Whether you’ve been in business for 15 years or you’ve just started, consider taking a fresh look at how you are handling your finances. If this list describes you, it might be time to try something different:
You procrastinate or freeze every time you think about numbers
You have a basic system in place but you’re never sure if you’re doing it right
You’re playing “whack-a-mole” with issues that come up but don’t have a grasp on your finances as a whole
You spend A LOT of time troubleshooting and researching your current system
You’re pretty sure you’ve missed out on tax deductions this year
You can’t tell how much you’ve paid yourself this year
You spend a lot of time on manual tasks that could be automated
You use a few different softwares but don’t know how to connect them all (like 17hats, Honeybooks, Shootproof, Acuity, etc.)
You are mixing business and personal money
You make a lot of money but can’t figure out where it went
You wish you had a big picture of money coming in and out of the business
Thinking about your finances keeps you up at night
Maybe you can relate to some or all of these things. So what’s next? First, try your best to work with your current system so that you can really evaluate where you need the most help. Start with making sure you’re doing these essential tasks.
Talking with a bookkeeping professional is another great move. They can help you get back on track and give you tips for making sure your books are accurate and up-to-date.
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Tanya is the owner of Tidy Books - a bookkeeping firm that works exclusively with photographers and freelancers. She “gets” photographers and loves to support them with their finances so they can focus on their strengths and grow their business. She specializes in helping to maximize Quickbooks and getting the bookkeeping weight off of the shoulders of business owners.