This is a question you may be asking yourself, whether you are first starting out or you have been in business for years. Many people think bookkeeping can be be done by simply taking your bank balance at the beginning of the month and subtracting it from the balance at the end of the month …
Have you seen the “Reconcile” feature in Quickbooks and wondered what that is all about? Or maybe your bookkeeper has told you that they need your bank statements in order to “reconcile” your books? Ever wondered what this means? Reconciling is the current-technology way of balancing your checkbook. It ensures that nothing has been duplicated …
What is Profit First? Profit First is a book on business-money-management by Mike Michalowicz. Mike gives many new and controversial methods for managing your money. He recommends having multiple bank accounts, like a 21st century envelope system, in order to budget and manage your money. He values paying yourself and building up cash in your …
If you’re recording money coming out of your business in Quickbooks Online, it can be confusing to look at the options and see that both Bills and Expenses are options to choose from. They are separate items for a reason and not interchangeable, so it is important to be using the correct feature at the …
The Difference Between Bills and Expenses in Quickbooks Online Read More »
If you are keeping up with customers payments in Quickbooks Online, you may be wondering if you should use Invoices or Sales Receipts. Both have specific uses and are not interchangeable, so you need to make sure you’re using the right feature. Invoices You should only use an Invoice for a customer who owes you …
The Difference Between Invoices and Sales Receipts in Quickbooks Online Read More »
If you’ve been around here for a while, you may have noticed that our name changed. As of July 2021, the name officially and legally changed from Southern Belle Bookkeeping to Profit Meadow Bookkeeping. I was doing a lot of work “on” the business in the early summer of 2021. I had just read The …
Why Did We Change Our Name To Profit Meadow Bookkeeping? Read More »
It’s no secret that I’m a Mike Michalowicz fan. I love almost all of his books (there was one that I couldn’t finish. Stay tuned for that reveal!) Get Different is Mike’s new (2021) book on Marketing! Since marketing is my biggest struggle, I could not WAIT to get this book! I expressed interest early …
“Get Different” by Mike Michalowicz– Updated Review Read More »
Maybe you do, maybe you don’t. Here are some questions to ask yourself to help you get started: Did you pay someone who is not an employee to do a service for your business? Did you pay someone over $600 by cash, check, or ACH? Did you pay an attorney? If you answered “YES” to …
Who needs a 1099? If you’re stressing over how to answer this question, our BRAND NEW course can help you figure it out! Using the documents from IRS.gov, we created videos to walk you through how to determine who needs a 1099-MISC or a 1099-NEC (the two most common 1099 forms for small business owners.) …
Before you decide with social media platforms to use, you need to decide what type of business you are: B2B or B2C. B2B- Business to Business B2C- Business to Consumer Profit Meadow Bookkeeping is B2B. I own a business that sells its services to another business. The ice cream shop down the street is B2C. They …
Which Social Media Platforms Should I Use to Market My Business? Read More »
