Goode Bookkeeping & Consulting Blog

Professional bookkeepers talk a lot about time. As fellow business owners, we understand that your time is valuable. You want your business to thrive, so you put in a lot of DIY effort. You work hard to succeed, but there are only so many hours in the day to make that...

When you think about bookkeeping, you can’t help but contemplate the numbers. Numbers are essential to your business. They allow you to track all the necessary details such as sales, overhead expenses, accounts receivables, and payables. Without an accurate tally of...

It’s tough running a small business. It’s complicated when you take on tasks you should probably hand off to a professional. When saving money is the goal, many business owners handle production, marketing, sales, and many other tasks. Unfortunately, bookkeeping often...

As an entrepreneur, you expect to have your share of back-office burnout, but maybe you shouldn’t. Burnout happens when you work sun-to-sun like many small to medium business owners. You handle your receivables and payables. You track your cash as it comes in and goes...

When you own a small to medium-sized business, you do whatever it takes to keep your business moving forward. You rise early, and you pull late nights. Instead of paying others, you perform multiple tasks yourself. Your DIY efforts help you invest more money back into...

As a business owner, you need to understand the best methods for managing your finances. That often requires the services of both a bookkeeper and an accountant. These two professions are closely aligned, but they serve different functions in helping your business...

Your business requires a lot of effort to keep everything running smoothly. But, you couldn’t do it without your back-office staff. Those are the employees Merriam-Webster defines as taking care of the “...inner workings…” of a business. As Investopedia explains, the...

When your business grows, and you’re overburdened with tasks, you finally consider releasing some of your self-imposed DIY burdens. You can do it. But if you’re a hard-working, DIY, all-night-long kind of worker, you feel like the love interest in one of those broken...

When you decided to start your own garage or art gallery, or hair design studio, you understood that you would take on many tasks. You knew you would run your day-to-day operations. You realized that if you didn’t have enough cash flowing through your new business,...

If you own a small to medium business, you probably do your bookkeeping. But, like so many other business owners, you probably sit in your office late at night. You run the numbers until you can't keep your eyes open. Then, as you drift off to sleep, you might wonder...

If you’re like many small business owners, you wish your workday could be a bit easier. You put forth a lot of extra effort every day, but that’s often what it takes to succeed. For tasks such as bookkeeping, you could (and probably should) work with a trained...

As a small to a medium-sized business owner, you have a lot on your shoulders. You handle so many tasks, and it’s easy to lose track of one thing or another. That’s particularly true with DIY bookkeeping. Tracking your financial data requires meticulous daily...

If you’re one of those hardworking, do-it-yourself business owners, you run your business with as little help as possible. There’s nothing wrong with working sun-up to sun-down...and beyond sometimes. You probably get a lot of satisfaction out of your hard work and...

When your small business receives an IRS Audit notice, it can come as a complete surprise. Tax audits often seem random and unfair. For the IRS, data analysis often makes auditing an unavoidable, systematic process. Like most massive organizations, the IRS relies on...

If you believe every commercial you see on TV, you can run a wildly successful small business out of your garage. You can do all the work without help, and you can become an overnight success. All you have to do is download the right bookkeeping app on your...

When you go into business, you expect to do more than your share of the work. That’s what business owners do to get their operations up and running. When you're cutting back on expenses, it makes sense to perform the tasks you already know how to do. It probably won't...

As the owner of a small to medium-sized business, you learn that consistency is essential to keeping your business moving forward. You set your goals. You open up on time every day. To top it off you respond when the phone rings, and you greet your customers and...

If you’ve made the giant leap from paper to digital, you probably still have paper bookkeeping documents everywhere. If you’re like many businesses trying to make a digital transition, you still have file cabinets full of bookkeeping papers and other stacks of paper...

As a business owner, you've had a long, challenging year. Until you get through the 2021 tax season, it's not quite over yet. If you're like many businesses, your 2020 was all about lockdowns, layoffs, financial difficulties, reopening, sanitizing, and other...

Of course, you haven’t had time to think about the Taxpayer First Act. If you’re like most business owners, you’ve been busy trying to make sure your business stays up and running. The good news is that the TFA didn’t include any sweeping economic changes like the Tax...

If you work at home or you were one of many business owners to run your business from home during the pandemic, you’re probably counting on a home-office tax break next January. It probably won’t work out that way. Changes implemented by the 2017 Tax Cuts and Jobs Act...

As a business owner, you’ve endured your share of economic upheaval over the past months. In late March, Congress passed the Coronavirus Aid Relief & Economic Security Act to provide emergency financial relief. Complying with CARES Act requirements has been...

If you received a Paycheck Protection Program loan, you probably didn’t need help with PPP compliance. The program was a Cares Act provision. The application process was designed to respond as quickly as possible. You didn’t have to provide collateral or personal...

If you’ve always run your business on a cash-only basis, now is a good time to rethink your options. Like all local business owners, you’ve probably been working through some pretty tough times. If you’re up and running, that means you’ve made the necessary changes to...

If you’ve been in business for a while, you’re probably paper-addicted. If you’ve considered breaking your paper habit but just couldn't do it, you should know that there is always hope. Paper-addicted business owners rely on paper... everything! You send paper bills...

If you’ve ever gone through an IRS audit, you know that it’s often a hand-wringing experience. The IRS’s goals are no mystery. The examiner wants to verify that your tax return is valid and to substantiate your deductions. He also wants to know that you’re properly...

How can you tell if you need a bookkeeping service? Is size the primary measure? What if you’re a small but very busy business? Do you need a bookkeeper if you’re an artsy/creative type with a small but profitable customer base? Yes. Yes. Yes. That’s the answer to all...

How Hard is it to Keep Your Bookkeeping Up-to-Date?   As a business owner, you work long days and sometimes you work into the night. Even when you have the best of intentions, there’s no way to keep up with everything. At least you stay on top of the important...

When you run a small to medium-sized business, DIY is often your go-to way to get things done. For a number of important reasons, bookkeeping shouldn’t be on that list. When you DIY your bookkeeping, you can keep an eye on your financial bottom line. That’s a good...

You work hard to keep your business up and running. During the day, you manage employees, make sales calls, and you fill in where necessary. At the end of the day, instead of heading home, you document and track financial data, manage invoicing, and evaluate your...