Owning more than one rental property can be a great way to create long-term wealth. However, not all properties are equally successful. Some properties make steady money and grow in value; others slowly bleed you dry with maintenance, vacancies, and other hidden costs. For many investors, the question is simply which properties are actually successful. […]
Most businessmen review their bank statements before making financial choices. When the balance appears healthy, they assume that the business is doing well. When it appears low, they are concerned about their finances. But your bank account doesn’t tell the whole story. A healthy bank account doesn’t necessarily indicate a profitable business, and a poor […]
Running a construction business is beyond completing projects on time. It’s great to get new jobs, but it’s only when you know if each job is profitable that you’ll be successful in the long term. Many contractors think they’re making money when they’re making money, but they are not aware of the hidden costs, incorrect […]
Many business owners believe that making a profit means good financial health for a business. Unfortunately, this is not always the case. A company may be profitable on paper but still not have cash to pay bills, pay its employees, or pay its suppliers. This is where a cash flow forecast can prove one of […]
Financial management of a business can be particularly daunting when you’re weighing the daily operations, customer service, payroll, taxes, and growth strategies. QuickBooks is a leading accounting software solution; however, many business owners find it difficult to tame. This is where a QuickBooks consultant can step in and help make a difference. A QuickBooks consultant […]
Efficient financial management is crucial for the success of any business. Whether it’s a startup, a fast-growing company, or an established company, it is important to keep books organized in order to make informed decisions, be compliant with taxes, and focus on achieving long-term growth. If your financial data gets messy from bookkeeping errors and […]
The bookkeeping needs for real estate investors are different than other industries. This article covers the differences and how a bookkeeper can help real estate investors
I am working with a client that has different lines of business under one LLC. She asked me how she could see metrics for each line of business to see where her profit was coming from. QuickBooks Online has a feature (a few actually, depending on your subscription level) that allows for that type of […]
Welcome to my inaugural blog post! I am the owner of Taylor Made Bookkeeping, thank you for visiting my business. From time to time I will share some thoughts, tips, and general information that I think you might find helpful as a fellow business owner. Today’s topic: Do I really need a bookkeeper? Running a […]