When business owners get turned down for financing, they usually blame the bank. But more often than not, the problem is sitting inside their own books. Lenders don’t just look at your revenue; they want confidence that your numbers are accurate, organized, and telling the right story. Poor bookkeeping habits can tank your loan application—even … Read more
It might feel harmless to swipe your business card for something personal—or vice versa—but mixing business and personal expenses in your ledger is one of the fastest ways to create chaos in your books and raise red flags with the IRS. From lost deductions to potential audits, the risks aren’t worth the convenience. How Mixing … Read more
It happens silently, without alarms or flashing warnings. Unreconciled accounts—whether bank accounts or credit card accounts—can quietly distort your income and sabotage profitability. When your books don’t match your actual balances, you’re not seeing the truth about your business’s finances. If your profit and loss reports feel “off,” unreconciled accounts might be to blame. Let’s … Read more
