Why Financial Literacy is Essential for Your E-commerce Business and How Bookkeeping Can Help

Financial literacy means understanding and effectively using financial concepts like budgeting, saving, investing, and borrowing. With a strong knowledge of financial management, it can be easier to allocate resources, set pricing, and ensure profitability. In fact, a study by Frontiers in Psychology found that financial literacy is a promising indicator of successful entrepreneurship thanks to its positive… Continue reading Why Financial Literacy is Essential for Your E-commerce Business and How Bookkeeping Can Help

9 Trusted Tips to Finding a Bookkeeper in 2023

So you’re in the process of finding a bookkeeper. You need someone to handle your books, but you don’t know what you should look for in a bookkeeper. Fear not friend, we’ve got you covered. Here are some of the most helpful tips to keep in mind when looking for a bookkeeper.   1. Related… Continue reading 9 Trusted Tips to Finding a Bookkeeper in 2023

7 Best Payroll Services for Online Businesses in 2023

Here are our top picks for payroll services in 2023 that work especially well for online businesses. As you start off another year, we want to make sure that you have the tools that you need to make it your best year yet.   1. Gusto     Gusto is among the top rated HR… Continue reading 7 Best Payroll Services for Online Businesses in 2023

QuickBooks Online Pricing 2023 | What It Costs & Plan Comparisons

We put together this brief QuickBooks Online pricing guide because we know that you all like to have an idea of what you’re getting into before you commit. We hope it helps!   What Is QuickBooks Online (QBO)?   QuickBooks Online by Intuit is one of the top-rated and used bookkeeping and accounting software tools… Continue reading QuickBooks Online Pricing 2023 | What It Costs & Plan Comparisons

An Entrepreneur’s Guide to Startup Bookkeeping

  Introduction   As an entrepreneur, you need to make sure your business finances are in order. But bookkeeping isn’t something that comes naturally to everyone. In fact, it can seem like a daunting and overwhelming task – especially when you’re starting out. The truth is that good bookkeeping is essential for the success of… Continue reading An Entrepreneur’s Guide to Startup Bookkeeping

How to Calculate Annual Growth Rate (With Ease)

You should not have a hard time calculating your annual growth rate (AGR). Many business owners fail to check up on it because it can be confusing. In this post, we’ll walk you through how to calculate your annual growth rate the easy way. This way, you can always stay on top of your business… Continue reading How to Calculate Annual Growth Rate (With Ease)

What are Net 30 Payment Terms? Definition, Examples, Pros, Cons

  Net 30 payment terms and its variants are payment term options that make purchasing more attractive. They can balance out getting paid and being able to pay for orders, especially big ones. They help both sides by giving some leeway for payments.    Payment terms detail the various ways, times, and means for businesses… Continue reading What are Net 30 Payment Terms? Definition, Examples, Pros, Cons

What Is Customer Lifetime Value (CLV)? How Do You Calculate it?

  Customer lifetime value is an estimated metric that gauges how much revenue you might gain from a buyer’s spending on your goods and services in the course of their stay as a customer of your business. This takes into account both previous buyer data and forecasting.    How Can I Use Customer Lifetime Value In… Continue reading What Is Customer Lifetime Value (CLV)? How Do You Calculate it?

How to Read a Balance Sheet & Truly Understand It

  Balance sheets are a perplexing yet important part of financial analysis. They are essentially summaries of all the money that moves into and out of business during a period of time. Companies use balance sheets to create a snapshot of their overall financial health and track their progress over time. It’s essential to know… Continue reading How to Read a Balance Sheet & Truly Understand It

What Is the Average Bookkeeping Pricing for an Online Business?

  You need to know what range of bookkeeping pricing to expect when you run a business. Whether you intend to handle bookkeeping in-house or outsource the work, it’s one of those costs that can easily get out of hand is you’re not careful.   Why is Bookkeeping Important?   You need money to start… Continue reading What Is the Average Bookkeeping Pricing for an Online Business?

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