Steelpoint Blog
Bookkeeping tips for contractors and small businesses.
Cash Flow for Contractors: Why Profitable Businesses Still Run Short on Cash
Many contractors assume that if a business is profitable, there should always be money in the bank. Unfortunately, that is not always how business works. A contractor can…
Read article →Job Costing for Contractors: How to Know Which Jobs Make You Money
Many contractors judge a project’s success based on one simple question: “Did I make money?” Unfortunately, the answer is not always obvious. A project may generate significant revenue,…
Read article →Bookkeeping for Contractors: What Makes It Different From Other Businesses?
Not all bookkeeping is the same. A retail store, a consulting company, and a contractor may all earn revenue and pay expenses, but the way those businesses operate…
Read article →Missed Business Expenses: What Small Business Owners Often Forget to Track
Many small business owners are careful about tracking large expenses like rent, payroll, equipment, and supplier invoices. But smaller expenses are often missed. A quick fuel purchase, a…
Read article →Why Mixing Business and Personal Expenses Causes Bookkeeping Problems
When you’re running a small business, it’s easy to swipe whatever card is in your wallet or pay for a business expense from a personal account. Most business…
Read article →7 Common Bookkeeping Mistakes (And How to Avoid Them)
Bookkeeping is one of the most important parts of running a successful business, yet it is often one of the first tasks to fall behind when things get…
Read article →How to Stay Caught Up on Your Bookkeeping
Many business owners only think about bookkeeping when tax season approaches or when their accountant starts asking questions. Unfortunately, waiting until the end of the year often creates…
Read article →Catch-Up Bookkeeping: How a Bookkeeper fixes your books
Many business owners know their bookkeeping is behind, but they are not always sure what happens next. Do you hand over a pile of receipts? Do you need…
Read article →Behind on Bookkeeping? 7 Steps to Get Back on Track
Falling behind on bookkeeping is more common than most business owners think. When you are busy running jobs, serving customers, managing invoices, paying suppliers, and handling day-to-day problems,…
Read article →5 Reasons Monthly Bookkeeping Saves Time and Money
Many small business owners don’t think about bookkeeping until tax season arrives. Receipts get tossed into a drawer, invoices pile up, and bank transactions go unreconciled for months.…
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