by Juliya Moody | May 30, 2025 | Accounting, Bookkeeping
Paying Yourself Doesn’t Make You Greedy Some business owners think they have to wait until “the business makes more” to pay themselves. Others pay themselves last. Both are wrong. Enter: Profit First. What is it?A cash management method created by Mike Michalowicz...
by Juliya Moody | May 30, 2025 | Accounting, Bookkeeping
Sure, you love what you do—but if you’re not treating it like a real business, the IRS might not either. Plus, it’s hard to scale something you treat like a side project. What separates a business from a hobby? You operate to make a profit You keep good records You...
by Juliya Moody | May 29, 2025 | Accounting, Bookkeeping
No one likes chasing money. But if you do it right, you can collect what’s owed without turning into a villain in a soap opera. Your 3-step chase plan: Friendly Reminder: 3–5 days after due date Firm Follow-Up: 7–10 days, include late fees if applicable Final Notice:...
by Juliya Moody | May 29, 2025 | Accounting, Bookkeeping
Taking money upfront isn’t greedy—it’s just good business. Whether you’re a photographer or a consultant, deposits and retainers protect your time and sanity. Benefits of upfront payments: Better cash flow Fewer last-minute cancellations Weed out flaky clients How to...
by Juliya Moody | May 29, 2025 | Accounting, Bookkeeping
Strategies That Won’t Land You in Jail Let’s be real—chasing late payments is like trying to herd cats. But you don’t need to threaten, bribe, or sob (well, maybe a little sobbing). What to do: Set expectations early with clear contracts and payment terms Send...
by Juliya Moody | May 29, 2025 | Accounting, Bookkeeping
You sent the invoice. You waited. You heard nothing. Are your clients rude, or is your invoice a digital black hole? Common invoice mistakes: No due date Confusing layout or vague services No payment link or method listed Fix it fast: Use professional invoicing...
by Juliya Moody | May 28, 2025 | Accounting, Bookkeeping
Because “Oops” Isn’t a Strategy Picture this: It’s tax season. You open your laptop to pull a year’s worth of records. Then—nothing. Your hard drive died. Your receipts? Gone. Your accountant? Hyperventilating. Why backups matter: Prevent data loss from crashes,...
by Juliya Moody | May 28, 2025 | Accounting, Bookkeeping
Let’s face it—shiny apps are fun. But when it comes to your accounting tech stack, less is more. You need a system that works together, not a collection of disconnected tools throwing data into the void. The essentials: Core accounting platform (e.g., QuickBooks,...
by Juliya Moody | May 28, 2025 | Accounting, Bookkeeping
Signs You Need to Upgrade Still using a spreadsheet from 2013 named “Final_Budget_v10_FIXED”? You might need a software upgrade. Modern accounting tools can save you time, money, and your last shred of sanity. Signs your software belongs in a museum: No bank feed...
by Juliya Moody | May 27, 2025 | Accounting, Bookkeeping
Should You Trust a Robot With Your Books? We’re not saying a robot is coming for your job… but it might be better at reconciling accounts than your intern. AI in accounting is here—and it’s not going anywhere. Where AI shines: Auto-categorizing transactions...
