Money Matters
Thoughts on finances, cashflow, security, and how we help our clients not worry about it.
“Too busy ” to get on board with bookkeeping?
Client Onboarding OK, so you've figured out that you need a great bookkeeping service. Chances are, it's because you're too busy to deal with the work yourself any longer. In which case, you're probably thinking, "I need a bookkeeping service but I just don't have...
6 Steps to Getting Credit With Your Suppliers
Establishing Vendor Credit Every business, especially small and medium-sized ones, need to keep an eye on cash flow. You know how it goes: You have to pay vendors when you receive their goods or services, but your customers typically pay 30 days later - if you're...
Who can you trust with your books?
If you could use help with bookkeeping, but instead are doing it all yourself, there's probably a simple reason why and it's probably trust. How can you trust that a bookkeeping service can deliver the quality and confidentiality that you need? We urge you to evaluate...
Make Cash Flow Work for You
We all know the overriding concept of business success: you bring in more money than you spend. Easy, right? But if you've been in business for a while, you've probably seen that there's more to it than making sure your end-of-year totals are good. To succeed or even...
Five easy steps to solving all your bookkeeping challenges
If you're reading this, you're beginning to think that you're spending too much time on bookkeeping, and you're researching your options. But odds are you're now staring at a lot of different bookkeeping websites, and you're just not sure how to get from a Google...
All Payments are not equal
It's easy to assume that all payments are alike. After all, they're all money flowing out of your accounts. But paying a handyman in cash to buy a new hinge and install it on a door of your rental property is not the same as buying an airline ticket for a business...
Fire yourself and get a real accountant
What's your unique value-add? There are some things that only you can do. Like running your business in a particular way to delight your customers and clients. Or managing your portfolio of investments with a keen eye to value and your goals. Or being an engaged dad,...
Raise your fees: Four essential (and one optional) things to do first
Inflation is low these days, but still, every firm needs to periodically increase its fees. Maybe your costs have gone up due to increases in health care, overhead, or labor costs. Or perhaps costs aren't that significant for you, but you're realizing your fees are...
Three ways to get the most from best-of-breed technology
There are a lot of software packages and services out there that promise to solve all your bookkeeping and financial management challenges. You may have been spending some time evaluating them yourself and that may be one of the reasons you are now looking at a...
ADPs products explained
Only best-of-breed solutions for our clients Maxwell Money has been working with payroll solutions for decades. If you've ever researched payroll products, you've probably seen what a confusing landscape it is out there. There are many widely different products, each...
Seven solid reasons to keep doing bookkeeping yourself
Many different types of organizations can benefit from a great bookkeeping service. Maxwell Money clients include families, professionals, and businesses in a variety of industries, including nonprofits. But we do understand that a bookkeeping service isn't for...
Five things we’ve learned about hiring the best talent
At Maxwell Money, we're like many of our private and business clients in that we depend on talented professionals to ensure the success of our service. As we've ramped up our business growing from a staff of 8 to almost 20 in less than three years we've learned a lot...
Invoicing best practices for Professional services
Get paid like a pro for your professional services If you're in the professional services business, you know how important the invoicing process can be. At Maxwell Money, we've found that service-based businesses often have similar problems with invoicing and getting...