Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

When you want to be successful, you need to make sure you are taking advantage of every minute of your day.  Some people make their success seem so simple.  Most successful entrepreneurs follow a routine that they know they can stick to on a consistent basis to get the results they ultimately want to achieve in life and in their business.  In today’s podcast episode I am covering some of the highl...

If you have a business or you do bookkeeping for business owners, you know now is the time you need to wrap up your year-end financial statements.  If you’ve heard the phrase closing the books, this is exactly what it means.  You simply make sure you have all your money coming in and money going out of your business recorded and reconciled so that your financial statements reflect accurate data. ...

Understanding your numbers and keeping up to date on your finances is key to the success of your business.  When you actively keep a pulse on your business finances, you will certainly make better business decisions.  If you have a fear of numbers or are afraid to do your bookkeeping or unsure how to generate your financial statements you can't keep a pulse on your business finances.  If you are t...

I’ve been getting quite a few messages from business owners saying that they are struggling to create a budget for their business.  Some are just getting their business up and running and others have been in business for a few years.  Either way, having a budget for your business will allow you to dictate how you want your money coming in and out of your business to flow.  When you don’t have a bu...

With the end of the year coming to a close, you want to make sure that you have everything done correctly in your business, right?  One of the many important year-end tasks is to make sure that you are correctly paying and classifying wages.  There are many different entity types that businesses can be set up as and depending on how you’re your business is set up will determine how you pay yoursel...

When you own your own business, it can be difficult and lonely at times.  You most likely feel like every single decision that you make is essential to the success of your business, but you don’t know if you are making the right decision, the wrong decision or even if it is the right time to make these decisions.  This is common among entrepreneurs and solopreneurs, so don’t feel like you are the...

Have you ever heard about the W9 form?  It is an important form and more than likely, you’ve either had a request for this form, or you yourself may be requesting them from your vendors.  This form is used to collect information about others but knowing in advance that you need to request this information will not only save you valuable time, but it will also give you the information you need to f...

We are coming to the end of another year and it’s time to really look closely at your finances so that you are prepared when it comes time to file your taxes.  Today I am talking about a common misconception when it comes to figuring out what your taxable income is.  Many business owners will take a look at their business bank account and think this is the number they will need to pay their taxes...

When you are thinking about starting a bookkeeping business, you first want to make sure that being a bookkeeper is right for you, and you need to know what a bookkeeper does.  To do this, make sure you check out episodes 55 and 57 in this bookkeeper series.  One of the next things you start to wonder about is how much will it cost to start a bookkeeping business.  You’ve heard me talk about how b...

I know that there are times when owning your own business can be hard.  It is easy to focus on negative thoughts and things that are not going quite like you had hoped in your business, but have you ever thought about changing your thought process a bit?  Did you know that gratitude is scientifically proven to promote happiness, improve your mental and physical health and increase productivity?  W...

If you are thinking about starting a bookkeeping business, and you know that you have what it takes to be a bookkeeper, but you are just not quite sure about what you would do as a bookkeeper, this episode is for you.  Being a bookkeeper may sound intriguing to you, but do you ever wonder if you would be able to do the tasks required of a bookkeeper?  Do you wonder what each of the responsibilitie...

When you own your own business and you have employees, or you are planning on hiring employees, you need to have a basic understanding of payroll.  You must have this understanding whether you are going to process your own payroll, or you are going to hire someone to do your payroll for you.  You, as the business owner are ultimately responsible for everything related to payroll in your business. ...

If you are one of my regular listeners, you’re probably wondering why there is an additional episode this week.  Well, today I have something special for you.  I’ve decided to do an extra series of podcast episodes for bookkeepers, but don’t worry, my normal weekly podcasts will drop at their regular times.  I know that the listeners of this podcast are made up of a mixture of entrepreneurs who ei...

Investing in yourself is important, and you as a business owner or potential business owner need to understand how valuable you are personally to your business.  I know your time is limited and cherished.  You may be thinking that if you are not working in your business and generating money that you aren’t being successful.  But I want you to take a step back and see just how important you, yes yo...

Have you ever caught yourself dreaming about quitting your job?  This seems to be a common theme these days.  Many people just want to switch jobs, but there is a vast majority of individuals who are ready to dip their toes into the entrepreneurial waters and start their own business.  Does this sound like you?  If so, you’ve probably been debating if quitting your job is right for you and wonderi...

Since my previous podcast on The Great Resignation episode number 49, I have had quite a few conversations with entrepreneurs just like you who are thinking about starting their own business but are unsure if it is right for them.  They wonder if it is the right time, and they wonder what they should be researching to make sure they are covering all their bases before taking that big leap.  I pers...

Stress Relief.  That’s what I am here to help you with when it comes to your business finances and particularly your bookkeeping, which is why today I am giving you 3 tips to keep your bookkeeping up to date.  I know this is the time of the year when most business owners realize they may have fallen behind in their bookkeeping and they start to look for ways they can catch up before it is too late...

Can you believe we are already in the fourth quarter of this year?  If you are anything like me, it feels like these last three months of the year go by so quickly and before I know it, January is here, the holidays are over, and it is back to business as usual again.  I really try hard to be as prepared as I possibly can be between both my personal life and my business during this busy time of th...

Have you heard about The Great Resignation or The Big Quit?  It seems to be impacting businesses big and small, but it doesn’t stop there.  Individuals or employees are seeing the impact of The Great Resignation as well.  The Great Resignation may have started with the pandemic, but it will be interesting to see how everything unfolds over the next few years.  I am seeing this particularly as busi...

Being efficient will save you time, and since we only have so much time each and every day, we want to make sure we are maximizing all the efficiencies in our business.  But have you ever though that once you master your bookkeeping workflows, you would also be creating a system that will be more accurate and reliable?  When you set up your workflows and follow them through, you will notice you ar...

Over the last few episodes, I’ve talked about why you shouldn’t be commingling your personal and business funds, and today’s episode is no different, but like I’ve mentioned in the past, I understand that there are times when this happens, and you need to know how to account for it in your bookkeeping so that your financial statements are not reflecting the wrong data about your business.  In toda...

Even though you know you shouldn’t be mixing your personal and business funds together, we know it happens, and I totally understand that there are times when this may be happening in your business.  I have seen many times when cash falls short, and the business owner needs to inject additional funds into the business.  Where does this money come from?  Well, to be honest, most often, it is the bu...

Recording personal funds in your business can be tricky and you want to make sure you are capturing and recording all of these transactions so that your business financial statements reflect all of your business transactions accurately.  These personal funds may be in the form of an injection of additional personal funds you put into the business, or you may find yourself as the business owner mak...

Are you taking the time to review your financial statements each month?  Do you understand what your financial statements are telling you about your business?  Most people will look at their Balance Sheet and Income Statement when they review their financial statements, but today I am going to talk about another report that you should be looking at on at least a monthly basis as well.  This report...

We all know how much the world relied on virtual technology over this past year due to the pandemic.  Teachers, students and even businesses had to rely on virtual technology more than ever.  Many businesses were already using some sort of virtual technology and others jumped on the technology bandwagon quickly.  Whether you were already using this virtual technology, or you just decided to start...