Bookkeeping Made Simple

To have Bookkeeping Made Simple LLC do your books, schedule a free consultation at https://MySimpleBookkeeping.com/contact or call 801-692-0032   To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook....

Find out about the $600 reporting limit for Venmo and PayPal.     To have Bookkeeping Made Simple LLC do your books, schedule a free consultation at https://MySimpleBookkeeping.com/contact or call 801-692-0032   To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact   Follow Donna on Twitter: https://twitter.com/Donna_H67  Check out...

If you've been following the implosion of FTX Group, Alameda, and Sam Bankman-Fried, you're in luck. So have I.   As the information starts to roll into courts, the question on everyone's mind seems to be, How did this happen? How did SBF manage to embezzle over $8 Billion of customer funds?  Read more: https://mysimplebookkeeping.com/2022/12/27/sbf-and-ftx-what-happened-here/  To s...

It's the little things!  Donna discusses how small changes lead to big results.  Decide what you want to do by the end of the year, and then decide what has to be done daily, and consistently, to achieve your goals. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website:...

Most people set goals that are too vague.  Donna covers how to set effective goals and how small, incremental improvements can grow over time. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com...

Discussing what to expect in January, as well as an initial overview of disaster planning. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To have Donna speak at...

How to determine if a large purchase is worth the money, and a quick thought on what kinds of mindsets bring money to you. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping &nbs...

I had LASIK on Friday!  I'm still so excited!  And, why boundaries are so important.  Essentially, if everything is an emergency, eventually nothing is. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: http...

If you don't keep the promises made to yourself, how can anyone else trust you to keep the promises you made to them? To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping  &nb...

I recorded this at 9:30 pm just because I promised myself to show up for a daily video.  It's important! To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To h...

Processes and procedures are the habits in your business that can make or break you. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To have Donna speak at your f...

Your mindset can determine your income!  Find out how I learned this (the hard way lol) To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To have Donna speak a...

You have a sacred duty to want more.  Donna talks about her own challenges with her money mindset. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To have Do...

I've been told that if you want something done right, you have to do it yourself.  It holds you back. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To have...

In my last post, I discussed commingling funds and how difficult it can be for a bookkeeper to figure out if expenses are personal, or if they're qualified business expenses.  So that leads to the next question.  What is a qualified business expense? It varies from business to business.  (You didn't think there would be a simple answer, did you?)  Qualified business expenses fo...

Oh, I've discussed this in videos before, and it's time to revisit it.  What is commingling and why do we accountants hate it?   Commingling is using personal funds for business expenses, or, more often, using business funds for personal expenses.   When you set up your business, hopefully as an LLC or corporation, you basically created a new person.  That person is separate fr...

What's the most important thing you can do for your company?     Make sure your financial records are correct.  And for reasons beyond tax deductions, although that's important and the first portion we'll discuss.  You also want to keep records to enable you to make informed business decisions, and to make sure that the necessary accounting and cash controls are in place....

If you've ever wondered what it really costs to produce a specific product, you're talking about job costing.  When we do this, we are tracking what goes with what project - and how much is spent in overhead. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysim...

Did you know that outsourcing your bookkeeping can save you thousands of dollars a month, not including savings on taxes? To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping &nbsp...

To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    To have Donna speak at your function, please email donna@mysimplebookkeeping.com

Oh, accounts payable (A/P).  This is the flip side of Accounts Receivable.   Payables are a liability to your business, come in many forms, and can be a mess if not handled correctly.   The reason Payables are a liability is that this represents money you owe.   Remember, yesterday I said that Receivables is owed to you, or money in.   Payables are owed *by* you, or money...

Let's talk a bit about accounts receivable, or A/R.  We like this because A/R is an asset - it represents funds that have been earned or sales that have been made, for which you haven't been paid yet.  In other words, this is money owed to you. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donn...

Why it's important to have your bookkeeper enter every transaction. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping    Our videos are also available as a podcast on...

Professional independent bookkeepers have a lot of clients they are taking care of.  Most of us want to do the best possible job for our clients, so we work to be very efficient with our time. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.c...

In this video, we will be discussing the accounting for CARES and PPP funds. To schedule a call with me, get on my schedule at https://MySimpleBookkeeping.com/contact  Follow Donna on Twitter: https://twitter.com/Donna_H67 Check out our website: http://mysimplebookkeeping.com Follow us on Facebook: https://www.facebook.com/MySimpleBookkeeping   To have Donna speak at your function, pleas...