While we all have to keep our monthly books up to date for tax and other compliance reporting purposes, we should never stop there. Your books hold a wealth of information that you can use to run your business better.  Here are five reports you should never be without. Budget-to-Actual Profit and Loss Statement Hopefully, you’ve already seen how powerful the Profit and Loss Statement is. Let’s take it a deeper level and add budget
The Chart of Accounts is the backbone of your accounting records. It is a list of all of the accounts – bank, loan, asset, revenue, and expense – in your General Ledger, which holds all of your accounting transactions. Think of your Chart of Accounts as a collection of buckets that hold dollars of items related to your business. Each bucket should be meaningful and have a purpose. For example, if you have three checking
In 2020, the CARES Act created a new concept of tax credit called The Employee Retention Credit. This credit did not get a lot of publicity at the time because it was dwarfed by the Paycheck Protection Program and a pandemic. In December 2020, the Employee Retention Credit (ERC) was extended to June 30, 2021. On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA). ARPA extends the
Are you familiar with Clubhouse? This social media platform is still pretty new, but currently picking up steam. Perhaps one of the easiest ways to describe Clubhouse is like this: When you were a kid, did you ever hold a glass to a wall with your ear glued to it in order to hear the conversation in the next room? Clubhouse is kind of like that, only scaled and organized. Clubhouse is an audio-only platform

Cool Tech Tools: Airtable

Posted by Rayanne Buchianico on  June 3, 2021
Category: Cool Tech Tools
When it comes to running a successful business, how important is it to be organized? In a word: very. Now, how would you rank your organization skills? Honestly, the answer really doesn’t matter. We can always get help from technology, and this is where Airtable comes in. Airtable goes beyond spreadsheet solutions when it comes to tracking teams, projects, tasks, dates, and other information in your business. Cloud-based, Airtable allows you to organize information in