9. Five Tips to Stay Organized With Your Bookkeeping

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The Accounting Edit

18 episodes

1 week ago

The Accounting Edit is where real conversations meet real numbers. Hosted by two women accounting firm owners, we’re pulling back the curtain on what it’s actually like to build a modern accounting practice—while helping small business owners make sense of their finances. Whether you’re a fellow firm owner, a service-based entrepreneur, or just curious about the behind-the-scenes of running a business, you’ll find honest insights, practical advice, and plenty of moments that make you feel like you’re not alone.

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Business

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9. Five Tips to Stay Organized With Your Bookkeeping

The Accounting Edit

20 minutes 12 seconds

4 months ago

9. Five Tips to Stay Organized With Your Bookkeeping

In this episode, Aminder and Leah discuss five essentialtips for staying organized with bookkeeping. They emphasize the importance of establishing a regular bookkeeping routine, separating business and personalfinances, 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 simplifiesbookkeeping.
Choosing the right accounting software can save time andeffort.
Digitizing receipts helps maintain organization and auditreadiness.
Regularly reviewing financial reports allows forproactive decision-making.
Using a calendar can help keep bookkeeping tasks ontrack.
Automating bookkeeping processes can reduce manualworkload.
Maintaining accurate records is crucial for taxpreparation.
Avoiding a shoebox full of receipts is a must.
Partnering with a professional can provide valuableinsights.

Chapters

00:00 Introduction

01:51 Tip 1 - Set a regular bookkeeping routine

05:04 Tip 2 - Separate business and personal finances

07:35 Tip 3 - Define the accounting software / systemthat fits your business

12:20 Tip 4 - Organizing and digitizing your receipts

14:37 Tip 5 - Review your financial reports regularly

Keywords:

bookkeeping, accounting tips, financial organization,business finance, bookkeeping routine, accounting software, financial reports, business expenses, tax preparation, financial management

Website: TheAccountingEdit.com

Aminder's Links

Website: sequoia-cpa.com

Instagram: @sequoiacpa

LinkedIn: linkedin.com/company/sequoia-cpa

Leah's Links

Website: orca-accounting.com

Instagram: @orcaaccounting

LinkedIn: linkedin.com/in/leahmccool

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