This week's bookkeeping tip: With only two months left in the year, it's time to focus and commit to reaching your goals. Take ten minutes and write down your income goal for the month of November. AND how much you want to keep at the end of the month (hint: this is known as a business budget). If you are not using a bookkeeping program, you definitely need to check out Xero.
Are you sticking to your weekly bookkeeping date? If you need help figuring out what it means to "do your books", check out my new Bookkeeping 101 course to learn how to save hundreds of dollars on your taxes.
Speaking of bookkeeping, I am SO excited to share my following appearances and workshops. If you can make it to the Bay Area, I would love to see you.
- Life Chiropractic West College- Hayward, CA. November 17. I'll be hosting a workshop about bookkeeping basics. Hit reply to this email for deets.
- Bauman College- Berkeley, CA. December 8. I'll be hosting workshop about how to get funding to jumpstart your business. Hit reply to this email for deets.
As we quickly approach the holiday season, remember to keep a watchful eye on your expenses. With all the hustle and bustle in our business and personal lives, it is easy to let our weekly bookkeeping dates slide and to increase our spending.
The best way to prepare your business for the holiday season is to set an income intention AND to create a business budget.
The holiday season is a BIG time for us as entrepreneurs to make great money. However during this time of year, it's also easy to spend a lot of your hard earned money on Facebook ads, marketing campaigns, and seasonal hires.
And while all of these expenses may be justified, do not let them get away from you. Be extra mindful when you swipe your credit card or place an online order. Because you don't want to get to January and wonder where all your money went!
Cheers to a banging fourth quarter,
Not sure what it means to "do your books"? Need help creating a budget for your business so you don't overspend?
Click here for information about my Bookkeeping 101 course.
Danetha Doe (@danethadoe) is a business strategist and selected as one of the Top 40 under 40 accounting professionals in 2015 by CPA Practice Advisor.