Creative Business

Next Monday, July 20th, I'll be doing a tele interview for the blog Woman on Quilts at 5pm PDT. The focus will be creating and business. Call in and have the opportunity to ask questions on the many different facets of this topic!

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On the Way Out

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2016 may be days away from its last gasp but for accounting professionals, we're just about to start our deep dig and clean up of the outgoing year. Even if you're stressed about not having your act together in 2016, it's not too late. Bookkeepers like myself have the month of January to get 2016 tidy and together for CPA's and Enrolled Agents to file taxes.
Take a deep breath and give a bookkeeper a call and look forward to facing 2017 a little more organized. You can do it, let me help!
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Now Trending

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Around this time, every year, I spot trends among my small business clients. Of course, there are those who are always late to the tax party. This year I'm seeing something a little different and I think it's being driven by the SAS (service as software) trend in accounting.
Bookkeeping is automatic!   I get it, bank downloads, data just falling into place. I see the TV ads and all of the new bookkeeping cloud-based software. It looks awesomely easy, and really, compared to what was only a few years ago, it is. What it is not, is bookkeeping.
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And What Did Your Accountant Say?

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Chances are, you came away from your tax preparation meeting with your enrolled agent or CPA with an accounting "to do" list. Some of the items on your list might be:

Categorize reimbursable and reimbursed expenses.Separate meals when you're traveling from client entertainment meals.Track loans to and from LLC members.Do an inventory countCreate "classes" to track different kinds of clients
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You probably don't need to toss out your entire bookkeeping system, even if it may seem pretty flawed right now. If your accountant gave you journal entries to make, do those right away. That should get your basic balances in order.

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