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I open with a Monday Mindset reflection from Proverbs 8:21, asking whether I am chasing wisdom or simply measuring myself by wealth. Then I look at the Chapter 7 filing by the operating company behind a St. Matthews, Kentucky, Crumbl Cookies location: it reported about $128,000 in gross revenue thr…
Forty-one percent of surveyed business owners said they use a personal credit card for business expenses, and the conversation gets more urgent when financing is on the line. I explain why mixing personal and business spending makes it harder to see profitability, and why lenders may question missi…
Sending an invoice is not the same as having spendable cash in the bank. I walk through Nickel's invoicing and vendor-payment features, including payment links, standard ACH, card payments, recurring invoices, mailed checks, approval controls, and a QuickBooks connection. I show a $500 invoice from…
I want every employer to understand that payroll taxes withheld from a paycheck are not available cash. Jonathan and I look at the Justice Department's case against Brenda Wymer, who owned and operated North Carolina's Haven Home Care Inc. The DOJ says the company withheld Social Security, Medicare…
I use a fictional QuickBooks company to show why a profit and loss statement cannot answer every question about the health of a business. I walk through assets, liabilities, and equity, then connect the balance sheet to net income and retained earnings. I look at cash and undeposited funds, current…
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