Bookkeeping tip! Project tracking can be tedious, but it makes for amazing custom reports and very in-depth ways to read your business' numbers. Food for thought!
Heard something neat from a weekly bookkeepers meetup for contracts:
In the event that the scope of work reasonably exceeds initial expectations based on the information provided, the service fee may be adjusted accordingly to reflect the additional work or services performed.
It's pretty important to reflect on why we do what we do. I love bookkeeping, and I know who I'm doing it for.
Colossians 3:23 "And whatever you do, do it heartily, as to the Lord and not to men".
Why do you love what you do? Let me know!
Record credit card purchases to the card account for that card, don't just record it as an expense.
Otherwise you double count and your books, and it'll get weird REAL fast.
If you only take one bookkeeping tip this week, please take this one!
Categorize your transactions weekly; you'll be so happy you did.
Weekly bookkeeping means you'll have fewer transactions to figure out, less to catch up on, and best of all, no month-end scramble.
Thank you!
I think about God often during the joys of life, such as this wonderful plate of sushi we had for dinner)
God is always there, and always ready to listen, so give thanks!
Ephesians 5:20 "giving thanks always for all things to God the Father in the name of our Lord Jesus Christ"
I find that dogs can be a good gauge for training methods. Relational training (like positive reinforcement) works so much better than just barking orders. Those kind of people have been my best supervisors in the past. Do you guys feel the same way? 😅
Sometimes the kiddo wants to see what's going on in a meeting. I personally don't mind. Honestly, it's a huge win in life when your kid can sit with you while you work.
Thank you for considering PaladinPure! Professional bookkeeping through very flexible packages.
Schedule your free conciliation today or use our PROFIT ESTIMATION CALCULATOR to see how much you'd save every month should you go with us.
Based in Denver, CO.
God bless! - Dmitri
You know what gets people in trouble in QuickBooks? setting everything to auto.
Bluntly, use rules to guide you, not replace you, let automation handle the repetitive stuff, but always keep an eye out for the curveballs.
So yeah, bank rules? Great.
Full autopilot? Dangerous.
Bookkeeping doesn’t just track expenses.
It exposes waste. 🗑️
Think about how easy it is for subscriptions to pile up:
📧 The software trial you forgot to cancel
☁️ The cloud storage you’re double-paying for
Bookkeeping isn’t just organization.
It’s a spotlight. 🔦
Ever opened up someone’s books that haven’t been touched in months? It’s crazy.
Sometimes you just roll up your sleeves and wrestle with the chaos. But when you finally reconcile it all and the reports click into place—that’s when the owner can breathe again… and so can you.
Ever wonder if that big purchase is an expense or an asset? 🤔
Expenses are gone immediately, lowers profit now.
Assets are something useful long-term, spread out (depreciation).
To make it really concise:
Expense is a short-term cost
Asset is a long-term investment
Let’s clear up the difference between Accounts Receivable (AR) and Accounts Payable (AP) in QuickBooks.
AR is the money you’re waiting to get paid, and AP is the money you’re waiting to pay out.
AR → money coming in 💵
AP → money going out 💸
I notice a lot of people think once they’ve gone through their bank feed and rightly categorize every transaction, they think the books are good to go.
Categorizing only tells you what something is. You need to reconcile too.
Books should be neat, but accurate. 📊