Iceberg Support Inc

10/23/2026

The accounts that make up the chart of accounts (See last week's FYI day) fall into two equations:

One:
👉 Revenue (look down for more 🔽) minus expenses equals profit or loss.

Two:
👉 Total assets are equal to the liabilities and equity (pictured in a different order below, but the same equation).

Eventually profit or loss ends up in equity and that's the broad strokes of how a business's books are continued year-after-year.

But all bookkeeping is just a math equation. The reason it gets confusing is the categorization (all squares are rectangles but not all rectangles are squares type concept). Let's just keep it simple and add this third one for today.

👉 Three:
Revenue is just the number of things you sell times the price that you sell them at. Nuances? of course, plenty, but knowing the nuances do no good if you don't know the concept. So, there's the concept for this week.

Concepts down but frustration abound? Call us at 406-426-1026 or email [email protected]. We can clear up the questions, tie the information to business results, or give you a few resources.

10/16/2026

The chart of accounts is the list of all the different places you can post the transactions of your business.

There are five major categories
• Assets – something you own
• Liabilities – something you owe
• Equity – the difference between the sum of what you own and what you owe on it
These three are for-e-ver on your “balance sheet” (more to come).

• Income – money received for goods or services
• Expenses – money paid to make those goods or services
These two are for-a-year on your “Income statement” (you’ve always heard it as “P&L” don’t get us started on the “AND” part…)

Of course there are nuances; but these are the main five. In another series we’ll go through what should get posted into each of these five categories. Today what is important is knowing that no matter what accounting system you use to keep your books (quickbooks, xero, wave, simplywise, simple, autobooks aplos, momentum, odoo…etc…) every function feeds back to this nervous system.

Can't wait to learn more? Give us a call at 406-426-1026 or email [email protected] and get started on the right foot.

10/09/2026

Intuit QuickBooks recently announced they won't be supporting some QuickBooks desktop programs.
Let's get you over that hump to QuickBooks Online.

--Need help getting your company file online?
Call us...406-426-1026

Start with the usability of the software.

Download the QuickBooks Online Desktop App available for download from QuickBooks Online, Settings Menu, under the 'Your Company' title.

And get that drop down list, home page flow chart, loving feeling back.

Introducing your part time office manager,
we push the paper so you don't have to.

10/06/2026

We call accounting books the backbone of a business. And because business success is measured by tying financial results to efforts invested in the operation of the business, it is important that the backbone is sturdy.
The next few weeks we'll go over some common mistakes using Intuit QuickBooks Online. We know the learning curve from QuickBooks Desktop to QuickBooks Online is steep and we're here to help.

09/24/2026

One of the questions we heard when teaching debits = credits (and normal balances - riveting we know), is why it seems backward because most of us have had bank accounts.

06/11/2026

The story of the Iceberg.

05/29/2026

Beyond the Sidelines: Why Iceberg Support is Built Differently for Rural Montana

Every small business owner in Montana knows the value of a good mentor. Programs like Accelerate Montana and our local Economic Development Organizations (EDOs) do incredible work. They provide fantastic blueprints, coaching, and high-level strategies to help entrepreneurs think big.

But let’s be honest for a second...

Once the coaching session ends and the spreadsheets are closed, who is actually doing the work? Who is managing your daily bookkeeping? Who is handling HR from hiring to firing? Who is setting up your software when you’re already working a 60-hour week?

That’s where Iceberg Support steps off the sidelines and directly into the trenches with you.

While traditional coaching teaches you how to swim, we are the team that jumps in to help you build the boat. We don’t just give advice—we deliver the actual manpower, software, and fractional expertise that rural small businesses otherwise couldn't access or afford.

How We Compare:
EDOs & Accelerate MT: Focus on high-level advising, startup strategy, and connecting you to capital or grants. (An essential piece of the puzzle!)

Iceberg Support: We are your operational ex*****on team. We provide Fractional CFO work, full Bookkeeping, complete HR Management, and discounted QuickBooks. Through our innovative networking and PEO modeling, we connect underemployed adults into full-time roles with benefits by sharing their talent across multiple local businesses. It’s a win-win that builds a sustainable workforce right here at home.

Our mission is deeply rooted in ensuring the sustainability of rural communities—from Lewistown across the High-line and Eastern Montana.

Stop spinning your wheels trying to do it all alone. You handle your passion; let us handle the operational weight.

👉 Ready to see what true support looks like? Send us a message, visit us at icebergsupport.com, or call us at (406) 426-1026 today.

Call now to connect with business.

05/04/2026

An oldie but a goodie - A quick guide for hiring minors in Montana.

04/30/2026

There's a new business in !
Congratulations Frontier Laundry
go support the business by following their run-up to opening day!

https://www.facebook.com/profile.php?id=61588952373814

Self-Serve Laundromat and Wash, Dry, Fold Services!

04/10/2026

FRIDAY -> FYI-Day

As our home office community in (and communities around ) learn and grow together, a casual reminder to pick what you are passionate about and get involved.

Do not let civics happen to you.