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Clarissa Wilson

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Clarissa Wilson
General Finance
business finances, bookkeeping, money mindset, personal finances
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Blogger Bio

HARRISBURG, Pennsylvania, United States
Life stage:
SINK (Single Income, No Kids)
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Latest Blog Posts

One of the most confusing parts of owning a business, is knowing how to do your business bookkeeping and taxes.   And now that you have started your blog, you want to make sure that you are doing things right.   Or maybe you've had your blog for a while now, but still aren't sure about what qualifies for […] The post The Ultimate Guide to Expense Deductions for Bloggers appeared first on Clarissa Wilson. ...
Posted: Nov 09 2019 @ 9:07 PM
There are two basis of accounting methods: cash basis and accrual basis. Every time I bring these two words up, no one knows what I'm talking about, so I don't expect you to know them either. Actually, it's probably why you are here reading this post.   Part of doing the accounting for your business is knowing […] The post Accrual or Cash Basis of Accounting: What’s the Difference? What do I use? ...
Posted: Nov 09 2019 @ 3:05 PM
One of the questions that I get asked on a regular basis is how to calculate the home office deduction for self-employed business owners. So let's break this down into easy to understand terms to help you understand if you and your online business qualify for the home office deduction. Qualifications of the Home Office Deduction​What actually […] The post The Ultimate Guide to the Home Office Deduction for Small Online Businesses appeared ...
Posted: Nov 02 2019 @ 8:02 PM
A business revolves around money. So whether or not you take care of your money in your business, can make or break your business.   If you don't make money in your business, then you don't have a business.   Now is the worst time to bury your head in the sand with your business finances. You need to […] The post Online Business Owner’s Guide to Small Business Finances appeared first on Clarissa Wilson. ...
Posted: Nov 01 2019 @ 7:46 PM
If you have your own business, you obviously want it to be financially successful. I've been in the accounting and auditing world for more than 10 years and have seen my fair share of businesses fail.   Businesses can fail because of simple mistakes or they can be more complex mistakes.   Let's look at the biggest money mistakes […] The post 9 Biggest Money Mistakes Businesses Need to Fix in Order to Become Financially ...
Posted: Oct 31 2019 @ 8:19 PM
Should you hire a bookkeeper? Or should you just keep doing your own business bookkeeping (even though you really don't have the time or even knowledge about what you are doing to keep doing your own)?   And if you are really honest with yourself, doing your own bookkeeping for your business just stresses you out!   It's not […] The post What to Expect When You Hire a Bookkeeper for the First Time appeared ...
Posted: Oct 29 2019 @ 5:53 PM
You've finally realized that you really do need to have separate bank accounts for your business and your personal money. It really does just make life so much easier having them separated. And it also makes your bookkeeping for your business that much easier too!  But now you don't know how to set up your business […] The post How to Properly Set up a Business PayPal Account for Your Online Business ...
Posted: Oct 18 2019 @ 7:13 PM
It doesn't matter if you are planning out what you plan to sell for the upcoming holiday season, for next month, next quarter or next year.   When you look at the numbers from your profit and loss statement from prior months and years to plan for your upcoming months and quarters, you can see where you […] The post How to Use Last Year’s Numbers to Plan Your Business’s Profit appeared first ...
Posted: Sep 22 2019 @ 12:11 PM
You started your business to make an income, whether it's on the side or your full time income to replace a corporate job, you are in business to make additional money in your life to pay for your life expenses and enjoy your life even more.   So why would you not make a plan to pay […] The post Paying Yourself in Your Business appeared first on Clarissa Wilson. ...
Posted: Sep 15 2019 @ 10:09 AM
When you start your own business, do you have to have a separate bank account?   The short answer: yes.   But let's dive into this a little bit more, plus let's look at why you need to have a separate bank account for your business, instead of using your personal bank account to receive your business money.  Separate Bank […] The post Do I Need to Have Separate Bank Accounts for my Business? appeared first ...
Posted: Sep 12 2019 @ 7:30 AM


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