, you love Quickbooks. It stores your important financial data and tracks your cash flow. It syncs to your bank and generates efficient financial reports whenever you need them. Quickbooks has all the bookkeeping features you need or want. If only you knew...