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Financial Statements: List of Types and How to Read Them

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Running a small business means juggling plenty of paperwork—receipts, invoices, bank statements, payroll records—you name it. 

However, among all the documents, your financial statements are the ones that truly tell the story of your organization’s economic health. These statements are based on Generally Accepted Accounting Principles (GAAP), providing you with consistent and reliable insights.

What are financial statements? Simply put, they’re the formal reports that show how money flows through a business. There are different types of financial statements (which we’ll discuss in a moment), and each contributes to managing cash flow, attracting investors, securing loans, and planning for growth.

That’s not all: they’re also mission-critical during your most important financial moments, like tax season, audits, and financing applications.

If you want to ensure you have enough cash flow for your operations, are eager to attract a new investor or secure a loan, or you simply want to take control of your business’ finances, here’s everything you need to know about financial statements, so you can keep things in order and prepare for growth.

The 4 primary financial statements (and how to read them)

Before you can use financial reports to guide decisions, you need to understand what each one actually tells you. These four statements form the foundation of good accounting—and when reviewed together, they paint a full picture of your business’s health.

Income statement (Profit & Loss)

First up is your income statement, also known as the profit and loss statement. It’s one of the most commonly used financial reports, providing a snapshot of revenue, expenses, and net profit or loss over a specified period (such as a quarter or a year). It gives a clear view of your company’s financial performance over a specified period.

Key line items on your P&L include:

  • Gross profit: Revenue minus cost of goods sold (COGS).
  • Operating expenses: Day-to-day costs like rent, salaries, marketing, and utilities.
  • Net income: What’s left after all of the expenses—your bottom line, including non-cash expenses and taxes earnings.

What should you look for in your P&L? It helps you answer big questions like whether you’re profitable, or if you’re overspending (and where). For example, are operating expenses creeping up faster than revenue?

Pro tip: Many business owners misunderstand “net profit” vs. “cash in the bank,” but they’re not the same. Your income statement shows profitability, not liquidity. 

For example, you may show a profit on paper, but still struggle with cash flow if customers haven’t paid their invoices. That’s why it’s critical to view income statements alongside other reports (like the cash flow statement).

Balance sheet

Your balance sheet is a snapshot of your business’s financial position at a specific point in time. Unlike the income statement (which covers a span of time), the balance sheet shows what your business owns (assets), what it owes (liabilities), and what’s left over for the owner (equity) at that exact moment. It helps you evaluate your company’s financial position and solvency.

Here’s an important equation for balance sheets: Assets = Liabilities + Owner’s Equity

Let’s break it down:

  • Assets include items such as cash, inventory, equipment, and accounts receivable. These reflect what the company owns.
  • Liabilities are what you owe (like loans, credit card balances, or unpaid bills), including accounts payable and both current and non-current liabilities.
  • Owner’s Equity is the value that remains for you as the business owner after liabilities are subtracted from assets. This reflects your company’s assets on paper.

What should you look for in your balance sheet? Use this financial statement to assess financial stability. Are your liabilities growing faster than your assets? This could signal financial trouble. Reviewing your company’s balance sheet regularly can prevent surprises.

Cash flow statement

The cash flow statement tracks the movement of cash in and out of your business over a specified reporting period. It categorizes cash based on business activities, including daily operations, investments, and financing.

It follows three main categories:

  • Operating activities: Cash generated from day-to-day business (like customer payments and supplier expenses).
  • Investing activities: Cash used for or earned from buying and selling assets (like equipment or property).
  • Financing activities: Cash from loans, investor funding, or owner contributions.

While your income statement shows profitability, the cash flow statement shows liquidity, or how much actual cash your business has on hand. Free cash is key here. 

And that’s a big deal, because even a profitable business can run out of cash if payments are delayed, expenses spike, or too much money is tied up in inventory. Studies show that most small businesses report at least some cash flow issues.

What should you look for in your cash flow statement? Look for patterns in cash gaps or seasonality. Are there times of the year when you consistently dip into the red? Are there significant gaps between when you invoice customers and when cash comes in? Recognizing these trends can help you plan ahead and stay in control.

Statement of retained earnings

When your business makes money, where is that money going? That’s what the statement of retained earnings seeks to answer—it shows how your business’s profits are either reinvested or distributed over time. 

After covering expenses and taxes, your net income doesn’t just disappear. It either stays in the business to fund future growth or gets distributed to owners or shareholders.

These reinvested earnings appear in shareholders’ equity and indicate how profits are utilized. For corporations and public companies, retained earnings can also influence decisions about issuing dividends or repurchasing the company’s stock.

This report is especially important for partnerships and S Corporations, where profits pass through owners and distribution decisions impact both tax planning and capital reserves.

What should you look for in your statement of retained earnings? Pay attention to growth in retained earnings over time, large distributions, and alignment with your financial goals. 

If you’re investing heavily, are you seeing a return—such as improved revenue, productivity, or market reach? If not, it may be time to re-evaluate where profits are going.

Keep in mind, this statement can be rolled into the equity section of the balance sheet, but for service businesses reinvesting into growth, it’s often worth it to address it separately, so you can understand how profits are fueling your business.

Additional financial reports you should know

Did you get all that? While those are the core financial statements you need to know about, there are a few more to keep on your radar. These aren’t GAAP-required, but they can provide valuable insights for both day-to-day decision-making and long-term planning.

Some additional reports include:

  • Accounts receivable aging report: Shows which customers owe you money and how long their invoices have been outstanding. It helps you stay on top of collections and spot cash flow risks early.
  • Budget vs. actual report: Compares your projected income and expenses to what actually happened. This helps identify where you’re overspending, underperforming, or exceeding expectations.
  • Profitability by service line or location: Breaks down which parts of your business are most (or least) profitable. Useful for companies with multiple offerings or branches, allowing you to allocate resources strategically.

Each report highlights a few key components that matter to daily decisions. While not part of the core financial statements, these other financial statements can enhance visibility.

How often should you review your financial statements?

How often should you review your financial statements, really? A monthly accounting overview helps you stay on top of your finances, catch potential issues early, and plan ahead. 

It helps keep you close to your finances, allows you to catch red flags early, and gives you the information you need to make proactive decisions (instead of just scrambling at tax time).

Adding more financial tasks to your docket might sound intense. Studies show that business owners spend a significant amount of time and money on tax preparation, and many say that bookkeeping and taxes are the most challenging aspects of owning a business. 

But don’t worry, we have good news: you don’t need to “do it all,” or go at it alone. You just need to make sure these tasks are being done, whether you’re working with a bookkeeper, a CPA, or using accounting software.

What financial statements reveal about your business’s health

Financial statements are more than just paperwork. They’re powerful tools that help you answer critical questions about your business’s stability, performance, and readiness for growth. They offer a window into your company’s financial health and operations.

For example, they can help you understand the answers to real-world questions like:

  • Are we profitable? Your income statement can show whether your business is generating more revenue than it’s spending. A positive net income over time means you’re profitable—but if profits are inconsistent or shrinking, it may be time to revisit your pricing strategy or cost structure. This is where total revenue becomes a key indicator.
  • Can we cover our short-term obligations? Your balance sheet holds the answers. By comparing current assets (like cash and receivables) to current liabilities (like bills and loan payments), you’ll know if you can pay what’s due soon.
  • Do we have sufficient funds to pay our contractors and employees? The cash flow statement shows whether you have money on hand, instead of just profit on paper. It highlights gaps between billing and actual cash received, which is essential for making payroll, paying vendors, or taking on new projects.
  • Are we financially ready to expand? Review your retained earnings statement and cash flow trends. Are profits being reinvested (and are those investments paying off)? Do you have a suitable buffer to cover expansion costs? Financial data provides quantifiable value when tracking results over time, supporting future projections and informed decisions.

Ultimately, when you connect your financial statements to day-to-day operations, you’re able to move forward with confidence—whether you’re adjusting pricing, planning for growth, or simply trying to stay ahead.

Common mistakes small business owners make with financials

Managing your financial statements can be overwhelming, and it’s easy to fall into some common traps that can truly hold you back. Reviewing historical data and spotting historical trends helps you avoid repeating past mistakes.

Here are a few common mistakes many small business owners make:

  • Relying only on the bank balance: Your bank account shows cash on hand, but it doesn’t tell the whole story. Without reviewing your financial statements, you might miss out on underlying issues that affect profitability (like outstanding invoices or upcoming bills).
  • Not reviewing financials regularly: Waiting until tax season or year-end to look at your numbers means missing opportunities to catch problems early or make proactive decisions. Regular reviews help you stay on top of cash flow, expenses, and growth.
  • Ignoring accrual vs. cash basis: Confusing these methods can lead to misinterpreting your financial position. Accrual accounting records income and expenses when they’re earned or incurred (not necessarily when cash changes hands) so it offers a clearer picture of your business’s true health.
  • Misclassifying expenses: Incorrectly categorizing costs can distort your reports, affect tax filings, and lead to poor budgeting decisions. Accurate classification helps you understand where your money is going and identify areas for savings. This is where understanding accounting principles and accounting rules matters most.
  • Skipping or delaying adjusting entries in accounting: These ensure your books reflect the true timing of income and expenses, especially when using accrual accounting.
  • Forgetting to track accrued expenses: These can distort your reports if not accounted for properly.

At Archer Lewis, we specialize not only in being your accounting partner but also in bringing clarity and structure to your financials. Our team helps you avoid these pitfalls by providing services such as accurate bookkeeping, insightful financial reporting, and expert guidance—all with a bespoke, personalized touch. 

