Build Your Books

Don’t wait for the meltdown! 😱 Let us help you before you turn into a full-on drama llama! 🦙💥

Feeling overwhelmed? 🤯 Let us help you before you have a meltdown! ✨

What’s your least favorite thing about owning your own business? 🤔

Vote below and share your thoughts! 👇💬

📊💰 The Fed Funds Rate is on the move! 📈

💸✨ Are you making the most of your savings? Higher rates can mean better returns on savings accounts.

Emergency Fund Tip: Stash it in a high-yield savings account and let it grow while staying safe! Your cash earns interest, stays accessible, and works harder for you. 🙌

🌟 Accountant vs. Bookkeeper: What’s the Difference? 📊✨

Ever wondered what the difference is between an accountant and a bookkeeper? Let’s break it down!

🔹 Bookkeeper: Manages daily financial tasks—recording transactions, handling invoices, and reconciling statements.

🔹 Accountant (think CFO): They take that data, analyze trends, create financial reports, and help make big decisions for your business. Think of them as your financial strategist. Some accountants also prepare taxes, but we don't—our focus is on helping you manage and grow your business!

👋 And yes, we do all of that at Build Your Books 💼



Got questions? Drop them below! 👇

We work with all types of business setups, from LLCs to C-Corps and everything in between! Your structure impacts taxes, liability, and growth, but don’t worry—we’ve got your back no matter your choice. Curious to see what’s most popular among our followers! Drop your answer below and let’s chat! 💬👇
1️⃣ LLC
2️⃣ S-Corp
3️⃣ C-Corp
4️⃣ Sole Proprietorship
5️⃣ Not sure yet! 🤔

🔎 Is Your Balance Sheet Balanced? 🔎

Wondering if your balance sheet is on point? Here’s a quick checklist:

1️⃣ Check the Equation: Assets = Liabilities + Equity. It should always balance!

2️⃣ Review Sections:
Assets: Are all your assets listed?
Liabilities: Have you accounted for everything you owe?
Equity: Is your owner’s equity correct?

3️⃣ Verify Totals: Make sure your totals match up:

Total Assets = Total Liabilities + Equity
4️⃣ Reconcile Accounts: Ensure everything from bank statements to inventory is accurate.

5️⃣ Compare with Past: Look for trends or inconsistencies compared to previous periods.

6️⃣ Use Financial Tools: Leverage software to spot imbalances.

7️⃣ Consult an Expert: When in doubt, get a professional accountant to review.

Why Does It Matter?: This is your company's net worth statement. It helps with decisions, financing, or getting ready to sell your business. You won't have a good picture of what you own and what you owe unless this statement is correct. Make sure it’s clear and accurate! 💼📊

🗳️ Poll Time! 🗳️

Do you use offshore contractors for your business?
1️⃣ Yes, regularly
2️⃣ Occasionally
3️⃣ No, but considering it
4️⃣ No, not interested

Let’s see how many businesses are tapping into global talent! 🌍💼

📊 Did you know? 📊

78.5% of firms have fewer than 10 employees! 😲

Whether you’re a one-person show or have a small but mighty team, you’re in great company. Small businesses are the backbone of our economy, showing that you don’t need a big crew to make a big impact! 💪

Keep hustling, and remember—every employee counts, especially when they’re helping your biz thrive. 🛠️🚀

Check out more stats from the Small Business & Entrepreneurship Council: SBECouncil.org

Gross profit vs. Net profit: What's the difference? 🤔

Gross profit is your revenue minus the cost of goods sold. It's like your pre-tax paycheck. 💰

Net profit is your revenue minus all expenses (including taxes, rent, salaries, etc.). It's your actual take-home pay. 💸

Knowing the difference is key to understanding your business's financial health. 📊

We're over the moon with this amazing feedback! ✨🌟 Thank you, Shannon, for sharing your experience. Your trust means the world to us. ❤️

https://i.mtr.cool/vyxktwsana

What's your favorite part about being your own boss? 👑 Let's celebrate the perks of entrepreneurship together! Share your wins below. 👇

Hey there, small biz owners! ✌️ What do you want to learn more about with your bookkeeping and/or cash flow? Payroll? Expense tracking? Understanding financial statements? Or maybe you're just feeling overwhelmed.

Whatever it is, drop a comment below! We're here to help and want to know what you need. Let's chat!
https://i.mtr.cool/zbnnokbgbi

Is your emergency fund big enough to weather a storm? ⛈️

Many businesses aim for an emergency fund that covers 3-6 months of operating expenses. This may be high or it may be low, depending on your business and your operations.💰

Where does your business stand? Share your savings thoughts below! 👇

https://i.mtr.cool/urptudgmpv

"Which platform is powering your online empire? 👑

WooCommerce and Shopify dominate the e-commerce world! These top 10 selling platforms are helping businesses of all sizes thrive. 🚀

"

📚 Educational Tip: Simple 1st Rule of Budgeting! 💡
The first rule of budgeting is simple: Track Your Pennies 💵➡️💰

Here's how to get started:
1. Track Your Income: Know exactly how much you bring in.
2. Monitor Your Expenses: Keep an eye on where your money goes.
3. Prioritize Savings: Sustainable businesses prioritize savings

Need help setting up a budget? We're here for you. 👉https://i.mtr.cool/ebqwkgoxwv

🌟 Client Review Spotlight! 🌟

🚨 Survey Time! 🚨

We want to hear from you! 📣

What do you hate doing the most when it comes to bookkeeping?

A) Reconciling accounts 🔄
B) Tracking expenses 💸
C) Managing invoices 📄
D) Generating reports 📊

Comment below with your least favorite task! ⬇️

Let us handle the things you hate, so you can focus on what you love. 💼❤️ https://i.mtr.cool/ppowqonrvd

QBO & Bank Balance Mismatch? 🏦

Seeing a difference? Quick fixes:
- Pending transactions?
- Duplicate entries?
- Missing transactions?
- Bank errors?

Need help? Reach out! 💡✨ https://i.mtr.cool/tpfoichnel

📊 Key Margins to Measure Business Profitability 📊

Understanding these margins can help you understand your business's financial health and spot areas for improvement! 💡

1. Gross Profit Margin - measures profitability related to their direct costs🏭
2. Operating Profit Margin - measures profitability after covering operating costs⚙️
3. Net Profit Margin - measures profitability after covering all expenses💰
4. EBITDA Margin - measures profitability excluding non-operating expenses📉
5. Contribution Margin - measures profitability of specific products or services📦
6. Pre-Tax Profit Margin - measures profitability before taxes 🧾

🌟 What are KPI's? And how would I use them? 🌟

A KPI (Key Performance Indicator) is a company statistic. It tells you how well your company is doing in a certain area. They are essential tools that help organizations assess success in reaching targets.

✨ High-Level KPIs focus on overall performance.
✨ Low-Level KPIs target specific departments like sales or HR.
✨ Financial KPIs include revenue growth and profit margins.
✨ Non-Financial KPIs encompass customer satisfaction and employee engagement.

When KPIs are set right, they guide decisions and shape effective strategies. Start leveraging KPIs today to drive your business towards success! 🚀

Schedule a chat to see how we can help 👉 https://i.mtr.cool/wpvgwyuuph