IQ Virtual Bookkeeping Services

11/19/2025

Anyyyy level of bookkeeping > no bookkeeping. 📚

Spreadsheets are a great tool for small business owners who are just starting and want to keep track of their income + expenses. 🖥️

But eventually... your business is gonna outgrow those spreadsheets when you want to do things like:

→ Run up-to-date financial statements
→ Track key performance metrics
→ Integrate with your payment processor
→ Run payroll + track time
→ Invoice your clients

And when you do finally decide to make that upgrade, I can help make that transition from spreadsheets to QuickBooks Online as smooth as possible.

Trust me, it's not my first rodeo setting up a company's bookkeeping based on their spreadsheets! 📚

11/18/2025

This is for every small business who knows they need an emergency fund, but just doesn't totally know how to start one...

Here’s what I tell my clients to do:

1️⃣ Decide how much you want to save! A good rule of thumb is 3–6 months of average business expenses. If that sounds super intimidating, start with working your way up to just one month of expenses saved!

2️⃣ Look at your Profit & Loss statement and find out your average monthly expenses, then multiply by the number of months you want covered by your emergency fund.

3️⃣ Automate your savings method by setting aside a % of every sale or a fixed amount at the end of the month.

4️⃣ Park it in a HYSA. This keeps your funds safe, separate, and earning you passive income through interest!

11/06/2025

Tbh, I think the Statement of Cash Flows is the most confusing financial statement for most small business owners, but it's absolutely crucial to keeping your business afloat.

According to SCORE, 82% of small businesses fail because of cash flow problems. OOOF! 😬

Your cash flow statement does exactly what it sounds like: it shows how cash "flows" through your small business.

→ Cash from operations (your day-to-day biz)
→ Cash from investing (buying/selling assets)
→ Cash from financing (loans, owner draws, contributions)

Even if your P&L shows that you're making a profit, your cash flow statement can show whether you *actually* have enough cash for everything you need to spend on (like payroll + bills!).

Sound confusing? I'm on a mission to help as many small businesses as possible understand their numbers!

11/05/2025

Have you been on the fence about hiring a bookkeeper?

Do you want to free up your time for the busy holiday season coming up and take one more thing (or a couple) off your plate?

DON'T WAIT! I currently have THREE openings for bookkeeping services or a clean up. Send us a message today to set yourself up for success before you're scrambling at the end of the year!

Send us an email: [email protected]
Or schedule a call when it's convenient for you: https://calendly.com/maurashockey/30min

11/04/2025

Balance Sheet. ⚖️

You've definitely all heard of a balance sheet before... but what does one actually look like for YOUR business? 👀

It's a snapshot of *exactly* what your business has at a certain point in time.

Your balance sheet shows:

→ What you own (assets)
→ What you owe (liabilities)
→ What’s left over for you (equity)

In other words, it's showing how your assets (things like the cash in your bank account) stack up against your liabilities (like your credit cards + loans). The difference is your equity!

When I send my clients their balance sheets, we're looking at how those balances have changed over time to answer questions like:

→ Can I afford to take on debt?
→ Is my business too heavily leveraged?
→ How much of my business do I truly own (after accounting for all of my liabilities)?

Tomorrow I'm breaking down my personal favorite financial statement, your P&L!

But in the meantime, if you need your bookkeeping done so that you *can* run your financial reports, hit that link in my bio.

11/02/2025

You could hire me to do your bookkeeping and get back 10+ hours EVERY month! 😜

If you've been spending weekends and nights at home catching up on your bookkeeping instead of doing something you actually *want* to be doing, it's time to click that link in my bio. 🔗

10/31/2025

Have a safe and spooky holiday! 🎃👻

10/30/2025

This is what I'm begggging you to look at every single month, even if you're not one of my clients!

Your Profit + Loss statement shows your revenue (aka your sales), your expenses, and your net income (or loss).

If you're asking questions like:

→ What am I spending the MOST money on in my business?

→ Are there any places I can cut spending?

→ What is my most profitable good or service?

Your P&L has the answers!

If you aren't using your P&L to make decisions for your small business, you're flying blind!

👋 Missed yesterday’s post on the balance sheet? Scroll back on my page to find it!

P.S. If you’re a [your niche] who's tired of wondering “how much money did I make last month?!”, hire me to do your bookkeeping!

10/29/2025

If you're nervous to book a call with me because you don't know what to expect, here's what I ask on EVERY call:

→ Do you have a current bookkeeping system in place?

There's zero judgment on my end if you don't, or if your current DIY spreadsheet is a mess. I'm trying to get a baseline of where your business is so I can figure out the best way to get your bookkeeping back on track! 📚

→ How is your business organized?

Your bookkeeping needs can change depending on whether you're a sole proprietor, LLC, S corp, or partnership!

→ Do you have employees on payroll, pay any contractors, or collect sales tax?

Your answer to this question lets me know if you'll need payroll tax filings/reconciliations, 1099 filings, and sales tax filings.

→ Are you currently working with a tax accountant?

If you don't have an accountant you love, I can give you recommendations for great tax pros who have experience in your industry! 💰

Feeling less nervous about your call now? GOOD!

🖥️ Click the link to schedule a call today! 📆

https://calendly.com/maurashockey/30min

10/28/2025

PSA🗣

10/27/2025

10/26/2025

Here are the 9 states to have on your "dream home" list if you're worried about state income taxes:

→ Alaska
→ Florida
→ Nevada
→ New Hampshire
→ South Dakota
→ Tennessee
→ Texas
→ Washington*
→ Wyoming

But... just because there's no state income tax doesn't mean these states are low-tax states.

You need to factor other state-level taxes (like property tax + sales tax) into your decision if you're truly trying to minimize your tax burden!

*Washington does impose a capital gains tax for high-earning taxpayers.