For many, outsourced accounting for small businesses is the simplest way to stay organized without adding to your workload.

Frequently asked questions

Let’s wrap up with a few questions we hear often from small business owners. If you’re still unsure about what reports you need or how to use them, this section’s for you.

What’s the difference between a bookkeeper, an accountant, and a CPA?

Understanding the differences between bookkeeper vs accountant vs CPA is essential for small business owners. Bookkeepers handle day-to-day transaction recording, accountants interpret financial data and prepare reports, and CPAs (Certified Public Accountants) are licensed professionals who offer strategic advice, audit support, and tax planning.

What’s the difference between cash flow and profit? 

Profit is the amount of money your business earns after subtracting expenses (as shown on your income statement). It indicates whether your business is financially successful over a specified period.

Cash flow tracks the actual movement of cash in and out of your business (when the money is received or paid), regardless of when sales are made or expenses are recorded.

Can I skip the retained earnings statement? 

The retained earnings statement isn’t always a required separate report, as the information often appears in the equity section of the balance sheet. However, it remains a valuable tool, especially for partnerships, S Corporations, or service businesses that reinvest profits into growth.

Do I need all four reports if I’m a small business? 

It depends on your business needs, but generally, having all four key financial statements provides the most complete picture of your financial health. Even for small businesses, these reports serve different purposes. 

Some very small or sole-proprietor companies might start with just the first three, but as you grow, the retained earnings statement often becomes more important. Each one plays a role in comprehensive financial statement preparation. 

Following accounting standards, such as GAAP or International Financial Reporting Standards, ensures accuracy and compliance with the requirements set by regulatory bodies, like the Securities and Exchange Commission.

Know your numbers, grow your business

Financial statements aren’t just paperwork for accountants or something you glance at during tax season—they’re essential tools for running, growing, and protecting your business. When you understand your income statement, balance sheet, cash flow statement, and retained earnings, you’re better equipped to make smart, confident decisions.

Are financial statements giving you a headache, or a neglected back-burner task? Allow us to assist you. Here at Archer Lewis, we’re more than just an accounting firm: we tackle your financial reports and use those insights to help you grow and succeed.

Whether you’re expanding locations, hiring new team members, launching new products, or simply want to get a better handle on your financial health, let us help you with your financial reporting. 

Your financials help provide investors with confidence in your business strategy. Whether tracking total income or managing equity financing, we’re here to help. We’ll help connect your financials to your company’s activities in real time.

Connect with a trusted Archer Lewis advisor today. We’ll help you turn your financial reports into actionable insights.

Financial Statement Example and Breakdown for Growing Businesses

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If you’re running a business and you have your sights set on growth, hiring, or expansion, you’re already making strategic decisions. But here’s the thing: in order to scale smart, you need to understand the full story of what your small business financial reports are telling you. Your company’s financial health depends on it.

This guide is designed for leaders like you—business owners who don’t need an accounting degree, but who do want financial clarity and understanding. We’ll walk you through financial statement examples, so you can understand what these key documents are really telling you, including how to read them and what to look for. You’ll also learn why financial statements are important for financial planning and decision-making.

Let’s demystify the numbers and turn your financials into a powerhouse business tool, together.

Why financial statements matter during business growth

Financial statements (like your income statement, balance sheet, and cash flow statement) are like X-Ray machines, which reveal what’s really going on inside your business, financially speaking. 

Built on Generally Accepted Accounting Principles (GAAP) and sometimes aligned with international financial reporting standards, they give your company’s finances the structure and consistency needed to plan and grow.

While they’re critical cornerstones of day-to-day operations and decision-making, they’re even more essential during times of growth. They offer a clear view into your company’s liquidity, your business’s financial performance, and your overall financial position.

Why? As your business scales, things get more complicated—and fast. 

You’ll likely find yourself suddenly juggling more small business expenses, staff, accountants, and high-stakes decisions. Suddenly, that mental math or gut check that used to (maybe) work doesn’t cut it anymore.

That’s where financial reports for small businesses come into the picture. These reports give you clarity on your most pressing questions regarding profitability, cash flow, and future readiness. 

Are you profitable—or just busy? Do you have the cash flow necessary to support those new hires you’re eyeing? Are your margins holding up as you grow, or are things becoming shaky?

Ultimately, these statements help you spot financial trends, compare past performance, avoid surprises, and plan for the future with laser-focused precision. Track results across multiple periods, and you’ll begin to understand your complete picture.

Studies show that small businesses today are struggling with financial challenges, including inflation, taxes, and competition. Financial statements give you the valuable insights and leverage you need to overcome financial hurdles, improve resilience, and take your business to new heights.

A real-world example: Service-based business with 10 employees

Let’s bring the numbers to life with a realistic financial statement example, using a fictional small business. Meet Coastal HVAC Services, a growing business that has 10 employees, two trucks, and they’re booked out two weeks in advance. Business is great, but as they eye a third truck and additional hires, the owner wants to ensure they’re financially ready for the next step.

Here’s a snapshot of their monthly accounting overview: 

  • Monthly revenue: $100,000 
  • Cost of goods sold (COGS): $35,000 
  • Operating expenses: $50,000 
  • Net income: $15,000

Whether you’re reviewing a business report or using a personal financial statement template for your own goals, this gives the owner a complete picture of income, expenses, and what they can confidently spend.

As we continue through this article, we’ll walk through how these numbers show up—and what they reveal—across each financial statement example.

Income statement (P&L) breakdown

The income statement—also called the profit and loss statement (P&L)—shows how much money your business made (or lost) over a specific period of time. It’s one of the clearest ways to assess your company’s financial performance.

In our financial statement example with Coastal HVAC Services, it serves as the go-to report for understanding profitability and monitoring margins.

Here’s a simplified version of Coastal HVAC’s monthly income statement: 

  • Revenue (sales): $100,000—from completed jobs. 
  • COGS → Gross profit: $35,000 → $65,000—includes HVAC parts, subcontractor labor, tools. 
  • Operating expenses: $50,000—salaries, rent, truck fuel, advertising, admin software. 
  • Net income: $15,000—your actual profit after everything’s been paid.

You can also calculate operating income by subtracting operating expenses from gross profit. And remember, income statements don’t reflect unrealized gains or delays in accounts receivable. Pay close attention to the line items here, especially as you scale.

Balance sheet highlights

The balance sheet in accounting is a snapshot of your business’s financial position at a specific point in time. It shows what the company owns (assets), what it owes (liabilities), and what’s left over (equity). Simply put, it shows your company’s financial position.

Here’s what a simple balance sheet might look like for Coastal HVAC: 

  • Assets (equipment & vehicles): $150,000 
  • Long-term liabilities (truck loan + line of credit): $50,000 
  • Equity (retained earnings): $100,000

What does this balance sheet show us? Most of HVAC’s assets are tied up in items such as raw materials, trucks, and HVAC equipment. These assets can’t always be quickly converted into cash, so it’s essential to check your cash-on-hand against upcoming obligations.

Examine closely the relationship between long-term debt and asset value, as well as accounts payable growth. If debt approaches the value of the company’s assets, lenders (and you) may hesitate. Retained earnings and stockholders’ equity help determine your business’s net worth.

Cash flow statement: What’s really coming in and out

Cash flow is often a challenge for small businesses—even profitable ones—with nearly a quarter saying they’re not comfortable with their cash flow. That’s why cash flow statements are so valuable: the cash flow statement shows the actual movement of money in and out of your business, which is vital for both day-to-day operations and future planning.

Here’s what Coastal HVAC Services’ cash flow looks like: 

  • Operating activities: $20K in, $18K out → $2K net increase 
  • Financing activities: $1,000 truck loan payment

These figures reflect cash inflows from customers and cash spent on payroll, rent, and loan repayment. This cash flow is tight but positive.

One common mistake is assuming a profitable income statement equals cash in the bank. If accounts receivable or unearned revenue are high, you may look healthy on paper but feel squeezed in reality.

How to use these numbers to make smarter decisions

Financial statements aren’t just dense documents for your bookkeeper or tax preparer—they’re powerful tools for running and growing your business.

Here’s how to use them strategically:

  • Spot underperforming services: Use COGS and margin data to assess team and service performance.
  • Time your debt repayment or equipment purchase: If cash is tight, delay large purchases. Reviewing capital expenditures (capex) versus operational expenditures (opex)—such as equipment versus rent—can help you prioritize spending more effectively.
  • Plan for taxes: Steady net income means you’ll owe taxes—plan ahead.
  • Apply for financing: Lenders require proof of stability, and your financial records help make the case.
  • Raise capital: If you’re issuing stock or tracking the value of the company’s stock, accurate financials are critical.

Even if you’re not in the stock market, these financial benchmarks still matter.

When to get help from a CPA or bookkeeper

At some point, DIY isn’t enough. Bring in a pro when:

  • You’re hiring or scaling locations
  • You’re financing large purchases
  • You need investor reporting
  • You’re blending personal assets and business capital

They’ll help with everything from reporting period accuracy to separating business vs. personal decisions.

Turning financial statements into business confidence

These financial statement examples are meant to show you how critical these reports are to your business’s success. They’re more than just paperwork: they’re roadmaps that show you where your business stands today, and where it’s heading next.

Want a head start? Ask about our free financial statement templates or have us design a financial statement template tailored to your needs.

Here at Archer Lewis, our team of accounting experts provides bespoke support reviewing or setting up reporting systems aligned with your growth goals.

Start a conversation with our team today—we’ll help you turn your financial statements into strategic insights.

