Profit Matters Bookkeeping Blog

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We are going to be writing about so much cool stuff to help you grow your business, understand your financials and extract actionable insights. Our team will share with you how cloud, robotic automation, machine learning and AI is changing the way accounting will be done in the future. Sign up for our newsletter and check out our blog every Wednesday. You will also find useful business resources and tools.

Podcast: The Anatomy of the Financial Statement

Dr. Cortney Baker and Ashley Altum are getting crazy on this episode as they dissect the insides of the financial statement. You may think to yourself, “I have a bookkeeper so I don’t need to know this”…I understand, but in fact you DO need to...

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Podcast: The Poor Balance Sheet

Buckle up, we’re going on a crazy ride this episode as Ashley and Cortney throw words at us like “balance sheet”, “equity”, “assets”, and “liabilities!” Those words sound more terrifying than funny, but somehow these two experts make you laugh (and not feel like a...

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Podcast: What in the actual world is cash flow?

Shit is hitting the fan with this economy. Small businesses are scared, large businesses are on the edge of their seat, hell I’m personally scared almost every day! How do I keep income coming in? Where do I make cuts in my business? Do I...

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A Small Business Guide to Surviving the Coronavirus Shutdown

If you run a non-essential business, you’re likely feeling the bitter effects of the coronavirus shutdown. And you’re not alone! Small businesses across the country are navigating difficult decisions due to the pandemic, making drastic changes to their daily operations to keep their revenue flowing....

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How Smart Planning Can Help Your Business Avoid Inventory Management Issues

For all the time you put into your business, achieving success takes more than just hard work. You also need smart planning for how you work so that your efforts are effective. And if your business involves keeping stock on hand, smart planning has to...

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Five Cost Cutting Tips During Tough Economic Times

Small financial moves can make a big difference for small business owners during economic turbulence.   All I keep seeing in my inbox this week is Coronavirus COVID-19 updates.  I am exhausted with all of it, but I do keep thinking of all of the businesses...

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How to Get Out of Debt For Good Using These 7 Powerful Tips

You may be tempted to leave this page or leave this window open to read another time. That is not how you should treat this page. Read and most importantly, act on these simple 7 steps on how to get out of debt for good....

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Accounting vs Bookkeeping

There is a great deal of confusion between the terms bookkeeping and accounting. These terms are often used interchangeably, but they represent different aspects of finance. Bookkeeping is concerned with recording financial transactions. Accounting is a broader term that encompasses the analysis, reporting, and interpretation...

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3 Affordable Upgrades to Modernize Your Small Business

Are you avoiding upgrading business technology due to high upfront costs? While staying low-tech may seem like a smart way to maintain your small business’s profit margins, failing to keep up with the times could do your business more harm than good. Not only does...

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Common Bookkeeping Mistakes You’re Probably Making Today

There’s no arguing about it – No one is perfect. Even big corporations make accounting mistakes all the time. But with the emergence of new and improved technologies, certain accounting and bookkeeping mistakes ought to have significantly reduced, if not eliminated. Today, we take a...

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