Is Wave A VIABLE Alternative To QuickBooks For Small Businesses
From Chaos to Clarity: Unleash Your Business Potential
Release Date: 04/17/2025
Can Joining GIP Academy Change Your Business Forever?
From Chaos to Clarity: Unleash Your Business Potential
Can Joining GIP Academy Change Your Business Forever? Summary: In this episode of the From Chaos to Clarity podcast, host Sonya Jones interviews Torri Jones, founder of The Learning Group, a STEM consulting firm. They discuss Torri's entrepreneurial journey, the importance of financial management, and how GIP Academy has supported her business growth. Torri shares her experiences with bookkeeping, the lessons learned in tracking finances, and the benefits of being part of a supportive community. The conversation emphasizes the significance of knowing your numbers and investing in...
info_outline
Unlocking Grant Funding: Insights from a Grant Writer with Victoria Ravenel
From Chaos to Clarity: Unleash Your Business Potential
Unlocking Grant Funding: Insights from a Grant Writer with Victoria Ravenel Summary: In this episode of the From Chaos to Clarity podcast, host Sonia Jones interviews Victoria Ravenel, a nonprofit consultant and grant writer. They discuss the importance of understanding grant writing, the role of grant writers, and common myths surrounding grants. Victoria emphasizes the need for nonprofits to be grant-ready and the significance of data in securing funding. The conversation also touches on entrepreneurship, financial management, and the importance of investing in oneself and...
info_outline![[Live Q&A] Is Wave A VIABLE Alternative To QuickBooks For Small Businesses show art](https://assets.libsyn.com/content/187749825?height=50&width=50)
[Live Q&A] Is Wave A VIABLE Alternative To QuickBooks For Small Businesses
From Chaos to Clarity: Unleash Your Business Potential
Summary: In this episode of the Chaos to Clarity podcast, hosts Sonja Jones and Jackie discuss the importance of accounting software, specifically WAVE, and its suitability for different types of businesses. They share best practices for using accounting software, the significance of access and security, and the implications of merchant processing fees. The conversation also highlights the importance of bookkeeping for tax deductions and when to consider hiring a professional bookkeeper. Additionally, they provide insights from a recent workshop on cash flow management and the foundational...
info_outline
Is Wave A VIABLE Alternative To QuickBooks For Small Businesses
From Chaos to Clarity: Unleash Your Business Potential
Is Wave A VIABLE Alternative To QuickBooks For Small Businesses Summary: In this episode, we discuss Wave, a cloud-based accounting software, with Jacqueline Mercer from Baldwin Financial Services. They explore who Wave is best suited for, its pricing structure, and the various features it offers, including invoicing, payment processing, and financial reporting. The conversation emphasizes the importance of understanding the software's capabilities and limitations, particularly for small businesses and entrepreneurs. The hosts also highlight the need for professional guidance when navigating...
info_outline
Avoiding Common Pitfalls in Grant Applications with Broderick Wamble
From Chaos to Clarity: Unleash Your Business Potential
Avoiding Common Pitfalls in Grant Applications with Broderick Womble Summary: In this episode, host Sonja Jones engages with Broderick Wamble, Community Affairs Officer at Simmons Bank, to discuss the importance of financial literacy, the intricacies of grant applications, and the support available for small businesses and home ownership initiatives. They explore the role of banks in community development, the significance of understanding one's financial position, and the common pitfalls in grant applications. The conversation also highlights the unique challenges faced by...
info_outline![[Live Q&A] How to be a Bankable Business with Chasity Monroe of Pink Noir show art](https://assets.libsyn.com/content/186618925?height=50&width=50)
[Live Q&A] How to be a Bankable Business with Chasity Monroe of Pink Noir
From Chaos to Clarity: Unleash Your Business Potential
How to be a Bankable Business Summary: In this episode, Sonia Jones interviews Chasity Monroe, the founder of Pink Noir, a beauty supply store in Memphis, Tennessee. Chasity shares her journey of starting Pink Noir to meet the needs of the community, the challenges she faced in securing funding from River City Capital, and the importance of financial preparedness and understanding one's numbers in business. The conversation highlights the emotional impact of receiving funding, the strategic approach to loan repayment, and the critical nature of financial literacy for entrepreneurs,...
info_outline![[LIVE Q&A] Small Business Owners Are MISSING OUT On Crucial Tax KNOWLEDGE show art](https://assets.libsyn.com/content/186020075?height=50&width=50)
[LIVE Q&A] Small Business Owners Are MISSING OUT On Crucial Tax KNOWLEDGE
From Chaos to Clarity: Unleash Your Business Potential
How to be a Bankable Business Summary:In this live Q&A session, Sonia Jones and Latasha discuss the common tax mistakes entrepreneurs make, emphasizing the importance of proper bookkeeping and financial literacy. They cover topics such as mixing personal and business expenses, tracking cash transactions, underreporting income, and the significance of timely filing to avoid penalties. The conversation highlights the need for entrepreneurs to understand their financials to make informed decisions and avoid costly mistakes with the IRS. Takeaways: Mixing personal and business expenses...
