The H+Co Blog
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The Financial Accounts Setup Guide Every Small Business Needs {FREE Download}
It’s time to prioritize and set up your business’s financial accounts properly. Have you been winging it or meaning to “get to it soon”? Well, now it’s time to get specific and clear. Download our FREE PDF with a step-by-step guide that outlines practical action items to help you get and stay organized with your finances so you can avoid costly mistakes and grow your business with confidence.
Do I Really Need a Bookkeeper as a Small Business Owner?
Bookkeeping comes with the territory of running a small business. Can you get away with doing your own bookkeeping as a small business owner? Technically…but you’d likely be leaving money and tax credits on the table. Lane walks you through what to consider if you’re thinking about DIY-ing your bookkeeping in this blog.
Avoid These 3 Bookkeeping Issues & Use Quickbooks Connections Right
Trust us, you do not want to make these bookkeeping mistakes in Quickbooks Online. Get practical steps for setting up your bank and account connections so your data imports automatically and smoothly and learn about 3 common connection mistakes to avoid (and what to do if you already stepped in it). If you use Quickbooks Online, save yourself the stress and headaches of messing up your bookkeeping and be sure to read this blog.
The Problem with Bare Minimum Bookkeeping
Every business has to do bookkeeping. It’s one of those “comes with the territory of having a business” things. Sure, you have to do your books for taxes every year, but have you considered the other benefits of keeping good books? Have you thought about how valuable your bookkeeping can be for building a healthy, growing business?
What’s your Run Rate?
If you think I’m asking you how fast you can run a mile, then make sure you read this blog!
Run rate is a simple and quick way to help you forecast your financials. It looks at what you have done in the past (revenue, profit, expenses, etc.) and replicates it moving forward into the future for the rest of the year.
My goal here is that by the end of this blog you not only know what your run rate is, but you also know how to consistently be aware of it.
Find the Best Bank and Credit Card for Your Small Business
Banks are in the headlines most days right now. Another one failed. Another one at risk of failure. Another large bank acquires a small bank, yet once again.
It seems like a suitable time for us at Hoffbeck + Co to share with you all what we believe are the best banks for your small business. While we are at it, we will throw in our favorite small business credit cards as well.
4 Common Mistakes Startups Make
We've broken down four common mistakes startups make over and over again. Too many small businesses fail. Don't be one of them.
Will there be enough money for you?
We are moments away from being able to access our stimulus money from the CARES Act Payment Protection Program, and I don’t want you to miss out. The problem is there might not be enough money. CNBC has already stated there is speculation that all of the money will be claimed by end of day Friday 4/3/20 or by the end of the first week.
We believe business can be a force for good.
Let’s be real: Being an entrepreneur is so much freakin’ work. It can be super stressful. It often feels like you’re on an island and have to figure everything out alone. You bootstrap. You hustle. You work like hell.
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