Financially Adjusted

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Are you an entrepreneur who gets a little frustrated and confused when it comes to understanding your financial statements? You are not alone and this episode is for you!

In this episode, I’ll dive into the balance sheet in a similar way that I explained the profit & loss statement in episode 11. I compare the balance sheet and P&L and emphasize the differences. 

Key Points:

·         Money Mindset around business finances and life challenges

·         Balance Sheet components and overview

·         Relevance of the balance sheet in your business

·         The relationship between the balance sheet and the P&L statement

·         Clearing up misconceptions/misunderstandings when it comes to these reports

Don’t forget to follow or subscribe wherever you listen to podcasts so you don’t miss the chance to gain skills and confidence around small business money topics. 

Reach out at [email protected] with any questions you’d like answered in future Q&A episodes!

Recommended payroll software (affiliate link): 

ADP: http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link): https://gusto.com/r/leslie4559

QuickBooks Online is my go-to accounting software. Get the best discount possible (30% off for 12 months) when you buy with my affiliate link below, through Complete Business Group. Message me at [email protected] with any questions regarding signing up.
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

 My favorite budgeting app w/ an amazing free version:
https://www.ramseysolutions.com/ramseyplus/everydollar

 My preferred business credit card with cash rewards (affiliate link): If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
https://i.capitalone.com/Jnub3fUEX 

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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In this episode, I explain the importance of the Profit and Loss statement for small businesses. I’ll also cover its components, why it matters, and how to set realistic profit margin goals in your business. Common misconceptions/misunderstandings about this statement will also be addressed, as well as the optimal frequency for evaluating your P&L.

Key Topics:

·         What is a Profit and Loss statement?

·         Components of a P&L

·         Importance of setting profit margin goals

·         Common misconceptions about net profit

·         Actionable steps for regular P&L analysis

Thanks for tuning in! You can reach out to me with any questions at [email protected]. Be sure to hit ‘follow’ or ‘subscribe’ wherever you listen so you don’t miss out on any valuable financial tips for your business!

Recommended payroll software (affiliate link): ADP:
http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link): https://gusto.com/r/leslie4559

QuickBooks Online is my go-to accounting software. Get the best discount possible (30% off for 12 months) when you buy with my affiliate link below, through Complete Business Group. Message me at [email protected] with any questions regarding signing up.
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

 My favorite budgeting app w/ an amazing free version: https://www.ramseysolutions.com/ramseyplus/everydollar

 My preferred business credit card with cash rewards (affiliate link):  If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
https://i.capitalone.com/Jnub3fUEX

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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In this episode, I’ll discuss the importance of collaborating with the right professionals to enhance your small business and get into a good flow. Learn about effective communication, choosing the right professional, regular financial reporting, and the benefits of advisory services. Discover how the right support can keep your business operations flowing smoothly.

Key Points:

·         Importance of communication with professionals

·         Regular financial reporting and reviews

·         Defining your needs from outsourced professionals

·         Advisory services from tax professionals

·         Guidance on choosing the right business entity

·         Bookkeeping services and their frequency

·         Ensuring collaboration among financial professionals

Recommended payroll software (affiliate link): 

ADP: http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link): https://gusto.com/r/leslie4559

QuickBooks Online is my go-to accounting software. Get the best discount possible (30% off for 12 months) when you buy with my affiliate link below, through Complete Business Group. Message me at [email protected] with any questions regarding signing up.  https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/ 

My favorite budgeting app w/ an amazing free version:
https://www.ramseysolutions.com/ramseyplus/everydollar 

My preferred business credit card with cash rewards (affiliate link):  If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
https://i.capitalone.com/Jnub3fUEX

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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In this special Independence Day episode of the Financially Adjusted podcast, I dive into the theme of freedom that business ownership can bring. I’ll share personal insights and experiences from my own entrepreneurial journey as well as some different types of freedom entrepreneurs can achieve. This includes financial freedom, time freedom, creative freedom, and physical freedom. I’ll also discuss the challenges of maintaining these freedoms and give some practical advice on how to create a sustainable and balanced entrepreneurial life.

Tune in and let’s go on this entrepreneurial journey together!  

