Faith Resolutions Blog
Insights and Innovations
Unlocking the Secrets to Financial Mastery and Business Growth
FDIC – Is Your Money Protected?
The recent closing of Silicon Valley Bank has many wondering if and how their money is protected. Fortunately, SVB was FDIC insured. But what does this mean for you? First, let's discuss the FDIC. What is the FDIC?FDIC stands for...
Top 5 Ways To Prepare For Next Year’s 1099 Season Now!
Wait what? You just sent 1099s. Why are we talking about this now? Because I want to help you have a smooth 1099 season next year and that starts now! Sending Out 1099 Forms As a business owner, sending out 1099 forms to...
Cash Flow vs Profit: Understanding the difference?
In order to properly look at your business’s financial standing, it is crucial to understand the difference between cash flow and profit. The relationship between cash flow and profit is one that needs to be understood in order to manage...
The Importance of Bank Reconciliation
Accurately recording your numbers will significantly increase your business’s likelihood of success. But how do you know your numbers are truly accurate? Reconciling. Is your bank account reconciled? Read on to find out...
Mid-Year Bookkeeping Check Up
It’s June already and that means that it is time to do a mid-year check-up! Why is it important to do a bookkeeping mid-year check-up? Performing a mid-year check-up is a simple and effective way to ensure that all of your accounts...
Are you Financially Literate?
Why Financial Literacy is Important in Small Business What is Financial Literacy?Being financially literate is to possess the knowledge and skills needed to make informed financial decisions. Why is Financial Literacy Important?All...
The Risk of Using Spreadsheets for Your Bookkeeping Needs
Have you just started your business? Are you trying to figure out how to track your income and expenses? To save some money, many small businesses opt to use spreadsheets. While I applaud making financially sound decisions, this is not...
Planning a Vacation
The life of an entrepreneur can sometimes be romanticized. Many, like me, get to work from home ( in their PJs if they so choose). You get to make your own schedule. You can travel whenever you'd like, right? Well...
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