Learn how to increase your business production with this one simple tool.
Tag: QUICKBOOKS ONLINE
How To Track Your Projects and Profit With Subcontractors
Let’s talk about money, honey.
More specifically, how you can easily keep up with all the moving pieces inside your client projects. This Client Project + Outsourced Dashboard (that I like to call it) is the answer to your worries.
Think about it – wouldn’t it be nice if you could clearly see your clients’ names, the start date of their project and the due date the project needs to be completed. Plus, see how much you’re going to make from the project, track payments made from your clients and project details. The best part of this template is to see the big picture of how much your subcontractor will earn from working on the project and the potential project you can make.
Sooo nice!
Watch the Client Project + Outsourced Dashboard Overview to see how it can work inside your business:
This template came to life a month or so ago when I was hired by someone to create a custom template for them. This was the outcome. Truthfully, their template is much more robust and very detailed to what they need which has worked beautifully for her. However, I started using this Client Project + Outsourced Dashboard inside my business and it has been a game changer. So I have been working with my 1:1 clients and using this inside their business to help them see the big picture of contractor projects and payments. Then I had a light bulb moment and created this template for YOU.
You can grab the template and inside you will receive the template to save to your computer (or Google Sheets), a PDF Getting Started Guide, and video tutorials on how to customize the template for your business (5 in all!).
Here’s the truth – you CAN create your very own Client Project + Outsourced Dashboard template based off the overview video; however, let’s cut to the chase and just get to organizing our projects. You can grab the template here.
How To Reconcile Merchant Fees Inside QuickBooks Online
Do you run a creative business that uses Stripe, Square, PayPal or other payment processors? In this training I’m going to show you how to reconcile your QuickBooks Online account to account for these processing fees.
This is a simple solution to make sure that your total amount of sales is accurate each month and that you don’t lose any tax deductions due to your merchant fees that are taken out.
You can watch the training video below or online:
Are you an Etsy seller who struggles with recording your sales and expenses each month? Check out a previous training I did where I show you how to treat Etsy like a bank account to make it so much easier on yourself each month.
Need more help? Register for my free bookkeeping training – How To Consistently Increase Your Profits By Doing Your Bookkeeping In Under 30 Minutes A Month So You Have More Time For Income-Producing Tasks.
Learn How To Tackle Your Bookkeeping In Under 30 Minutes [Grab My Year-End Tax Planning Guide for FREE]
Being a business owner is probably one of the most rewarding jobs you can have, but it’s not always the easiest job in the world. We have dreams of working for ourselves and never having to answer to a mean boss again, but in reality it’s pretty challenging. Especially when we have to stretch ourselves thin when it comes to client projects, deadlines, creating content, sourcing out new clients, doing admin tasks and so much more. We start our business because we have an idea and we know our idea will transform the lives of others, but we don’t always realize the challenges that come along with owning a business.
We put ourselves out there, we open up shop and then we wait. Sometimes we have to wait a long time before we start getting momentum in our business. Sometimes we have to kiss a few frogs to discover our ideal client type. And sometimes we have to spend time on tasks that we aren’t crazy about because they have to get done.
That’s bookkeeping for a lot of business owners. They don’t really like it. They don’t really understand it. But they know it needs to get done. They know they have to have something to give their tax preparer each year, but they have no clue if their doing it right.
Sometimes, as a business owner you might even be spending HOURS inside your bookkeeping each month because you’ve been told numbers are difficult. You may be wasting time making it harder than what it should be. You aren’t sure what buttons to click inside QuickBooks, what reports to run, or even how to code some of your expenses.
You don’t even know what services are actually making you a PROFIT – not just bringing in money, but making you a profit at the end of the day.
And let’s not even get you started on tax time. You may even be missing out on some tax deductions because you aren’t including all of your expenses or are coding them wrong. Be honest, does the thought of taxes send your anxiety through the roof?
Well what if I told you there was a better way? One that only required 30 minutes a month and did not strike fear or overwhelm when you sit down to do it each month…
It’s not a dream. There is a bookkeeping method that you can use to spend LESS time inside your bookkeeping, which means you could have MORE time to spend on income-producing tasks each month.
You would know exactly what services were creating a profit and which ones were costing you month-after-month.
You would have a beautiful color-coded bookkeeping routine for each month that told you exactly what tasks to do and when to do them.
You would have the confidence to know how to do the right tasks inside your bookkeeping program so you know your numbers are accurate.
You would be able to sit down in November or December to create a year-end tax plan so there would be no surprises during tax time. You would be able to confidently reinvest YOUR money back into your business and not have to pay a huge tax bill.
If you’re interested in learning my 3-Part Framework To Tackle Your Bookkeeping In Under 30 Minutes A Month then I would love to invite you to my FREE workshop. I’m going to dive into how I create a system to know what tasks to do, how to do them and then how to use that information to make better, more profitable business decisions to grow.
You can register for my free training HERE.
As a thank you for signing up for the workshop, I will send you my year-end tax planning guide for free. This guide will help walk you through all of the major areas inside your business that you should review before December 31. That way you can head into tax time with less stress and know exactly what your tax bill will look like, which is a pretty great feeling.
