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Контент предоставлен Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
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231: Handling Uncleared Bookkeeping Transactions Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Business Owner, Or Self-Employed

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Manage episode 438039944 series 2840137
Контент предоставлен Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

Reconciling your accounts will make sure you have all your transactions accounted for each month, but when you have transactions that have not cleared the bank, you need to make sure you are taking care of these as well so that you don’t have incorrect data in your financial statements. It’s important to clean these items up in a timely manner so that you are not over or understating your net income for a specific period of time, and taking the time to clean these items up prior to the end of the year will help you prepare for your upcoming tax return. In today’s podcast episode, I cover what an uncleared transaction is as well as how to decide what you need to do to clean it up so that your financials are correct, especially if you find an uncleared transaction from a prior period that has already been closed or your tax return has already been filed. Some of these situations can get tricky, but it doesn’t matter if you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA, it is important to make sure you are following these processes to ensure your financial statements correctly reflect your income. These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…

Learn about the Under Pressure: Stress Management And Resilience Program here:

https://www.financialadventure.com/stress

Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week. Find out where you’d like to see yourself and your business in the future. We’ll create a laser-focused plan, including which action steps you need to take to get started on the path to success:

https://www.financialadventure.com/work-with-me

Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here:

https://www.financialadventure.com/accountant

Ready to set up your business? I have a program to help you get your business set up so that you can start making money. Sign up for this program here:

https://www.financialadventure.com/start

Are you ready to try coaching? Schedule an Introductory Coaching Session today. You’ll have the opportunity to see how you like coaching with an Introductory Coaching Session:

https://www.financialadventure.com/intro

Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for. Are you ready to generate revenues and increase the profit in your business:

https://www.financialadventure.com/profit

If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here:

https://www.financialadventure.com/sidehustle

Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:

https://www.financialadventure.com/5essentials

Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You:

https://www.financialadventure.com/starterguide

Join Our Facebook Community: https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique

The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration! You can learn more and sign up here:

https://www.financialadventure.com/sba

Looking for a payroll solution for your business? You can get an exclusive 15% discount on your payroll services when you sign up here:

https://www.financialadventure.com/adp

QuickBooks Online - Save 30% Your First 6 Months:

https://www.financialadventure.com/quickbooks

Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you:

https://www.financialadventure.com/discovery

Show Notes: https://www.financialadventure.com

This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

  continue reading

241 эпизодов

Artwork
iconПоделиться
 
Manage episode 438039944 series 2840137
Контент предоставлен Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

Reconciling your accounts will make sure you have all your transactions accounted for each month, but when you have transactions that have not cleared the bank, you need to make sure you are taking care of these as well so that you don’t have incorrect data in your financial statements. It’s important to clean these items up in a timely manner so that you are not over or understating your net income for a specific period of time, and taking the time to clean these items up prior to the end of the year will help you prepare for your upcoming tax return. In today’s podcast episode, I cover what an uncleared transaction is as well as how to decide what you need to do to clean it up so that your financials are correct, especially if you find an uncleared transaction from a prior period that has already been closed or your tax return has already been filed. Some of these situations can get tricky, but it doesn’t matter if you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA, it is important to make sure you are following these processes to ensure your financial statements correctly reflect your income. These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…

Learn about the Under Pressure: Stress Management And Resilience Program here:

https://www.financialadventure.com/stress

Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week. Find out where you’d like to see yourself and your business in the future. We’ll create a laser-focused plan, including which action steps you need to take to get started on the path to success:

https://www.financialadventure.com/work-with-me

Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here:

https://www.financialadventure.com/accountant

Ready to set up your business? I have a program to help you get your business set up so that you can start making money. Sign up for this program here:

https://www.financialadventure.com/start

Are you ready to try coaching? Schedule an Introductory Coaching Session today. You’ll have the opportunity to see how you like coaching with an Introductory Coaching Session:

https://www.financialadventure.com/intro

Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for. Are you ready to generate revenues and increase the profit in your business:

https://www.financialadventure.com/profit

If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here:

https://www.financialadventure.com/sidehustle

Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:

https://www.financialadventure.com/5essentials

Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You:

https://www.financialadventure.com/starterguide

Join Our Facebook Community: https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique

The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration! You can learn more and sign up here:

https://www.financialadventure.com/sba

Looking for a payroll solution for your business? You can get an exclusive 15% discount on your payroll services when you sign up here:

https://www.financialadventure.com/adp

QuickBooks Online - Save 30% Your First 6 Months:

https://www.financialadventure.com/quickbooks

Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you:

https://www.financialadventure.com/discovery

Show Notes: https://www.financialadventure.com

This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

  continue reading

241 эпизодов

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