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

51: 3 Tips To Keep Your Bookkeeping Up To Date Whether You Are Starting A Business, You Are Self-Employed, A Solopreneur, Entrepreneur, Small Business Owner, Online Bookkeeper Or Virtual Assistant

10.20.2021 - By Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their BusinessPlay

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Stress Relief.  That’s what I am here to help you with when it comes to your business finances and particularly your bookkeeping, which is why today I am giving you 3 tips to keep your bookkeeping up to date.  I know this is the time of the year when most business owners realize they may have fallen behind in their bookkeeping and they start to look for ways they can catch up before it is too late.  They start feeling the stress and overwhelm creep up on them as the tax season starts to draw near.  Oh my gosh, does this sound like a trailer to a horror movie to you?  Well, I guess it is that time of the year when things start to get a little spooky, but I hope you are not in this situation.  If you are, I’ll be going over these 3 simple tips for you in today’s episode.  If you have fallen behind in your bookkeeping, don’t put it off any longer.  Now is the time to really look at your financial statements and make sure you end the year exactly how you planned…or at the very least, you can end the year so that you are knowledgeable about your finances, and you can take advantage of any end of the year tax planning.  You can certainly be strategic with tax deductions when you plan ahead, but if you wait until after the end of the year, it’s pretty hard to go back and make any changes.  It doesn’t matter if you are using a computerized bookkeeping system like QuickBooks, Wave, Xero or FreshBooks or a manual system such as an Excel spreadsheet or Google Sheets, you need to have your bookkeeping in order so that you can prepare your tax returns, so why not make sure that this year’ books are up to date which will allow you to make smart year end business decisions.  Whether you are just getting ready to start your small business, you’re a solopreneur, entrepreneur, small business owner, remote virtual online bookkeeper or virtual assistant, listen in and find out which of these three options you are going to utilize to wrap up your end of the year bookkeeping with this year…and believe it or not, now is the time to begin thinking about how you would like your bookkeeping to go next year…

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