FIRST WRITE A FUN TITLE. EDIT IMAGE.
Most of this blog post comes from the book Unf*ck Your Biz.
USE HEADING TWO FOR MAIN HEADERS
We do bookkeeping for two reasons.
First, properly accounting for income and expenses in the correct accounts helps us file our taxes more easily. If we match our accounts to the categories on the tax forms, it's as easy as taking the total for that account and reporting it to the same category on the tax return. Also, if you get audited, you have to prove, or “substantiate,” your deductions. Bookkeeping is one way to do that. More on this substantiation BS later.
Second, our bookkeeping gives us key financial insights. Without solid data points, you may as well consult a Magic Eight Ball when making decisions. Our profit and loss statement (P&L for short) is where we gather this financial information.
USE HEADER THREE FOR SUB HEADERS
A profit and loss statement (P&L) is created by and for your company. It’s typically not submitted anywhere. The P&L shows a snapshot of income, expenses, and profit. Let’s take a look.
ADD IMAGES AS HELPFUL
We’ve got more posts
Want to learn more about sales tax? Check out these posts.
Be nosy, and snoop on my books. I know you want to.
Each month, on the podcast, I do a profit report. You can tune and actually access my bookkeeping to get a real-life view of how I break down my own numbers.
CALL OUTS
We can make these saved sections, but BEFORE we write the blog. Add the callout here as you want it designed. And then it’ll be easy peasy as it copies over. You can move it where you want it.
BOOKKEEPING BLUEPRINT
GET OUR BOOKKEEPING BASICS COURSE FOR $10. 🤯
WHAT’S NEXT…
I WROTE A WHOLE-ASS BOOK, AND
I never thought people would be jazzed about reading a book on law in tax, but the reviews are in! And most read something like "I read this whole book, and I didn't hate it, and now I know stuff.
But for real, it walks you through my full "Unf*ck Your Biz Framework" - something I created for my first course, which was $2,000 and saw over 70 graduates - and is like the A to Z guide to get you started.
UNF*CK YOUR BIZ, THE BOOK -
UNF*CK YOUR BIZ, THE BOOK -
“I never thought I would say I enjoyed reading a book on taxes, but I definitely did. Braden’s wit and spunk made this, often times, traumatic topic of taxes, actually really fun and enjoyable. He put into perspective the proper ways of filing your taxes, as well as covering if you should become an LLC, S Corp or sole proprietor, for small business owners. It was jam packed with knowledge and key tips that I have already put into effect in my own business! I’m so thankful that Braden has decided to share his knowledge and help us small business owners. Highly, highly recommend reading this book and getting your legal stuff figured out!”
- Kelsey, Owner of Kelsey Rae Designs
