5 Tips From A Bookkeeper for the DIY Entrepreneur


Can we talk about the elephant in the room?

That big, ugly, intimidating thing about being a business owner that we all want to pretend doesn’t exist? It hangs over our heads like a high school senior thesis that you know you have to do in order to graduate, but you procrastinate and procrastinate because it just seems too big and too overwhelming.

And the next thing you know, it’s the week before finals are due and you haven’t even started.

So now you’re rushing to slap together some haphazard research paper on “Stereotypes and the Portrayal of Italian-Americans in Media,” hoping that it doesn’t just sound like you're recalling a bunch of funny anecdotes about your childhood*. Wait, what were we talking about?

BOOKKEEPING. I’m talking about BOOKKEEPING.

Record-keeping, tracking financials, whatever you want to call it (except don’t call it accounting or tax preparation – it’s not quite the same….more on that later!)

The majority of us small business owners didn’t take the academic path to get where we are: like me, you probably didn’t take finance courses or get an MBA. You had a passion for your craft, and your business grew out of that.

We are the creative types.

We are not necessarily the mathematical, financial, or even Excel spreadsheet-competent types.

So, every time we hear that we’re supposed to be saving our receipts, reconciling our accounts, and sending in quarterly tax estimates, there’s this little wave of cold fear and guilt that washes through our gut. We metaphorically tiptoe backwards into the crowd and hope that no one notices that we have no idea what we’re doing.

The fear ends today.

Meet Victoria:

Bookkeeping tips for small business owners

Victoria is on board with us at *Spark* to take the mystery and fear out of the book-keeping process.

Victoria is a book-keeping pro and the Ladyboss of The Neat Keep, a cloud-based bookkeeping organization.

“My niche is female entrepreneurs, and I believe that a solid financial foundation is the key to a successful and thriving business.

I offer full-fledged bookkeeping services, but also training and set up services for business women who are just starting out and do not know the first thing about bookkeeping!”

I’ve asked Victoria to give us 5 simple concepts you can do to set your small business on the right path come next tax season. You can start right now with these 5 Tips From A Bookkeeper for the DIY Entrepreneur

5 Tips From A Bookkeeper for the DIY Entrepreneur

1. Have a system! I don’t really care if you write out every sale by hand on a poster board with glitter markers or if you pay thousands of dollars for high end, super sophisticated digital bookkeeping systems (OMG, will you PLEASE tag me in a pic of your glitter financials poster board?!) Pick something and get started. You can even start with a DIY free system and slowly convert to a paid system over time.

My suggestion to keep it simple for the DIY Bookkeeper is to either:

*Set up a spreadsheet in Excel – or start with our downloadable template.

or

*Use Wave Accounting, a FREE online program that helps you set up your bookkeeping, track sales, and send invoices. A lot of my clients have been really happy with it, especially for folks with Etsy shops, because it automatically synchs the sales from Etsy.