048. Common Bookkeeping Mistakes You Don't Know You're Making

There are two common bookkeeping mistakes I see boutique owners make over and over when it comes to recording their sales data, and both of them can quietly throw off your entire financial picture. In this episode, I'm breaking down exactly what each mistake looks like, how to check if you're making one of them yourself, and I'm sharing the story of how fixing this exact issue helped one of my clients uncover $21,453.08 she didn't even know was missing.   Ready to take your learning a step further? Register for my Free Masterclass, Make Your Money Make Sense! Where you'll learn how to understand where your money is going, avoid costly bookkeeping mistakes, and set up an easy to follow bookkeeping system. Sign up now: www.findingfreedomfinancial.com/masterclass (https://www.findingfreedomfinancial.c...)   Other Ways to Work With Me: • Need to get your bookkeeping caught up or cleaned up? Sometimes you just need a clean starting point so you can take it over yourself. Apply to work with us at www.findingfreedomfinancial.com/contact (https://www.findingfreedomfinancial.c...) and we'll get your books up to date and ready to hand off. • Need some support as you do your own bookkeeping? Then I wanna invite you to join me inside of the Bookkeeping Made Simple for Boutiques Membership, where you can get trainings & support to help you feel confident as you manage the money-stuff yourself. Using QuickBooks Online, I walk you through the exact setup & process you need to implement everything for accurate and EASY bookkeeping all year long, no more tax time scramble! Join us at www.findingfreedomfinancial.com/membership (https://www.findingfreedomfinancial.c...) • Are you a Shopify seller who's not quite ready to invest in a bookkeeping software like QuickBooks? Don't worry, I got you! I've created a custom Shopify Seller Income & Expense Tracker that you can use to easily enter each transaction coming in and out of your business, along with your sales data coming directly from Shopify to put together a standard P&L (Income Statement) that you can hand over to your tax preparer. Download your copy at www.findingfreedomfinancial.com/spreadsheet (https://www.findingfreedomfinancial.c...)   Prefer to learn while you read? Check out the blog post for this episode: https://findingfreedomfinancial.com/c...   Related Episodes & Resources Mentioned: Boutique Bookkeeping Bootcamp (Sept 14-17): www.findingfreedomfinancial.com/bootcamp (https://www.findingfreedomfinancial.c...) Episode 047 | QuickBooks vs Excel Spreadsheet: Which Should You Use (https://pod.link/1831830735/episode/Y...) ? Episode mentioned in this episode, listen if you're still deciding between a spreadsheet and QuickBooks Ready to sign up for QuickBooks Online? Use my link: www.findingfreedomfinancial.com/qbo (https://www.findingfreedomfinancial.c...) (I may earn a small commission, at no extra cost to you.)