001. What is Bookkeeping? Understanding the Boutique Bookkeeping Basics

I know the money-side of your boutique business can seem scary, but that’s just because it’s unknown! We’re gonna start this podcast off REAL simple and start with the basics that lay the foundation for helping make the money make sense - your bookkeeping. We’re going to look at what bookkeeping is, why it matters, and 3 practical things that you can start doing today to start making the money make sense.

 

Ready to take your learning a step further?

Register for my Free Masterclass, Make Your Money Make Sense! Where you’ll learn how to understand where your money is going, avoid costly bookkeeping mistakes, and set up an easy to follow bookkeeping system. 

Sign up now: www.findingfreedomfinancial.com/masterclass

 

Other Ways to Work With Me:

• Need to get your bookkeeping caught up or cleaned up? Sometimes you just need a clean starting point so you can take it over yourself. Apply to work with us at www.findingfreedomfinancial.com/contact and we'll get your books up to date and ready to hand off.
• Need some support as you do you own bookkeeping? Then I wanna invite you to join me inside of the Bookkeeping Made Simple for Boutiques Membership, where you can get trainings & support to help you feel confident as you manage the money-stuff yourself. Using Quickbooks Online, I walk you through through the exact setup & process you need to implement everything for accurate and EASY bookkeeping all year long - no more tax time scramble! Join us at www.findingfreedomfinancial.com/membership
• Are you a Shopify seller who’s not quite ready to invest in a bookkeeping software like Quickbooks? Don’t worry - I got you! I’ve created a custom Shopify Seller Income & Expense Tracker that you can use to easily enter each transaction coming in and out of your business, along with your sales data coming directly from Shopify to put together a standard P&L (Income Statement) that you can hand over to your tax preparer. Download your copy at www.findingfreedomfinancial.com/spreadsheet

 

Prefer to learn while you read? Check out the blog post for this episode:

https://findingfreedomfinancial.com/what-is-bookkeeping/

 

Related Episodes & Resources Mentioned:

Blog post on why how you categorize expenses doesn’t REALLY matter:

https://findingfreedomfinancial.com/23

Customized Bookkeeping Spreadsheet for Shopify Sellers:

www.findingfreedomfinancial.com/income-expense-spreadsheet