6 Things to Consider on your Business Account
Welcome Back to Finergy's weekly blog! Today we are going to look at an important aspect of your business' financials, your business bank account. Where you bank and the type of account you use is important. Today we will look at 6 things you should consider before picking a financial institution for your business account. 1. Bank vs. Credit Union - Today there are more banks and credits unions popping up all over the place. Most people don't know the difference between a ba
It's National Small Business Week!
Happy Finance Friday! We made it to May, summer is just around the corner! This week we are celebrating National Small Business Week. Small businesses of the Hudson Valley are a vital and vibrant part of our community. The region is full of businesses that enrich our region; farms, restaurants, breweries, wineries, local shops, lawyers, salons, accountants and so many more. Small businesses not only keep jobs in the region but they also bring in additional revenue to the r
Learn to Use Excel - The Basics
Welcome back! Friday is here yet again, I know you are excited because it is Finance Friday! Recently, we looked at a couple of tools that we can use to improve our bookkeeping processes. One of the tools I mentioned was Excel. Today I’m going to share a few basic formulas and functions that are useful in Excel. In a few weeks, we will take a look at more advanced formulas/functions. Below you will find a screenshot from an Excel spreadsheet that I made for this blog. Excel
How You Doing?
Hey There, thank you for stopping by. We finally made it to March. I am so excited that spring will be here in just a few more weeks. Over the last couple of weeks, we have taken the time to review our revenue and expenses today we are going to pull those two concepts together and talk about profit. How did you do? Profit is seeking to answer the basic question of ‘how did your business do?’ When you are running a business, you want to understand this so that you can assess
What's the Expense
Hi Guys, welcome to this week’s Finance Friday post. Today we have some interesting stuff to talk about, expenses. Expenses are a critical part of running your business. How does that saying go? “In order to make money, you have to spend money.” and it is true. Circle of Life: When you think about your finances, in theory, you can picture a continuous cycle. First, you spend money on investments that will be used to run your business. Once you have spent the money, you wi
Do You Understand Your Revenue?
Happy Finance Friday! Hope you have had a good week. Thanks for checking in today. This week we are going to look at Revenue. As a business owner, your revenue is pretty important. Without revenue, your business would not be able to survive very long. In speaking with different business owners and managers, I found many businesses do not understand their revenue streams. Today, we are going to give you some information that will help you in understanding your revenue bette
Why use a Bookkeeper?
Welcome back! It’s Friday, and that means it is time to talk about finance. Last week we talked about what bookkeeping is. This week we are going to look at the benefits of using a skilled bookkeeper. There are many benefits of using a bookkeeper, and today we are going to look at three considerable advantages: time, accuracy and analysis. Hiring a bookkeeper allows the business owner to spend more time focusing on their business. Many people do not enjoy or understand financ
Let's Talk About Finergy...
I'm very excited to share the first Finergy blog post with you. Today we are going to talk about what is Finergy and what you can look forward to on the blog. So, first things first, what is Finergy Inc.? Finergy is a local company based out of Fishkill NY, in the heart of the Hudson Valley. Finergy provides financial support to local businesses. Our primary function is bookkeeping, but we also provide more complex analysis. Our goal is to help you the owner/manager underst