94: Check Your Bookkeeping Accuracy With This Report Whether You’re Starting A Business, Self-Employed, A Solopreneur, Entrepreneur, Owner, Side Hustler, Freelancer, Bookkeeper, Or Virtual Assistant

When you are utilizing a computerized software system to do your bookkeeping, it will save you time if you are taking advantage of all the bells and whistles it has to offer, but how do you know that everything is getting classified in the proper accounts?  One of the tradeoffs you have when you are using functions such as bank feeds and automatic data entry is that you need to make sure you are reviewing all of your transactions for accuracy.  In today’s podcast episode, I cover one of the most important reports you can review to ensure all the transactions you have going into your financial statements are categorized in the right accounts.  This is a simple report to generate, and it won’t take you too much time to review, especially if you are able to work on your bookkeeping on a monthly basis so that you have accurate financial statements to review.  You know I always recommend you keep up with your bookkeeping and reconcile your accounts on at least a monthly basis.  When you do this, you are able to make smart business decisions in real-time for your business rather than having this information months after the tax year has ended, and you no longer have the ability to be proactive about your business decisions.  Whether you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA, having the knowledge of this easy-to-generate report and understanding how simple it is to spot errors will give you even more confidence that you are doing your bookkeeping accurately.  To celebrate my upcoming 100th podcast episode, I am giving away a four-week business strategy and coaching package to one of my lucky podcast listeners.  If you’d like to be entered in the drawing, you need to sign up for one of my free consultation sessions by September 3rd, 2022.  You can go to https://www.FinancialAdventure.com/contact-us to schedule your session today.  These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…

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