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Category: Money Matters

TIME & MONEY, THE RELATIONSHIP BETWEEN THE TWO

March 25, 2019
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Time is money.  It’s not cliché or maybe it is, but it is also very true!  When you waste time, you are wasting money. The way we as people use or misuse time is everything!  Procrastinators are always broke (a word, I HATE! A word, I try never to use) or in between financial manifestation. Procrastinators spend their time hoping, wishing and dreaming.  To turn time into money; requires strategy, planning, strategic thinking and implementation. Everyone has the same…

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TIME IS MONEY!

March 15, 2019
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TIME IS $ We repeat that statement as a cliché but it is far from that! Time is MONEY! 90% of business owners that do not file their business taxes on time are those who lack bookkeeping services.  Most people think or underestimate the importance of bookkeeping and assume it’s filing of receipts, something that they can do themselves, which is NOT TRUE!  Every year unfortunately to save a minimum amount of money will lose thousands of dollars through:…

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IT’S A MATTER OF YOUR VIEW; Doing it All isn’t soo glamorous!

March 4, 2019
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IT’S A MATTER OF YOUR VIEW BOOKKEEPERS SERVE PURPOSE Entrepreneurs never enjoy a person telling them what to do or how to do it; it’s the reason that they went into business for his or herself.  One of the first lessons most entrepreneurs adopt from the companies that they work for is regulating overhead.  Rather than immediately hire people, the entrepreneur plays all parts in the beginning and rightly so, however, how long is the beginning?  What’s the plan…

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MONEY TIPS

February 27, 2019
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Money Tip: Create multiple accounts for distributing of your money.  Have an entertainment account where you put money aside to cover your meals and entertainment. Have a separate account to pay bills only.  If you have items that are debited directly from your account, have a separate account for those items.  Then have a savings account and an emergency fund account which are NOT the same thing.  Sounds excessive but when managed, it places your finances in order and…

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TAX MYTHS & MIS-TRUTHS DEBUNKED

February 20, 2019
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TAX MYTHS & CONFUSION DEBUNKED & EXPLAINED Every year, people wrestle with tax information and this year with the new tax laws is no different. Things you should know:  EVERYTHING YOU HEAR FROM FRIENDS, CO-WORKERS ISN’T TRUE – I know people say all the time, the things that they heard about the law, the amount that they got back.  The things that they carried on their return, but unless you see it, don’t believe it! I don’t know people…

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CONSULTING IS DESIGNED TO MEET YOUR NEEDS ENTREPRENEUR

February 12, 2019
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Elite Expert Business Solutions offers solutions to the dilemma’s, challenges and business problems.  Those services are provided through bookkeeping, payroll services, human resource services and consulting. There have been several potential clients that while they understand bookkeeping, payroll and maybe human resource services, find it difficult to accept or add the consulting to their package. It can be better explained in this manner: “While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and…

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RECONCILIATIONS REVEAL

January 29, 2019
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Reconcile means to make (one account) consistent with another, especially by allowing for transactions begun but not yet completed.  It is a term used in accounting often. One of the best things bookkeeping will do for any entrepreneur or small business is to reconcile accounts.  The reconciliation process is intense and detailed.  Any flaw with a system or in payment distribution and/or receipt of payment will be found when an account is being reconciled!  There are times when a…

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SYSTEMS MATTER: YOUR LACK OF SYSTEMS IS KILLING YOUR CASH FLOW

January 25, 2019
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SYSTEMS! SYSTEMS! SYSTEMS! I cannot emphasize the importance of systems in a business! As an entrepreneur starting your own company, thinking about systems really isn’t the first thing on your mind but it should be!  Bookkeeping is systematic method for the recording of finances received and finances disbursed! It is also fundamental in creating systems for the entrepreneur, systems for billing, systems for receiving, setting cycles for payments.  A business that operates without systems is a business in chaos…

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BUDGETING IS BALANCING – PART 3

January 22, 2019
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Emotional health, mental health, social health, physical health and even spiritual health are all connected to your financial health!  It sounds harsh, rude and maybe shallow but it is true!  When one in evolving financially or financially sound (regardless as to how long it last) for that season in a person’s life, he or she is happier, more optimistic changing or improving one’s social interaction, emotional stability, and even improving the soundness of mind. Finances have a way of…

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BUDGETING IS BALANCE PART 2: IT CREATES DISCIPLINE

January 15, 2019
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BUDGETING IS BALANCING IT CREATES DISCIPLINE IT DEVELOPS SELF-CONTROL There are a lot of people who love to operate in control.  I am one of them! I ADMIT I LIKE THINGS BETTER THAT I CAN CONTROL ESPECIALLY WHEN THEY DIRECTLY OR INDIRECLY AFFECT ME! Whew! (I got that off my chest).  As much I love control, I’ve learned through experience that I cannot control everything and despite my best efforts, hurt is real and so too is disappointment!  I’ve…

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