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Stress Over Your Small Business Finances Keeping You Awake? Try These Tips

by Tracey Hrica May 09, 2024

Are you tossing and turning at night, unable to shake off the weight of financial stress? The link between money worries and stress is well-documented. According to a 2023 study by Bankrate, more than HALF of Americans name money as the number one stressor in their lives. May is Mental Health Awareness Month, so I want to chat about the effect finances can have on your mental health. To put it into perspective, in the study, money was c...

Five Important Post-Tax Season Actions for Small Business Owners

by Tracey Hrica Apr 24, 2024

Just submitted your taxes? A sigh of relief, isn't it? Yet, it is not quite the time to kick back and relax just yet. Let's talk about some essential post-tax season actions that can keep your business financially secure and well-organized. Remember the age-old anecdote of the ant and the grasshopper? The ant worked tirelessly all summer, planning for the winter, while the grasshopper sang and danced without a thought for the future. We...

Want to See the Hidden Narrative Behind Your Business Performance Metrics?

by Tracey Hrica Apr 04, 2024

Do you ever feel like your business numbers are speaking a language you can't quite understand? It's time to uncover the untold story behind those financial figures. By digging deep into your data, you can uncover hidden insights that will have a profound impact on your profits. Remember when you first started your venture? Those figures in your financial records were just numbers. But, as time went on, they started to tell a story. Eac...

9 Sustainable Business Growth Strategies For First Time Business Owners

by Tracey Hrica Mar 25, 2024

Picture this. It's six years from now, and you're running your business with more focus and peace of mind than ever before. Sounds great, right? As small business owners, our ultimate goal is to achieve sustainable growth and financial success. But how do you navigate the complex world of small business to ensure your company thrives in the long run? In this article, we will explore the essential strategies and tools you need to set and...

How to Master Business Credit Cards and Successfully Eliminate Debt

by Tracey Hrica Dec 05, 2023

As a small business owner, managing finances can be a tricky balancing act.  Business credit cards can be a valuable tool to keep your finances in check, but it's essential to use them wisely.  In the vast ocean of business finance, a tiny piece of plastic can be a powerful sail or an anchor—depending on how we use it.  As small business owners, we often reach for this tool without a second thought.  As an accountant, I've seen fi...

Financial Mastery: How $10,000 and Smart Financial Decisions Led to Small Business Success

by Tracey Hrica Sep 30, 2023

Starting a business can be compared to brewing a perfect cup of coffee.  You need the right blend of beans, water temperature, grind size, and timing.  But what happens when you start your blend with limited resources?  Tom's journey of launching a coffee shop with just $10,000 has lessons sprinkled with hope, resilience, and astute decision-making. The Dream: Tom was not just another coffee lover.  He dreamt of owning a coffee shop...

Six Financial Strategies Every Etsy Seller Should Embrace

by Tracey Hrica Aug 30, 2023

Ever wonder how some Etsy shops seem to thrive seamlessly while others face endless struggles? The difference often lies not in the products themselves but in the financial strategies backing those businesses.  Here's an insight into the success of Sarah, an Etsy seller just like you, and how these strategies changed her game. When Sarah first approached me, her challenges mirrored those of many Etsy sellers.  Her income was inconsist...

From Chaos to Clarity: The Power of Bookkeeping for Small Business Owners

by Tracey Hrica Aug 15, 2023

The Role of Bookkeeping in Small Business Strategy For many small business owners, eyes are often set on the future, filled with innovative visions and growth strategies. While being forward-thinking is crucial, so is managing the intricate details of day-to-day operations, particularly financial ones. Amidst the hustle and bustle of running a business, it's easy to push aside thoughts about invoices, expenditures, and cash flow. Howeve...

QuickBooks Made Easy: A Step-by-Step Guide for Small Business Owners

by Tracey Hrica Jul 25, 2023

As an accountant, I often found myself advising small business owners on how to strengthen their financial foundations. While discussing bookkeeping, I couldn't help but draw parallels between managing finances and taking on a DIY home improvement project. Picture this: You've just bought your dream fixer-upper—a quaint little cottage with enormous potential. You know that by putting in some sweat equity, you can turn it into a cozy h...

How To Use The New Pay Down Credit Card Feature In QuickBooks Online

by Tracey Hrica, EA Jul 01, 2023

Many QuickBooks Online users are unsure how to record a credit card payment. Should you write a check or create a transfer? How should you categorize it? Many users will mistakenly record the payment as an expense. When this happens, the payment doesn't reduce the credit card liability account on the balance sheet as it is supposed to. It also incorrectly doubles up expenses on the Profit & Loss statement. You should have already en...

Latest Articles

Stress Over Your Small Business Finances Keeping You Awake? Try These Tips

Are you tossing and turning at night, unable to sh...


Five Important Post-Tax Season Actions for Small Business Owners

Just submitted your taxes? A sigh of relief, isn't...


Want to See the Hidden Narrative Behind Your Business Performance Metrics?

Do you ever feel like your business numbers are sp...


9 Sustainable Business Growth Strategies For First Time Business Owners

Picture this. It's six years from now, and you're ...


How to Master Business Credit Cards and Successfully Eliminate Debt

As a small business owner, managing finances can b...