Bookkeeper to Business Owners: Benefit One

Okay, I’ll admit it. I’m jealous!

I’ve met a LOT of small business owners in Prior Lake, Savage, Shakopee, Jordan, Burnsville, and others in the past couple of months, and I’m jealous of them?

Why is that? Because many of them have very physical results to show off to the world. For example:

Bookkeeping? Eh....it’s difficult with numbers inside software! How can I capture “wow, I really feel better!” in a way I can post it to the world?

So I challenged myself to do just that!! Here’s a video to show off benefit one that business owners get with Travis Shepard Bookkeeping.

Check it out on the right, and I hope you enjoy!

Travis Shepard Bookkeeping gives you Peace of Mind!

Bookkeeper to Business Owners Benefit One

3 Bookkeeping Tips For Business Startups 

Take it from me, starting a business can be an exciting and challenging experience, but it's also important to make sure that your finances are in order. Bookkeeping can be a daunting task for any business, especially when you're just getting started. In this blog post, we'll explore three bookkeeping tips that can help new business owners manage their finances and stay on top of their  bookkeeping tasks. 

1. Make a plan for how you will pay yourself 

As a business owner, it's important to make a plan for how you will pay yourself. It can be easy  to get caught up in the day-to-day work of your business and neglect your own financial needs.  By making a plan for how you will pay yourself, you can ensure that you're able to cover your personal expenses and save for your future. This may include setting a salary for yourself, or taking a percentage of profits as a distribution. 

2. Set aside money to cover taxes 

One of the most important things you can do to stay financially stable as a business owner is to  set aside money to cover taxes. As a new business, it may be difficult to predict exactly how  much you'll owe in taxes, but setting aside a portion of your income can help ensure that you have enough money to cover your tax bill when it comes due. A good rule of thumb is to set aside at least 30% of your income for taxes.

As many of my business owner contacts have told me “Learn From The Mistakes of Others”

3. Find an accountant or bookkeeper who can help you manage your finances 

Starting a business can be overwhelming and it's important to have someone who can help you  manage your finances. An accountant or bookkeeper can help you navigate the financial  aspects of starting a business and can provide valuable advice on how to manage your finances.  They can help you with tasks such as creating a budget, managing your cash flow, and preparing  your taxes. This can save you a lot of time and stress, allowing you to focus on growing your  business. 

In conclusion, starting a business can be exciting, but it's important to stay on top of your  finances. By making a plan for how you will pay yourself, setting aside money to cover taxes,  and finding an accountant or bookkeeper who can help you manage your finances, you can  ensure that your finances are in order and that you're on the right track to success. Remember,  as a new business, it's important to be proactive about managing your finances and seeking  help when needed. With a little bit of effort and discipline, you can take control of your finances and focus on growing your business.

Travis Shepard Bookkeeping shares advice to get your business started!!

Reasons to outsource your bookkeeping 

Bookkeeping is an essential aspect of managing a business, but it can also be a time-consuming and complex task. For many businesses, outsourcing their bookkeeping to a professional can be a cost-effective and efficient solution. Here are some reasons why you may want to consider outsourcing your bookkeeping: 

1. You don't have the time to do it yourself: As a business owner, you already have a lot on your plate. Between managing employees, handling customer service, and working on  new projects, you may not have the time to devote to bookkeeping. Outsourcing your  bookkeeping to a professional can free up your time so that you can focus on other important aspects of your business. 

2. You're not familiar with bookkeeping procedures: Bookkeeping can be a complex task, and it's essential to have a thorough understanding of the procedures involved. If you're not familiar with bookkeeping, outsourcing to a professional can ensure that your books are accurate and in compliance with all relevant laws and regulations. 

3. It's a hassle to keep track of receipts and invoices: Keeping track of receipts and invoices can be a hassle, especially if you're not organized. Outsourcing your bookkeeping to a professional can take the burden of tracking receipts and invoices off your shoulders,  allowing you to focus on other aspects of your business. 

4. You don't have the accounting software or knowledge to do it yourself: Many businesses don't have the accounting software or knowledge to handle bookkeeping  tasks. Outsourcing your bookkeeping to a professional can ensure that you have access  to the necessary software and expertise to keep your books in order. 

5. It's cheaper and more efficient to outsource your bookkeeping: Outsourcing your bookkeeping can be more cost-effective than hiring an in-house bookkeeper.  Additionally, professional bookkeepers are experts in their field and can complete tasks more efficiently than someone who is not trained to handle bookkeeping tasks. 

In conclusion, outsourcing your bookkeeping can be a smart business decision for many companies. It can free up your time, ensure compliance with laws and regulations, take the hassle out of tracking receipts and invoices, provide the necessary software and knowledge and ultimately, it's cheaper and more efficient. By outsourcing your bookkeeping, you can focus on running your business and leave the bookkeeping to the experts.

Travis Shepard Bookkeeping handles your mountain of paperwork!!