Archive for the “Blog” Category

The Accelerator Dilemma

The folks who run accelerators, typically require nontechnical founders to find a technical co-founder. The thinking, is that adding a coder (ideally full-stack) will allow the startup to be more nimble and iterate faster, being more responsive to obtaining product – market fit. No argument here. However, finding the right full stack dude or dudette, […]Read More

Situation

What’s your situation? What is your capacity, today, to pursue a new opportunity? If something exciting, or life-changing comes your way, can you act? Situation is composed of a number of domains. Some are obligatory. I owe money to the bank. I have a mortgage payment. I have promised my employer that I will work […]Read More

Gross Margin

Gross Margin, perhaps our favorite accounting metric here at BookWerksTM, is calculated by subtracting what your product or service cost you (Cost of Goods Sold, or COGS), from what you sell your product for (Revenue). We typically express this as a % of Revenue. For example, if you sell an item for $9 that costs […]Read More

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What Do You Know About Outsourced Bookkeeping Services?

You may think it is cheaper to do your own books, or hire an in-house bookkeeper, than to use an outside service. Actually, that is not usually the case. Professional, independent bookkeeping firms are very cost-efficient, since bookkeeping is what we do all day long. We make fewer mistakes, which can be costly if you are subjected to an audit, than DIYers. We stay up on the latest rules and regulations, and know exactly how to prepare your documents for tax season. Perhaps most importantly, we provide security, both in how your data is stored and in providing consistent service. An in-house person may leave on a moment’s notice. We have a large enough staff that someone else can always step in if one person must take a break. Time you spend on your books is time you could probably better spend on tasks that generate revenue.