2024-2025 Federal Tax Brackets & Income Rates

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Tax season probably isn’t your favorite time of the year (unless you’re also an accountant). But understanding where you stand in terms of the federal tax brackets can make a big difference in your total tax liability—how much you owe or get back.

You might be wondering: I paid taxes last year, why do I need to stay up-to-date on tax brackets?

The answer? The Internal Revenue Service (IRS) makes adjustments to tax brackets every year by modifying tax provisions that also impact deductions. Yep—that means for your 2025 tax year, things will likely change.

Ultimately, understanding the federal tax brackets is crucial for determining what you owe and for effective business planning. Like, what should you do if you’re near a bracket cutoff? Should you defer a purchase until next year?

Here’s everything you need to know about federal tax brackets for 2024-2025, including savvy planning tips to optimize your finances.

Why tax brackets matter for small business owners

If you’re a small business owner, taxes are more than just a line item or something on your “to-do” list—they’re a key part of your financials that impact everything from your cash flow to your growth strategy. And one of the most crucial (and misunderstood) concepts in this process is federal individual income tax brackets.

Let’s break it down simply. One of the first things you need to know is the difference between marginal and effective tax rates. 

Different parts of your income are actually taxed at different rates, and as the income increases, so does the tax rate:

  • Your marginal tax rate is the highest rate that applies to your last dollar of income.
  • Your effective tax rate is the average percentage you pay across every portion of your income.

Think of it like a set of tiered water buckets. As you pour in income, each bucket (or bracket) fills up and overflows into the next. Only the water in the top bucket is where the highest rates apply, not everything you’ve poured in (phew).

This means:

  • Myth: “If I move into a higher bracket, all my income is taxed at that rate.”
  • Reality: Only the income within that bracket is taxed at that level.

Understanding federal tax brackets is crucial for two major parts of small business finances—estimated quarterly payments and year-end planning. 

  • Estimated quarterly payments: The IRS expects taxpayers, including the self-employed, to pay taxes throughout the year, on a quarterly basis. Your filing status—whether you’re filing single, jointly, or head of household—determines how much of your income is taxed at each level. Knowing your bracket helps you more accurately estimate how much to pay each quarter, avoiding both underpayment penalties and overpayment cash drains.
  • Year-end tax planning: As you approach year-end, knowing your projected tax bracket can help you make smart financial decisions, like when to make an investment in equipment or sell a business asset, pay bonuses, or defer income. Moves like these can help you optimize your overall tax liability and improve year-end cash flow.

2024 federal income tax brackets

Here are the official federal tax brackets for the 2024 year, according to the IRS (meaning income earned in 2024, filed by April 15, 2025. These brackets apply to taxable income, meaning your entire income after deductions. Brackets differ depending on your filing status—whether you’re a single filer, married individual, filing separate returns, or married couple filing jointly.

Keep in mind that while you might be a small business owner, most owners actually file as individuals or through pass-through entities. If that’s you, then this table directly affects your taxes. 

Single filers:

Tax Rate Taxable Income Range
10% $0 to $11,600
12% $11,601 to $47,150
22% $47,151 to $100,525
24% $100,526 to $191,950
32% $191,951 to $243,725
35% $243,726 to $609,350
37% Over $609,350

Married couples filing jointly:

Tax Rate Taxable Income Range
10% $0 to $23,200
12% $23,201 to $94,300
22% $94,301 to $201,050
24% $201,051 to $383,900
32% $383,901 to $487,450
35% $487,451 to $731,200
37% Over $731,200

Married individuals filing separate returns:

Tax Rate Taxable Income Range
10% $0 to $11,600
12% $11,601 to $47,150
22% $47,151 to $100,525
24% $100,526 to $191,950
32% $191,951 to $243,725
35% $243,726 to $365,600
37% Over $365,600

Head of household:

Tax Rate Taxable Income Range
10% $0 to $16,550
12% $16,551 to $63,100
22% $63,101 to $100,500
24% $100,501 to $191,950
32% $191,951 to $243,700
35% $243,701 to $609,350
37% Over $609,350

 

2025 federal income tax brackets (projected)

Each year, the IRS adjusts the brackets based on inflation. These projections are for the 2025 year, according to the IRS (meaning income filed in April 2026), and are based on current inflation adjustments and IRS indexing. 

As of this time, the 2025 federal income tax rates remain unchanged at 10%, 12%, 22%, 24%, 32%, 35%, and 37%, based on current tax rates and the IRS’s inflation adjustments. These annual shifts help reduce the effect of bracket creep, where inflation pushes you into a higher tax bracket without a real increase in purchasing power.

Single filers:

Tax Rate Projected Income Range
10% $0 to $11,950
12% $11,951 to $48,700
22% $48,701 to $103,400
24% $103,401 to $197,900
32% $197,901 to $251,600
35% $251,601 to $628,300
37% Over $628,300

Married couples filing jointly:

Tax Rate Projected Income Range
10% $0 to $23,900
12% $23,901 to $97,400
22% $97,401 to $206,800
24% $206,801 to $395,800
32% $395,801 to $503,200
35% $503,201 to $770,300
37% Over $770,300

Married filing separately:

Tax Rate Projected Income Range
10% $0 to $11,950
12% $11,951 to $48,700
22% $48,701 to $103,400
24% $103,401 to $197,900
32% $197,901 to $251,600
35% $251,601 to $385,150
37% Over $385,150

Head of household:

Tax Rate Projected Income Range
10% $0 to $17,100
12% $17,101 to $65,400
22% $65,401 to $103,350
24% $103,351 to $197,900
32% $197,901 to $251,600
35% $251,601 to $628,300
37% Over $628,300

 

While next year’s tax bill might seem a world away, keeping these estimates in mind can help with your 2025 tax planning. For example, you can decide whether to accelerate (i.e., invoicing) or defer income (push off bonuses) to optimize your tax liabilities. 

Self-employed or run a small business? Here’s what to know

Self-employed? We salute you—we know you’re swamped with the day-to-day of running your business. But keeping your business afloat (and ahead) isn’t enough—you also need to know how self-employment income is taxed.

First, self-employment income is taxed as ordinary income. It flows through the same federal income tax brackets as wages or salary, but keep in mind that long-term capital gains may be taxed differently depending on the type of gain. Your income may fall into different brackets based on how it’s earned.

But here’s the kicker: you’re also responsible for the self-employment tax, which is used to fund government programs like Medicare and Social Security. 

Regardless of your business’s structure, your personal tax bracket applies. 

However, how your income passes through that personal return varies based on your business structure: 

  • Schedule C: Used to report net profit based on your income and expenses, typically used by sole proprietors and single-member LLCs. Then, that final calculation is used to complete your personal tax return and determines how much you pay.
  • S Corporation: Pass income through via Schedule K-1, and only salary is subject to self-employment tax (distributions are not).
  • LLCs: Typically also pass through income to the owner(s), showing up on a Schedule C or K-1.

Keep in mind, your entity doesn’t change your tax bracket, but it does affect how much income is reported, how much of your income is subject to self-employment tax, and how taxes are withheld or paid.

Tax planning tips based on your bracket

No matter where you fall on the federal tax bracket spectrum, understanding your position allows you to unlock smarter, more strategic planning. You know those stories about financially savvy folks who have less tax liability? You can be one of them. 

Here are some tax tips to keep in mind, based on your bracket, which can help reduce tax surprises and lower your liability.

If you’re near a bracket cutoff…

If you’re hovering near the edge of a higher tax bracket, and you don’t want to spill over into the next “bucket,” one way to potentially reduce your taxable income is through your retirement contributions. 

When you make contributions to accounts like your SEP IRA and solo 401(k), you lower your amount of taxable income. You can also look into tax credits, which directly reduce what you owe—these credits can be especially valuable if you’re near a bracket cutoff.

Each type of plan has its own rules: for example, with a tax-deferred 401(k), you’ll be taxed on the money you withdraw in your retirement years, but likely at a lower rate.

If you’re in a higher-income tax bracket…

If you’re in a higher tax bracket, the qualified business income (QBI) deduction allows eligible self-employed and small-business owners to deduct up to 20% of their qualified business income. 

There are income thresholds and rules, especially if your business is a specified service trade or business (SSTB), so proper structuring is key. The current bracket structure came from the 2017 Tax Cuts and Jobs Act, which is set to sunset in the near future.

Also, donating to qualified nonprofits can significantly reduce taxable income. The limits are based on your adjusted gross income. According to the IRS, your deductions can’t generally be more than 60% of your AGI, but in some cases, 20%, 30%, or 50% limits may apply. 

For married taxpayers, some deductions phase out more quickly, so timing matters.

If your income is uneven or seasonal…

If your income is uneven or seasonal, consider using quarterly estimated tax adjustments to closely match estimated tax payments with actual earnings. This approach can help you avoid penalties and improve cash flow. 

The goal with these strategies isn’t to avoid taxes—it’s to plan them with intention. When you do so, you can reduce stress, make taxes a breeze, and keep more of your hard-earned money working for you and your business. 

Frequently asked questions (FAQs)

Taxes touch just about every part of your business—and it’s normal to have questions. Below are a few of the most common questions we hear from small business owners seeking clarity on brackets, filings, and their impact on the bottom line.

What’s the difference between marginal and effective tax rate?

Your marginal tax rate is the highest rate that applies to your last dollar of income, while your effective tax rate is the average you pay across all of your income. 

Let’s say you earned $120,000. That puts your marginal tax rate at 24%, but only your income over the lower bracket threshold is taxed at that rate. Once you tie all of the tiers together, your effective tax rate (what you pay on average) might be closer to 18%.

