Entrust Bookkeeping Solutions

Happy 1 Year Anniversary to Entrust!! Excited to debate our new logo!

Don't worry - I've got steps 2 through 10 handled when it comes to getting your bookkeeping in order!

Quit worrying about the nitty-gritty, technical parts of your bookkeeping and feel confident knowing you've got me on your team.

Click the link to learn more about how we can work together! https://calendly.com/entrustbks/discover-call

If you're ignoring your accountant's emails JUST because your bookkeeping isn't done, it's Intervention Time! 🧐

Tax time doesn't have to be the most stressful time of the year. You don't HAVE to worry about whether your bookkeeping is correct, if all your expenses are categorized, and if all your income is accounted for.

🔗 Click this link to QUIT stressing about your books! https://calendly.com/entrustbks/discover-call

💾 Save this post for the next time you've got the awkward task of following up on an unpaid invoice.

PLEASE don't be afraid to follow up on getting paid for your work - if you won't advocate for your business, who will?

When we work together, I want you to leave feeling empowered to:

📈 Draw conclusions from your numbers
📈 Make informed financial decisions
📈 Know your numbers
📈 Highlight areas for improvement
📈 Identify unnecessary expenses

Sign up for financial empowerment by scheduling a discovery call through this link! https://calendly.com/entrustbks/discover-call

It's time for Discovery Call Madlibs, you fill in the blanks!

Has it been an *unspeakable* amount of time since you've done your bookkeeping?

THAT'S OKAY!

Please don't let shame hold you back from getting your business back on track. I'm not here to judge you, and I can almost guarantee you I've seen worse!

Let's work together to make sure you never feel BAD about your bookkeeping again. 🤗

👩‍🏫 If I had to walk in to a kindergarten class tomorrow and explain financial statements, here's how I would do it!

No need to worry if you've got a great bookkeeper in your corner! 👋

Whether you're a sole proprietor, a partnership, or a type of corporation, your tax accountant is going to be requesting these financial reports:

→ Balance Sheet
→ Income Statement (or P&L)

Your bookkeeping needs to be fully completed through the tax year for these to be used on your tax return.

I've got 3 more spots for bookkeeping clients this month, find out more at the link in our bio!

Are cash flow problems killing your business?

It's time to take stock of your cash inflows (and cash outflows) and see where you can make improvements! 📈

Keep swiping through for tips on getting cash in your bank account FASTER and keeping it there LONGER 👉

Need someone to keep a pulse on your cashflow?

Send me a message or comment below to learn how we can work together.

"If I want it done right, I have to do it myself..." 😓

Those are the last words of an over-worked, burnt out solopreneur!

You don't HAVE to do it all alone. Let me hit you with another quote:

Teamwork makes the dream work!🤩

Listen, I want to help you make your business dreams come true! Let's free up the time you're spending on bookkeeping and get you back to doing what you love.

📌 Save this post to customize for when your team grows in 2023!

Do you have a go-to lunch spot that you take new employees? Let me know in the comments! 💬

Here's a behind-the-scenes look at what my clients say when we first start working together:

💸 I wasn't paying myself before, now I know I can afford too!

💸 I never accounted for my payment processing fees!

💸 I had no idea my business was making (or losing!) this much money!

💸 I didn't realize I hadn't been paid for that yet!

Just because you can DIY your bookkeeping doesn't mean you should... this is your sign to hire a bookkeeper!

It's *awkward* to tell your customers you're going to be charging them more! 💸

It's also a normal, necessary part of owning a business. Here are my tips to owning the awkwardness and charging your worth:

✔️ Communication with transparency + timeliness
✔️ Provide your reasoning
✔️ Reward loyal customers
✔️ Don't be afraid to cut your losses!

Swipe through for a deeper dive into those points, and remember, charge your worth and then add tax!💸

Consider these factors when choosing whether a bookkeeping software will meet the needs of your business 👇

Can you:

→ Connect your bank account
→ Add an accountant user
→ Invoice customers
→ Run financial reports
→ Create custom account categories
→ Accept customer payments
→ Manage bill payments
→ Create custom rules for repeat transactions
→ Process payroll

Message me if you need help choosing a bookkeeping software - I'd love to help!

