The Prosperity Bookkeeping LLC  team wishes you the happiest of holidays this season. May the New Year be filled with joy, health, and prosperity!

When I was a kid, I loved to page through the toy catalogs that came in the mail at Christmastime. I made a list of every toy I wanted from Santa. Likewise, small business owners have long wish lists of items that would make life easier and the business more prosperous. Having cash on hand to turn wishes into reality requires a steady, strong cash flow. One way to improve cash flow is to increase Days Payable Outstanding. Days Payable Outstanding, commonly abbreviated as DPO, is a financial ratio that shows the average days it takes for a company to…

If you’re searching for a professional bookkeeper for your organization, hiring the right person for the role is crucial. As your bookkeeper will need to document your business transactions, the candidate you choose will be critical in helping your organization monitor its finances.

I’m Kristie Van Pay, the proud owner of Prosperity Bookkeeping LLC. I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!

Do you remember the days of receipt books, file cabinets, and daily trips to the post office? Sure, that’s what worked back then. Thanks to the birth of Microsoft Office, QuickBooks Online, and other technology, business operations have changed immensely. Many of today’s small businesses are paperless offices. Prosperity Bookkeeping certainly is one of them.

I recently came across an old photograph taken at an office where I worked. I had to chuckle at all of the office products that are missing from my business today. Times have changed! We no longer need a Rolodex, land line, 10-key calculator, stapler, CRT monitor, binders, photocopier, or bookshelves. Out with the old,

Owners of small businesses rely on their customers to pay their invoices on time. On-time payments are essential to maintaining cash flow and business operations. With cash on hand, owners can pay themselves a fair wage, hire new employees, purchase equipment and inventory, and expand their marketing, products or services. When cash is tight, businesses

UPDATE The video tutorial referenced under Accounting Tips and Reminders is now ready and will be published on YouTube Wednesday, November 17 at 4:00 p.m.! —————————————————————————————————- Mark had been poring over his profit and loss statement for hours trying to figure out where he was losing money. He could see his sales were down and

Cash flow is the ‘new black’ for 2020…but how do I manage it? Cash flow has a profound impact on the entire business. However, there’s still some confusion surrounding the concept and its practical application. Understanding how to manage cash flow goes hand-in-hand with business success, while ignoring it can lead to disastrous results. How

Cash flow is the ‘new black’ for 2020…but why is it important? Cash flow has a profound impact on the entire business. Despite this, there’s still some confusion surrounding the concept and its practical application. Understanding cash flow goes hand-in-hand with business success while ignoring it can lead to disastrous results. Balancing incoming cash with

Cash flow has a profound impact on the entire business – but there’s still some confusion surrounding the concept and its practical application to your business. Understanding cash flow and cash management goes hand-in-hand with business success while ignoring can lead to disastrous results. Cash Management Cash management occurs when a person or process manipulates

Cash flow is the ‘new black’ for 2021…but what exactly is it? Cash flow has a profound impact on the entire business – but there’s still some confusion surrounding the concept and its practical application to your business. Understanding cash flow goes hand-in-hand with business success, while ignoring it can lead to disastrous results. Cash

Often times I am asked by new (and not so new) business owners, “What do you recommend I use to keep track of my business transactions?” Do a search for accounting software and you will be overwhelmed by the options. However, despite the wide array of options out there, QuickBooks Online is still my top

Today we have more choices and strategic information at our fingertips than ever before. Here’s how to make it work for you. Making business decisions can be challenging when there are so many factors at play. Timing can play a huge role. So can due diligence in vetting every potential decision you could pursue.

Many of you know how I left the corporate world to be a stay-at-home mom. I chose to make less and live more. This was a major life change in so many ways, but one I don’t regret. That’s not to say that my family and I didn’t experience some bumps along this new career path. Obviously, our bank account suffered. So, we simplified our lives and relied more on savings.

Keeping the books for a small - to medium-sized business is overarching process that separates into individual tasks. Over my years as a bookkeeper, I’ve come to identify the No. 1 bookkeeping task you don’t want to leave out. Unfortunately, your financial reports are unreliable if you do. What bookkeeping task could be so important? Reconciling your books. Even in the days of online banking, it’s critical to do these reconciliations.

If I had a dollar for every time I heard, “Nothing in life is free,” I would be a rich woman. It was a phrase that echoed in my head time and time again as we waded through the relief options offered to small businesses last spring in response to the pandemic. While my clients, and many small businesses like them, were scrambling to apply for relief before funds ran out, we were asking ourselves things like: