thriving blog

Hi, I’m Haley Bonczyk, owner of Thrive Bookkeeping. The best time to hire a bookkeeper for your business is right now! Like many other businesses, Law Firms require meticulous attention to detail as well as a knowledge of the rules and laws required to run a practice. Hiring a bookkeeper is much more affordable than you think! In fact, not using a bookkeeper for your law firm can become expensive and have serious consequences in the long run. So here are some of the benefits

Did you start your own business because you wanted to be your own boss, have more time with your family, and build something you can be proud of? Well I am here to help you reach those goals and dreams. I started Thrive Bookkeeping with the goal of partnering with other like-minded business owners around the community and I have truly found my passion in helping other businesses grow. It is crucial to any business that your books are in order, your taxes are paid, and your pa

Running your Salon or Barber Shop can be time-consuming and involved, just like owning any business! Finding the time to take care of your business’s books can be nearly impossible but that doesn’t make it any less important. These five bookkeeping tips for hair stylists can help save you time, money, and headache as you continue to grow your business and do what you love. 1. Have a budget and stick to it When you started your business you had a vision for it, right? A budget

If you’re anything like me, it can be tough to be motivated in the mornings. This can be especially true if you work from home so it is important to have a few habits and tricks to get the wheels turning. 1. Give yourself time to wake up Make sure you wake up at a timely hour to give yourself some time to slowly wake up. Jumping out of bed and getting straight to work puts so much stress on your body. Care for yourself by taking time to wake up, even if that means getting up

Bookkeeping can be a daunting and complicated task for any business, but for law firms in particular, the job of keeping the books is involved, meticulous, and integral to staying in compliance. In addition, the ramifications of improper bookkeeping practices can lead to serious consequences. Regardless of the size of your firm, having sound bookkeeping practices is integral to the success of your business. These six bookkeeping tips for law firms will give you valuable tools

Hi, I’m Haley Bonczyk, owner of Thrive Bookkeeping, and today I want to give you a helpful tip when it comes to taking care of your business’s finances. So here it is, and it’s very simple but many business owners do not do this. Keep business and personal expenses separate. Mixing personal and business expenses can cause many problems and it is certainly not worth the risk of messing up your company’s books. Having clean, clear bookkeeping for your company is invaluable, esp

Many small law firms start their business with a bank account, a spreadsheet, and a vague idea of what bookkeeping means. But the task of maintaining a law practice as well as keeping track of the business’s finances soon becomes overwhelming and frustrating, costing you time and money. Knowing when to transition from taking care of the books yourself to hiring a professional can be tough, but there is never a better time than now to hire a great bookkeeper to take care of yo

Ahh, the Statement of Cash Flows…also known as the ugly duckling of the bookkeeping world. But before you just go ahead and dismiss this report as too complex or in-depth, remember how the story of the ugly duckling ended! He turned into a beautiful swan, far more gorgeous than its duckling siblings! And that is what the Statement of Cash Flows is! You are probably wondering what makes this report so special. Well, while the Profit & Loss tells you how much income you had and

The Balance Sheet is a report that is incredibly useful for business owners to use and understand. There are a number of things that the balance sheet does and we will cover many of them here. Before we start there are a few things you should know about the Balance Sheet. First thing to note, rather than have a date range that this report shows, your bookkeeper will present this report to you “as of” that most recent reconciliation. Reconciliation is something your bookkeeper

“When was the last time you looked at your Profit & Loss Statement?” I don’t usually ask this question to business owners because more often than not I get a look that tells me that they have no idea what I am talking about. But as a business owner, it is so important to look at this report as well as a few others on a regular basis (monthly or at the very least quarterly). Now I do understand why a business owner would be reluctant to look at this report – can you guess why?