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The FABS Ledger

Why Every Solopreneur Needs a Money Date (and How to Make It Work)
Schedule a Money Date—a simple, no-pressure check-in with your business finances that keeps you in control and helps you make smarter money
Sheri-Lynn Fournier
Mar 173 min read
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5 Common Bookkeeping Mistakes Solopreneurs Make (And How to Avoid Them)
Common Bookkeeping Mistakes Running your own business as a solopreneur is exciting, but managing your finances can sometimes feel...
Sheri-Lynn Fournier
Feb 183 min read
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The Benefits of Starting the Year with a Clean Financial Slate
At the start of every year, we all set new goals, and make plans for the upcoming 12 months. And I get it, looking ahead at the...
Sheri-Lynn Fournier
Jan 173 min read
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8 Productivity Hacks for Solopreneurs: Mastering Your Time and Energy
Does it ever feel like there’s just never enough time in the day to accomplish everything? As solopreneurs, we wear all the hats.
Sheri-Lynn Fournier
Oct 18, 20243 min read
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Setting Up Your Accounting Software: Beyond Plug-and-Play
Contrary to what much of the marketing out there says, most accounting software is not plug-and-play.
Sheri-Lynn Fournier
Sep 19, 20243 min read
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YES! You can Do Your Own Bookkeeping
I truly believe that there are business owners who can do their own books and those that maybe shouldn't. And I want to empower and support
Sheri-Lynn Fournier
Aug 14, 20242 min read
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HOW TO GROW YOUR BUSINESS SAVINGS
Wait, what? My business should have a savings account, too? In many cases, yes. Is it always necessary? No. I talk about only having a...
Sheri-Lynn Fournier
Oct 17, 20234 min read
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Simple Tips to Improve Cash Flow
Cash flow is the lifeblood of any business. But what exactly do we mean when we talk about cash flow? And why is it SO important to your...
Sheri-Lynn Fournier
Sep 18, 20234 min read
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4 Common Bookkeeping Mistakes and How to Avoid Them
You probably already know that losing money is far easier than earning it. Running a business — even a one-person shop — and making money...
Sheri-Lynn Fournier
Mar 3, 20234 min read
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Is One Business Bank Account Enough?
The short answer is yes, it can be. I work with many solopreneurs who have only one business bank account and it works well for them....
Sheri-Lynn Fournier
Sep 7, 20224 min read
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6 Things to Outsource to Save You Money This Year
Most small businesses start out on a budget and the small business owner tries to save money wherever they can, which means doing a lot...
Sheri-Lynn Fournier
Jan 18, 20214 min read
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What you need to know about the new 1099-NEC
If you own a business or are a freelancer/subcontractor to businesses, you are most likely very familiar with the 1099-MISC form. This...
Sheri-Lynn Fournier
Nov 13, 20202 min read
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How to Stay Connected When Working from Home
I have been working from a home office for over a decade. With the changes put in place right now and so many people being asked to work...
Sheri-Lynn Fournier
Mar 18, 20202 min read
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When An Expense Isn’t An Expense
As business owners and freelancers, we pay a lot of different vendors for a lot of different things. Most of these payments wind up on...
Sheri-Lynn Fournier
Jul 22, 20193 min read
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5 Reasons You Should Take Time Off
“I haven’t had a vacation in years.”, is a sentence I’ve heard many clients and potential clients state throughout the years I’ve been in...
Sheri-Lynn Fournier
Jan 16, 20193 min read
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5 Things to Know about the New Tax Laws as a Business Owner
What do you as a small business owner need to know regarding the tax changes that took effect with the passing of the Tax Cuts and Jobs...
Sheri-Lynn Fournier
Aug 14, 20182 min read
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5 Tips to Keep Your Side Hustle from Turning into a Major Headache!
It seems as if suddenly everyone has a side hustle. Your sister is selling essential oils, your brother-in-law is flipping houses, your...
Sheri-Lynn Fournier
Jun 25, 20182 min read
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Get To Know Your Financial Reports: The Profit & Loss Statement
The Profit & Loss or Income Statement is everyone’s favorite financial report. But do you really understand what is and isn’t included...
Sheri-Lynn Fournier
Mar 12, 20183 min read
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Get To Know Your Financial Reports: The Balance Sheet
The balance sheet is a financial report that’s loaded with information, yet often overlooked by business owners who want to know How much...
Sheri-Lynn Fournier
Feb 22, 20182 min read
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Choosing the Right Tax Preparer for Your Business
It’s that time of year again and many business owners are looking to their tax preparer to help them file their tax return, reduce their...
Sheri-Lynn Fournier
Jan 17, 20183 min read
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