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

When you own your own business, you know how quickly the paperwork can start to pile up.  It’s great to have processes in place to make sure you are handling all the day to day tasks, but once you tackle those obligations, what do you need to do with the documentation?  This is where record retention policies for your small business are valuable.  Once you set up these policies, you as a soloprene...

Owning your own business can be stressful enough with all the tasks of running your own business, but also taking into consideration your small business finances can easily push you over the limit for keeping your cool.  Even if you enjoy what you are doing, feeling overwhelmed can happen so suddenly and it isn’t good for anyone.  Today we are going over a few tips to ensure you don’t slip into ha...

If you are like most small business owners, online virtual bookkeepers or virtual assistants, you set some amazing goals at the beginning of the year.  More than likely one of these goals covered your business finances and bookkeeping, that’s why you are here, right?  In today’s episode, we are diving into what you need to do RIGHT NOW to make sure you stay true to your goals.  Listen in as we tal...

Believe it or not, if you are doing your own bookkeeping you have a chart of accounts.  If you are using an Excel spreadsheet, QuickBooks or another system to record your bookkeeping, you will have a chart of accounts.  You may just have a list of accounts you use periodically, but this is your actual chart of accounts.  Whether you are a small business owner, a virtual online bookkeeper or a virt...

Understanding the difference between revenue and profit is crucial to a business’s success.  They both show up on your income statement or profit and loss report, but they are very different numbers.  Whether you are a small business owner or have an online virtual bookkeeping business, you’ll want to listen in today as we talk about what these differences are and why you need to know what each on...

When you are a small business owner or bookkeeper recording transactions in QuickBooks Desktop or QuickBooks Online, it can be very easy to accidentally enter the wrong date…especially if you are recording a lot of transactions from the past or catching up on your bookkeeping.  To make sure you don’t record any entries in a period that has already been closed, be sure to follow these steps to main...

The need for bookkeepers for small businesses has really grown and the way business owners look at outsourcing their bookkeeping has changed over this last year.  In today’s episode, I’ll be diving into why I feel this year is the best year to start an online virtual bookkeeping business.  If you are a small business owner, you’ll find this episode helpful if you are looking to outsource your book...

Are you a bookkeeper, virtual assistant, VA or small business owner who needs to close out the end of the year for your bookkeeping?  Have you felt intimidated hearing about others closing the books and you wondered if you were missing out on something?  Today we are going to walk you through a normal year end close of the books.  If you are using a computerized software like QuickBooks it is easi...

Happy New Year!  In today’s episode, we talk about the importance of choosing a word of the year for your small business.  Unlike setting a New Year’s resolution, this word will help you focus on exactly where you want your business to go.  You should apply your word to EVERYTHING you do in your business.  Apply it to your sales, your purchases, your marketing, your employees, your new business id...

Today we are going over how the new stimulus package, PPP loan guidance and the government appropriation provisions will impact your small business.  There is a lot going on in this bill – it’s actually over 5000 pages, but I am breaking it down into bite sized pieces so you know exactly what you need to do in your small business.  There’s even some good news about the business meals deduction you...

In today’s episode, we are wishing you a happy holiday season!  We know how hard you as a business owner, entrepreneur or solopreneur work on your business and you deserve a break!  We wanted to give you a shout out and send a warm holiday wish to you and your business.  Listen in for our holiday wish to you…   Join our upcoming MASTERCLASS ~ 7 Mistakes To Avoid In Your Small Business www. Financi...

In today’s episode, we are diving into the new 1099-NEC form.  We will look into what the form is about, who you need to issue the form to, as well as thresholds, exceptions and due dates.  We’ll also cover what is still needed on the 1099-MISC form and which part the 1099-NEC form is replacing.  We know this form is new for year end 2020 and we want to make sure you have the information you need...

Welcome to the fourth and final episode of our four-part series where we are diving into all the questions asked when you are deciding if you should do your own bookkeeping.  In this episode, we take a deep dive to find out if you have the TIME needed to do your own bookkeeping.  We’ll find out if you even have an interest in doing your own bookkeeping and if you are you willing to make it a prior...

Welcome to the third episode of our four-part series where we are diving into all the questions asked when you are deciding if you should do your own bookkeeping.  In this episode, we find out if you are READY to do your own bookkeeping.  Have you registered your business?  Do you have your bookkeeping system in place?  Are you ready to have more control over your finances?  Are you looking to hav...

Welcome to the second episode of our four-part series where we are diving into all the questions asked when you are deciding if you should do your own bookkeeping.  In this episode, we talk about what you NEED to do your own bookkeeping.  Do you have the right bank accounts and do you have a process set up?  What will you use for a bookkeeping system?  Do you have the appropriate knowledge of acco...

Welcome to the first episode of our four-part series where we are diving into all the questions asked when you are deciding if you should do your own bookkeeping.  In this episode, we talk about how you know if you are ABLE to do your own bookkeeping.  Learn about what bookkeeping is, if you could save money doing your own bookkeeping, how doing your own bookkeeping puts you in control and if it m...

Welcome to the first episode of Mastering Your Small Business Finances, where we introduce to you our host and the 3 goals of this podcast as well as topics we will be discussing in future episodes such as finances, entrepreneurship, money management, leadership, bookkeeping and accounting, tax deductions, payroll, QuickBooks and other accounting software, growth, cash flow, business taxes, financ...