Bookkkeeping
Understanding Financial Statements: A Beginner’s Guide
As a small business owner, you’re no stranger to the importance of maintaining a solid grasp of your company’s financial health. Often, the world of finances can be overwhelming, filled with complex jargon and seemingly insurmountable numbers. But, fret not! In this beginner’s guide, Truly Bookkeeping will walk you through the fundamental components of financial…
Read MoreMastering your Finances: Managing Operational Expenses
Mastering your Finances: Managing Operational Expenses Managing operational expenses is a critical aspect of running a successful business. Here are some best practices for managing operational expenses: Create a budget The first step in managing operational expenses is to create a budget. This involves identifying all of your expenses, including fixed costs (such as rent…
Read MoreMastering your Finances: Practical Strategies to Decrease Business Expenses
Mastering your Finances: Practical Strategies to Decrease Business Expenses Running a successful business entails more than just generating revenue. It also requires effectively managing expenses to maximize profitability and ensure long-term sustainability. While it may seem daunting, reducing business expenses is achievable with a strategic approach. In this blog post, we will explore practical strategies…
Read MoreMaster 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 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 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…
Read MoreWhy Outsource Your Bookkeeping? (Part 1)
As a business owner, you have thousands of decisions you have to make each week, as well as hundreds of tasks to complete. We find many business owners push their business’ bookkeeping to the end of the list, hoping it will magically not take hours and hours once they do sit down to sort it…
Read More