Links related to today’s podcast: 

Brendon Burchard: https://brendon.com/

Check out his membership if you are looking to grow personally and professionally (affiliate link): https://www.growthday.com/?via=fo4rs

 Recommended payroll software (affiliate link): 

ADP: http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl
GUSTO (affiliate link): https://gusto.com/r/leslie4559

QuickBooks Online is my go-to accounting software. Get the best discount possible (30% off for 12 months) when you buy with my affiliate link below, through Complete Business Group. Message me at [email protected] with any questions regarding signing up. https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

My favorite budgeting app w/ an amazing free version: https://www.ramseysolutions.com/ramseyplus/everydollar

My preferred business credit card with cash rewards (affiliate link): If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple. https://i.capitalone.com/Jnub3fUEX 

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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In this episode of Financial Adjusted, I’m diving into a topic that many aspiring entrepreneurs grapple with: making the transition from a side hustle to full-time entrepreneurship. Whether you're working part-time or full-time while running your side gig, this episode is packed with practical advice to help you make a smart and financially sound transition.

Discussion topics in this episode:

·         Budgeting

·         Testing your product or service in the marketplace

·         Health & Life Insurance

·         Debt Management

·         Revenue Projections

·         Additional Business Needs

If you're ready to take your side hustle full-time, this episode is for you. Join me as we navigate the financial aspects of making this exciting transition. Remember, the fact that you're listening to this podcast shows that you have what it takes!

For more resources and support, reach out at [email protected].

Tune in now and let's make your entrepreneurial dreams a reality!

Recommended payroll software (affiliate link): 

ADP: http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link): https://gusto.com/r/leslie4559

QuickBooks Online is my go-to accounting software. Get the best discount possible (30% off for 12 months) when you buy with my affiliate link below, through Complete Business Group. Message me at [email protected] with any questions regarding signing up. https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

My favorite budgeting app w/ an amazing free version: https://www.ramseysolutions.com/ramseyplus/everydollar

My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
https://i.capitalone.com/Jnub3fUEX

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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In today's episode, I’m diving deep into the power of being intentional with your profit to drive your business towards success. The topics included in today’s episode are: 

·         Knowing your profit

·         Being intentional through budgeting

·         Allocating Profit

·         Owner’s Draws

·         Debt Payoff

·         Savings Goals

·         Fun goals like education and travel

This episode is packed with actionable advice to help you get clear on your profit, align your budget with your goals, and ultimately rocket to your goals with intentionality. Whether you’re aiming to scale your business, enhance your personal finances, or build an empire, I’m here to guide you along the way. Tune in and let’s get financially adjusted!

RECOMMENDED PAYROLL SOFTWARE (affiliate link):
ADP: http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link): https://gusto.com/r/leslie4559

QUICKBOOKS ONLINE  IS MY GO-TO ACCOUNTING SOFTWARE. GET THE BEST DISCOUNT POSSIBLE (30% off for 12 months) WITH MY AFFILIATE LINK THROUGH COMPLETE BUSINESS GROUP below. Message me at [email protected] with any questions regarding signing up.
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

MY FAVORITE BUDGETING APP W/ AN AMAZING FREE VERSION:
https://www.ramseysolutions.com/ramseyplus/everydollar

MY PREFERRED BUSINESS CREDIT CARD WITH CASH REWARDS (affiliate link): If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple. https://i.capitalone.com/Jnub3fUEX

BRENDON BURCHARD:  https://brendon.com/

CHECK OUT HIS MEMBERSHIP IF YOU ARE LOOKING TO GROW PERSONALLY AND PROFESSIONALLY(affiliate link): https://www.growthday.com/?via=fo4rs 

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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Today’s topic is all about saving and why it needs to be a priority in your personal life as well as in your business. We’ll also dive into some different savings accounts I recommend having and why. Emergency, tax, operational, and investment savings accounts are so very important in your business and can mean the difference between surviving and caving in tough times.

Everyone’s business is different, but you can use this episode as a guideline to be as prepared as possible in your business and your life. 

