We’re kicking off our three-part Small Business Financial Basics series with some bookkeeping fundamentals. From balance sheets and cash flow, to AP/AR and payroll, learn the basics, pro tips, and common mistakes to avoid as a small business.

Change is a given, but that doesn’t mean uncertainty and stress are a given too. Business owners might not have control of what’s happening around them—the wider economy, the political landscape, supply chain upheavals, fluctuations in demand, etc., etc.—but they can control what’s happening within their business, and how they respond to the changes around them.

Making the change from “employee” to “it’s all on me” takes practice. To help make the transition smoother, here are some key things to keep in mind—from mindset shifts to financial must-dos!

When deciding between handling your own books, low-cost bookkeeping services, or an experienced accounting advisor, the choice isn’t just about cost—it’s about the value you gain and the risks you mitigate.

With weekly reports, you don’t just see what happened—you get a forward-looking view of your cash flow, receivables, payables, and expenses. It’s like having a financial dashboard in front of you, allowing you to pivot faster, avoid cash crunches, and make decisions that boost your bottom line.

As small business advisors, we build relationships and meet with our clients continuously throughout the year, not just at tax time. So, since their primary financial relationship is with us, and we know taxes are a big part of their financial picture, we’ve become experts at working with our clients’ CPAs and tax preparers. To ensure a smooth handoff between a Breakaway advisor and the tax team, first and foremost we make sure we’re handing over a clean set of books. But what does that mean?

We are proud to be a fully-remote company, but we also deeply value community. Our Annual Meeting gives us the chance to develop meaningful connections with our colleagues, friends, and partners while pursuing our common goal of developing professionally.

Running a successful cleaning business isn't just about making homes shine. Behind the scenes, there's a whole lot of paperwork and number-crunching to ensure your business is healthy. Here are 5 ways partnering with a professional bookkeeper can increase your profitability and peace of mind.

It's September, which means the next time you blink it will be December and the EOY will be upon us. There are many different levers we can pull to ensure owners have an accurate understanding of their finances heading into the final quarter of the year. But–why is it important? Because our ultimate goal for our clients is JOY, and we help owners achieve it by making sure they’re taking care of three things: themselves, their employees, and their company.

Finding a rewarding career that fits among the unique challenges of military life can feel daunting, especially for military spouses and veterans transitioning into civilian life. At Breakaway Advising, we understand these challenges because we’ve built our business with flexibility, independence, and community at its core.