Do business owners pay more in taxes than employees?

It depends. Self-employed individuals, certain remote workers, and businesses might have higher rates due to the self-employment tax. 

However, they typically have access to many tax deductions that employees don’t (like home office expenses, equipment, and business travel) and have more control over how and when their income is received (which allows for strategic planning that can lower overall tax liability). 

Should I change my business structure based on my bracket?

Not necessarily. Your federal tax bracket alone shouldn’t be the sole factor in your decision. Choosing the right business structure depends on factors such as net income, payroll, and growth plans. 

For example, switching to an S corp might save on self-employment tax, but it also comes with stricter rules around payroll, compliance, and profit distribution. That’s why it’s best to speak with a qualified CPA or tax expert for guidance. 

Plan Ahead With Archer Lewis

Understanding your federal tax bracket is a smart starting point for making your most important financial decisions and is the cornerstone of a well-structured business financial strategy. 

The key is timing: many business owners wait until tax season to consider their bracket positioning, when most planning opportunities are already off the table.

Instead, review your bracket positioning before year-end, when there’s still time to make moves that move the needle in your finances. Whether it’s adjusting income, contributing to retirement plans, or changing your business structure, a proactive conversation can help you plan with purpose.

If you’re to take control of your taxes, start a conversation with our team today. We’ll help you use your tax bracket as a tool, not a surprise.

Navigating the One Big Beautiful Bill Act: A Sweeping Overhaul of Tax Policy for Individuals and Businesses

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The recently passed “2025 Reconciliation Bill,” officially titled “An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” or the “One Big Beautiful Bill Act” (OBBBA), and signed into law on July 4, 2025, marked a significant transformation of the U.S. tax code. This comprehensive legislation extends and modifies provisions from the 2017 Tax Cuts and Jobs Act (TCJA) while introducing a host of new tax policies that impact both individuals and businesses.

Running a business is challenging enough without having to decode complex tax legislation. But when sweeping changes like the “One Big Beautiful Bill Act” (OBBBA) become law, understanding their impact on your operations isn’t optional—it’s essential for protecting your bottom line and positioning your business for growth.

At Archer Lewis, we understand how overwhelming major tax changes can be. That’s why we’re breaking down what business owners need to know about the OBBBA—so you can focus on what really matters: running and growing your business.

Key Changes for Individuals

The OBBBA introduces several provisions aimed at delivering tax relief to individuals, particularly middle-class families, while also implementing measures that affect high-income earners and specific groups:

  • Permanent Extension of TCJA Individual Tax Rates: The bill solidifies the lower individual income tax rates from the 2017 TCJA, preventing their scheduled expiration at the end of 2025. This ensures continued tax relief across income brackets.
  • Increased Standard Deduction: The standard deduction, significantly increased under the TCJA, is now permanent and further raised to $15,750 for single filers, $23,625 for heads of household, and $31,500 for married couples filing jointly, with annual inflation adjustments. A temporary $6,000 bonus deduction for seniors over 65 is available through 2028, phasing out for higher earners.
  • Individual State and Local Tax (SALT) Deduction: The SALT deduction cap is raised from $10,000 to $40,000 for taxpayers earning less than $500,000, with a 1% cap increase till 2029.
  • No Tax on Tips and Overtime: Through 2028, workers in tipped occupations can deduct up to $25,000 in tip income, and overtime workers can deduct up to $12,500, subject to income limits ($150,000 for single filers, $300,000 for joint filers).
  • Trump Accounts: A new tax-deferred savings vehicle for children under 18, allowing annual contributions up to $5,000, with a one-time $1,000 government deposit for newborns born between 2025 and 2028. These accounts support education, small business investments, or first-home purchases.
  • Charitable Deductions: Non-itemizers can claim a charitable deduction of up to $1,000 (single) or $2,000 (joint).
  • Child Tax Credit and Other Family Benefits: The child tax credit is permanently increased by $200, with inflation adjustments. Enhancements to employer-provided childcare credits and adoption credits also support families.
  • Adoption Tax Credit: The OBBBA enhances the adoption tax credit, increasing the maximum credit to $16,810 per child (up from $14,890 in 2024) for qualified adoption expenses, with inflation adjustments. The credit is now fully refundable for families with incomes below $250,000 (single) or $500,000 (joint), phasing out thereafter.
  • Car Loan Interest Deduction: A new provision allows taxpayers to deduct up to $10,000 in interest on car loans for vehicles purchased after January 1, 2025, provided the vehicle is used primarily for personal purposes. This deduction is capped at $150,000 in loan principal and phases out for incomes above $100,000 (single) or $200,000 (joint).
  • 529 Plan Enhancements: The bill expands 529 plan benefits, allowing tax-free withdrawals of up to $15,000 annually for private K-12 education (previously $10,000) and introducing a new provision for up to $10,000 in rollovers to Roth IRAs without penalty, provided the account has been open for at least 15 years.

Key Changes for Businesses

The OBBBA includes significant tax incentives for businesses, particularly small businesses and manufacturers, while also introducing new complexities:

  • 100% Bonus Depreciation Restored: Businesses can immediately expense qualifying assets placed in service after January 19, 2025, with permanent provisions for capital investments and specific benefits for manufacturing through 2032.
  • R&D Expensing: Immediate expensing of domestic research and development (R&D) costs is restored and made permanent for tax years beginning after December 31, 2024 (retroactive to 2022 for eligible small businesses)
  • Qualified Business Income (QBI) Deduction: The Section 199A deduction for pass-through entities is made permanent at 20% (the House proposed 23%, but the Senate retained the original rate). This benefits small businesses and partnerships.
  • Section 179 Expensing: The expense cap for depreciable business assets is increased to $2.5 million, with a phase-out threshold of $4 million, effective for 2025 and adjusted for inflation thereafter.
  • Business Interest Deduction: The business interest limitation under Section 163(j) is modified to use EBITDA (including depreciation and amortization) for calculations, allowing greater deductions through 2029.
  • Allocation of Deductions to Foreign Source Net CFC Tested Income (Formerly Known as GILTI): For foreign tax credit purposes, the OBBBA modifies the allocation of deductions to foreign source net Controlled Foreign Corporation (CFC) tested income, previously referred to as Global Intangible Low-Taxed Income (GILTI). The bill allows a 50% deduction for foreign source net CFC tested income, increasing to 60% for tax years after 2027, reducing the effective tax rate on such income. This change aims to enhance the competitiveness of U.S. multinationals by improving foreign tax credit utilization.
  • One Percent Floor for Corporate Charitable Contributions: The OBBBA introduces a 1% floor for deductions of corporate charitable contributions, meaning corporations can only deduct charitable contributions exceeding 1% of their adjusted taxable income. This provision, effective for contributions made after December 31, 2024.
  • Clean Energy and Other Provisions: The bill phases out certain clean energy tax credits from the Inflation Reduction Act, such as electric vehicle and charging credits, while extending biofuel credits to 2031. It also introduces a 1% tax on remittances and modifies international tax rules, including GILTI and FDII.

Impacts and Considerations

The OBBBA is one of the most significant tax reforms since the TCJA, with far-reaching implications. Its impact on business cash flows and individual wealth planning is significant. Taxpayers should model scenarios for effective tax strategies. Businesses should consult advisors to navigate retroactive provisions and new opportunities, such as bonus depreciation and R&D expense. Businesses can file amended returns to claim refunds for previously paid taxes, while high-net-worth individuals should reassess estate planning due to the increased estate tax exemption to $15 million per individual.

Why business owners & individuals choose Archer Lewis

At Archer Lewis, we offer integrated tax and financial solutions specifically designed for growing businesses. Our team provides clear, proactive guidance whether you’re a small business owner or managing complex operations across multiple locations.

We combine deep tax expertise with practical business understanding to deliver results that matter.

Our services include:

  • Strategic tax planning for business owners navigating complex legislation
  • Comprehensive business accounting that captures all available deductions and credits
  • Fractional CFO services for growth planning and cash flow optimization
  • Integrated personal and business tax preparation that maximizes overall benefits
  • Ongoing compliance support that keeps you focused on business operations

With Archer Lewis, you gain a dedicated team that understands both tax law and business success, and works with you to turn complex legislation into competitive advantages.

Contact us today for a free consultation. We’ll help you build integrated tax strategies that support your growth goals—and give you confidence that you’re making the most of every available opportunity.

Looking Ahead: A Series of In-Depth Blog Posts

Given the complexity and breadth of the OBBBA, we will break down its provisions in a series of blog posts to provide clarity and actionable insights. Upcoming topics include:

  • Individual Tax Strategies: Exploring deductions for tips, overtime, and SALT, as well as Trump Accounts and charitable giving.
  • Business Tax Opportunities: Detailing bonus depreciation, R&D expense, and QBI deductions for small businesses and manufacturers.
  • Payroll: The payroll changes aim to provide tax relief for workers in specific sectors while incentivizing employer-provided benefits like childcare. However, they introduce significant administrative complexity.
  • Estate and Wealth Planning: Analyzing the increased estate tax exemption and its implications for high-net-worth individuals.
  • Industry-Specific Impacts: Examining how sectors like manufacturing, real estate, and technology are affected.
  • International and Energy Tax Changes: Covering modifications to GILTI, FDII, and the phase-out of clean energy credits.

Stay tuned for these detailed analyses to help you navigate the opportunities and challenges presented by the One Big Beautiful Bill Act. For personalized advice, consult with a tax professional to align these changes with your financial goals.

