Dear Abacus

Accounting is tough. So much of it is based on specific scenarios that there isn’t a clear blueprint for how to do it. This week, Abacus the Accountant takes on what you can and can’t expect from training a non-accountant in bookkeeping. Will it save you money? It’s a toss up. Read more in Dear Abacus.

There are so many options for accounting software out there that picking just one can be overwhelming. Here’s a bit of advice: there is no one size fits all for tech. This week, Abacus the Accountant breaks down what to look for in new tech, including what you need, who will use it, and more.

Wondering if you can expense that new car to your company’s bank account? The short answer is “talk with your financial advisor.” This week Abacus the Accountant takes on the complex (and common) question and talks personal vs. business loans, employee mileage reimbursement, and options. Read more in this week’s edition of Dear Abacus.

Thinking about giving back to your community by donating to charity? That’s amazing! This week Abacus the Accountant talks hammering out details, creating a formula to calculate your donation, and staying compliant in your books. Donating is great, but so is being tax compliant. Read more in this week’s edition of Dear Abacus.

There’s no better way to spread the word about your business than by giving out freebies. But did you know that those freebies aren’t actually free? This week, Abacus the Accountant takes on sales tax, who pays it and how much, and what to keep track of when you’re giving away freebies.

Growing businesses require a lot of financial information you might not get from a bookkeeper you only see once a year. Abacus the Accountant talks upping your game with growth and getting the most out of your current bookkeeping arrangement. Read more in this week’s edition of Dear Abacus.

Dear Accountant, I have an awesome accounting team. They send me my profit and loss statement every month like clockwork, which is great. When I get it, I usually just go right to the bottom of the page. I’m having trouble making sense of anything else. I try to read it and take it all […]

It’s fun and exciting to grow a hobby you’re passionate about into a full-blown business. But how do you know that your products are priced right? Abacus the Accountant takes on calculating your break even point, figuring out labor costs, and even taking into consideration your brand in this week’s edition of Dear Abacus.

There are tons of ways to pay yourself for your time spent in your business. Owners draw, taking money right out of the bank account, getting a regular paycheck. But what’s right and wrong for your business? Abacus the Accountant takes on the best (and legal) way to pay yourself in this week’s edition of Dear Abacus.

Being stuck between your passion and your pay is a hard place to be. Business is tough. The mechanics of business are, unfortunately, more complex than just being passionate. Abacus the Accountant talks making these hard decisions in business and what to do next in this week’s edition of Dear Abacus.