Category: Tricks + Tips

you need a financial reset

4/6/2021

Finances can get messy quickly. You don't have to pretend you have everything together––I've seen my fair share of bookkeeping messes (and just so you know I LOVE cleaning up bookkeeping messes, so send them my way judgment-free!).

There are six practical steps you can take to get your on the right financial path:

Get caught up with your bookkeeping
Review your profit and loss statement
Hire a Certified Public Accountant (or Enrolled Agent) to file your taxes
Prepare for 1099 season now
Set financial goals for the year
Schedule a date to renew your LLC in your state

These tried and true tips are for useful for any stage of business (because business = money to keep track of, whether it is little or much). I've used them in my business, to help my clients, and now I want to pass them on to you.

If you feel like your finances are out of control it's time for a Financial Reset.

Reset my Finances

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What makes you rich

3/3/2021

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Have you ever thought, if I could just make more money then I wouldn't be living client payment to client payment... then I would be rich?? (ok, maybe you haven't actually used the word rich but you catch my drift).

Well, I believe it isn't your income which determines your "richness." It's your spending habits. If you have bad spending habits, an increase in income will only mean an increase in spending. You get an extra client project and think "woohoo, I'm going on vacation!"

Suddenly, the extra money is gone and you didn't even go vacation yet. You didn't have extra money that you thought you would. Where did it go?

That is why you must focus on your spending habits. Here are some bookkeeper approved spending habits:

Delayed gratification. Don’t go out and buy right away (especially for large purchases). Look at your options and shop around for the best price. You may also delay the purchase for a week or month. After that time is passed, ask yourself whether you still need to buy the item.
SAVE! I know, this is supposed to be about SPENDING habits but I couldn't help myself. Set up a savings account and transfer money into it every month. It's better to save while you have money than to wonder where they money will come from later.
Don’t be fooled into thinking that it’s just a small purchase. Benjamin Franklin wisely said that small leaks sink large ships. Remember that $5 x 20 days a month = $100. You could be saving for a future vacation!
Give yourself a "fun" budget. Set aside money each month to use just for fun: shopping the sale at your favorite store, buying a new piece of decor for your office, browsing Amazon. That way you won't be deciding how much to spend in the moment.

Remember, I’m not saying "never spend money." Rather think things through before you buy. Tell "your money where to go instead of wondering where it went" (John Maxwell).

Happy spending,
Brittney

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The Best time to Hire a Bookkeeper

2/1/2021

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As a small business owner you don't have extra money to throw around.

I get that. I love saving money whenever I can. Which is why I want to let you in behind the scenes of my bookkeeping business.

The best time of year to start your new bookkeeping system is January 1. This keeps all your records for the year in one place and ensures tax time will be a breeze.

And the best time to hire a bookkeeper? February.

Seriously? YES! If you hire a bookkeeper in February it will be the least expensive because I don't need to clean up any previous months and your January bookkeeping is completed in February! That means there's no time for things to get confusing for you. Just hand it over to me and continue on with your life!

Ready to save money? Schedule a discovery call and we can get started!

I'm Ready to get Started!

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you need a financial reset

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