In this episode, Erica talks through into the fundamentals of maintaining 'clean' business books. She explains what clean books should look like, the common issues that can arise, and how these issues can affect financial planning and tax reporting. Erica provides tips on identifying and rectifying issues such as inconsistent categorization, unreconciled balance sheets, uncategorized expenses, misreported owner distributions, and mixing personal and business expenses. She also offers actionable steps for consultants to take to ensure their books are accurate and useful.

00:00 Introduction to Consultants and Money

00:52 Understanding Clean Books

01:53 Signs Your Books Aren't Clean

04:38 Common Bookkeeping Mistakes

06:06 What Clean Books Look Like

07:20 Key Financial Reports

08:02 Steps to Fix Your Books

09:06 Conclusion and Final Tips

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