Bookkeeping for your business can be overwhelming, especially when you’re just starting out. It’s easy to forget some steps or make some oversights. That’s why we had a chat with Shelley Kasten from Not Just Numbers, a bookkeeping and accounting firm in Stafford, VA. Here’s a few of Shelley’s bookkeeping tips for beginners!
- Be careful with bank fees. In Quickbooks, if bank fees are flowing, that doesn’t necessarily mean your books are reconciled to the bank statement. Bank fees don’t always come through, so you could be missing a key expense. Make sure you cross check your bank statement with your bank statement balance to make sure everything matches up.
- Keep your fixed asset list outside of Quickbooks. You’ll need to use that list when you do your property tax form. Laptops, printers, and any piece of equipment used is a fixed asset.
- For small business owners who are doing bookkeeping themselves, schedule time weekly to take a look at the books. Doing a little at a time will keep everything from piling up and stressing you out in the long run.
- Accounting isn’t for everybody, it’s okay to ask for help! Everyone has different skills. Someone who is great at building websites (cough cough… like us) might not be able to figure out numbers. Everyone needs some help from time to time, so don’t be embarrassed to ask for it!
If you want more bookkeeping tips for beginners or find out what Shelley wanted to be when she grew up, check out the full interview below!