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.

Not Sure About the Roles of a Bookkeeper? Get It Straight from Us

A lot of people tend to confuse bookkeeping with accounting. But these two functions are different, well, to some extent. While accounting is a more senior organizational function, bookkeeping is more associated with small and medium businesses. This is one of the main differences between...

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3 Secrets to Running Your Business the Warren Buffet Way

Only countable individuals get to build truly sustainable businesses in their lifetimes. By a sustainable business, I mean one that can actually operate without your active participation. Source of image: https://pixabay.com/ Warren Buffet is one such person that has managed to create numerous successful businesses...

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Top Accounting Software Packages & Bookkeeping Applications to Look Out for in 2019

Let’s for a moment, imagine that all the business applications you know of today vanished in thin air; how would life be? Apart from losing data, I’m sure some would probably give up on their businesses altogether. Well, that situation can be likened to using...

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5 Telltale Signs You Need to Fire Your Bookkeeper

There’s no doubt that accounting and bookkeeping fundamentally require high levels of accuracy, efficiency, and effectiveness; if any of these ingredients is missing, you might not get the best out of the practice. Many people hire bookkeepers hastily either because they realized how messed up...

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3 New Tax Changes Every Business Needs to Be Aware Of in 2019

They say in life, only two things are certain – death and taxes. And since you’re still here reading this, the only thing you have to deal with is the latter. As a business owner, you find yourself battling with various issues in the business...

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Don’t Be Fooled! This Is Why Accountants and Bookkeepers Matter to Your Business

Here’s a quick one for you – have you ever come across a business that runs without an accountant or a bookkeeper and still thrives? If you have, then that has got to be one in a zillion. But don’t get this twisted; we are...

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Do these 4 things to guarantee your business survival in 2019

Starting a business is one thing; but running it successfully is a whole different thing altogether. Sometime back, I remember reading a publication by Forbes that revealed that more than 90% of startups ultimately fail. But one couldn't help but wonder, what are the 10%...

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5 Sure Ways of Spotting a Rogue Bookkeeper/Accountant

Many a time small businesses find it useful to outsource a portion of their operations perhaps to concentrate on those they consider to be of greater importance. One of the popular arms of a business that gets outsourced is the bookkeeping/accounting function. Smart businesses know...

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Not Sure What Matters in Your Income Statement? These 5 Things Do

Financial statements can sometimes be confusing, especially to individuals with little to no financial education background or experience; but it could get even worse when as a business owner, you’re unable to comprehend facts and figures in your Income Statement. And even if you had...

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How Bookkeeping Mistakes Affect Your Tax Bill

In this day and age, businesses have many things to worry about – some include sales revenue targets, employee retention, laws, competition, just to name but a few. Now imagine this…You have a full-time accountant/bookkeeper who takes care of your books of account and only...

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