The Not Your Typical Bookkeeper Blog

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Mileage Deduction vs Actual Expenses

As a small business owner, managing travel expenses is essential for maximizing your tax savings. When it comes to deducting vehicle expenses, you have two primary options: the mileage deduction vs actual expenses. Understanding the differences between these methods...

Understanding Profit Margin: A Guide for Business Owners

Profit margin is like a financial health check for your business, showing how well you're turning sales into profits. It's a crucial metric that tells you if your business is making money and how efficiently it's operating. Let's break it down in plain terms to help...

Managing a Small Business with Spreadsheets

When you’re managing your own business, it can be difficult to keep track of everything there is to do, particularly the finances. Spreadsheets can be a great tool, but they can also be overwhelming and tricky to organize. Today, we’ll go over some tips and tricks on...

11 Common Mistakes People Make When Analyzing Balance Sheets?

Analyzing balance sheets is an important aspect of financial assessment for investors, creditors, and analysts alike. It offers a detailed view of a company's financial position at a specific point in time, providing insights into its assets, liabilities, and equity....

7 Common Bookkeeping Mistakes Every Small Business Owner Should Avoid

For small business owners, mastering the art of bookkeeping is a critical component of financial success. However, navigating the intricate world of numbers can be challenging, and certain pitfalls may lead to costly consequences. In this blog post, we'll explore some...

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