9. 5 Tips to Stay Organized with Your Bookkeeping

Bookkeeping
Written By Leah McCool

Summary

In this episode, Aminder and Leah discuss five essential tips for staying organized with bookkeeping. They emphasize the importance of establishing a regular bookkeeping routine, separating business and personal finances, choosing the right accounting software, digitizing receipts, and regularly reviewing financial reports. These practices are crucial for effective financial management and can significantly ease the accounting process for business owners.

Takeaways

  • Setting a regular bookkeeping routine is essential.

  • Separating business and personal finances simplifies bookkeeping.

  • Choosing the right accounting software can save time and effort.

  • Digitizing receipts helps maintain organization and audit readiness.

  • Regularly reviewing financial reports allows for proactive decision-making.

  • Using a calendar can help keep bookkeeping tasks on track.

  • Automating bookkeeping processes can reduce manual workload.

  • Maintaining accurate records is crucial for tax preparation.

  • Avoiding a shoebox full of receipts is a must.

  • Partnering with a professional can provide valuable insights.

Resources

Checklist recommendations
- www.todoist.com
- www.notion.com

Business bank recommendations
- www.mercury.com
- www.relayfi.com

Our accounting software recommendations
quickbooks.intuit.com/pricing/
www.xero.com/pricing/

Receipt organization
www.hubdoc.com
www.dext.com
QBO Mobile App

QBO Review
www.sequoia-cpa.com/quickbooks-review

We can’t wait to hear what you think! Thanks for listening.

— Leah & Aminder

Contact

Website: TheAccountingEdit.com

Leah’s Links:

Aminder's Links:

Leah McCool
Next

8. Mini Series: Reporting and Understanding Your Numbers