Why Manufacturers Need Fractional CFO, Controller, Bookkeeping, Tax, and HR PEO Services

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Running a manufacturing business is demanding, but it’s also incredibly complex from a financial and operational standpoint. You’re managing production lines, optimizing supply chains, and staying competitive while navigating intricate cost structures, regulatory compliance, and workforce challenges that are unique to your industry.

At Archer Lewis, we understand how overwhelming that can be. That’s why we offer fractional CFO, controller, bookkeeping, tax, and HR PEO services designed specifically for manufacturers. We help you streamline operations, maximize profitability, and ensure compliance—so you can focus on what really matters: building great products.

Without the right financial and operational structure, it’s easy to miss cost-saving opportunities or make expensive mistakes that affect your cash flow, regulatory standing, or long-term growth potential.

This guide breaks down what manufacturers need to know about building smart, integrated financial and HR systems that keep operations running smoothly and position your business for sustainable success.

What manufacturers need from financial and HR services

Manufacturing businesses require specialized financial and operational support that addresses the unique complexities of production-based operations. These businesses face challenges that service companies typically don’t encounter—inventory management, cost of goods sold calculations, complex payroll structures, and regulatory compliance across multiple jurisdictions.

Because manufacturers handle both production operations and complex business requirements, they need integrated support that addresses:

  • Accurate cost accounting and inventory tracking across production cycles
  • Strategic financial planning for capital-intensive equipment purchases
  • Complex payroll management, including union contracts and overtime calculations
  • Multi-state tax compliance and manufacturing-specific deductions
  • HR compliance for high-risk manufacturing environments

Comprehensive financial and operational management ensures regulatory compliance and provides instant access to critical data that drives smarter business decisions.

If you’re in the early stages of growth, partnering with specialists who understand manufacturing may be the first step to building a solid operational foundation.

Key operational components in manufacturing businesses

Manufacturing is a massive economic driver: the sector contributes over $2.3 trillion to the U.S. economy annually and employs more than 12 million Americans across diverse industries.

Building a manufacturing operation can require anywhere from hundreds of thousands to tens of millions of dollars in capital investment. A robust financial and operational framework is vital, as manufacturing businesses have unique cost structures and regulatory requirements.

Understanding how each affects your operations and bottom line is critical:

Complex cost accounting: Raw materials, labor, overhead, and finished goods tracking that requires sophisticated accounting methods and real-time visibility.

Capital-intensive investments: Equipment purchases, facility expansions, and technology upgrades that demand strategic financial planning and cash flow management.

Regulatory compliance: OSHA safety requirements, environmental regulations, and industry-specific standards that require ongoing monitoring and documentation.

Workforce management: Complex payroll structures, benefits administration, and compliance requirements that vary significantly from other industries.

Without a firm grasp on how these affect your financial statements and operational efficiency, it’s easy to make errors that compound over time.

Why integrated financial and HR management matters

Financial and operational management for manufacturers isn’t just about keeping accurate books. It’s about optimizing production costs, ensuring regulatory compliance, and building sustainable growth despite industry volatility.

Key systems to build into your manufacturing operations include:

  • Real-time cost accounting that tracks materials, labor, and overhead across production runs
  • Cash flow management systems that handle the capital intensity of manufacturing operations
  • Strategic financial planning that supports equipment investments and facility expansion
  • Comprehensive HR systems that ensure compliance and support workforce scaling

This isn’t administrative overhead. These systems support smarter operational decisions and help you build competitive advantages in demanding markets.

Common manufacturing, finance, and HR mistakes

Getting manufacturing operations wrong isn’t just inefficient—it’s expensive and potentially dangerous.

Here are the top mistakes we see manufacturers make:

Inadequate cost tracking: Without accurate cost accounting, you can’t properly price products or identify inefficiencies in your production processes.

Poor cash flow planning: Manufacturing’s capital requirements and seasonal fluctuations demand sophisticated cash flow management to avoid funding crises.

Compliance oversights: Missing OSHA requirements, tax obligations, or labor law compliance can result in significant penalties and operational disruptions.

Generic financial systems: Tools not designed for manufacturing often mishandle inventory accounting, cost allocation, or regulatory reporting requirements.

Working with professionals who understand manufacturing operations can help you avoid these costly pitfalls while building systems that support growth.

How integrated financial and HR systems support manufacturing growth

Well-structured financial and operational systems do more than meet compliance requirements. They create the foundation for competitive advantage and sustainable expansion.

Here’s what you need:

  • Sophisticated cost accounting that provides real-time visibility into production costs, material usage, and labor efficiency across all operations.
  • Strategic financial planning that supports equipment investments, facility expansion, and market development initiatives.
  • Comprehensive HR systems that ensure compliance while supporting workforce development and operational scaling.
  • Integrated reporting that connects financial performance with operational metrics, providing actionable insights for decision-making.

All of this creates streamlined operations that improve profitability, support strategic planning, and keep you focused on manufacturing excellence.

If you’re evaluating financial and operational partners, it’s important to choose professionals who understand manufacturing’s unique requirements and growth patterns.

When to bring in manufacturing specialists

You may be ready for specialized financial and operational support if:

  • You’re planning significant equipment investments or facility expansion
  • You’re struggling with cost accounting or inventory management complexity
  • You need better insight into production costs and operational efficiency
  • You spend more time on administrative tasks than on manufacturing operations

Partnering with fractional CFOs, controllers, and HR specialists who understand manufacturing helps you reduce administrative burden, ensure compliance, and improve operational visibility.

Why manufacturers choose Archer Lewis

At Archer Lewis, we offer integrated financial and operational solutions specifically designed for manufacturers. Our team provides clear, proactive support whether you’re a growing operation or managing multiple facilities across different markets.

We combine the best of both worlds: deep manufacturing expertise and cutting-edge financial technology.

Our services include:

  • Specialized bookkeeping and manufacturing cost accounting for production operations
  • Fractional controller services for operational oversight
  • Strategic CFO guidance for growth planning and capital allocation
  • Comprehensive tax planning, including manufacturing-specific credits and deductions
  • HR PEO services are designed for manufacturing environments

With Archer Lewis, you gain a dedicated team that understands your industry and works with you to optimize costs, ensure compliance, and build sustainable competitive advantages.

Let’s streamline your manufacturing operations

Whether you’re launching a new facility or optimizing existing operations, financial and operational complexity shouldn’t hold you back. If you’re tired of wrestling with cost accounting, managing compliance requirements, or planning for capital investments, you’re not alone—and you don’t have to handle it alone.

At Archer Lewis, we offer specialized support that helps you optimize operations, improve profitability, and get more strategic value from your financial data. No generic solutions. No unreturned calls. Just clear guidance from people who understand how manufacturing businesses succeed.

Contact us today for a free consultation. We’ll help you build integrated systems that support your operational goals—and give you time back to focus on what you do best: manufacturing excellence.

Why Every Entertainer Needs a Bookkeeper and Accountant

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Being an entertainer is exhilarating—but it’s also financially complex, which is why most successful entertainers work with a professional bookkeeper. Whether you’re an actor chasing your next role, a musician touring venues, or an influencer building your brand, you’re managing more than just your craft—you need a skilled bookkeeper to handle the financial complexity that comes with creative careers. You’re dealing with irregular paychecks, complex tax rules, and expenses that don’t fit into typical business categories.

At Archer Lewis, we understand how overwhelming that can be. That’s why we offer bookkeeping and accounting services designed specifically for entertainers and creative professionals. We help you stay compliant, maximize deductions, and build financial security—so you can focus on what really matters: your craft.

Without the right financial structure, it’s easy to miss opportunities or make costly mistakes that affect your cash flow, tax liability, or even your long-term financial security.

This guide breaks down what entertainers need to know about working with bookkeepers and accountants to build smart, transparent systems that keep your finances running smoothly and set your career up for long-term success.

What bookkeepers and accountants do for entertainers

A bookkeeper and accountant work as a team to handle the financial complexity that comes with entertainment careers. These professionals understand that entertainers operate differently from traditional businesses—your income fluctuates, your expenses are unique, and your tax situation is anything but straightforward.

Because entertainers handle both creative work and business operations, they need financial support that addresses:

  • Irregular income streams and cash flow management
  • Entertainment-specific tax deductions and compliance
  • Multi-state or international tax obligations
  • Revenue tracking across various platforms and projects
  • Expense categorization for industry-specific costs

Smart financial management ensures you stay compliant with tax requirements and provides instant access to critical financial data that fuels better career decisions.

If you’re just starting out in the entertainment industry, finding the right financial partner may be the first step to setting up a solid foundation.

Key financial components in the entertainment industry

The entertainment industry generates massive revenue: the global entertainment market is worth over $2.3 trillion annually and supports millions of creative professionals worldwide.

Building an entertainment career can cost anywhere from a few thousand dollars to hundreds of thousands, depending on your field. An airtight financial framework is vital, as entertainment businesses have unique income patterns and financial transactions.

Understanding how each affects your financial records and cash flow is critical:

Irregular income streams: Revenue from gigs, royalties, sponsorships, and projects that arrive sporadically. These require careful cash flow planning and tax preparation strategies.

Industry-specific deductions: Equipment, travel, wardrobe, and training costs that may be tax-deductible when properly documented and categorized.

Multi-jurisdiction obligations: Tax compliance across different states or countries where you perform or earn income.

Estimated tax payments: Quarterly payments required for self-employed entertainers who don’t have taxes withheld from paychecks.

Without a firm grasp on how these affect your financial statements and tax obligations, it’s easy to make errors that could snowball over time.

