Get Comfy with Numbers | Making Bookkeeping & QuickBooks Easy for Female Entrepreneurs, Bookkeeping for Small Business

You have your sales goal now let's figure out how we are going to meet that goal.

I want you to look at the packages that you offer in your business. Even if you are just working with the average prices of your low, medium and high offers, whether they be packages, products or services.

Then start to play around and calculate how many of these would you need to sell in order to meet your sales goal?

Step back & ask:

1. R: Is this realistic? Would you be able to make these sales within the time frame you're looking at?

2. A: Average dollar per hour? Are you comfortable with the average amount you're earning in an hour?

3. V: Value reflect your expertise & experience? Gut check? Does it feel like a fair and clean exchange for your level of expertise?

4. E: Equivalent to competition? How to your prices compare to others in your industry?

Here are the ways we can connect:

SIGN UP FOR EMAILS:

https://erikamillard.myflodesk.com/podcast

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

New Tool: Take Home Target

erikamillard.com/takehometarget

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

Today we're continuing our series on business expenses. Be sure to go back and listen to Ep 57 to calculate your expenses and and Ep 58 to calculate your wish list first so you can keep analyzing your business finances right along with me. Today we are covering the best way to align your pricing and your sales goal.

I'll be going over how to plan for and cover the taxes you'll need to pay, your expenses, and your investments before you finally get to pay yourself. This is how you get to your true sales goal

Here are the ways we can connect:

SIGN UP FOR EMAILS:

https://erikamillard.myflodesk.com/podcast

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

New Tool: Take Home Target

erikamillard.com/takehometarget

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

Have you ever felt like you want to invest in your business but aren't sure where the money will come from? Today I'm teaching you how to prioritize and qualify your wish list, align it with your sales goals and make sure your investments don't mess with your take-home pay.

We love lists and organization, but we don't always feel warm and fuzzy around the idea of a budget. So, from now on we'll refer to our budget as our "business wish list."

Think of everything you'd love to invest in: new software, a VA, branding photos, courses, coaching, office space, upgraded equipment, etc. We're just brainstorming here so feel free to think big.

Once you have your business wish list, prioritize the ideas that will generate revenue, save you time, and move you forward professionally.

I hope you accept my challenge to organize your business wish list. DM or tag me on Instagram with your ideas!

Here are the ways we can connect:

SIGN UP FOR EMAILS:

https://erikamillard.myflodesk.com/podcast

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

New Tool: Take Home Target

erikamillard.com/takehometarget

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

Do your business costs feel as sneaky as your toddler? It's easy to feel like you're just reacting to things that come up but knowing your true business costs is essential for smart financial decisions.

Understanding your costs is key. The impacts of not knowing your expenses are stress, cash flow issues and pricing problems. Understanding costs helps you set realistic goals, avoid suprise expenses and feel confient about your financial decisions.

What to Track:

• Step 1: List out all your monthly expenses (Examples: software subscriptions, website hosting, marketing tools, office rent, internet, insurance, payroll, etc.).

• Step 2: List out annual expenses (Examples: domain renewals, business licenses, tax prep, professional memberships, yearly software renewals).

• Step 3: Don't forget variable expenses—advertising, professional development, occasional tools.

• Tip: Go through your bank statements and QuickBooks reports to catch anything you may overlook.

How to Make Your Costs Work FOR you:

• Categorizing expenses: essential vs. nice-to-have.

• Cutting unnecessary costs or finding alternatives.

• Planning ahead for annual charges—setting aside money each month.

Knowing yoru costs is one thing, but how do you turn that into a solid income goal? That's exactly what I walk you through inside Take Home Target. It's my step-by-step system to make sure your prices actually support the paycheck you want. No more guessing!If you're not sure if your prices cover your costs AND your paycheck, Take Home Target helps you break it all down easily!

Here are the ways we can connect:

SIGN UP FOR EMAILS:

https://erikamillard.myflodesk.com/podcast

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

New Tool: Take Home Target

erikamillard.com/takehometarget

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

New year, new you! (Even for your business.) I've recently been inspired by Mara Kucerik and her transparency about her business spending. Today I'm sharing with you my really intentional spending plan for Q1, how I chose the ways I want to spend on my business, and how I saved for them.

I love to get all of my thoughts down on paper. I make a list of everything I want to buy and I research the average cost.

