Top Do-It-Yourself Bookkeeping Mistakes to Avoid

Top Do-It-Yourself Bookkeeping Mistakes to Avoid

https://youtu.be/AaWwjslzBhQ   When you first start a small business, it might not make sense to hire an outside bookkeeper right away, especially if you’re running a solo service business. Think of a solo therapist for example. There might be office rent and a supply purchase every month. You will probably have recurring software expenses and continuing education to purchase. Throw in utilities and insurance, plus hopefully some owner’s distributions to keep food on your table, and that might pretty much be the extent of your books. But it’s still a good idea to hire a trained eye to review your…
Read More
Bare-Bones Bookkeeping: What Is the Bare Minimum I Need to Do for My Books?

Bare-Bones Bookkeeping: What Is the Bare Minimum I Need to Do for My Books?

https://www.youtube.com/watch?v=_RQTcYIN4P0 “Do I have to?” If you have a child at home, remember being a child yourself, or if you are a child right now, you’re probably familiar with these four words. (For any children reading this: congrats on developing an interest in bookkeeping at such a young age!) Bookkeeping isn’t for everybody, which is why hiring a bookkeeper is such an important early step for many business owners. But if you aren’t ready to hire someone else to do your books, then somebody’s gotta do it (which probably means you!). The purpose of this post isn’t to nag you…
Read More
When Excel is not Enough

When Excel is not Enough

https://youtu.be/5uVRP-z33CA After month-end, do you look forward to lighting up the 80’s hair metal, cracking your knuckles, and loading up Excel so that you can rock those financials? Well, maybe you’re not as excited about rocking the financials as we are here at TL;DR Accounting, and that’s okay. But perhaps you’re wondering if Excel is still enough for you. Is it time to fly the Excel nest and look for a different or more robust piece of software that’s custom-made for bookkeeping? When It’s Time for Reinforcements We’re not saying that you should uninstall Excel — not at all. However,…
Read More