Get Comfy with Numbers | Making Bookkeeping & QuickBooks Easy for Female Entrepreneurs, Bookkeeping for Small Business

By January 1st 2025 businesses need to submit their Beneficial Ownership Information in the form of a BOI report. This is part of an anti-money laundering effort by the Federal Crime Enforcement Network (FinCEN). Listen in to hear how this applies to you and whether you need to submit a BOI for your business. Basically businesses that are sole proprietorships do not need to file a BOI and business...

Hey Bookkeeping Besties, 'tis the season to be thankful. Today I'm sharing my favorite money-saving and time-saving tools just in case you're needing to bring in a little more efficiency and peace of mind in your business. I'm talking about how FloDesk has made email marketing less intimidating and more manageable. CODE: https://flodesk.com/c/YYA73L I'm sharing how ClickUp kept things from falling...

Nagging feeling that something is off? Today I'll give you a motivational push you need to clean up your books in your business! Why is it important for your books to be accurate? Whether it's for decision making, tax preparation or financial planning purposes you want to base your actions on the truth. Even one small mistake can lead to hours of confusion later so let me help you: Reconcile your...

Ditch the doubt and Embrace Your Inner CFO. Understanding business finances doesn't require complex math. It's more about understanding your story in numbers. Think of how you might check ingredients in a recipe; it's just details that show what's happening. Here are the Basics of What You Need to Know: Revenue & Expenses: In plain terms, we're talking money in and money out. Profit: The reward an...

Want to make the most of Black Friday deals? Make sure you follow this strategy for your purchases. Let me show you what I mean! I want you to start out by making a wishlist. Whether it's a software, a tool, a new hire, a template or a mastermind, write it down. Then, go research what the average price of each of your wishlist items is. Sometimes Black Friday sales aren't really discounts at all s...

1. Unexpected Tax Bills - Receiving a tax bill that's much higher than expected. Why It Happens : Miscalculating quarterly taxes. Not setting aside enough for taxes throughout the year. How to Prepare : Regularly estimate your tax liability. Set aside a portion of your income for taxes each month. Work with an accountant to ensure you're paying the correct estimated taxes quarterly. 2. Tax Penalti...

Lissa Figgins is here with us today to help us get to the heart of our issues around time, scarcity, organization and priorities. We all have 24 hours each day and we all see ourselves as busy. We become reactive with time (and money) instead of acting in charge. Lissa was quite anxious about time, and just life in general, until she had a little wake-up call in a doctors office one day. What shif...

Quick favor… Can you please leave me a review right here? I would really appreciate it! OK - What bank accounts do you need? I strongly recommend that you open a business checking account that is separate from your personal checking account. Even in you don't have an LLC yet, do this. Now, this is optional: It's a good idea to be able to put some money aside in your business so that's why I'm goin...

Celebrating our one year anniversary at Get Comfy with Numbers! Let me give you all of the highlights from my first year of podcasting. As an accountant I don't get a lot of time to teach about what I do and that's why I've loved sharing this podcast with you. Talking with you each week has helped me hone my signature topics, meet other entrepreneurs and create content that I can use in so many di...

Time to push past your fear of bookkeeping reports! Let's do this together. OK, want to learn about balance sheets and income statements? Reviewing both reports gives a complete financial picture — one shows what you have and owe (Balance Sheet), and the other shows how you're earning and spending (Income Statement). Your balance sheet tells what you own, owe, what's left. Key sections of the bala...

Not making much money in your business right now? That's okay, we've all been there! But today I want to give you several key areas to focus on in your business finances when business is slow. In this episode, we discuss the importance of money mindset, prioritizing spending, boosting cash & more! You'll also want to use this time to make sure you have a good bookkeeping routine & a simple & easy...

Congratulations on starting your very own business! Today I'm going to explain the basics of bookkeeping so you can keep things clean and simple right from the start.   Business Structure: Identify your business structure. OK, your business is either going to be a sole proprietor, an LLC or an S Corporation. Know this from the beginning so you can pay yourself correctly.   Separate Business Accoun...

