Archive for the 'Financial management' Category

Video chat: Bookkeeping, business systems and technology

My mind has been working overtime lately on the difficulties many entrepreneurs have with using various types of technology in their businesses, from implementing (and using) bookkeeping software to figuring out what types of databases or other applications to use such as project management software, customer relationship management (CRM) software, or point of sale (POS) [...]

Who’s afraid of the numbers?

I just realized that I neglected to include a link to an article on financial management for small businesses that I recently wrote for Entrepreneur.com. Here’s an excerpt: Over and over I hear owners admit sheepishly, “I don’t do enough with the numbers.” If you merely keep up with the basics, you might avoid true [...]

Gross receipts taxes…done

Just finished my gross receipt tax filing last night—15 minutes past midnight, so I got socked with a late fee. Grrr. I’ll look on the bright side, though. I’ve had a solid system in place now for several years that makes it really easy to get this filing done. With correctly categorized income entries—including separate categories for income that’s subject to tax, tax collected, and income that’s not subject to tax at all—generating a report is simple.

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