Why financial management matters for entertainers

Financial management for entertainers isn’t just about knowing your profit and loss. It’s about maximizing deductions, ensuring compliance, and building wealth despite income volatility.

Key financial practices to build into your entertainment career include:

  • Cash flow statements that help you manage irregular income cycles
  • Expense tracking systems that capture every deductible cost
  • Tax planning strategies that minimize your liability legally
  • Long-term savings plans that account for industry ups and downs

This isn’t busywork. These practices support smarter financial decisions and help you build sustainable wealth throughout your career.

Common entertainment finance mistakes

Getting entertainment finances wrong isn’t just inconvenient—it’s expensive.

Here are the top mistakes we see entertainers make:

Mixing personal and business finances: This clouds financial records and complicates tax implications, especially when claiming business deductions.

Missing tax deadlines: Whether for quarterly estimated payments or annual filings, late submissions can result in penalties and interest charges.

Using generic financial tools: Software or services not built for entertainers often miss industry-specific deductions or mishandle irregular income patterns.

Poor expense documentation: Without proper receipts and categorization, you lose valuable deductions and risk audit complications.

Working with financial professionals who understand the nuances of entertainment careers can help you avoid these costly pitfalls.

How strong financial management supports career growth

A well-structured financial system does more than meet minimum requirements. It creates the foundation for long-term career success.

Here’s what you need:

Organized expense tracking to capture every deductible cost from travel to equipment to professional development.

Cash flow management that helps you budget during lean periods and save during profitable projects.

Tax optimization strategies that maximize deductions while ensuring full compliance with complex entertainment tax laws.

Long-term wealth building through retirement planning and investment strategies designed for irregular income earners.

All of this creates a streamlined process that improves financial stability, supports career planning, and keeps you focused on what matters: creating and performing.

If you’re still looking for the right financial partner, it’s important to choose professionals who understand entertainers’ unique financial challenges.

When to bring in entertainment finance experts

You may be ready for specialized financial support if:

  • You’re earning income from multiple sources or platforms
  • You’re struggling to manage cash flow between projects
  • You want better insight into tax deductions and planning opportunities
  • You spend more time on financial paperwork than on your craft

Partnering with bookkeepers and accountants who specialize in entertainment finances helps you reduce administrative work, ensure compliance, and improve financial clarity.

Why entertainers choose Archer Lewis

At Archer Lewis, we offer tailored financial solutions for entertainers at every stage of their careers. Our team provides clear, proactive support, whether you’re just starting out or managing multiple revenue streams across different markets.

We combine the best of both worlds: expert human guidance and cutting-edge financial technology.

Our services include:

  • Specialized bookkeeping for entertainment businesses
  • Tax planning and preparation for complex entertainment income
  • Cash flow management for irregular earnings
  • Financial reporting that tracks multiple revenue streams
  • Strategic planning for long-term wealth building

With Archer Lewis, you gain a dedicated team that understands your industry and works with you to maximize deductions, avoid costly errors, and build financial security.

Let’s simplify your entertainment finances

Whether you’re launching your career or managing multiple projects, the financial side of entertainment shouldn’t hold you back. If you’re tired of wrestling with tax complexities, juggling irregular income, or worrying about missed deductions, you’re not alone—and you don’t have to handle it alone.

At Archer Lewis, we offer specialized support that helps you stay compliant, optimize cash flow, and get more value out of your financial data. No confusing generic advice. No unreturned calls. Just clear guidance from people who understand how entertainment careers work.

Start a conversation with our team today. We’ll help you build a financial system that supports your creative goals—and gives you time back to focus on what you do best.

The Ultimate Guide To Franchise Accounting

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Running a franchise is exciting—but it’s also demanding. You’re expected to manage day-to-day operations and meet the standards of a national brand. On top of that, you’re dealing with complex financial rules that don’t apply to most small businesses.

That’s why having a clear system for franchise accounting is so important. You’re not just tracking income and expenses—you’re managing royalty payments, marketing fees, and compliance across multiple locations. Without the right structure, it’s easy to fall behind or make costly mistakes that affect your cash flow, reporting, or even your relationship with the franchisor.

This guide breaks down what franchise owners need to know to build smart, transparent systems that keep things running smoothly and set your business up for long-term success.

What is franchise accounting?

Franchise accounting refers to the financial tracking and reporting required for franchise businesses. These businesses operate under a franchise agreement, where a franchisee pays the franchisor an initial fee and ongoing fees in exchange for the right to use the franchisor’s brand, systems, and support.

Because franchisees handle both standard business operations and brand-specific financial responsibilities, they need an accounting system that addresses:

  • Royalty fees and ongoing royalty fee calculations.
  • Initial franchise fees and how to properly record them as an intangible asset.
  • Marketing expenses and advertising contributions.
  • Franchise-specific revenue recognition.
  • Bookkeeping across multiple locations.

Accurate franchise accounting ensures compliance with regulatory requirements and provides instant access to critical financial data that fuels decision-making.

If you’re in the early stages, hiring an accountant for small businesses may be the first step to setting up a solid foundation.

Key financial components in a franchise model

They’re often huge financial operations: franchises collectively generate $890 billion in revenue annually and employ 2.3 times as many people as non-franchise businesses.

Opening a franchise can cost anywhere from about $10,000 to several millions of dollars. An airtight franchise accounting framework is vital, as franchise businesses have unique fees and financial transactions.

Understanding how each affects your financial records and cash flow is critical:

  • Initial franchise fees: A one-time payment made to start the business. Accounting standards often require amortizing initial fees over the life of the agreement.
  • Royalty fees: A percentage of gross revenue paid regularly. These ongoing royalties are tied directly to the franchisee’s success.
  • Continuing franchise fees: Includes marketing fees, technology fees, and other support services the franchisee pays over time.
  • Ongoing support: This is often included in the franchise fee structure and covers brand resources, staff training, and operational systems.

Without a firm grasp on how these affect your balance sheet and financial statements, it is easy to make errors that could snowball over time.

Why financial reporting matters

Financial reporting for franchisees isn’t just about knowing your profit and loss. It’s about meeting franchisor expectations, ensuring compliance, and setting the foundation for a successful business.

Key reports to build into your franchise accounting processes include:

  • P&L statements that break down revenue streams and expenses.
  • Cash flow statements to manage day-to-day liquidity.
  • Royalty fee reports to confirm accuracy and maintain transparency with the franchisor.
  • Marketing expense tracking to ensure contributions are properly allocated.

This isn’t busywork. These documents support smarter cash flow management and help you meet both internal goals and external requirements.

Common franchise accounting mistakes

Getting franchise accounting wrong isn’t just inconvenient—it’s expensive.

Here are the top mistakes we see franchise owners make:

  • Mixing personal and business finances: This clouds financial records and complicates tax implications.
  • Missing reporting deadlines: Whether for tax or franchise brand compliance, late filings can result in penalties and damage trust.
  • Using generic software or services: Tools not built for franchises often mishandle certain fees or revenue recognition protocols.
  • Inaccurate royalty calculations: This can trigger financial audits or put your franchise agreement at risk.

Working with professional accountants who understand the nuances of franchise operations can help you stay on the right foot.

How a strong accounting system supports growth

A well-structured accounting system does more than meet minimum requirements. It lays the foundation for long-term growth.

Here’s what you need:

  • Custom chart of accounts to segment financial data by location, department, or type of expense.
  • POS integrations for real-time tracking of financial transactions.
  • Centralized payroll that supports multiple locations and meets state-level tax obligations.
  • Reliable reporting that satisfies both internal leadership and franchisor audits.

All of this creates a streamlined process that improves cash flow, supports business planning, and keeps you focused on what matters: running a successful business.

If you’re still shopping for small business accounting companies, it’s important to choose a team that understands franchises’ unique financial structure.

When to bring in a franchise accounting expert

You may be ready for a specialized partner if:

  • You’re preparing to open another franchise location.
  • You’re struggling to meet reporting requirements.
  • You want better insight into cash flow and profitability.
  • You spend more time in spreadsheets than with your customers.

Partnering with a professional accountant specializing in franchise accounting helps you reduce manual work, ensure compliance, and improve financial visibility.

Why franchisees choose Archer Lewis

At Archer Lewis, we offer tailored financial solutions for franchisees alike. Our team provides clear, proactive support, whether you’re just getting started or managing multiple locations.

We combine the best of both worlds: expert human support and the latest accounting technology.

Our services include:

  • Bookkeeping services.
  • Financial reporting.
  • Tax strategy and preparation.
  • Cash flow planning.
  • Payroll and compliance.

With Archer Lewis, you gain a dedicated team that understands your business model and works with you to maintain transparency, avoid costly errors, and grow confidently.

Let’s simplify your franchise accounting

Whether you’re just getting started or managing several locations, the financial side of franchising shouldn’t hold you back. If you’re tired of wrestling with reporting requirements, juggling royalty payments, or worrying about costly mistakes, you’re not alone—and you don’t have to do it alone.

At Archer Lewis, we offer tailored support that helps you stay compliant, improve cash flow, and get more clarity out of your numbers. No confusing software. No unreturned emails. Just clear answers from people who understand how franchise businesses work.

Start a conversation with our team today. We’ll help you build a system that supports your growth—and gives you time back to focus on running your business.

The Ultimate Guide To Restaurant Bookkeeping

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Running a restaurant isn’t just hard work—it’s high-stakes. You’re managing staff, suppliers, and service while juggling slim profit margins and constant pressure to keep costs in check. And with so many moving parts, even minor slip-ups in restaurant bookkeeping can snowball into real problems.

