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Should I be doing my own bookkeeping and accounting? Is QuickBooks the best software for me to use in my business, or is there another accounting software I should be using? What’s the best way for me to process my payroll? How can I track my money and cash flow? How do I prepare for my business taxes? What do my financial statements really mean? How can I bring my business to the next level? How can I grow my business? What is the best way to create my business strategy? Should I start a side hustle? How can I add bookkeeping as an additional service as a Virtual Assistant? How can I start an online virtual bookkeeping business? And most importantly, how do I manage my small business finances? Welcome to Mastering Your Small Business Finances where we get straight to the point and answer all these questions and more. Each episode is designed for you to take IMMEDIATE ACTION in your business so that you, as a busy entrepreneur, can gain the CONFIDENCE and CLARITY you need to make a successful impact on your business and GROW YOUR BOTTOM LINE. Each week, host Chris Panek, Certified Public Accountant, Business Strategist and Business Coach, breaks down topics like finances, entrepreneurship, money management, leadership, bookkeeping, tax deductions, growth, side hustle, marketing, mindset and motivation into simple JARGON-FREE episodes. One of her strengths is helping small business owners navigate and really understand these complicated topics for over 25 years. Whether you are just starting your business or have an established business, you are in the right place. If you are a bookkeeper or virtual assistant who wants to learn more about business finances to start, grow or scale your bookkeeping business, you too will benefit from this podcast. Ready to Master Your Small Business Finances? Listen in ~ your time will be well spent here! This podcast is sponsored by Financial Adventure. Visit www.FinancialAdventure.com for additional information and free resources.
Episodes
Wednesday Feb 24, 2021
Wednesday Feb 24, 2021
When you own your own business, you know how quickly the paperwork can start to pile up. It’s great to have processes in place to make sure you are handling all the day to day tasks, but once you tackle those obligations, what do you need to do with the documentation? This is where record retention policies for your small business are valuable. Once you set up these policies, you as a solopreneur, small business owner, virtual online bookkeeping business owner or virtual assistant can easily find the answers you are looking for. Should you keep a particular document, or is it okay to destroy it? How long do you need to keep documents? Are some documents more important to your small business than others? Is there a way to retain documents in QuickBooks? And, does it matter if you store your records electronically or in hard copy? In today’s episode, we are diving into each of these questions and more. If you feel like you are swimming in an ocean of paperwork and want to finally find out what you should be doing to get in control of all of it, listen in and before you know it, you’ll have your policies set up and you’ll know exactly where to put your documents so you can find them easily and how long you need to keep them.
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
QuickBooks Online - Save 50% Your First 3 Months:
www.FinancialAdventure.com/QuickBooks
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Feb 17, 2021
Wednesday Feb 17, 2021
Owning your own business can be stressful enough with all the tasks of running your own business, but also taking into consideration your small business finances can easily push you over the limit for keeping your cool. Even if you enjoy what you are doing, feeling overwhelmed can happen so suddenly and it isn’t good for anyone. Today we are going over a few tips to ensure you don’t slip into having feelings of overwhelm in your small business, because we know when this happens, you start to procrastinate, and those feelings just start to snowball into more and more overwhelm and it is difficult to make good business decisions. Listen in today and find out what you as a small business owner, an online virtual bookkeeper, virtual assistant or solopreneur can do as soon as you start to feel stressed or overwhelmed from managing all the roles of owning a business so that you can successfully follow through with your small business finances as well as other important areas of your small business.
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
QuickBooks Online - Save 50% Your First 3 Months:
www.FinancialAdventure.com/QuickBooks
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Feb 10, 2021
Wednesday Feb 10, 2021
If you are like most small business owners, online virtual bookkeepers or virtual assistants, you set some amazing goals at the beginning of the year. More than likely one of these goals covered your business finances and bookkeeping, that’s why you are here, right? In today’s episode, we are diving into what you need to do RIGHT NOW to make sure you stay true to your goals. Listen in as we talk about bookkeeping consistency. We’ll also be talking about why now is a great time to start using QuickBooks Online if you are looking for a computerized software solution. You don’t want to miss the one thing you can do to stay on track with your bookkeeping this year.
Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Feb 03, 2021
Wednesday Feb 03, 2021
Believe it or not, if you are doing your own bookkeeping you have a chart of accounts. If you are using an Excel spreadsheet, QuickBooks or another system to record your bookkeeping, you will have a chart of accounts. You may just have a list of accounts you use periodically, but this is your actual chart of accounts. Whether you are a small business owner, a virtual online bookkeeper or a virtual assistant doing bookkeeping, you will use a chart of accounts when doing your bookkeeping. Today we are jumping into what your chart of accounts is, how you should maintain it and why it even matters to your small business. We’re breaking down each part of your chart of accounts and discussing what each section means as well as how you should be recording your transactions. If you struggle with this in your business, I promise after this podcast you will gain more confidence and will find you have one less reason you hold off on doing your bookkeeping on a consistent basis. I want to give you all the tools to make sure you understand your business finances and that they are up to date so that you have accurate information to make smart business decisions. Listen in as we clear all the confusion around your chart of accounts and what each account really means…
Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community and View Our Sample Chart of Accounts: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Jan 27, 2021
Wednesday Jan 27, 2021
Understanding the difference between revenue and profit is crucial to a business’s success. They both show up on your income statement or profit and loss report, but they are very different numbers. Whether you are a small business owner or have an online virtual bookkeeping business, you’ll want to listen in today as we talk about what these differences are and why you need to know what each one represents. This is extremely important when looking at the new PPP Loan Second Draw qualifications. If you are a small business owner or if you are an online virtual bookkeeper, you need to know the difference so that you can make smart business decisions. Do not miss today’s episode especially if you are considering the PPP Loan Second Draw…
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Friday Jan 22, 2021
Friday Jan 22, 2021
When you are a small business owner or bookkeeper recording transactions in QuickBooks Desktop or QuickBooks Online, it can be very easy to accidentally enter the wrong date…especially if you are recording a lot of transactions from the past or catching up on your bookkeeping. To make sure you don’t record any entries in a period that has already been closed, be sure to follow these steps to maintain the accuracy of your previously prepared financial statements. This is a tip I tell my clients about and many of them didn’t know this was available. They absolutely love it and it prevents them from entering incorrect dates. You don’t want to be entering a date in an incorrect period…especially if the tax return for that entity has already been filed for that time frame. Grab a notebook and listen in, I’m giving you all the details on setting a closing date in QuickBooks Desktop and QuickBooks Online…
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Jan 20, 2021
Wednesday Jan 20, 2021
The need for bookkeepers for small businesses has really grown and the way business owners look at outsourcing their bookkeeping has changed over this last year. In today’s episode, I’ll be diving into why I feel this year is the best year to start an online virtual bookkeeping business. If you are a small business owner, you’ll find this episode helpful if you are looking to outsource your bookkeeping. There are so many reasons why I feel starting an online virtual bookkeeping business this year is in your favor. If you are either a virtual assistant looking to add bookkeeping to your current list of services, someone looking to add an additional income stream to what you are currently making, you are working a 9 to 5 and are looking for a change, or if you are just thinking this year is the year you should start your own business, listen in and find out the reasons I feel this year is the best year to take the leap and grow a successful online virtual bookkeeping business…
I am opening up a few mentorship and consulting sessions to help you start and grow your bookkeeping business. If you are interested in starting an online virtual bookkeeping business, this mentorship and consulting process will help you launch your business and get your first client. If you already have an existing bookkeeping business, these sessions will help you to move your business to the next level, and if you are a virtual assistant who wants to add bookkeeping to the list of services you currently offer, I can help you expedite the process and make sure you are taking advantage of all the best strategies to reach your goals. Go to www.FinancialAdventure.com/Discovery and we’ll set up a time that works for you.
If you are just getting started and you’re ready to set up your online virtual bookkeeping business, I created the Online Virtual Bookkeeping Business Starter Guide. You can grab this free and detailed checklist to get you on track and go over what you need to set up your online virtual bookkeeping business so that you can learn the fastest way to start making money from the very beginning at www.FinancialAdventure.com/StarterGuide
Sign up for a FREE Discovery Call to go over your unique business start-up:
www.FinancialAdventure.com/Discovery
Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:
www.FinancialAdventure.com/StarterGuide
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Jan 13, 2021
Wednesday Jan 13, 2021
Are you a bookkeeper, virtual assistant, VA or small business owner who needs to close out the end of the year for your bookkeeping? Have you felt intimidated hearing about others closing the books and you wondered if you were missing out on something? Today we are going to walk you through a normal year end close of the books. If you are using a computerized software like QuickBooks it is easier than ever if you follow this step-by-step process. Are you stressing a little since you’ve never closed the books before? Not to worry…we’re here to help. Listen in and get all the details…
If you have questions about closing the books for your business, or if you’re a virtual assistant and you would like to learn more about how you could add an additional income stream to your business by offering bookkeeping as an additional service to small business owners, please feel free to contact me to set up a strategy session. You can email me at Info@FinancialAdventure.com and I will personally respond to any email messages you send.
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources
Wednesday Jan 06, 2021
Wednesday Jan 06, 2021
Happy New Year! In today’s episode, we talk about the importance of choosing a word of the year for your small business. Unlike setting a New Year’s resolution, this word will help you focus on exactly where you want your business to go. You should apply your word to EVERYTHING you do in your business. Apply it to your sales, your purchases, your marketing, your employees, your new business ideas…the list could go on and on. We are going over the 4 steps for you to successfully choose the word that will bring your small business the most success. I have a free gift to help you get started that is geared specifically toward small businesses, so listen in and let’s get started choosing your small business word of the year.
Get your New Year’s gift here:
www.FinancialAdventure.com/Word
Limited time enrollment is now open for our Bookkeeping Basics course:
www.FinancialAdventure.com/BookkeepingBasics
Join our upcoming MASTERCLASS ~ 7 Mistakes To Avoid In Your Small Business
www.FinancialAdventure.com/Mistakes
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
Wednesday Dec 30, 2020
Wednesday Dec 30, 2020
Today we are going over how the new stimulus package, PPP loan guidance and the government appropriation provisions will impact your small business. There is a lot going on in this bill – it’s actually over 5000 pages, but I am breaking it down into bite sized pieces so you know exactly what you need to do in your small business. There’s even some good news about the business meals deduction you are NOT going to want to miss. Start your 2021 year off right, and listen in to find out more about how this new bill will impact you and your small business.
Start your 2021 bookkeeping off right and register for our Bookkeeping Basics course:
www.FinancialAdventure.com/BookkeepingBasics
Join our upcoming MASTERCLASS ~ 7 Mistakes To Avoid In Your Small Business
www.FinancialAdventure.com/Mistakes
Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:
www.FinancialAdventure.com/5Essentials
Join Our Facebook Community: www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique
Show Notes: www.FinancialAdventure.com
This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources