Accounting Standards: What are Profit and Loss and Balance Sheet Reports?

We’ve been talking about Accounting Standards in the last few blog posts. In this post my goal is to help demystify two essential financial statements, Profit and Loss and Balance Sheets. I know this may not be the MOST enticing topic, but these concepts should be important to every business owner and entrepreneur out there. I know this post is lengthy but it's **FREE** education you can use to help understand these crucial financial statements. These financial statements are tools you have in your toolbelt as an entrepreneur that you can use to help make sound financial business decisions.

AccountingEdrina CalderonAugust 23, 2024accounting, Accounting for Small BusinessComment

Accounting Standards: Introduction to Financial Statements

Often times when a business owner thinks about preparing financial statements they may feel like a deer in the headlights, with many (MANY) blank stares. In this blog, I break down a few key concepts that are essential for the foundation for preparing them.

Accounting Standards: What is FASB?

I am starting a new blog series on Accounting Standards. With these next several blog posts, I hope to break down some essential accounting concepts for the accounting professional and business owner. Some of these concepts felt like they were lost along the way for me. My hope is that I can, at the very least, help to point you in the right direction when you have an accounting question.

Book Review: Do It Scared

When I bought the book Do It Scared it was right when Ruth Soukup launched it, so along with the book I received 3 bonuses as well. One of the bonuses was a personalized detailed assessment of my fear archetype. And let me tell you, as evidenced in the above 2 statements, how scary accurate that assessment was!

Budgeting, Planning, Making MoneyEdrina CalderonNovember 15, 2019Accounting for Small Business

Book Review: How To Say Anything To Anyone

I wish I had read How To Say Anything To Anyone sooner. Perhaps before I even entered the workforce. I love how this book is so practical and teaches exactly what to say within certain situations and circumstances. Too many times I have felt stumped by trying to figure out the most effective way to communicate to another person within the office, especially in the confines of an office culture where politics gets lost on me. Does anyone else ever feel this way?

PlanningEdrina CalderonSeptember 27, 2019Accountant Near Me, Accounting for Small Business, Affiliate MarketingComment

How to Get Started With Meal Prepping

Sometimes it feels like meal prep can be a chore! But, when I have meals all set and ready to go for the upcoming week I start to notice that my level of efficiency goes up during the day. In the mornings I find that I’m not worrying about what meals I’m going to be eating throughout the day, all I have to do is grab and go. Now that I work mostly from home this helps speed up my day significantly. I am honestly doing more things now than I was when I had a 9 to 5. #mindblown

The Case for Meal Planning

You come home from work exhausted. Rummage through the fridge and try to find the easiest, quickest, and (...*fingers crossed*...) the healthiest meal to make to keep the family happy and satisfied. But then you realize you don't have enough items to make a whole meal. *sigh* So, you end up running to the grocery store to pick up "just a few things" and end up spending a $100 because impulse shopping on an empty stomach IS. A. THING.

Amazon Prime Versus Costco Memberships

If you’re wondering whether or not you should sign up for Amazon Prime or Costco—or both!—I’m happy you’re thinking about your budget. Recurring expenses, like subscriptions and memberships, are often the biggest budget busters. But unlike the Hulu subscription you may have forgotten about, Amazon Prime and Costco memberships are not as forgettable.

4-Step Checklist for Your Fall Finance Checkup

Make sure that when you create your financial goals they are S.M.A.R.T!

Specific: Make sure to be as specific as possible. Include the who, what, where, when why, and how in this step. Write this down and post it somewhere you will see it everyday.

The Most Common Budget Busters & Tips for Avoiding Them

Creating a budget is no small task. In fact, it’s hard work and takes consistent dedication. This is why it’s important for me to educate my clients (and you!) on the kinds of distractions that can derail all that hard work.

Let’s be honest, it’s easier than ever to spend money these days. You don’t even have to carry a wallet! While technology has provided a more convenient way to shop, it can also be detrimental to our financial behavior. I’ve compiled a short list of common things to avoid when you’re creating and sticking to a budget. My hope is that you can find some room in your budget to save towards your bigger goals. You’ve got this!

3 Big Benefits of Money Dates

If you’ve read some of my other blog posts about creating a budget, then you know that I can’t stress enough the importance of maintaining your budget. Too often I see people spending valuable time creating their budget, and then going about their month and completely forgetting about it. It’s not surprising when they look at their final numbers for the month and realize they’ve overspent.

Don't Set It and Forget It: 3 Steps to More Effective Budget

A comment I received in direct messages recently reminded me just how scary finances can be for a lot of people. This particular message said that it’s just too much of a commitment to develop and create a budget. In fact, this person went so far as to say, “Why can’t I just continue to live in financial ignorance?” I think a lot of people feel this same way! Many people would rather not know how much they’re spending every month because it’s easier than knowing.

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