Master your Finances: 5 Strategies for Managing Cash Flow
Master your Cash Flow with 5 Powerful Strategies Cash flow is the lifeblood of any business, and managing it effectively is essential for the success and sustainability of a small business. Without proper cash flow management, a business can run into serious financial trouble, even if it is profitable. In this blog, we will discuss…
Read More10 Common Bookkeeping Mistakes and Tips on How to Avoid Them
Failing to reconcile accounts Reconciling bank and credit card accounts is essential to ensure that all transactions are recorded accurately. Failing to reconcile can result in errors and missing transactions. To avoid this mistake, reconcile accounts regularly, we recommend on a monthly basis. Not categorizing expenses properly Properly categorizing expenses is crucial for accurate financial…
Read MoreCreating Company Culture where Character Matters
I recently listened to a podcast whose featured guest engaged in some disrespectful behavior to their team during prep for the podcast. Instead of letting the poor behavior slide, the podcast hosts said, Nope! We don’t work like that, and canceled the podcast interview. I was inspired that these women who are semi-famous had the…
Read MoreTRULY PROFIT PLAN COURSE LAUNCH!!
You know the old adage, the shoe makers’ shoes always have holes, or the contractor’s house is always half done. The same is true for business owners. Just because your entrepreneurial spirit and skills led you to open your own business doesn’t mean you know how to run a profitable business. The same was true…
Read MoreHow to Create a Work-Life Balance
Owning a business can be a lonely road at times. As an entrepreneur, we are the ones with the dream and the vision. We are the ones that can’t sleep at night as we think through all the details of our business. We are the ones who must intentionally focus on our family and friends…
Read MoreTo help communities thrive through flourishing businesses.
I, Kelli Bagby, have been interested in small business ownership since high school. I have long admired entrepreneurs and business owners for their hard work, determination, and vision to create something for others that hasn’t existed. I have seen the power of working for oneself- yes, it’s tiring, all-consuming, and scary! But the rewards, the…
Read MoreA New Way of Employment
Truly Bookkeeping’s goal as an employer is to create meaningful part-time employment opportunities that pay well and provide retirement benefits. We believe this is the way that a lot of people, specifically parents, would prefer to work. Historically, part-time employment + good pay, and retirement benefits didn’t go together. Part-time employment has often been low…
Read MoreWhy Outsource your Bookkeeping? (Part 2)
Owning a business is one of the most challenging and rewarding endeavors you can ever undertake. It’s thrilling to work for yourself and empowering to be the one making all of the decisions that lead to your company’s success. But somewhere along the way, you’ll realize you can’t do it alone. Or you shouldn’t. You…
Read MoreHow to Set up your Retirement Plan with Ease!
Have you heard of Vestwell? As a business owner, your to-do list is never-ending. From managing your staff to monitoring cash flow your hands are full. Retirement planning for yourself and your employees can easily get pushed to the bottom of the list. Before you know it, years have gone by and though you meant…
Read MoreWhy use Practice Protect?
Why use Practice Protect? With the advancement of technology, cyber security is the number one threat to many businesses. We at Truly bookkeeping are responsible for processing financial information and take the security of our client’s data very seriously. This is why I, Kelli, was so thankful to discover Practice Protect; created specifically for the…
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