The chart of accounts influences how your financial statements look. The accounts in the chart of accounts are the same accounts you will use when you categorize transactions in the bank feed. Your categorization of transactions is what then produces your Profit & Loss Statement. To make your Profit & Loss more relevant and easy to read, you need to take the time to set up our chart of accounts when you first sign up for QuickBooks. The video below will walk you through exactly what to do.
To make this process easier for you, I've created a FREE .csv file that you can download to help you customize your chart of accounts for your blog. Just click the button below and enter your name and email address, and the form will be sent to you.
Blogging is a rewarding job. You get to impact others with your experience and expertise. But for most bloggers, the most dreaded part of the job is bookkeeping. It’s even scarier than tech. That’s why I put together this Ultimate Guide to Blog Bookkeeping. As an accountant, my superpower is taking the pain out of
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I’ll let everyone else tell you how to generate revenue from your blog. I’m going to explain how to make sure you have a profitable blog! Isn’t revenue and profit the same thing? Nope. Revenue is the amount of money your blog business brings in. Profit is what’s leftover after you’ve paid all of your
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Whether you do your own blog taxes, or you hire someone to do them for you, if you understand your blog tax deduction possibilities, it will save you money. The more you know, the more you can track correctly, and capitalize on legitimate tax saving opportunities. Let’s get started!More…Blog Tax DeductionsThis post is for informational
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Building a successful business is exciting, but it also stretches you. But like a savvy business owner, you realize the importance of ongoing education, and you’re committed to learning everything you can in order to grow. As part of your growth strategy, you might decide to attend an out of town business conference that’s relevant
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Taxes. The word strikes fear in most small business owners. They prefer the ostrich approach to taxes–if I keep avoiding it, everything will be ok. But as much as you dread filing your taxes, it is a necessity. So let’s walk through some of the potentially confusing things together. In this post, I’ll cover the
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It has taken a lot of hard work, but you are finally earning income from your blog. That’s the good news. The not so good news is that you need to report your income to the IRS. This post will help explain how you can save money by recording and deducting eligible blog expenses. Many people feel overwhelmed
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