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What to Track in Your Books
Manage episode 408757691 series 3420908
Today, Shannon dives into the often overlooked aspect of bookkeeping - the customization and organization of accounts in QuickBooks Online. She shares valuable insights on how to create a chart of accounts tailored to your business, including tips on tracking income and expenses more effectively. As the episode unfolds, Shannon reveals key strategies for maximizing tax deductions and leveraging financial statements to make informed business decisions. Whether you're catching up on your books or looking to enhance your financial tracking, this episode provides practical advice for business owners at any level. So, grab a pen and paper as we delve into the world of bookkeeping and financial management.
What you'll hear in this episode:
03:14 Understanding Quickbooks chart of accounts and organization.
07:22 Detailed tracking should balance simplicity and value.
11:32 Organize expenses to see true profit.
If you like this episode, check out:
Taking Money Out of Your Business
How Publishing a Book Affects Your Taxes
Want to learn more so you can earn more?
Download the Money Pro Matchmaker tool here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
546 epizódok
Manage episode 408757691 series 3420908
Today, Shannon dives into the often overlooked aspect of bookkeeping - the customization and organization of accounts in QuickBooks Online. She shares valuable insights on how to create a chart of accounts tailored to your business, including tips on tracking income and expenses more effectively. As the episode unfolds, Shannon reveals key strategies for maximizing tax deductions and leveraging financial statements to make informed business decisions. Whether you're catching up on your books or looking to enhance your financial tracking, this episode provides practical advice for business owners at any level. So, grab a pen and paper as we delve into the world of bookkeeping and financial management.
What you'll hear in this episode:
03:14 Understanding Quickbooks chart of accounts and organization.
07:22 Detailed tracking should balance simplicity and value.
11:32 Organize expenses to see true profit.
If you like this episode, check out:
Taking Money Out of Your Business
How Publishing a Book Affects Your Taxes
Want to learn more so you can earn more?
Download the Money Pro Matchmaker tool here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
546 epizódok
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