Upstream Bookkeeping

Upstream Bookkeeping Virtual accounting and bookkeeping services for Hawaii’s small businesses.

Don't forget these important tax deadlines due September 15, 2026:- Third quarter estimated tax payment due for self emp...
08/25/2026

Don't forget these important tax deadlines due September 15, 2026:

- Third quarter estimated tax payment due for self employed individuals and business owners who make quarterly estimated tax payments.

- Extended tax return deadline for Partnerships (Form 1065) and S Corporations (Form 1120-S) that filed an extension.

Now is a great time to review your books, make sure your records are up to date, and prepare for the September 15 deadline.

Need help getting your books organized? Book a call using the link in our profile or comment "books" below to learn more about our bookkeeping services.






One of the most important decisions you'll make as a business owner is choosing the right business structure.Here's what...
08/24/2026

One of the most important decisions you'll make as a business owner is choosing the right business structure.

Here's what to consider:

- Understand the differences between a sole proprietorship, partnership, LLC, and corporation.

- The level of protection depends on how your business is structured and operated.

- Keep your personal and business finances separate.

- Open a dedicated business bank account.

- Maintain accurate bookkeeping and financial records.

- Speak with an attorney or tax professional before choosing or changing your business structure.

Generally, LLCs and corporations can help protect your personal assets from business debts and legal claims, while sole proprietorships and general partnerships typically do not provide this protection.

Have questions about business structures? Drop them in the comments below.

Save this post for later and follow for more practical tax, and business finance tips.






Beachside or Poolside?Drop your answer in the comments below!
08/23/2026

Beachside or Poolside?

Drop your answer in the comments below!






Which one gives you the most trouble?Share your answer in the comments!
08/22/2026

Which one gives you the most trouble?

Share your answer in the comments!






Tag a fellow business owner who should be following us too!
08/21/2026

Tag a fellow business owner who should be following us too!






What's your best financial tip for other business owners? Share it in the comments below!
08/20/2026

What's your best financial tip for other business owners?

Share it in the comments below!






Today, we honor the people who step into times of crisis to help others and stand alongside those facing unimaginable ch...
08/19/2026

Today, we honor the people who step into times of crisis to help others and stand alongside those facing unimaginable challenges.

Their courage, compassion, and selflessness remind us that even small acts of kindness can make a lasting impact.

Share this post or tag someone you'd like to honor today.






We'll go first.....there were more hours in the day. Your turn! Finish the sentence in the comments below. ...
08/18/2026

We'll go first...
..there were more hours in the day.

Your turn! Finish the sentence in the comments below.






Here are some simple ways to better protect your business:- Reconcile your bank and credit card accounts every month.- R...
08/17/2026

Here are some simple ways to better protect your business:

- Reconcile your bank and credit card accounts every month.
- Review your bank statements and financial reports for unfamiliar transactions or unusual changes.
- Never give one person complete control over your finances. Separate duties whenever possible.
- Review vendor and employee payment details before sending money.
- Watch for duplicate payments or duplicate invoices.
- Change your passwords regularly and enable two factor authentication on financial accounts.

Save this post for later and follow for more practical bookkeeping, business, and money tips.






Old balances in accounts like Suspense, Uncategorized Income, Uncategorized Expense, or Uncategorized Asset are usually ...
08/16/2026

Old balances in accounts like Suspense, Uncategorized Income, Uncategorized Expense, or Uncategorized Asset are usually a sign that something needs attention.

Here's what to do:

- Run a report for the account and review all transactions.
- Open each transaction to identify the vendor, customer, or bank activity.
- Reassign the transaction to the correct income, expense, asset, or equity account.
- Reconcile your accounts to confirm your books are accurate.

These issues are more common than you think, and they can affect your Profit & Loss, Balance Sheet, and the accuracy of your tax return.

That's why it's important to review and clean up your books regularly.

Have questions? Drop them in the comments below.

Save this post for later and follow for more practical bookkeeping, business, and money tips to help keep your business finances organized.






Address

Honolulu, HI
96839

Website

Alerts

Be the first to know and let us send you an email when Upstream Bookkeeping posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Upstream Bookkeeping:

Shortcuts

Share

Category