FreshBooks offers Double-Entry Accounting

Sylvia Inks
assets, equity, liabilities, QuickBooks alternative
No Comments
One the biggest struggles that I see most entrepreneurs make in dealing with their finances is that they don’t have an easy-to-use accounting tool that works for them. They either sign up for a tool that “everyone” and their CPA recommended (like QuickBooks), or they try to bootstrap to keep their expenses to an absolute…
small business owner getting cash from a bank teller

The Best Bank for Small Business Owners

Sylvia Inks
bank, business account, checking, fees
2 Comments
Choosing the best bank for a small business is a big step for many business owners. However, the right checking account can provide you with invaluable tools to grow your business finances—minus all the bloated banking fees. What is the best bank for a small business owner? One that has low fees and amazing customer…

The Diderot Effect: How It Affects Your Finances

Sylvia Inks
expenses, habits, sponsorship
4 Comments
In an effort to create better exercise and consistent writing habits this year, I recently read the book, Atomic Habits, by James Clear.  To start a new habit, Clear shares that one of his favorite strategy is called habit stacking.  After identifying a current habit that you already do each day, you stack your new…

How to Invoice Clients – Top 10 Must-Haves

Sylvia Inks
accounts receivable, customer service, FreshBooks, invoice, invoicing tool, payment, receipt
No Comments
When running your own business, getting paid for delivered products and services is key to your business survival. In order to get paid, you should have a way to invoice clients and send receipts – both for their records, as well as your own for taxes. While many entrepreneurs, independent contractors, and freelancers want to…

5 Simple Questions Most Small Business Owners Can’t Answer

Sylvia Inks
accounting tool, profit
No Comments
Many small business owners don’t like looking at their finances.  They’re usually afraid, ashamed, overwhelmed, or don’t know how to make sense of the numbers.  Or, they’ve signed up for an accounting tool that all their peers and CPAs are using, but find it too confusing and don’t even open it since they’re too busy…

Should You Pay to Stay at Conference Hotel?

Sylvia Inks
benefits, conference, costs
No Comments
Budgeting and attending at least one small business conference a year is a good goal for every entrepreneur. One of the biggest costs when calculating how much will it cost to attend small business conference is lodging, especially if the conference is over multiple days.  While the event organizers will typically have negotiated a group…

Conference Costs: How Much Should I Budget?

Sylvia Inks
afford, budget, costs
3 Comments
Attending a small business conference will help you grow your business in ways you can’t even imagine. But how much do conferences cost? Read on and I’ll spell out all the costs and why they are worth it. I’m a huge believer that entrepreneurs should attend at least one small business conference a year. You…

5 Secrets to Making Sure Your Customers Pay

Sylvia Inks
checks, fees, loss, outstanding invoices, payment
11 Comments
Each year, I drop off on average three to four pairs of shoes to be repaired, instead of dumping and buying a new pair.  It is usually significantly cheaper than buying a brand-new pair and will save time in trying to replace a favorite, yet discontinued, style. A couple of weeks ago, I walked into my local…

Can you and your business afford a sick day?

Sylvia Inks
Emergency fund, healthcare, virtual assistant
No Comments
As an entrepreneur, you’re likely trading time for money.  You probably feel like you can’t take a day off, especially if you’re the sole person working in your business.  If that’s the case, what happens when you’re sick or your family or loved ones are sick?  Can you afford to take a sick day to…

Payment Methods for Contractors – Tips and Best Options

Sylvia Inks
1099, independent contractor, irs, lawyer, tax, W-9
1 Comment
Discover the best payment methods for contractors. Should you pay them via cash or check? And what do you do if you don’t have a W-9? Paying independent contractors doesn’t have to be a headache. There are many tools out there that make this job easier for small business owners like you and me.  Let’s…
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