There’s an irony I see all too often in small business: owners willingly spend without hesitation on things that provide convenience or status—coffee runs, client dinners, software subscriptions that sit idle. Yet when it comes to investing in professional bookkeeping, many hesitate.
That hesitation is not just a budgeting quirk. It’s a blind spot that undermines businesses from the inside out.. Read More...
When it comes to running a small business, few things feel more overwhelming than keeping your finances in order. You didn’t start your company to get buried in spreadsheets and accounting jargon—you started it to pursue your passion. But the reality is, without strong financial systems, even the most promising businesses can struggle.
That’s where GAAP—Generally Accepted Accounting Principles—comes in. While GAAP is often associated with big corporations, its principles are just as valuable for small businesses. Let’s break down what GAAP is, why it matters, and how it can serve as a roadmap for best financial practices in your business. Read More...
When it comes to running a small business, few things feel more overwhelming than keeping your finances in order. You didn’t start your company to get buried in spreadsheets and accounting jargon—you started it to pursue your passion. But the reality is, without strong financial systems, even the most promising businesses can struggle.
That’s where GAAP—Generally Accepted Accounting Principles—comes in. While GAAP is often associated with big corporations, its principles are just as valuable for small businesses. Let’s break down what GAAP is, why it matters, and how it can serve as a roadmap for best financial practices in your business. Read More...
One of the most common financial pitfalls for small business owners is failing to keep business and personal finances separate. While it might feel harmless to swipe a personal card for a quick supply run or deposit client checks into a personal account, these small decisions can create major problems.
According to the IRS, poor recordkeeping and co-mingled accounts are leading reasons for audits. Beyond compliance, blurred financial lines can distort profitability, complicate tax filings, and even jeopardize personal liability protection if your business is structured as an LLC or corporation.... Read More...
A thriving business is built on more than sales and customer loyalty—it’s built on financial stability. Just as individuals rely on routine health checkups to stay on track, small business owners must regularly examine their financial “vitals” to catch risks early, identify opportunities, and make informed decisions.
Unfortunately, many owners get caught up in daily operations and push financial reviews to the back burner. The result?... Read More...
For small business owners, wearing multiple hats is part of the job. You’re responsible for sales, operations, marketing, and finances—all while keeping your customers happy. Amidst all this, sales tax compliance can easily slip through the cracks. Unfortunately, ignoring or mishandling sales tax obligations can result in costly penalties, unexpected audits, and damage to your business reputation.... Read More...
When most small business owners think about growth, they picture new clients, higher sales, or scaling into new markets. But behind every successful growth story is something less glamorous but equally important: solid bookkeeping. Proper financial recordkeeping doesn’t just keep you compliant with tax regulations—it lays the foundation for sustainable, long-term business success... Read More...
Bookkeeping is one of those business tasks that too often gets pushed aside. It’s not flashy, it doesn’t directly generate sales, and for many small business owners, it feels overwhelming or confusing. But here’s the truth: your books are the backbone of your business health. Without accurate and up-to-date financial records, it’s impossible to make informed decisions, secure funding, or even know if your business is truly profitable.... Read More...
For many business owners, managing compliance tasks can feel overwhelming—especially when it comes to tax reporting. One area that consistently causes confusion is the 1099 form. Whether you work with contractors, vendors, or freelancers, issuing 1099s correctly is a critical part of staying compliant with IRS requirements.
In this post, we’ll break down what 1099s are, how to issue 1099s for contractors, and how Browne Bookkeeping Services, Inc. can fully manage the process for you through our 1099 filing services for small businesses... Read More...
As the year wraps up, many small business owners are busy with holiday sales, client projects, and planning for the new year. But there’s one critical task you can’t afford to overlook: year-end bookkeeping.
Closing your books properly doesn’t just make tax season smoother—it also gives you a clear picture of your financial health and sets the stage for smarter decisions in the year ahead.... Read More...
Artificial Intelligence (AI) has become one of the most transformative technologies in modern business. From bookkeeping and financial reporting to payroll, client communication, and cybersecurity, AI systems promise speed, efficiency, and deeper insights.
But there’s a catch: AI doesn’t always play by the rules. Read More...
The way we work has changed dramatically in recent years. Remote teams, once considered unconventional, are now the norm for many industries—including bookkeeping and financial services. For small businesses and startups, the shift to remote work has opened up new opportunities to grow smarter, faster, and more efficiently... Read More...
Running a small business is exciting, but let’s be honest—keeping your books in order isn’t always the most glamorous part of entrepreneurship. Still, bookkeeping is the foundation of financial health. Without accurate records, it’s tough to understand cash flow, plan for taxes, or make smart business decisions.
AI is transforming bookkeeping for small businesses. Discover 5 ways artificial intelligence is reshaping accounting — and why human expertise is still essential.
Artificial intelligence (AI) is transforming industries — and bookkeeping is no exception. AI bookkeeping tools promise faster data entry, automated expense tracking, and real-time reporting. For many startups and small business owners, these tools seem like a dream come true.
Has your business grown past the point of you being the sole employee? Are you overwhelmed by the choices of payroll software available to you? Maybe you're wondering why you might need a payroll solution or when?
If we're honest with ourselves as small business owners, yes even bookkeepers, we all have something that we could improve upon in getting organized, staying organized and implementing systems that work for us verse us reinventing the wheel over and over as we go. Read More...
Do you have a business idea or growing small business and you're now in the thick of how should I be recording my business transactions? Let's break down the difference in cash verse accrual accounting and help you find the solution that's the best fit for your business.
You are on top of your numbers, your records are up to date and now you're trying to understand the health of your business, the story your numbers are telling. This is where your financial statements come into play and can help you understand and make informed decisions regarding your business.
At some point every small business will reach a point where the handling of accounting and the tax implications of the business begin to be too much for you as the business owner to juggle single handedly. When you've hit this state, we recommend the day to day bookkeeping as well as in depth accounting and tax filings be hired out to a bookkeeper AND a separate CPA. Getting you back to what you do best, growing your business!
Single-entry and double entry accounting (or single-entry and double-entry bookkeeping) are both methods of record keeping for a companies financial transaction data or books. Let's walk through the key differences between the two types and benefits and downsides to both.