Get Comfy with Numbers | Making Bookkeeping & QuickBooks Easy for Female Entrepreneurs, Bookkeeping for Small Business, Business Finance 101

Let me give you a quick update on BOI Reporting. Just this week there have been some developments in the news and it appears that fines will not be issued for not completing BOI reports. I'll keep you posted as new information is released.   OK today I'm sharing the most important money lessons I learned this year:   Lesson 1: Don’t Be Pressured into Making a Buying Decision Lesson 2: Don’t Buy Something Just Because It’s on Sale Lesson 3: Always Embrace Delayed Gratification. Purchases that you make for your business will have a bigger impact if you're primed to appreciate them! Lesson 4: I Spend Too Much. Notice where your overspending happens.  Lesson 5: Don’t Be Tight-Fisted About Money. Being generous in your business feels really good. So, just like with spending, remember moderation is key with saving and giving as well!   Here are the ways we can connect: Reach me: https://erikamillard.com/contact [https://erikamillard.com/contact] Learn: www.erikamillard.com [http://www.erikamillard.com/] Email: connect@erikamillard.com [connect@erikamillard.com] Instagram: @erika_millard [https://www.instagram.com/erika_millard/]   Mini Course- Get Comfy with Budgeting https://erikamillard.com/budget [https://erikamillard.com/budget]   Get Comfy with QuickBooks https://erikamillard.com/get-comfy-with-quickbooks [https://erikamillard.com/get-comfy-with-quickbooks]   Don’t forget to download the free Monthly Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist [https://erikamillard.com/bookkeeping-checklist]      Happy Bookkeeping!

By January 1st 2025 businesses need to submit their Beneficial Ownership Information in the form of a BOI report. This is part of an anti-money laundering effort by the Federal Crime Enforcement Network (FinCEN). Listen in to hear how this applies to you and whether you need to submit a BOI for your business. Basically businesses that are sole proprietorships do not need to file a BOI and businesses that are LLCs or S-corporations do need to file a BOI. Businesses that don’t comply by January 1st 2025 are potentially subject to penalties. You’ll need to provide the name, address, date of birth, and social security number or other identification of those with beneficial ownership of your business. Check to see if you need to comply with BOI requirements and seek professional guidance if you’re still not sure https://fincen.gov/ [https://fincen.gov/].   Here are the ways we can connect: Reach me: https://erikamillard.com/contact [https://erikamillard.com/contact] Learn: www.erikamillard.com [http://www.erikamillard.com/] Email: connect@erikamillard.com [connect@erikamillard.com] Instagram: @erika_millard [https://www.instagram.com/erika_millard/]   Mini Course- Get Comfy with Budgeting https://erikamillard.com/budget [https://erikamillard.com/budget]   Get Comfy with QuickBooks https://erikamillard.com/get-comfy-with-quickbooks [https://erikamillard.com/get-comfy-with-quickbooks]   Don’t forget to download the free Monthly Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist [https://erikamillard.com/bookkeeping-checklist]      Happy Bookkeeping!

Hey Bookkeeping Besties, 'tis the season to be thankful. Today I’m sharing my favorite money-saving and time-saving tools just in case you’re needing to bring in a little more efficiency and peace of mind in your business. I’m talking about how FloDesk has made email marketing less intimidating and more manageable. CODE: https://flodesk.com/c/YYA73L [https://flodesk.com/c/YYA73L] I’m sharing how ClickUp kept things from falling through the cracks. QuickBooks is my go-to for organizing finances, tracking income and expenses, and creating clear financial reports. Voxer is a voice messaging tool that’s faster than typing and more personal than an email. And, ChatGPT - Hear me out! Let this form of AI help you in the beginning stages of your writing. OK your turn. Did I miss anything? What tools are you grateful for in your own business?   Learn more about bookkeeping help from Erika here: https://erikamillard.com/ [https://erikamillard.com/]    Mini Course- Get Comfy with Budgeting https://erikamillard.com/budget [https://erikamillard.com/budget]   Get Comfy with QuickBooks https://erikamillard.com/get-comfy-with-quickbooks [https://erikamillard.com/get-comfy-with-quickbooks]   Don’t forget to download the free Monthly Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist [https://erikamillard.com/bookkeeping-checklist]    Using AI in QB Video Tutorial https://erikamillard.com/aiinqb [https://erikamillard.com/aiinqb]    Happy Bookkeeping!

Nagging feeling that something is off? Today I’ll give you a motivational push you need to clean up your books in your business! Why is it important for your books to be accurate? Whether it’s for decision making, tax preparation or financial planning purposes you want to base your actions on the truth. Even one small mistake can lead to hours of confusion later so let me help you: * Reconcile your books * Fix categorization eerros * Review open invoices and bills * Check for duplicate entries * Ensure all reports are accurate and up-to-date If you think, Erika “ain’t nobody got time for all that!” - I’m here to help! A clean-up can transform the way you view your business—and take away that bookkeeping stress for good.   LINKS Learn more about bookkeeping help from Erika here: https://erikamillard.com/ [https://erikamillard.com/]    Mini Course- Get Comfy with Budgeting https://erikamillard.com/budget [https://erikamillard.com/budget]   Get Comfy with QuickBooks https://erikamillard.com/get-comfy-with-quickbooks [https://erikamillard.com/get-comfy-with-quickbooks]   Don’t forget to download the free Monthly Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist [https://erikamillard.com/bookkeeping-checklist]    Using AI in QB Video Tutorial https://erikamillard.com/aiinqb [https://erikamillard.com/aiinqb]    Happy Bookkeeping!

Ditch the doubt and Embrace Your Inner CFO. Understanding business finances doesn’t require complex math. It’s more about understanding your story in numbers. Think of how you might check ingredients in a recipe; it’s just details that show what’s happening. Here are the Basics of What You Need to Know: * Revenue & Expenses: In plain terms, we’re talking money in and money out. * Profit: The reward and growth fuel for their business, which makes tracking it worthwhile. * Cash Flow: This is just about knowing you’ll have funds when you need them.   Practical Tips to Start Building Confidence in Your Numbers * Set a Regular ‘Money Date’ with yourself. * Use Friendly Tools like QuickBooks or other easy accounting platforms designed to make numbers less intimidating. * Ask for Help, someone like you helping them get “comfy” with their numbers. You’ve Got This! You are more than capable of understanding their numbers and thriving financially. Remind them that every small step they take to know their finances better is a win!    Learn more about bookkeeping help from Erika here: https://erikamillard.com/ [https://erikamillard.com/]    Mini Course- Get Comfy with Budgeting https://erikamillard.com/budget [https://erikamillard.com/budget]   Get Comfy with QuickBooks https://erikamillard.com/get-comfy-with-quickbooks [https://erikamillard.com/get-comfy-with-quickbooks]   Don’t forget to download the free Monthly Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist [https://erikamillard.com/bookkeeping-checklist]    Using AI in QB Video Tutorial https://erikamillard.com/aiinqb [https://erikamillard.com/aiinqb]    Happy Bookkeeping!