It’s fall, y’all!
Can you believe we’re officially starting the fourth quarter of 2023?! Around the office at Two Arrows Admin, October brings prepping for the upcoming tax deadlines and the start of planning for year-end.
Reminder for those who filed an extension
If you filed an extension for your Form 1040 or Form 1120 in April, this is your reminder to file your return by Monday, October 16th (unless you’ve received an extension by being in certain disaster zones).
Spooky-Good Financial Reports 👻
When it comes to financial reports, you’ve probably heard the three main financial statements: profit & loss, balance sheet, and statement of cashflow. Today I’m sharing three more reports that can give you scary levels of insight into your business:
A/R Aging Summary
This report shows who owes you money! It includes the amount owed and when the payment is (or was) due.
Sales By Customer
This report summarizes how much of your sales comes from each one of your customers.
A/P Aging Summary
This report shows how much you owe each of your vendors and when your payments are due.
Know a friend who could use our help?
The biggest compliment is that you trust us with your bookkeeping needs. The second biggest compliment is when you send your friends our way! A quick email introduction is a great way to break the ice. Your support of our small business makes all of this possible; thank you!
Starting a new business?
One of the first (and most important) things you can do to set your new business up for success is choose the correct business entity form! Get this “Structuring Your Business For Success” guide to learn the pros and cons of the most common entity types!
I hope you and your family have fun with all the fall festivities! 🍂 My mums are beginning to bloom and I’m adding pumpkins to the front porch. I’ll leave you with one of my best candy-corny accounting jokes: what’s your accountant’s favorite candy? PayDay!