I'm a big believer in getting some training on whatever accounting platform you use for bookkeeping. If you are trying to see if QuickBooks is right for you, go back and listen to these 3 episodes: 15 3 Reasons to Start Using QuickBooks This Year ,  25 QuickBooks vs. Wave - Which Bookkeeping Platform is Right for You? 31 Prices are up! Is QuickBooks Still Worth the Money?       It's easier to keep...

Do you know the BEST way to double check if you have errors or duplicates in your bookkeeping? We are going to cover that in this episode & demystify a common term that really confuses people so grab a yummy drink & tune in. The best way to get started is to do a Bank Reconciliation. This will help you not only catch duplicates and missing items, but also catch FRAUD.  I t alked with 2 clients thi...

We are so excited to welcome Gwen Tinsley onto the podcast today! Gwen is the CEO of Grit and Tenacity Consulting and she helps female entrepreneurs sell more confidently. With all of her amazing advice and tricks, this episode is sure to help you learn how to grow your business confidently.   Topics we cover: Consistency is important and trumps talent every time Income-producing activities: what...

Do you ever just feel stuck? Especially after doing your mid-year review, it can be easy to feel discouraged or stuck in your business, but today I'm going to be your voice of encouragement to get you unstuck! I lived in the stuck for a while, but after attending a retreat I've finally gotten out of that frustrating place. Since getting out of that stuck place myself, I've found what you need to d...

We are starting to see AI everywhere, even in QuickBooks. So the question is, "Is it time to incorporate AI into our bookkeeping?" So far in bookkeeping we are seeing AI capabilities for categorizations. There's an "Explore" button there and this can be a good way to get our feet wet with automation. Nothing revolutionary yet but give it a try!   Learn more about bookkeeping help from Erika here:...

We are now over halfway through the year, so it's the perfect time to revisit and refresh your business financial goals. You might be thinking that you are not ___ (fill in the blank) enough to do this, (ie smart enough, organized enough, etc.) but you totally are! With today's tips, reviewing your business finances will be simple and easy.  In this episode we'll be walking through everything you...

Do you ever have times where you feel like something SHOULD be more complicated than it actually is? I actually see this a lot with bookkeeping and thoughts around business finances. Today's topic is about one of those tasks that seems like it should be more complicated, and it really isn't (with a few exceptions of course).  This episode is all about how you pay yourself. I'm talking about the li...

  When is it finally going to be time to hire a tax professional for your small business?   Well, it depends on:   How hands-on you want to be? How strong your background is in understanding taxes in general? And of course, what can you afford? To help you answer these questions I'm excited to introduce you to Bethany Prignano   Today we cover: Estimated taxes and how to know if you might need to...

QuickBooks Raised Their Prices Again. I know; it's a bummer. But fear not! I'm going to walk you through the changes.   Prices are going up about $5 per month per subscription starting August 1st or September 1st. The transaction fees on accepting payments is also increasing.   Even though it seems they increase their prices every 18 months or so, it shouldn't be a big surprise. Prices are increas...

Let's talk super quickly about how to categorize these Instagram payments! I'm going to walk you through the principal beyind categorizing in the first place and then I'm going to help you know how to categorize your income from Instagram payments. For a lot of us we can categorize them as miscellaneous, and I'll explain why in the episode!   Get Comfy with QuickBooks https://erikamillard.com/get-...

Speaking as someone who cleans up QuickBooks messes I'll be the first to sympathize with you! It can be overwhelming to have to comb through hundreds of entries and straigthen out your finances after the fact so I want to give you a heads up about the kinds of things to avoid if you want to skip the mess this quarter.   Watch out for: PayPal duplicates Expense/income category mistakes Getting pers...

Do you love sales calls? I bet your customers can tell if you do! Camie Wilke loves sales calls. She loves that they make us grow as communicators and leaders. I've brought Camie onto the show today to talk to us about the number one thing we can do to improve our sales calls, the importance of tone, what kinds of guarantees we can include in our offers and how to incorporate visuals into our sale...

YES This is a common misconception so don't feed bad if you haven't saved every receipt up to this point. Better late than never! Let me explain why you're going to want to start saving those receipts from now on. Now, we all hope we're never officially audited by the IRS, but I'm going to walk you through what an IRS auditor would look for.   If you need a better way to keep up with receipts chec...