From food and labor costs to vendor payments and payroll, your business runs on nonstop financial transactions. Without the right systems in place, it’s easy to lose track of the numbers that matter most—and that’s where your restaurant’s financial health starts to suffer.

At Archer Lewis, we understand how overwhelming that can be. That’s why we offer bookkeeping services designed specifically for restaurant owners. We help you stay organized, meet deadlines, and make smarter decisions—so you can focus on what really matters: running your restaurant.

What is restaurant bookkeeping (and why it matters)

Ask any restaurant owner what keeps them up at night, and finances are usually near the top of the list. Studies show that the leading challenges for restaurant owners are financial—such as labor costs and inflation. Further data reveals that nearly 30% of restaurants fail within the first year, often due to poor cash flow, underestimating expenses, or lacking clear financial oversight. These realities make accurate, consistent bookkeeping helpful and critical to survival and success in the industry.

Restaurant bookkeeping involves recording and managing your business’s daily financial activity, including sales data, inventory costs, employee payroll, accounts payable, and more. Done well, it provides clear financial statements like your balance sheet, profit and loss statement, and cash flow statement.

Restaurants are especially vulnerable to accounting errors. With a high volume of vendor bills, cash variances, and multiple revenue streams, a reliable accounting system helps you stay organized, avoid tax liabilities, and improve cash flow management.

Restaurant accounting also supports:

  • Accurate food and labor cost tracking.
  • Better profit margin visibility.
  • Timely payroll tax filings and payroll liabilities management.
  • Reliable daily sales reports and financial data access.

For restaurant owners, solid bookkeeping is the foundation for strong financial performance.

Challenges unique to restaurant accounting

Unlike other industries, restaurant accounting has a set of built-in complexities. 

Here are the ones every restaurant manager needs to stay ahead of:

  • Cash handling: Daily reconciliations are essential to match POS reports, bank statements, and credit card fees.
  • Food inventory: Tracking food inventory across perishable goods and suppliers requires precision to avoid losses and understand inventory management needs.
  • Labor compliance: From tipped wages to overtime, restaurant payroll gets complicated fast. Managing payroll accurately is essential to staying compliant.
  • Prime costs: These include food costs and labor—often 60-65% of a restaurant’s total operating expenses.
  • Accrual accounting: Restaurants benefit from accrual accounting, which matches income with expenses, especially when managing vendor bills and accounts payable.

The margin for error is thin. One missed payment or poorly categorized expense can affect your net profit, gross profit, and overall financial statements.

Core components of a restaurant accounting system

A good accounting system shouldn’t just track numbers—it should give you confidence that nothing’s falling through the cracks. 

Here’s what to look for:

  • Automate bookkeeping where possible to reduce manual errors.
  • Track gross revenue and categorize sales by channel (dine-in, takeout, delivery).
  • Monitor income statements monthly to assess profit margins.
  • Use restaurant accounting software that integrates with your POS system.
  • Establish a clear accounts payable process to manage vendor bills efficiently.
  • Produce regular financial reports, including your P&L, balance sheet, and cash flow statement.
  • Schedule bank statement reconciliations weekly or biweekly.

Whether you’re reviewing your net income or evaluating restaurant expenses, your accounting system should give you reliable, instant visibility.

Common restaurant bookkeeping mistakes to avoid

Restaurant owners often encounter familiar challenges when managing their books. One of the most common mistakes is mixing personal and business expenses, which muddles financial clarity and makes it harder to prepare accurate reports. 

Others delay financial reporting altogether, leaving them without a clear view of their performance until it’s too late. Mismanaging payroll taxes or classifying employees incorrectly can also create compliance issues that lead to costly penalties. 

When inventory costs or vendor payments aren’t properly tracked, profit margins become unreliable. If left unaddressed, each of these issues can weaken a restaurant’s financial foundation.

All of these issues can lead to inaccurate financial statements, unexpected tax liabilities, or even cash shortages. Good restaurant bookkeeping solves these issues by keeping your books clean and current.

Why work with a professional restaurant accountant

Accounting software has its place, but it can’t replace experience. When your margins are tight and your time is limited, you need more than tools. You need a professional who understands the day-to-day realities of running a restaurant and can help you make sense of the numbers behind it.

Working with a restaurant accounting expert means you’re not left guessing. You get clear answers, fewer surprises, and a system that actually supports your decisions.

A restaurant accounting partner helps you:

  • Build a custom chart of accounts for food, labor, and operating costs.
  • Prepare accurate income statements and track key gross profit and net income metrics.
  • Manage accounts payable and employee payroll without missing deadlines.
  • Avoid cash flow issues by forecasting and monitoring variances.
  • Stay compliant with payroll liabilities and tax regulations.

They also help restaurant managers spot trends, control restaurant expenses, and improve decision-making. In short, they help you run a more successful business.

When to bring in expert support

If the bookkeeping process feels overwhelming—or you’re constantly chasing reports, managing inventory issues, or juggling payroll—it might be time to bring in expert support.

This is especially true if you’re trying to improve financial performance but don’t have accurate sales data to guide your decisions.

Outsourced bookkeeping for small businesses is a smart way to save time, reduce errors, and get access to financial expertise without hiring in-house. For restaurants, especially, outsourcing means you’re not alone in handling complex payroll rules, inventory tracking, or tax deadlines. Instead, you get experienced support that keeps your books clean and your operations on track.

Partnering with a bookkeeping team that knows restaurants will help you organize accounting processes and keep your financial health on track.

How Archer Lewis helps restaurant owners

At Archer Lewis, we specialize in restaurant bookkeeping and accounting. Our services are designed to reduce stress and bring structure to your books.

We work with restaurant owners and managers to set up smart, sustainable accounting systems that support daily sales tracking, food and labor cost analysis, and clear, accurate financial reporting. We also help you manage restaurant payroll, manage restaurant accounting software, and optimize your accounts payable process.

Most importantly, we help you understand your numbers so you can focus on food, staff, and service.

Let’s simplify your restaurant’s finances

 You’ve got enough on your plate. Between managing staff, vendors, and the daily rush, tracking every dollar shouldn’t be a full-time job. If you’re struggling with restaurant bookkeeping or just want better clarity around food and labor costs, it might be time for a change.

At Archer Lewis, we help restaurant owners clean up their books, organize their numbers, and protect their restaurant’s financial health. From payroll and inventory to vendor bills and financial transactions, we’re here to make the complex feel manageable.

Start a conversation with our team. We’ll build a system that fits your business, gives you real visibility, and frees you up to focus on what you do best—serving your customers.

The Ultimate Guide To Restaurant Accounting

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Running a restaurant takes grit, precision, and a thousand decisions a day. Behind every plate served is a complex web of numbers that can either support your growth or hold it back. For restaurant owners, staying ahead of rising monthly or annual expenses, staff turnover, and inflation isn’t just about good instincts. It comes down to having reliable restaurant accounting systems in place.

You’re dealing with nonstop financial data, fluctuating costs, and tight margins that leave little room for error. Without a solid handle on cash flow and reporting, even profitable restaurants can start to feel unstable.

That’s where efficient restaurant accounting becomes a must-have—not a nice-to-have. When done right, it keeps you compliant with Generally Accepted Accounting Principles (GAAP), protects your financial health, and gives you the confidence to make smarter business decisions every day.

What restaurant accounting really means

Restaurant accounting is the structured process of recording, analyzing, and interpreting financial data within your restaurant business. It goes beyond restaurant bookkeeping—you manage revenue streams, track labor and food costs, handle financial transactions, and monitor operating expenses in real time.

Consider this: restaurant owners today don’t just deal with standard customer ebbs and flows. They’re struggling to survive due to labor costs and inflation, slim margins, rising expenses, complex inventory, and a high volume of financial transactions. 

These challenges make restaurant accounting more than a back-office task—a strategic function that directly influences daily operations and long-term success.

Unlike other businesses, restaurants use specific accounting methods to address daily sales fluctuations, tip reporting, and vendor credits. Many also operate on weekly accounting periods to better match costs and income. 

Whether you use the accrual accounting method or the cash-basis accounting method, your accounting system needs to support the business’s financial status in a way that encourages informed financial decisions.

Core components of an effective restaurant accounting system

Every restaurant should establish a system that covers the full spectrum of accounting processes to maintain financial performance. 

Here are the key elements to build around:

  • Chart of accounts: Your accounting system should start with a well-defined chart of accounts that separates business costs into specific categories such as food costs, labor costs, and inventory expenses.
  • Restaurant accounting software: Leverage tools that connect with your restaurant’s point of sale system, allowing for automatic data syncing and simplified reporting.
  • Payroll processing: Managing payroll taxes, employee wages, and tip distribution is central to staying compliant.
  • Cash flow statements: Use real-time reporting tools to track gross revenue and manage your cash flow effectively.
  • Detailed financial reports: These include your profit and loss statement, balance sheet, and other key financial reports that provide a full picture of your financial health.
  • Inventory management: Control the cost of goods sold (COGS) and food inventory closely to avoid waste and protect profit margins.
  • Bank accounts and reconciliation: Regularly reconcile accounts to catch errors and maintain clean records.

Together, these tools and practices form the basis of proper accounting practices that empower restaurant owners to make smart financial choices.

Where restaurants get stuck (and how to fix it)

Even with accounting systems in place, restaurants often hit snags that affect profitability. The most common accounting method for small restaurants—the cash method—can work for some, but others benefit more from accrual accounting. Even the best food and service can’t overcome financial inefficiencies without the right setup.

