Paula Huerkamp Paula Huerkamp

What Successful Entrepreneurs Know That Many Business Owners Miss

There’s a reason wealthy entrepreneurs and business leaders talk about the importance of bookkeeping—it’s not just about taxes. It’s about control, clarity, and growth.

And yet, many service-based business owners are running on guesswork when it comes to their numbers.

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Paula Huerkamp Paula Huerkamp

Seven Signs for When a Small Business or Entrepreneur Should Hire a Bookkeeper

Recently, I came across a concept that completely shifted my perspective: your Freedom Figure. It’s the dollar value of your time. To calculate it, take your annual income and divide it by 2,080—the number of work hours in a year based on a 40-hour work week. For example, if your business earns $150,000 per year, your Freedom Figure is about $72/hour.

That means any task you can outsource for less than $72/hour is costing you money if you choose to do it yourself. And that includes bookkeeping.

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Paula Huerkamp Paula Huerkamp

Eight Signs that it’s Time to Stop Using Spreadsheets and Hire a Bookkeeper for Your Small Business

When you're just getting started as a small business owner, spreadsheets are often the go-to solution for tracking income, expenses, and everything in between. They're simple, accessible, and—best of all—free. But as your business grows, so do financial complexities. Here are the top eight signs it's time to ditch those spreadsheets and bring in a professional bookkeeper.

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Paula Huerkamp Paula Huerkamp

Accounting Nerd Alert! Debit and Credit Summary Sheet

This one is for my fellow bookkeepers to help you remember how double-entry bookkeeping moves money into, out of, and around accounts. Also includes a sample chart of accounts and how each category falls under each account.

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