Here are the ways I'm investing in my business in 4 ways in Q1:

1. A new team member!
2. Automation with Beth
3. Zapier
4. Rebranding

I'm so excited. I knew exactly how much I would need to save up for the investments I wanted to make this quarter and made sure was ready.

Bottom line, having a list helps. I knew the goal amount of money I should be saving for and it felt fantastic.

I would love to hear from you what you're investing in this quarter?

Here are the ways we can connect:

SIGN UP FOR EMAILS:

https://erikamillard.myflodesk.com/podcast

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

Nonprofits receive income through grants and donations as opposed to sales, so and these need to be tracked different.

Nonprofits have to maintain exceptionally accurate records to answer to their donors and maybe even their board of directors.

Donors sometimes specify how they want their donation to be used. This is called a restricted donation. So good systems are even more important here on the nonprofit side of things.

QuickBooks is still the tool I'd recommend for your bookkeeping, but you'll also need to use a donor management system.

Listen to the end to learn about a really helpful Tech Soup discount!

Here are the ways we can connect:

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

Ever feel like bookkeeping takes up way too much of your time? Today, I'm sharing my favorite QuickBooks features that do the heavy lifting for you! We'll cover automations, shortcuts, and underused features that can make your bookkeeping faster and easier.

DIY bookkeeping may be totally manageable in the early days of your business, but it becomes more and more important to streamline your finances so you can save time, categorize expenses consistently and reduce errors. That's the beauty of these QuickBooks automations that I'm going to tell you about today, plus, you get the added bonus of feeling more confidence as an entrepreneur.

QuickBooks bank feeds are a game-changer. They cut down on manual entry by pulling transactions directly from your bank account.

QuickBooks recurring transactions automatically create invoices, bills or journal entries that you repeat regularly.

The QuickBooks mobile app can snap receipts, track mileage and check reports on the go, which can be really helpful.

If you're not sure if it's time for you to start using QuickBooks book a call with me. I'll be able to let you know if it would be a time saver for you!

Here are the ways we can connect:

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

A year-end review is crucial for staying on top of your bookkeeping and preparing for tax season. Today I'm giving you actionable tips to wrap up the year confidently.

Here's what I'm covering:

How to deduct mileage to save money on taxes. Apps like MileIQ or QuickBooks mileage tracker can help.

What kinds of receipts and documentation you need to gather and how to categorize and organize them.

How to reimburse yourself for out-of-pocket business expenses.

Double checking all of your tax deadlines.

Conducting a financial review so you can flag anything unusual.

Setting measurable goals for the coming year. Look at your profit and loss statement to assess profitability. Identify areas where you overspent or underspent and set a sales goal for the new year based on this data.

If you need personalized help you know where to find me!

Here are the ways we can connect:

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

Let me give you a quick update on BOI Reporting. Just this week there have been some developments in the news and it appears that fines will not be issued for not completing BOI reports. I'll keep you posted as new information is released.

OK today I'm sharing the most important money lessons I learned this year:

Lesson 1: Don't Be Pressured into Making a Buying Decision

Lesson 2: Don't Buy Something Just Because It's on Sale

Lesson 3: Always Embrace Delayed Gratification. Purchases that you make for your business will have a bigger impact if you're primed to appreciate them!

Lesson 4: I Spend Too Much. Notice where your overspending happens.

Lesson 5: Don't Be Tight-Fisted About Money. Being generous in your business feels really good. So, just like with spending, remember moderation is key with saving and giving as well!

Here are the ways we can connect:

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!

By January 1st 2025 businesses need to submit their Beneficial Ownership Information in the form of a BOI report.

This is part of an anti-money laundering effort by the Federal Crime Enforcement Network (FinCEN).

Listen in to hear how this applies to you and whether you need to submit a BOI for your business. Basically businesses that are sole proprietorships do not need to file a BOI and businesses that are LLCs or S-corporations do need to file a BOI.

Businesses that don't comply by January 1st 2025 are potentially subject to penalties.

You'll need to provide the name, address, date of birth, and social security number or other identification of those with beneficial ownership of your business.

Check to see if you need to comply with BOI requirements and seek professional guidance if you're still not sure https://fincen.gov/.

Here are the ways we can connect:

Reach me: https://erikamillard.com/contact

Learn: www.erikamillard.com

Email: [email protected]

Instagram: @erika_millard

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

Don't forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist

Happy Bookkeeping!