Bookkeeping

Master bookkeeping with expert tips for effective financial management. Unlock insights now!

laptop and a person holding a calculator

The Future of Bookkeeping: Embracing Technology for Efficient Financial Management

In the ever-evolving landscape of business, one aspect that has seen significant transformation is bookkeeping. Traditionally confined to ledgers and manual calculations, bookkeeping has embarked on a journey of digitization and automation, reshaping how businesses manage their financial records. As we find ourselves at the crossroads of technology and finance, it’s evident that innovation, efficiency, […]

The Future of Bookkeeping: Embracing Technology for Efficient Financial Management Read More »

small business owner

Understanding Break-Even Analysis: A Comprehensive Guide for Business Owners

Running a successful business requires more than just offering great products or services; it also involves a keen understanding of your financials. One critical financial tool that every business owner should be familiar with is break-even analysis. Break-even analysis helps you determine the point at which your business starts to generate profit, which is fundamental

Understanding Break-Even Analysis: A Comprehensive Guide for Business Owners Read More »

balance sheet

What insights can be gained from the Balance Sheet?

The balance sheet is another essential financial statement that provides valuable insights into a small business’s financial position at a specific point in time. It presents a snapshot of the business’s assets, liabilities, and equity and offers a different perspective from the profit and loss statement. Here are some key things a small business owner

What insights can be gained from the Balance Sheet? Read More »

profit and loss concept - Fogg Bookkeeping

Small Business Owner Insights: What is the Profit and Loss (Income) Statement?

A small business owner can learn a wealth of valuable information from their profit and loss statement (also known as an income statement). This financial statement summarizes the business’s revenues, expenses, and profits (or losses) over a specific period. Here are some key insights a small business owner can gain from analyzing their profit and

Small Business Owner Insights: What is the Profit and Loss (Income) Statement? Read More »

Dealing with Inflation - Fogg Bookkeeping Services, LLC

Challenges for Small Business Owners: Dealing with Inflation and Price Increases

According to Guidant Financials blog “Top Trends and Challenges Facing Small Businesses: Guidant’s Small Business Trends 2023”, one of the top challenges facing Small Businesses in 2023 is inflation and price increases. Of course, we didn’t need an article to tell us this. We experience it at the grocery store or the gas pump. For

Challenges for Small Business Owners: Dealing with Inflation and Price Increases Read More »

business-finance

The Essential Guide: What Small Business Owners Should Know Before Hiring a Bookkeeper

For small business owners, maintaining accurate and organized financial records is crucial for long-term success. This responsibility often falls on a bookkeeper as the company’s financial transactions manager. Selecting the right bookkeeper is a serious decision, as their role can significantly impact the business’s financial health. In this article, I’ll share the key aspects that

The Essential Guide: What Small Business Owners Should Know Before Hiring a Bookkeeper Read More »

Scroll to Top