What Small Business Bookkeeping is Actually For

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Bookkeeping and accounting are topics that can intimidate and confuse a lot of entrepreneurs so in today’s episode, I’m deep diving into what bookkeeping really is and why you need it as a business owner. I’m also sharing who actually needs a complicated bookkeeping system and who can stick to something simple. 

Join me in this episode to get a quick lesson on bookkeeping and learn how you can stay ahead of the tax season as a creative entrepreneur. 

Also mentioned in today’s episode: 

  • Audited financials and what it means 3:24

  • Double-entry bookkeeping and why you probably don’t need complicated things 10:06

  • How to break out key categories in a tax return 17:19

  • Tracking things for your tax return that don’t get tracked in bookkeeping software 19:13

  • Why financial training is important 26:29

If you enjoyed this episode, please rate, review and share it! 

Links:

https://www.sunlighttax.com/deductionsguide

https://go.sunlighttax.com/free

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10 Reasons Self-Employed People Get Stuck with Money, and How to Fix It

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