If you’re asking, “When will my business make a profit?”, you’re not alone. Profitability is more than a milestone. It’s the point where your business can pay its own bills, give you reliable earnings, and grow without constant stress.
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Accounting Tips, Training, and News
Key Financial Metrics to Track Before Your Business Turns a Profit
April 29, 2026Key Takeaways − Cash burn rate: How fast you’re spending cash each month. Cash runway: How many months you can operate before running out of cash. Gross profit and gross margin: Profit after direct costs of goods/services. Operating expenses: What you spend to run your business. Break-even point: How much revenue you need to cover […]
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How to Perform a Break-even Analysis for Your Startup in 2026
April 27, 2026Key Takeaways − A break-even analysis shows when your startup’s sales will cover all your costs. The formula for your break-even point is: Break-even Units = Fixed Costs / (Price per Unit − Variable Cost per Unit) Performing a break-even analysis helps you set smarter prices, decide if an idea is viable, and plan sales […]
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How to Transition From DIY Bookkeeping to a Professional Accountant
April 2, 2026Key Takeaways − It may be time to hire an accountant if bookkeeping eats your time, feels confusing, or risks mistakes Before you transition, clean up your records, choose accounting software, and document your processes. A smooth handoff includes: organizing data, granting secure access, and setting expectations with your new accountant. The right accountant plus […]
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Cost-benefit Analysis: The True Cost of Accounting Errors vs. Hiring a CPA
April 1, 2026Key Takeaways − Accounting mistakes can quietly cost you thousands in penalties, lost deductions, and bad decisions. Hiring a CPA costs money, but it can reduce errors, improve tax savings, and give you better financial insight. DIY accounting vs. hiring an accountant isn’t all-or-nothing. You can combine simple software with expert help. For many small […]
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Signs Your Small Business Has Outgrown DIY Accounting
March 31, 2026Quick Answer: You’ve likely outgrown DIY accounting when bookkeeping eats your nights and weekends, you’re second-guessing your numbers at tax time, and your books can’t keep up with growth. At that point, it’s time to upgrade your system, your support, or both.
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How Much Do Small Business Owners Make? The Answer May Surprise You
March 30, 2026Running a small business takes passion, gumption, and determination. But, becoming a small business owner isn’t a fast track to getting rich. So, how much do small business owners make?
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Cloud Accounting Software: Questions to Consider
March 6, 2026Key Takeaways − Cloud accounting keeps your books online so you can access them anywhere, collaborate in real time, and reduce manual work. When choosing software, evaluate budget, time savings, ease of use, business fit, features, support, security, and data protection. Compare cloud vs. desktop by accessibility, updates/maintenance, backups, integrations, and internet needs. Prioritize core […]
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What Is the Break-even Point?
March 6, 2026Do you want your business to make a profit? Duh, of course you do! But when you’re starting out, it may take a few years before you enter profit territory. And after you start making a profit, you may be at the break-even point for a while. So, what is the break-even point?
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2026 Sales Tax Holiday Dates: Ready, Set, Go! Mark Your Calendars
March 6, 2026For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.
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