The Bookkeeping Tasks You Need In Your Small Business
Are you tired of walking in circles month-after-month? Maybe you’re not really sure what bookkeeping tasks you need to be doing. Maybe you don’t know when you need to do them. Plus, the idea of sitting down for hours to tackle your financials just seems too much to handle. Then you need a guide. A map that tells you what tasks to do, when to get them done by and a list that you can cross off of.
That’s where the Bookkeeping Checklist comes into play. This handy-dandy bookkeeping task list will help you create a system. A system for your small business that you can easily stick with. This no-nonsense map will cut down the time you spend each month on your bookkeeping. Plus, it will give you the confidence you’re lacking when it comes to your numbers.
In today’s video I’m walking you through how the Bookkeeping Checklist is broken down by time period and not just specific tasks. That way you can easily schedule the few minutes you need here and there to get it all done.
You can watch the video all about bookkeeping tasks online or down below:
This is the system I use in my business and what I use with my clients. I spend about 15 minutes a week on these tasks and another 15 minutes at the end of each month – that’s it. That means you can, too! Which is perfect so you can spend more time working on income-producing projects or passion projects and less time worried about your financials. In the video, I mentioned how you can easily schedule in a few minutes a day to tackle all of these items. Plus, I shared how you don’t even need the full desktop version to knock them off.
If you’re ready to learn how to utilize The Profitable Money System – how to tackle your monthly bookkeeping in under 30 minutes a month then you need my 3-Part Framework Masterclass. Sign up for free!
Also, if you need more help then be sure to check out last weeks’ tutorial on how the FOUR R’s are the perfect compliment to the Bookkeeping Checklist.
Be sure to check out these posts to grow your business:
The Most Missed Small Business Tax Deduction
How Price Your Services: The Pricing Formula You Need To Make A Profit
Your Monthly Bookkeeping Cheat Sheet To Spend Less Time Getting The Job Done
Are you tired of your monthly bookkeeping TAKING FOREVER to get done? That is the number one complaint I hear from small business owners I work with – it takes forever to get done!
The next complaint I hear is how they are unsure if the numbers being inputted are even right – which category do you choose, what if I invested my own money this month, what if I used my personal card to buy something, and so on.
Honestly, that’s where I come in. I have systems in place to make sure your bookkeeping is getting done right and in a timely manner. That way you have results back fast so you can make any adjustments needed to the next month – marketing tactics, raise prices, cut expenses, or whatever the case may be so you can make a profit. I also love teaching business owners how to read the monthly financial reports so they can run their business more efficiently.
But how do you get there when you’re not ready to hire a bookkeeper? Simple! You learn how to DIY your bookkeeping for now. I’ve decided to pull back the curtain and share the steps I take with my monthly clients (and my personal bookkeeping) to help you learn a better system.
In today’s video I’m sharing my four-step process to tackle your bookkeeping tasks in less time. You can watch the video online or down below:
See, it’s not that hard when you have a system in place. That’s usually my first step with new clients is creating a personalized system based on my four steps mentioned in this video. I have a free Bookkeeping Checklist that breaks down the tasks you should be doing each day, week, and month. But sometimes it’s nice just to remember the 4 R’s and move on.
If you need more help with QuickBooks Online for your business, then register for my FREE masterclass. It’s going to be full of step-by-step tutorials in QBO and tips on how to use it to run your business so you can start making money and stop feeling overwhelmed by it all.
Ready for more trainings? Watch my latest videos:
The Most Missed Small Business Tax Deduction
Learn what the most commonly missed small business tax deduction is and how you could be losing money each year.
How Price Your Services: The Pricing Formula You Need To Make A Profit
Do you know how to price your services – the right way? Are you tired of overworking yourself just to end up short at the end of the month? I’m sharing my fool proof pricing strategy for service based entrepreneurs. This pricing formula will help you create a system that actually works for your business, which means you’ll be able to cover all of your expenses, not overwork yourself and start making a profit at the end of each month.
Here’s the truth – most small business owners severely undercharge for their services. There a few reasons for this fact – maybe you’re new and you feel as if your expertise doesn’t deserve a higher price (which you’re wrong). Perhaps you are under the mindset that if you have the lowest prices around then you will be swamped with clients and make a ton of money. Again, you’re wrong.
With both of these thought process you might be fully covered with client work, but those clients may not be the best fit for you. These low-end clients may be taking advantage of you, draining you and taking up more time then their agreed-upon price calls for. That means you’re not making any money after you consider your time and your overhead.
You need to set yourself apart from the low end and charge what the market is willing to pay. Now, I am not a believer in charging what you’re worth because you are worth so much. You have to make sure the amount you’re charging is what your clients are willing to pay. That’s why in my video I teach you how to research the perfect pricing for your business to ensure clients will be happy to pay for the value you’re adding.
You can watch the video with my pricing formula online or down below:
Hopefully these tips will teach you how to price your services so you can start to grow your business and start making the money you deserve.
Don’t forget to grab our Bookkeeping Checklist that’s mentioned in the video. This guide will help you know what tasks to do and how often you should be completing them. That way you can trust the numbers you have in your bookkeeping system to give you the right data about your pricing. If you don’t have confidence in your numbers then you will never be able to make the full profit you deserve.