info_outline
How to be a Bankable Business with Ron Brooks of River City Capital
From Chaos to Clarity: Unleash Your Business Potential
How to be a Bankable Business Summary: In this episode, the hosts discuss how to become a bankable business, focusing on the importance of financial preparedness, investment in time and resources, and understanding financial records. They emphasize the need for entrepreneurs to solidify their personal finances before starting a business and the significance of maintaining clear financial records to build trust with lenders. The conversation also covers key financial metrics that businesses should be aware of to ensure success and stability. In this conversation, the speakers discuss the...
info_outline
Small Business Owners Are MISSING OUT On Crucial Tax KNOWLEDGE
From Chaos to Clarity: Unleash Your Business Potential
Summary: In this episode, Sonja Jones discusses the tax literacy gap among small business owners and highlights the common mistakes they make when it comes to taxes. She emphasizes the importance of separating personal and business expenses, tracking cash transactions, reporting all income accurately, maintaining proper records to avoid missing deductions, and the consequences of filing taxes late. Additionally, she promotes GIP Academy as a resource for financial education and support for business owners. Takeaways: There is a significant tax literacy gap among small business owners....
info_outline![[LIVE Q&A] Tax Deductions You’re Probably Missing (And How to Claim Them) show art](https://assets.libsyn.com/content/185389090?height=50&width=50)
[LIVE Q&A] Tax Deductions You’re Probably Missing (And How to Claim Them)
From Chaos to Clarity: Unleash Your Business Potential
Summary: In this live Q&A session, Sonja Jones discusses various tax deductions relevant to small businesses, emphasizing the importance of understanding what qualifies as ordinary and necessary expenses. She covers deductions related to merchant fees, clothing, gifts, entertainment, and meals, while also promoting GIP Academy as a resource for entrepreneurs seeking assistance with bookkeeping and tax preparation. Takeaways: Ordinary and necessary are key terms for tax deductions. Merchant account fees are deductible expenses. Clothing can be deducted if it serves a business...
info_outlineIs Wave A VIABLE Alternative To QuickBooks For Small Businesses
Summary:
In this episode, we discuss Wave, a cloud-based accounting software, with Jacqueline Mercer from Baldwin Financial Services. They explore who Wave is best suited for, its pricing structure, and the various features it offers, including invoicing, payment processing, and financial reporting. The conversation emphasizes the importance of understanding the software's capabilities and limitations, particularly for small businesses and entrepreneurs. The hosts also highlight the need for professional guidance when navigating more complex accounting needs. In this conversation, the speakers delve into the intricacies of financial reporting, the importance of accurate bookkeeping, and the challenges of sales tax compliance. They emphasize the necessity of professional guidance in navigating these complexities and advocate for collaboration among entrepreneurs to foster growth. The discussion also highlights the features of WAVE Advisors and the significance of understanding accounting software functionalities. Ultimately, the speakers stress that bookkeeping is foundational to business success and that entrepreneurs must be proactive in managing their financial health.
Takeaways:
- Wave is a cloud-based accounting platform suitable for small businesses.
- It's ideal for do-it-yourselfers and service-based businesses without complex needs.
- Wave offers a free starter plan and a paid pro plan with additional features.
- The platform allows for invoicing, payment processing, and basic financial reporting.
- Wave is not suitable for nonprofits requiring detailed financial reporting.
- Users should be cautious about integrating bank accounts to avoid duplications.
- Reconciliation is crucial to ensure accurate financial records in Wave.
- Wave provides a user-friendly dashboard for managing finances.
- The software allows for receipt management and expense tracking.
- Professional guidance is recommended for more complex accounting needs. Transactions must be coded correctly for accurate reports.
- Cash flow reflects the health of a business.
- Sales tax compliance is crucial for business owners.
- Professional guidance can prevent costly mistakes.
- Collaboration among entrepreneurs fosters growth.
- Understanding software functionality is essential.
- Bookkeeping is the foundation of business operations.
- Networking with professionals is beneficial.
- Investing in bookkeeping pays off in the long run.
- Proactive financial management is key to success.
Chapters:
Website: www.bfinancialservicesco.com
Instagram: https://www.instagram.com/baldwin_financial_services
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-fractional-cfo-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@gipfinancials?_t=8rHnPhpI5bX&_r=1