Hagberg Financial

Hagberg Financial Helping business owners save over 80 hours a year and uncover thousands in potential deductions with accurate, stress-free bookkeeping.

How to Make Friends with Your Numbers (Even if Math Traumatized You in High School)Good news: you don’t need calculus to...
08/28/2025

How to Make Friends with Your Numbers (Even if Math Traumatized You in High School)

Good news: you don’t need calculus to run your business. (You don’t even need to remember what “cosine” means.)

What you do need is the ability to glance at your numbers and answer a few simple questions:

Can I pay myself?
Can I pay my team?
Can I buy the good office snacks instead of the off-brand ones?

That’s where your Profit & Loss and Balance Sheet come in. They aren’t scary spreadsheets—they’re basically a cheat sheet for your business health.

P&L (Profit & Loss): Shows what’s coming in, what’s going out, and if you’re actually making money or just working really hard for nothing.
Balance Sheet: Tells you what you own vs. what you owe—a snapshot of your financial strength.

When you know how to read these two reports, you stop guessing and start making smarter decisions.

And that's probably be a whole lot more useful than memorizing the quadratic formula.

Expense Tracking: Like Detective Work, But with Less Cool SunglassesEvery dollar is a suspect. Where did it go? Who spen...
08/25/2025

Expense Tracking: Like Detective Work, But with Less Cool Sunglasses

Every dollar is a suspect. Where did it go? Who spent it? And, seriously, WHY did you buy that many Post-it notes?

That’s the mindset of expense tracking—it’s detective work for your business finances. The good news? You don’t need trench coats or sunglasses. Just a system.

Here’s the thing: when you don’t track your expenses, little purchases sneak off into the shadows. Lunches here, subscriptions there, and before you know it, your budget is riddled with mysterious leaks.

So how do you play detective without losing your mind?

Use a simple system. This could be as low-tech as a spreadsheet, or as handy as an app like QuickBooks, Wave, or even Mint. The goal is to record every transaction, no matter how small.

Categorize consistently. Think of categories as case files. Office supplies, meals, travel, software—each one gets its own folder so you can easily spot trends.

Leverage tech. Many apps connect directly to your bank account, automatically pulling in expenses. It’s like having a junior detective who does the boring grunt work for you.

Stay on top of it. The longer you wait, the fuzzier the trail gets. Make expense tracking a weekly habit, and you’ll always know where your money is hiding.

And here’s the big payoff: accurate records don’t just make you feel like Sherlock Holmes. They also make tax time so much easier. Come April, you won’t be scrambling through a shoebox of crumpled receipts. Instead, you’ll have clear, organized data—and maybe even discover a few extra deductions along the way.

Expense tracking isn’t glamorous, but it is powerful. It keeps your money accountable, your stress lower, and your business stronger.

If your business finances feel more like a tangled mess than a well-oiled machine, you’re not alone. The good news? You ...
08/20/2025

If your business finances feel more like a tangled mess than a well-oiled machine, you’re not alone. The good news? You don’t need a finance degree or a 40-hour workweek dedicated to bookkeeping to get things under control. A few simple steps this month can make a huge difference—and future-you will be so thankful.

Here are five ways to wrangle those numbers and breathe easier:

1. Reconcile Your Bank Accounts (Yes, Really)
This might sound boring, but it’s like doing your laundry—you’ll regret skipping it. Reconciling your bank and credit card accounts makes sure everything matches up and nothing sneaky (like duplicate charges or missed payments) slips through the cracks.

2. Categorize Transactions in Real Time
Instead of letting receipts pile up in a shoebox (or the black hole of your car’s glovebox), log into your bookkeeping software (QuickBooks, Wave, Freshbooks, etc.) once a week and code those transactions. It’ll save you hours later—and stop you from panicking at tax time.

3. Set Aside Money for Taxes
The IRS does not play around. Get in the habit of moving a percentage of your income (30% if you're self employed) into a separate account each month. That way, when taxes roll around, you’re ready. No scrambling, no scary surprises.

4. Know What You’re Owed (and What You Owe)
Take a quick look at your accounts receivable (money coming in) and accounts payable (money going out). Late invoices and unpaid bills can choke cash flow, so staying on top of both helps keep your business breathing.

5. Review Your Financial Reports
This one is easy to skip, but so valuable. Once a month, sit down with your profit and loss statement and balance sheet. Don’t just glance—look at trends. Where’s your money really going? What’s working, what’s not? These reports aren’t just “for the accountant”—they’re your business’s roadmap.

Bottom line: Getting your finances under control doesn’t have to be overwhelming. A few small, consistent habits can save you time, stress, and even money. And breathe. You got this.

06/16/2025

👋 Welcome to Hagberg Financial!

I’m Elesa—a small business bookkeeper, spreadsheet enthusiast, and vintage trailer collector (because one is never enough).

I started this page to connect with fellow business owners who want less stress and more clarity when it comes to their finances. Whether you need help cleaning up your books, preparing reports for tax time, or just keeping everything organized month-to-month—I’m here for it.

This is a place for tips, encouragement, and maybe the occasional accounting meme (you’ve been warned). Thanks for being here! Feel free to message me if you have questions or want to chat about how I can help your business thrive.

Let’s make your numbers make sense. 💼✨

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147 E 500 N
Spanish Fork, UT
84660

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