The MATAX Blog: Ops and Accounting Insights for Founders
Actionable advice, operational playbooks, and strategic deep dives to help you scale your business without the chaos.
Why hiring a bookkeeper is a great investment
Discover why hiring a bookkeeper is a smart investment for small businesses. Save time, prevent errors, get expert financial advice, and ensure you get paid.
Separating Personal and Business Expenses
Separate your personal and business expenses with ease. Learn why keeping them apart is crucial for simplifying paperwork, taxes, and financial management.
Benefits of money mindfulness
If you’re like most people you’ve probably gone for periods of time without really thinking about how you spent your money. Maybe you even avoided looking at your bank statement so you wouldn’t see how much money you spent and how little you saved.
Three ways to speed up invoicing
Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least.
How to set your small business payment terms
Learn how to set payment terms for your small business to ensure healthy cash flow. Discover strategies for invoicing, following up on late payments, and more.
Why Bookkeeping is Crucial to Your Success
Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals.
But despite their proven importance, many business owners dread and avoid accounting tasks. In fact, 40% of surveyed entrepreneurs claim that bookkeeping is one the worst parts of running a business!
Wondering if it’s really worth the aggravation?
Here are four reminders of how effective bookkeeping is the cornerstone of small business success.
Xero Expert, what does that mean and why should you care?
We try and break things, push to find limitations and strive to make all of the mistakes any user may make. It is in this practice that we maintain insight into the occasional Xero user, while deepening and expanding our own knowledge of the Xero ecosystem.