Common pitfalls include:

  • Combining finances between business and personal accounts.
  • Delaying financial reporting or bookkeeping updates.
  • Improper tip classification or underreporting.
  • Cash management issues that create gaps in liquidity.

Using general accounting software or relying on a bookkeeper unfamiliar with restaurant accounting methods can lead to inaccurate reports and missed opportunities.

Partnering with restaurant accounting professionals

There are many benefits of hiring an accountant who understands the specific demands of the restaurant business. From navigating compliance requirements to helping with forecasting and growth planning, a specialized partner can be a game changer. If you’ve worked with generalists or explored small business accounting companies that didn’t quite fit, it might be time to look at industry-specific expertise instead.

Many restaurants choose to work with accounting professionals or accounting firms specializing in the restaurant industry. These experts bring experience, systems, and restaurant management software that streamline financial management and align with proper accounting standards.

Working with restaurant accounting experts offers more than just outsourced number crunching. You gain access to accounting solutions tailored to the unique challenges of the restaurant industry. That includes tools that simplify complex financial tasks and provide consistent, clear accounting reports to support smarter cash flow management. 

These professionals also manage the finer details—like vendor payments, prepaid accounts, and tip tracking—so nothing slips through the cracks. Perhaps most importantly, they offer strategic tax planning and help you monitor essential financial metrics like your net profit margin and prime cost, allowing you to make informed decisions that keep your restaurant on a path to growth.

Instead of just tracking data, accounting services help you interpret financial data and apply it to day-to-day decisions.

When to bring in an expert

If your current system isn’t helping you improve cash flow, produce timely financial statements, or reduce restaurant expenses, it may be time to bring in outside help. 

Look for signs like:

  • Inconsistent or late financial reports.
  • Confusion over payroll taxes or classification.
  • Uncertainty about your net profit.
  • Lack of clarity on operating costs or the business’s financial status.

Working with an expert helps you create a system that delivers clear, timely, and reliable information to support better business decisions.

Why Archer Lewis is the right fit for restaurant accounting

At Archer Lewis, we specialize in efficient restaurant accounting that supports growth, compliance, and clarity. We build accounting systems that simplify everything from bank account reconciliation to cash flow management.

We don’t just handle the numbers—we help restaurant owners understand them. Our accounting services cover everything from setting up your chart of accounts to interpreting financial data and producing high-quality financial reports.

If you’re ready to stop stressing over spreadsheets and start making more informed financial decisions, it might be time to explore how Archer Lewis can support your restaurant’s financial success.

Let’s talk about your restaurant’s financial future

You’ve got the food, the team, and the vision. Now you need a financial system that keeps up. If your current setup is leaving you guessing—or worse, missing key numbers—it might be time for a change.

Talk to our team today. We’ll help you turn your financial data into insights, clean up what’s not working, and give you the support to focus on what matters most: running your restaurant.

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Monthly Accounting Overview & Key Tasks

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There’s no shortage of things to do while running a small business. And when you’re focused on the day-to-day, it can be too easy for your monthly accounting to slip through the cracks. 

But accounting isn’t just necessary for compliance—it’s essential for your business’s success. Staying on top of your finances monthly helps avoid tax-time panic, supports better decision-making, and keeps cash flows on track.

This guide is specifically designed for small business owners who feel overwhelmed by the accounting side of things and want to take control of their finances. 

We’ll break down all the key monthly accounting tasks you should be on top of, and provide tips for simplifying the process (including when to ask for help).

What exactly is monthly accounting?

Monthly accounting simply refers to reviewing, organizing, and updating your financial records each month. It means taking time to track what money is coming in, what’s going out, and where it’s going, so you always have a clear picture of your financial health and stay on top of your overall business finances. 

Think of it as giving your business a regular financial checkup. It gives you a pulse on your finances, helping you make smart spending decisions, plan for growth, and spot financial issues early on. 

Immediate and long-term benefits of monthly accounting

Taking a little bit of time each month to stay on top of your accounting can pay off quickly, both now and down the road. Even if you’re overwhelmed, monthly accounting offers quick wins leading to peace of mind and smarter financial planning. 

Here’s what regular monthly accounting can do for your small business:

  • Avoid tax-time panic: No more scrambling to find receipts or make sense of backlog transactions come tax season. With proper accounting, you can avoid costly tax mistakes (the IRS collects billions of dollars in employment tax penalties yearly) and stay ahead of your potential tax liability. 
  • Keep cash flow steady: Spot cash slowdown or gaps in income early, so you can adjust before a crisis hits and track cash flow trends over time to anticipate challenges. 
  • Make smarter decisions: Up-to-date financial information allows you to confidently plan spending, set prices, and make more informed future business decisions.
  • Catch errors before they snowball: Fixing a small mistake from the previous month is much easier than finding it later. 
  • Build investor and lender confidence: Clean, consistent accounting makes applying for loans easier and appeases investors because investors and lenders rely on accurate financial statements. 

Core tasks involved in monthly accounting

Not sure what monthly accounting should really look like for your business? Here are the main tasks.

Review financial transactions and reconcile accounts

One of the most important steps in monthly accounting is reviewing your financial activity in detail. This means going through transactions from your bank accounts, credit cards, and loan activity, and don’t forget to reconcile cash accounts for a complete picture.

You should categorize all income and expenses, adjust entries in your accounting, match transactions to receipts and invoices, including gathering and organizing all expense receipts, and reconcile accounts to bank/ credit card statements. 

Reviewing transactions in this manner allows you to spot errors, catch potential fraud, understand the state of your finances, and maintain the integrity of your financial data. 

Update and analyze financial statements

The next step is updating and analyzing your monthly financial statements and generating timely financial reports. Regular financial analysis of your statements helps you spot opportunities, reduce risks, and stay ahead of economic challenges.

These should include the following core reports: 

  • Profit and loss statement (P&L): This shows your income and expenses over a set period of time. It helps you answer the question: Are you making more than you spend?
  • Balance sheet: The accounting balance sheet shows what your business owns (assets) versus what it owes (liabilities). Make sure to review your balance sheet accounts regularly to maintain accuracy.
  • Cash flow statement: This tracks how cash moves into and out of your business. Can you cover upcoming expenses?

 

With these statements, go beyond numbers alone, and look for trends. Are expenses creeping up? Is income spiking during certain seasons? Which clients are slow to pay? 

Preparing financial statements regularly keeps you compliant and gives you sharper insights into your performance, helping you confidently shape future business decisions.

Record and track receivables and payables

Managing the money coming in (accounts receivable) and going out (accounts payable) keeps your operation moving smoothly and avoids cash flow crunches. If you lose track of either, you might be unable to pay employees or invest in growth, even if you’re paying bills on time. 

Responsibilities include following up on unpaid invoices, recording incoming payments promptly, and regularly review accounts receivable to ensure you’re not missing out on collections.

Pro tip: Set calendar reminders or use accounting software to automate certain tasks to stay organized and ahead.

Review payroll and employee-related costs

Whether you’re a solo business owner or you have a team, payroll plays a key role in compliance and financial stability. 

Every month, you need to:

  • Run payroll accurately and on time.
  • Review payroll tax withholdings.
  • Update any changes to benefits or contractor payments. 

Review business budget vs. actuals

How much is your business spending, and is it within budget? That’s a question you need to answer every month. 

By comparing the budget to actuals each month, you set the stage for more accurate cash flow projections and smarter long-term planning.

Plus, these monthly check-ins help you create more accurate, realistic financial forecasts over time. 

Document notes or changes for your accountant

The more information your accountant has, the more you can save time and money and prevent confusion down the road. 

Keeping a simple log of information can help with everything from tax prep to long-term planning, including more effective tax planning and minimizing your tax liability. 

Here’s what to jot down each month: 

  • Major purchases or investments.
  • Loans taken out or paid off.
  • Any unusual income or expenses.

 

By consistently documenting these notes and changes, you make tax prep smoother and support accurate general ledger reconciliation, ensuring that all your accounts align properly. 

This proactive habit strengthens the accuracy of your overall financial records and empowers your accountant to deliver even better insights and guidance for your business.

DIY vs. partnering with an accounting professional

Not sure if you should tackle your monthly accounting the DIY way or partner with an accounting professional? As it turns out, 70% of small businesses don’t have an accountant. 

In some situations, it might be better to handle your accounting in-house—let’s say, if you’re a new business or your finances are simple. 

However, as your business grows, so does the complexity of your accounting needs. Eventually, doing it all yourself can lead to missed opportunities, costly mistakes, and unnecessary stress.

So, how do you know when to bring in a professional? If you’re struggling to keep up with these tasks every month, second-guess your reporting, or find that accounting tasks are eating into time you should spend on your business, it’s time to call in support. 

How Archer Lewis can lighten the load

If you’re looking for your next trusted accounting partner, Archer Lewis is here to help. We’re more than just another firm: we’re dedicated to your long-term growth, instead of just tax-season help. 

Our bespoke accounting services are designed for businesses just like yours and include monthly bookkeeping, financial reporting, payroll processing, and strategic planning through fractional CFO support. 

What makes Archer Lewis different? We use a people-first, relationship-driven approach combined with the capabilities of a national network to meet your needs. Our team is available and responsive, and we’re here to help you simplify your financial world. 

Your monthly accounting doesn’t have to be a drag

Monthly accounting might not be your favorite activity, but it’s key to a stable, stress-free business prepared for whatever the future holds. If you feel like you’re in over your head or have fallen behind on your accounting, it’s not too late to get back on track, especially with some help.

That’s where Archer Lewis comes in. 

Let’s connect and discuss how we can support your monthly accounting process, so you can focus on what you do best.