10/07/2020
Q4..Who's Ready!?
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As the last few month of the year tick away what are your Q4 goals? Do you write down goals?
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If you started a quarantine business and haven't kept track of your finances up until now, it's time.
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If you have been in business awhile and haven't kept track of your finances, it's time.
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Get organized so you can make sound financial decisions and work with a tax planner to reduce your tax burden.
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Ways to keep track of your income and expenses:
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1. Excel Spreadsheet - download your transactions from the bank and add the categories and a filter.
2. Quickbooks Self Employed - this was designed for a 1099 contractor, think UBER or Lyft Driver
3. Quickbooks Online - there are different levels of QBO. Which version you need depends on your business
Other options: Freshbooks, Xero or WAVEAPPS.
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Whichever accounting software you use. Make sure you are using it because it fits your specific business needs VS someone said it would be good for you.
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Set up a time to chat about your business and we can figure out which is best for you!
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One time I had an initial meetup with a business owner. We got into her needs and what she was doing now, she thought she needed an accounting software set up. BUT after going through her business and her amazing excel spreadsheet we kept her doing the spreadsheet. It's not about what your accountant wants, its about what works best for you and your business.