Stay Prepared for the Unexpected Whether it’s a sudden drop in revenue, an unexpected repair, or an economic downturn, having an emergency fund for your business can be the difference between staying open or shutting down. A business emergency fund gives you the buffer you need when life throws you a curveball. Here are a […]
Your QuickBooks Online (QBO) dashboard is the first thing you see when you log in, so why not make it work for you? A well-organized dashboard helps you track key financial metrics, streamline workflows, and get quick insights into your business’s financial health. Whether you’re a small business owner, bookkeeper, or accountant, customizing your QBO […]
Most business owners spend a lot of time looking at their Profit & Loss Statement—it’s familiar, tracks income and expenses, and speaks the same language you probably use daily. However, another financial report is just as important: the Balance Sheet. The Balance Sheet can feel less approachable. It uses terms like “assets” and “liabilities,” which […]
Let’s be honest—QuickBooks Desktop is packed with reports. If you’ve ever scrolled through the Reports Center wondering which one to open, you’re not alone. But here’s the thing: sometimes, the standard reports don’t give you exactly what you’re looking for. That’s where custom reports come in. They’re your chance to slice and dice your data […]
There’s a surprisingly simple truth behind many thriving businesses: not everything you do carries the same weight. That’s the idea behind the 80/20 rule in business, where roughly 80% of your results come from just 20% of your efforts. The 80/20 Rule—also known as the Pareto Principle—suggests that roughly 80% of your results come from […]
When we talk about running a healthy business, cash flow doesn’t always get enough attention — specifically how managing receivables and payables plays a significant role in it. If money isn’t coming in on time, or you’re paying bills too early without a plan, your cash flow can take a hit, even if your business […]
Running a business comes with its fair share of financial ups and downs. For many small businesses, debt is just part of the journey. Maybe you’ve taken out a loan to expand, used a credit card to manage cash flow, or opened a line of credit just in case. Whatever the reason, debt in itself […]
If you’ve ever wondered, “How much do I need to sell just to cover my bills?”—you’re already thinking about your break-even point. It’s a simple idea that can change how you run your business. You can price things more confidently when you know exactly how many products or services you need to sell to stop […]
Now is the time to reflect, plan, and set your business up for success as we welcome 2025. For small business owners, entrepreneurs, or managers, goal setting helps channel focus and promote measurable progress throughout the year. Why Goal Setting Matters Having clear goals provides a sense of direction and keeps you focused on what’s […]
Creating a budget that works can be challenging. Income can be unpredictable, and expenses can be hard to estimate. However, a well-crafted budget is essential for running a successful business. By using QuickBooks Online’s budgeting tools and following the steps below, you’ll gain a clear picture of your finances and be able to make informed […]