Goode Bookkeeping & Consulting Blog

Invoice Management in Glastonbury CT Are You Ready To Go Paperless? A few decades ago, the idea of going paperless was just a quirky tree-hugging kind of notion. Computers had just begun to change the way businesses managed information. Paperless sounded like a real...

When you run a small business, you begin to believe it's your responsibility to be an expert at everything. You make sales pitches and create marketing campaigns. You do business bookkeeping when you'd be much happier doing do anything else. Here's a thought. If you...

Nobody knows your business the way you do. You run your operations and manage your employees. You do sales and marketing and you put in the 24/7 effort it takes to grow your brand. As a small business owner, you do the front end tasks and the back office bookkeeping...

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...

Many companies raking in millions in revenue have gone bankrupt due to financial mismanagement. Companies are created to generate profit, but how you manage your books can determine the worth and longevity of your business. Pushing numbers to the bottom of your to-do...

The main points of owning a business are relatively universal. You want to save money, save time, and make better financial decisions.  Often, business owners fail to outsource non-core functions like bookkeeping because they want to maintain complete control of their...

When you're a small-to-medium business owner, your day never ends. You lock up at night, and you might even go home and go to bed. Often, as you drift off to sleep, a big pile of undone tasks crashes into your dreams.  When you're honest with yourself, you realize...

If you're like many small business owners, you spend long days and nights doing a little bit of everything. You prefer professional bookkeeping, but you feel you have little choice. You perform critical tasks yourself because it cuts costs. So, naturally, you've added...

If you're like many owners of small to medium-sized businesses, you handle a long list of business-related tasks. Unfortunately, you probably have far too many things on your to-do list to perform all of your daily money management tasks. As a busy entrepreneur,...

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...

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...