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Ep. 112 Cash Clarity: The Cost Of Not Having Your Books Set Up

Discover the pitfalls of postponing your “money thing” and how a proactive approach can save you from expense, risk, and mental sabotage.

If you’re a female entrepreneur itching for money wins sans lifestyle sacrifices, this quick tip is your goldmine!

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The Cost Of Not Having Your Books Set Up

This is the Your Money Your Life podcast, Cash Clarity edition, where you get a micro money tip so you can get the money when in five minutes or less.

I’m your host Aimee Cerka after over 10 years in the personal finance industry, and multiple personal financial and medical crisis, I was fed up with the lies that are being shouted from the rooftops, by the gurus and the media. So now I make money simple so that you have the confidence that you need to handle the money thing without sacrificing your lifestyle. If you’re a female entrepreneur who wants to make more money and are ready to eliminate fear, stress, struggle, frustration and guilt, from your finances, in all the areas that they affect. You’re in the right place. Welcome. I’m so glad you’re here.

By waiting to figure out the money thing, you are exposing yourself to three major problems. Let’s talk about what those are today. We haven’t met yet. My name is Aimee Cerka.

Defining the Money Thing

I’m your go to Money Confidence Coach for making money simple. With straight to the point strategies and every single video, you’re going to get one action step to implement so that you can make more money in less time. So what are the three major things by not figuring out the money thing?

Let’s explain what the money thing is first, right? By having your QuickBooks, your bookkeeping software, whatever that might be on the business side. But we also have the personal side as well, that you have to take care of, which is, “figuring out the money thing”, which we can get into those technicals on another day.

But by waiting, because I hear this all the time, like, that’ll be fine. I’m going to take care of this when I hit this income goal that I have to worry about QuickBooks, or you shouldn’t have to have QuickBooks setup if you’re not profitable, like totally wrong. And here’s the three major things that you are exposing yourself to by not doing that.

Expense Alert

Okay, first of all, it’s expensive, right? Because you’re not keeping track of what you’re spending money on. So there can be fraudulent charges you’re missing. Most often when I see though, is like there’s duplicate charges that were missing, maybe you have things that you’re paying for that you’ve forgotten that you’re paying for, or that you miss that you’re paid for, or they accidentally double charged you and you miss all of that by not taking care of the money thing, right.

Risky Business

The second thing is, it’s risky. There are so many tax advantages to having the setup correctly. Now, I’m an Excel spreadsheet junkie, I love Excel.

But having your books for your business setup, and just an Excel spreadsheet is asking for trouble if you were ever to be audited, which I know is like the scary word. Nobody wants that. If you were to ever be audited, you already lose credibility by using an Excel spreadsheet versus something that’s reputable and has like, this is what this software is designed for, like QuickBooks, there are others out there, but I do find QuickBooks to be the best.

Mental Sabotage

And then we can talk about like the mental sabotage that happens because you’re not as confident because you know that you’re not set up the way that you need to be right like you know that you’re not taking care of where you need to be. And what I found is there’s four main areas that people make mistakes in setting up their QuickBooks, and there’s errors in their QuickBooks, and there’s four main areas that happens.

The Perfect Time to Act

If you want me to show you what those four main areas are, make sure to drop a line below and I will get that to you and Messenger. It’s not too late. This is actually the perfect time to start working on your books now, before tax season even arrives, because we know that’s when the stress hits. So make sure to drop me a line below and I’ll share with you those four main areas that I see mistakes happen in your QuickBooks, and we’ll talk to you next time. Bye for now.

This episode originally aired on YouTube, but don’t worry, all the resources and support options mentioned are hanging out in the show notes for you. And of course if you have any questions, please reach out to me @aimeecerka on Instagram and that link is below as well.

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Aimee Cerka
Aimee Cerka

The Money Confidence Coach - She helps motivated women, like you create the happiness, family life, financial security, and long-term wealth they deserve. Create unstoppable finances so that when the next curveball is thrown your way... You're prepared. Click Here to Learn More

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