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The Body of Accounting Blog

Behavioral Health

How and Why KPIs are Critical to Your Business’ Success

We can’t be afraid of numbers. They’re all around us and the key to staying and growing iyour organization. Data equals facts, and knowing the truth about our business’ performance is the only way to get ahead.

We are a goal-oriented society, but I want to spend time talking about the part that is often skipped over: the unglamorous details of how you actually hit your financial goals.

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Behavioral Health

The Money Conversation Every Entrepreneur Needs to Have in Their Marriage

Too many people don’t understand the sacrifices, responsibilities, and risks they’re making when they take on a side hustle. It could be a financial disaster very, very fast. Just because it’s a side gig doesn’t mean that you don’t still have to do a lot of the same structure as a real business.

Extra income very literally comes at a cost. That’s not to say that you’re doing anything wrong, but there are tax considerations that you should know about sooner rather than later.

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How to Create Your Business' Financial Goals in 3 Simple Steps
Behavioral Health

How to Create Your Business’ Financial Goals in 3 Simple Steps

We live in an age of online gurus telling us at every turn how simple it is to make six or seven figures. I’m here to tell you that if you’re looking for easy, then business ownership is not for you. That said, having a good grasp of your numbers will help you immensely.

It’s not glamorous, but you need to create a budget. There is a difference between setting a target and creating a plan to achieve it.

You’re in luck, my friend: Here are three steps to get you there.

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How to Read What Summer Tells You About Your Business
Behavioral Health

How to Read What Summer Tells You About Your Business

A critical component of managing your finances is review as well as analysis. Financial review should not for the quarter. As the summer winds down, now is the time for a seasonal review to discover trends about your financial performance this time of year. How did the months of June, July, and August impact your revenue, expenses, and cash flow? It’s essential to review the results while they are fresh.

School’s in session…now is a great time for a summer financial review. Let’s do this.

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4 Ways Entrepreneurs Can Make Space for Self-Care
Behavioral Health

4 Ways Entrepreneurs Can Make Space for Self-Care

You need to find ways to regularly integrate self-care into your life. Manis and pedis are lovely, and you work hard to earn some time to indulge yourself. Unfortunately, though, they aren’t enough to revive, refresh, and reset your well-being.

Here are some steps so that you too can include self-care in your schedule and budget.

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Why Smart Solo Practices Delegate Their Accounting and Bookkeeping
Behavioral Health

Why Smart Solo Practices Delegate Their Accounting and Bookkeeping

Managing your business’s accounting and bookkeeping responsibilities can be a time-consuming and stressful task. Outsourcing or delegating these jobs to a professional firm can free up time for solo practitioners to focus on their core responsibilities. If you are a health and wellness provider in Oregon or the surrounding areas, choosing the right accountant or bookkeeper can provide you with added time to devote to your core activities and greater confidence in your financial management. Here are five of the primary benefits of outsourcing your bookkeeping to a professional firm.

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Why Taking A Vacation Is Good For Business
Behavioral Health

Why Taking A Vacation Is Good For Business

Every entrepreneur needs time to step away. The need to recharge and restore themselves so that they can return to their business with new vitality and ideas. It’s like the oxygen mask on airplanes–you need to put on yours to be sure that your business can breathe. As an accountant, I’m here to tell you that it can be good for your bottom line.

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Mind on Your Money: Why Women Business Owners Should Embrace Their Worth
Behavioral Health

Mind on Your Money: Why Women Business Owners Should Embrace Their Worth

We as women have to shift our mindset about money.

We have so many hangups around our finances that start from when we were children. It’s not polite to talk about money, we’re told. The desire to be a people pleasure means that we’re not taught to negotiate for our worth at jobs, which then translates into fear about charging our value in our businesses.

It can feel uncomfortable to say that we want to make money. But if that’s not the goal, why did you start your company?

Don’t let a fear of money keep you from making money. Here are my suggestions to help you overcome your mindset about money.

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