009 - Bookkeeping Basics You Can't Ignore

The 2 Cents Business Podcast

Bookkeeping can be intimidating and a bit overwhelming but it doesn’t have to be. It can (and should be) a tool that you can use to plan and scale your business… sooner than later.

In this episode, I’m giving you four quick tips to get you on board with bookkeeping. Just the basics. Afterall, we have to start with a foundation, right? RIGHT!

Mentioned in this episode:

• Bookkeeping basics and tips to make it less intimidating and overwhelming
  
• Episode 008 - The 3 Bad Money Habits That Drive Your CPA Crazy
  
• Leaving notes for your accountant in Xero Accounting Software
  
• Upcoming Webinar - The 3 Money Mistakes That Are Keeping You Stuck and Killing Your Profit
  

Highlights of this episode:

• 00:45 Introduction of this episode’s topic - bookkeeping and preventing messy money
  
• 01:22 Tips to make bookkeeping a little less intimidating and less overwhelming
  
• 02:12 Some accounting jargon every business owner should know
  
• 03:34 How to record more complicated transactions
  
• 03:47 How to get feedback from your accountant (leaving numbers notes)
  
• 04:34 How to figure out tax deductibility
  
• 06:08 How frequency and consistency can make bookkeeping less overwhelming
  
• 08:24 Do you know your numbers? A quick walkthrough of financial statements, “the reports”, and what it all means
  

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RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

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Want to chat and hangout with me, Joyce? You can find me on Facebook, Instagram or Twitter…as @thecommoncents.

You can find all the links and additional show notes at: https://www.thecommoncents.com/podcast