Blog
007 – Building A Business On Purpose
Building a growing, thriving, successful business isn’t a given. It won’t just fall out of the sky… you can’t just build it and the customers will come. Over the years, I’ve made a few observations, my informal case study, into what makes for a successful business....
read more006 – The Truth About 6 Figures
Six Figures isn’t all that it’s cracked up to be, especially when there seems to be a moving target & every changing definition that suits the exclaimer… I’m calling BS on 6 figure claims in marketing…it’s bothersome and frustrating unless you ask the right...
read more005 – Surviving Tax Time
Tax time can be stressful for anyone but it really doesn’t have to be. As a reformed tax preparer, I have a few tips, tricks & hacks that will de-stress tax time for you, your family and your tax person (if you have one). What we’re chatting about in this...
read more004 – Money & Metrics
Every Monday is affectionately referred to as Money & Metrics Monday here with Team Common Cents. It’s when we stop and take stock of our progress and make plans for the coming week. It’s also what we do for our clients on Client Time Tuesdays. What we’re...
read more003 – Selecting The Right One For Your Business (The Right Accounting Software)
If you’re in any small business groups on Facebook or LinkedIn, you’ve probably seen this question or if you’re running a business, you may have asked this question yourself. “What accounting software should I use?” The question is easy enough but it’s complicated at...
read more002 – Fall in love with your business…by the numbers
Falling back in love with your business isn’t easy, especially when you don’t like your business very much anymore because you’re overwhelmed and burned out...That’s what happened to our host. Let’s listen in on her story of what she did to get that old thing back...
read more001 – What To Expect From The 2 Cents Business Podcast
In this inaugural episode, our host, Joyce M. Washington, CPA, introduces herself and gives you the skinny on why she started this podcast. It may involve some choice words and tears. (Not really). What’s discussed in this episode: How this podcast escaped from...
read moreNumbers To Grow On: The KPIs Every Business Owner Needs To Know
Everybody talks about knowing your numbers and KPIs. But what are they? What can they help you determine? What kinds of questions can they answer? For starters… they can answer questions like: What are the warning signs in your business? What are the growth...
read moreReading Financial Statements – What To Look For
Unless you have spent years studying bookkeeping and accounting, looking at financial statements probably makes your eyes cross and makes your head hurt. But it doesn’t have to be that way…I’m gonna give you the lowdown. What to look for when reviewing your numbers...
read moreBookkeeping Versus Accounting: What’s The Difference?
Before we dive into the technical distinctions of what it what… who is who...who should be doing what and when. Let me start with asking you a question… did you know that there IS a difference? The difference between bookkeeping and accounting. Before we dive into the...
read moreCash Flow 101 – What You Need To Really Grow Your Business
Are you where you want to be in your business? Are you still sitting at the kiddie table? Or have you and your business grown up? If you’re still at the kiddie table and you want to play with the big boys (and girls), it’s time for your business to grow up. Otherwise...
read moreAccounts Payable 101 – Making Sure You Pay What You Owe
As promised, let’s continue the modified cash basis conversation that we started over here in the Accounts Receivable 101 convo... If you want a better picture than a cash-basis** financial statement can give, in additional to tracking what your customers owe you...
read moreAccounts Receivable 101 – How To Make Sure You Get Paid
Want to get a better handle on your business' cashflow? Here are the basics of invoicing and accounts receivable for the non-accountant (and newbie bookkeeper). I see it all the time. New business owners want to get paid so desperately that they don’t set up a proper...
read moreBookkeeping Basics – What To Do & Why You Need To Do It
Starting a business is the fun part, running a business is where all the work come is. One of the never-ending tasks that's on the MUST DO list is bookkeeping. But what is it really? What does it entail? They tell you that you have to do it but they never really get...
read moreYour Books Are Messy…Clean Them Up
Messy Books And The Cleanup - How To Get From Under That Pile of Paper And Back On Track So I was talking to a client the other day. A client that was overworked and overwhelmed. One who found himself taking over the books from his former bookkeeper. And I could hear...
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