Posts by Jessa Varghese
Do I Need an Accountant for My Small Business?
As small business owners and entrepreneurs, we tend to try to do everything ourselves. On the one hand, that can-do attitude helps build successful businesses out of nothing, but on the other hand, trying to do everything yourself is not only a recipe for burnout, but it’s also not always advisable to try to do…
Read MoreHow to Use Quickbooks Online to Stay on Top of Your Financials
Staying on top of your financials, in both your personal life and your professional life, is one of the most important things we can do to avoid (or at least minimize) debt and high-interest rates, and increase buying power. But staying on top of your financials can be easier said than done, especially as a…
Read MoreWhat Is Financial Planning and Analysis (FP&A)?
How often do you really analyze your business’ finances? You probably check in once or twice a month to make sure you have enough in the bank to pay your bills for the next month, but do you really understand your cash flow? Can you give an account of your current financial standing, much less…
Read MoreWhy Is a Balance Sheet Important? 3 Things You Need to Know
Creating and regularly updating a balance sheet for your business is important for understanding the financial state of your company, which is why it’s also sometimes referred to as a “statement of financial position”. It compares your company’s assets with its liabilities and shareholder equity to determine the financial health of your company. You probably…
Read MoreHow to Analyze Financial Data to Improve Business Performance
Aside from other accountants and bookkeepers, I don’t know anyone who went into business to do bookkeeping. But I do know many business owners and entrepreneurs who went into business to make money. The two are inseparable. You can’t make money if you don’t know where your money is coming from, so let’s talk about…
Read More3 Budgeting Tips for Your Small Business
We’re almost halfway through 2021, and while you might be stopping to take stock of your 2021 goals, the midpoint of the year is also a great time to check in with your budget. Budgeting is always tricky, whether you’re dealing with your personal finances, or your budget for your small business. I can’t help…
Read MoreThe Importance of Proactive Accounting for a Healthcare Office
Money is the lifeblood of any business, so it’s important for all business owners to stay on top of their finances, but it’s especially important for healthcare offices. Not only do you have more to keep track of in terms of changes with the law, filing claims with insurance, following up on denied claims, etc.,…
Read More4 Benefits of Bookkeeping for Your Business
Bookkeeping is about more than just keeping track of your invoices and expenses. When you maintaindetailed records of everywhere your income comes from and everywhere your expenses go, it gives youincredible insight into what’s working for your business and what isn’t working so well. Knowledge ispower, but not everyone knows how to take advantage of…
Read MoreWhat’s the Difference Between Bookkeeping and Accounting?
Do you need a bookkeeper or an accountant? Both deal with your company’s finances, and while there is a lot of overlap between the two professions, there are also some key differences. If you’re considering hiring an accountant or a bookkeeper, the last thing you want is to neglect an area of your finances because…
Read More3 Bookkeeping Goals for Hassle-Free Accounting in the New Year
A new year is not only a great time to set some goals for the year ahead, it’s also a great time to figure out how you’re going to keep the books for your business. It’s safe to say that most people don’t look forward to doing their bookkeeping, which means it can often take…
Read More