Goode Bookkeeping & Consulting Blog

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,...