*Pssst* this is the EASIEST (and most necessary!) way to start saving on your taxes. 💸

It's this simple...

Track your business expenses! I'm talking EVERY. SINGLE. ONE.

💸 You can't deduct something you didn't track. And less deductions → higher taxable income → higher taxes paid.

Let's chat about your tax accountant's job for a second!👇

They help prepare your taxes, keep your business in compliance with federal, state, and local tax laws, and provide tax planning services.

Aside from years of education and powerful software, they need SOMETHING else to do their jobs too...

They need great bookkeeping!

Your tax accountant can't provide you with their best possible service if you don't provide them with a clear set of bookkeeping records.

Let me work WITH your tax accountant to help your business reach it's greatest potential. 📈

Cost of goods sold is a confusing expense for a lot of business owners, and I commonly see incorrect costs being included!

Cost of goods sold should include the direct costs of producing your product or service. This includes costs like manufacturing, packaging, shipping, and direct labor.

Indirect costs like marketing, sales, office rent, and administrative labor shouldn't be included in your cost of goods sold.

Need help making sure your expenses are categorized correctly?

Comment below or send me a message to learn how we can work together.

Beware of this silent, business killer... SCOPE CREEP! 😱

To beat it, you've got to:

→ Define what's in-scope and
out-of-scope in your contract
→ Have a trusted referral partner for out-of-scope work
→ Increase prices for out-of-scope work
→ Communicate your boundaries politely + firmly

Don't feel bad about struggling with scope creep - every business owner does!

Here's how to find out EXACTLY what you need to charge to break even on your business:

☕ To keep things simple, I'm going to use the example of a coffee shop. Starting with fixed costs, it costs the shop $1,000/month to stay open regardless of whether they have any customers.

Next, we've got to find out the contribution margin per cup of coffee. If it costs $2 (variable costs) to make and sell a cup of coffee, and the store charges $6/cup, then the contribution margin is $6 - $2 = $4.

To find the shop's break-even point, you'll take your fixed costs ($1,000) and divide them by your contribution margin ($4) to get 250 cups of coffee needed to be sold by the shop to break-even on a monthly basis.

Need help calculating your break-even point? I'd be more than happy to help!

"Can I write that off?" - Every single one of my clients 💰

When it comes to tax deductions for business owners, the BEST way to ensure that an expense can be written off as a tax deduction is to ask your tax accountant who is familiar with your unique business!

With that being said... I've compiled a list of 75+ expenses that *could* be deductible for you to run by your tax accountant!

Want a copy? Send me a message to get yours today!

I wouldn't mind finding a few of these on my desk this month - what's your favorite Valentine's Day candy?!❤️

Kind of like an ex that won't let you meet their family... your balance sheet can throw up red flags too! 🚩

A bookkeeping error may not be the cause of all of these red flags, but each of these is worth looking in to to ensure you fully understand what your balance sheet is reporting about your business!

DID YOU KNOW...

You can create beautiful, custom invoices in Quickbooks Online to create a seamless end-to-end experience for your customers?

👉 Swipe through for my quick how-to guide!

Find this post helpful? Please hit that Like button to show me what type of content you like seeing on my page!

Ok, you could totally get on a treadmill too... but there aren't any other ways around knowing your numbers without doing your bookkeeping!

The beauty of bookkeeping (unlike the gym 🤣) is that you can pay someone to do it for you and get the same results!

Keep your New Year's resolution of getting your books in better shape, I'd love to help!

🚘 DON'T FORGET🚘

For those who deduct their mileage, the IRS changed the deduction rate halfway through the year!

From January 1 to June 30, the standard mileage deduction was 58.5 cents/mile.

From July 1 to December 31, the standard mileage deduction increased to 62.5 cents/mile.

Professional fees (like tax preparation or legal fees) are tax-deductible for businesses.

And guess what... your bookkeeping fee is a write-off!

It's a win-win-win! You don't have to worry about keeping up with your bookkeeping, you can feel CONFIDENT in your numbers, and you can decrease your taxable income.