Get your numbers in order. This is a MUST! The end of the year is fast approaching and before we know it, it will be time to pay the tax man will you be ready?
Every year I get the same messages from people;
"I planned on doing my bookkeeping but time got away from me and now where do I start?"
"I have all of my receipts but what do I do with them?"
"Next year I am hiring a bookkeeper can you help?"
I have my receipts all organized, what is next?"
"I am overwhelmed and do not know what to do."
Bookkeeping can be overwhelming, but it doesn't have to be! Many times as business owners we start with great intentions of keeping our accounting records up to date, but often it gets set aside and before you know it you are far behind and that feeling of being overwhelmed starts to creep in.
What happens next? NOTHING, and that is a big problem!
Let me ask you this:
If your bookkeeping is not up to date how do you know if you are making a profit?
If your bookkeeping is not up to date how do you know where you are spending money?
If your bookkeeping is not up to date how can you make good financial decisions?
If your bookkeeping is not up to date how can you plan for the future?
I could keep asking you questions like these but I think you get the idea. Instead let me give you some tips to help you get your bookkeeping records in good order.
If you are mixing personal and business finances together, please STOP go to the bank and open a business account. You will thank yourself later!
Start using a bookkeeping system they are low cost and there is even some free versions available
Keep copies of invoices you send to your clients
Keep all business related receipts, if you are not sure what is a business expense you can download a copy of my business expense checklist, here
Of course, there is just far too much information I could give you about bookkeeping for one blog post. But I can give you a FREE copy of my E-Book: Booking Advantage Tips to Track Your Money. I am so excited to share this with you!
This E-Book includes;
An introduction to bookkeeping
Basic bookkeeping terminology that is used in the industry
An overview of income and expenses
Examples of transactions that are commonly used in most businesses
Sample financial statements
Because I have been working on my own mindset a lot this year, I wanted to give you a special bonus! First Download your Free E-Book and then don’t forget to get your special bonus Guide to Prospering With a Wealthy Mindset and as an extra special bonus I have included the Prosperity Mindset Worksheet with the Guide Prospering With a Wealthy Mindset.