RECOMMENDED PAYROLL SOFTWARE (affiliate link): 

ADP:  http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link):  https://gusto.com/r/leslie4559

QUICKBOOKS IS MY GO-TO ACCOUNTING SOFTWARE. GET THE BEST DISCOUNT POSSIBLE WITH MY AFFILIATE LINK THROUGH COMPLETE BUSINESS GROUP:
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

MY FAVORITE BUDGETING APP W/ AN AMAZING FREE VERSION:
https://www.ramseysolutions.com/ramseyplus/everydollar

 MY PREFERRED BUSINESS CREDIT CARD WITH CASH REWARDS (affiliate link):
https://i.capitalone.com/Jnub3fUEX

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

SEND LESLIE A TEXT MESSAGE

If you’re a chiropractor or the spouse or partner of a chiropractor, today’s episode of Financially Adjusted is for you.  Some specific financial business topics will be addressed that relate to chiropreneurs and what they face in their practices.

The chiropractic-specific financial topics discussed in today’s episode include equipment purchases, payroll, savings, your accounting method and what it means for chiropractors, highest expenses categories, and DIY bookkeeping. Even if you’re not a chiropractor and you run a different type of practice or business, this financial discussion can still give you some valuable takeaways for your own small business. Thanks for tuning in!

By signing up for QuickBooks through this affiliate link, you can get amazing discounts that you’ll never get anywhere else!
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

I recommend ADP for payroll and use it myself in my business! (affiliate link)
http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

Gusto is also a great payroll platform for your business! (affiliate link)
https://gusto.com/r/leslie4559

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

SEND LESLIE A TEXT MESSAGE

Today’s episode will dive into the differences between being a W2 employee and being an entrepreneur working for yourself. Many people desire to be an entrepreneur, whether it’s a side hustle or to replace their full-time job but hesitate because of the uncertainty around how to manage the financial aspects of running a business. 

This is not something that’s commonly taught which is why most people are so fuzzy around the topic. The biggest question that arises when it comes to the financial side of running a business vs. being a W2 employee, is how to deal with paying taxes, handling tax returns, your earnings, and managing your money overall. We are going to touch on all these topics today plus add in a little bonus topic at the end. 

AMAZING PEOPLE I FOLLOW FOR BUSINESS AND MINDSET: 

BRENDON BURCHARD: https://brendon.com/

CHECK OUT HIS MEMBERSHIP IF YOU ARE LOOKING TO GROW PERSONALLY AND PROFESSIONALLY(affiliate link): https://www.growthday.com/?via=fo4rs 

AMY PORTERFIELD: https://www.amyporterfield.com/
For all things email list building and digital courses. Be sure to check out her book: ‘Two Weeks Notice’ if you’re someone who wants to ditch their 9-5 to be your own boss! 

KRYSTAL PROFFIT: https://krystalproffitt.com/
For all things podcasting and content creation.  

JENNA KUTCHER: https://jennakutcher.com/
For all things business marketing, strategy, and mindset.

 RECOMMENDED PAYROLL SOFTWARE:
ADP (affiliate link): http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl

GUSTO (affiliate link): https://gusto.com/r/leslie4559

QUICKBOOKS IS MY GO-TO ACCOUNTING SOFTWARE. GET THE BEST DISCOUNT POSSIBLE WITH MY AFFILIATE LINK THROUGH COMPLETE BUSINESS GROUP:
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/

MY FAVORITE BUDGETING APP W/ AN AMAZING FREE VERSION:
https://www.ramseysolutions.com/ramseyplus/everydollar 

MY PREFERRED BUSINESS CREDIT CARD WITH CASH REWARDS (affiliate link):
https://i.capitalone.com/Jnub3fUEX

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.

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Today’s episode is all about paying yourself in your business. If you’re a business owner or an aspiring entrepreneur, it’s likely you have questions about this topic. I’ll address how to pay yourself depending on your business entity, how much to pay yourself, and how to set up a system to pay yourself.

I recommend ADP for payroll and use it myself in my business!
http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl 

Gusto is also a great payroll platform for your business!
https://gusto.com/r/leslie4559    

I also have a free checklist for new entrepreneurs who are just getting started with their small business. Also, tune into my first podcast episode about starting smart in business. It breaks down the 5 Key Decisions/Actions that new entrepreneurs need to think about.
https://www.financiallyadjusted.com/startsmart

Check out all my FREE financial resources in one place

Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest

Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.