SOL Bookkeeping, LLC

07/04/2026

Happy 250th Birthday to the United States of America. Thank you to all who have served.

01/01/2026

10/03/2025

Are you getting those monthly reports from your bookkeeper or just collecting dust? Understanding your business's finances shouldn't feel like deciphering ancient hieroglyphics. Your bookkeeper should be your financial guru, breaking it down like it’s storytime! Time to turn that confusion into clarity and make those numbers work for you!

10/02/2025

As the third quarter comes to a close, it's time for a financial check-up! Are your books all tidy, or is it a bit of a mess? Remember, clean bookkeeping today means you can kick back and avoid the tax-time headache tomorrow. Let's make sure your business is ready to shine when it's time to settle up! Who knew tidying up could be so rewarding? Let's get started!

09/18/2025

Why juggle numbers when you could be jiving on your business?Hire a bookkeeper and watch your financial worries dance away!

10/29/2024

Do you need to file 1099s at the end of the year? Are you clear on who requires one? These are all questions your bookkeeper can assist you with.
Being proactive about tax season by having all your W-9 documents ready can significantly reduce the stress associated with tax time.

A good rule of thumb is that if you pay someone more than $600 in a year, even through multiple payments, and they aren’t on your payroll, they should likely receive a W-9.

This can include:

- Independent contractors, day laborers, or side help paid over $600 annually.
- Rent paid to individuals or businesses.
- Expenses for construction contractors or handymen.
- Musicians or event planners compensated more than $600 in a year."

The list is much more extensive, so if you ever feel confused or uncertain, don’t hesitate to reach out to a bookkeeping or tax professional for assistance.

10/16/2024

The Profit and Loss Statement serves as a scorecard for a specific period, illustrating how Income minus Expenses results in Net Income (the remaining funds after operational costs).

The Balance Sheet functions as a financial health check for your business, highlighting its overall financial stability.

The Cash Flow Statement answers the question of how much cash should have entered your bank account and where the remaining funds were spent.

Together, these three reports are vital for comprehending your business’s financial landscape, and understanding how they interconnect is crucial. It’s also important to find a bookkeeper who can review these reports with you in a way that makes sense, helping you gain a clearer understanding of your business's financial health.