Tag Archives: accounting

Cloud Based Accounting Software For Your Home Based Business

      Whether you already own your own business or you are in the planning stage, accounting is something that may be on your mind. Keeping track of the money that flows into and out of your home – based business is important for many reasons, not the least of which is making sure that you (and your bills) get paid. Choosing an accounting system or method does not have to be painful. In fact, small and home – based businesses now have more options than ever for meeting their accounting needs. Some people prefer to keep traditional records … Continue reading →

Island Hopping: Nantucket

I grew up on an island and I would be a rich woman today if I could have collected a dime from every person who uttered these words to me over the last three decades: “Hawaii is a great place to visit, but I sure couldn’t afford to live here.” I have a feeling that residents of Nantucket get a lot of the same. The only difference is that most of them are already rich. It’s true; statistics show that most of the island’s residents are second-homeowners who spend the peak summer season in their multi-million dollar oceanfront pads. If … Continue reading →

Numbers, Numbers, Numbers

I do not particularly like Math. In fact, when I finished my bachelor’s degree, I did everything I could to avoid taking a single math class, or a science class that required much math. I am just not keen on having to work with numbers. Now, as all of you other home business owners out there know–there is just no way to run your own business, without having to do some work with numbers. Even if we cannot stand math and don’t consider numbers to be our friends, we do have to learn some basic bookkeeping, money management and for … Continue reading →

Do You Know the Difference Between an Invoice and a Purchase Order?

Starting your own home business can mean that a person needs to become educated and business-savvy very quickly. While some of us have a background in business and a better handle on terms and contracts—others of us have to create a very short learning curve in order to get up to speed and operate our home businesses. A lot of the terminology and details in the business world can be confusing. I thought I would focus on some of the basics and offer a brief explanation of the difference between and “invoice” and a “purchase order.” Many people use them … Continue reading →

Home Business: Taxes

Filing your taxes can be a hand wringing, nerve wracking experience, especially when you have a new home business and are unfamiliar with tax codes. While there are many resources available to help you learn more about taxes, including which deductions you should claim and which ones send up a red flag, you may be better off hiring a tax professional at least when you are starting out. You do not want to make mistakes early on that could cause you to lose your business before you really get it going. To learn more about taxes, visit the IRS and … Continue reading →