by Joyce M. Washington, CPA
This year has been filled with ups and downs but overall, it’s been a ton of fun. It’s been a long time since I’ve done a countdown post. Because I’m taking a bit of a hiatus from the podcast for the month of December, I thought it would be a great time to do one, just for fun. Who knows, it might become a thing…
I’m going to do the top 5, updating this post each Monday as we work our way through the month.
Let’s get the party started…
Number 5: Episode 02 – Fall In Love With Your Business…By The Numbers
One of my absolute favorite episodes because it’s more of a love letter and story about how I got back to doing what I love in my business…while providing a few lessons for others that find themselves in a similar rut.
Listen to the full episode here.
Number 4: Episode 014 – Getting Paid: How To Pay Yourself (Part One)
After encountering the “how to pay yourself” question more than a few times in various groups on Facebook and LinkedIn, I got around to doing a series of episodes to discuss the topic. This episode was created primarily for solopreneurs and single member LLCs business owners.
Listen to the full episode here.
Note: If you’re the owner of an S-Corp or a C-Corp… you can check out a similar episode here.
Number 3: Episode 016 – Bank Reconciliations: The What, When, & Why
The term “bank reconciliation” is a bit of a blanket term because it includes bank accounts, credit card accounts, lines of credit, etc.
The point is to reconcile or match your book balance to the balance of your bank, credit card provider, lender, etc. You get the drift.
This episode, I run through not only what it is but what to do, when to do it and why you should do it…so you’re doing more than just merely going through the motions.
Listen to the full episode here.
Number 2: Episode 009 – Bookkeeping Basics You Can’t Ignore
Bookkeeping can be boring and intimidating and a bit overwhelming, especially if you haven’t been keeping up with it throughout the year.
But guess what, it doesn’t have to be any of those things.
It can (and should be) a tool that you can use to plan and scale your business… sooner than later.
In this episode, I gave four quick tips to get you on board with bookkeeping. Just the basics to get you started and building a solid financial foundation.
Listen to the full episode here.
Number 1: Episode 029 – Messy Money Costs Money
Messy bookkeeping and accounting that has gone undone and unchecked for too long can cost you not only money but time and tax deductions.
The discussion of this episode centers around: a few ways that messy accounting is costly, some messy money lessons, the 6 steps to clean up your messy accounting records and a couple pro-tips to help you get it done.
Listen to the full episode here.
by Joyce M. Washington, CPA
Episode 033 – Planning That Makes Money
Success leaves clues…if you pay attention you can use your past to efficiently & effectively plan for your future. A future that makes sure that your business is as profitable as possible as soon as possible.
In this episode, I will run you through my planning process for the year and how I break it down to the quarter and months for optimal profits and time off.
Mentioned in this episode:
Thanks for listening…Don’t miss an episode, subscribe on: Anchor | iTunes | Spotify | Stitcher
by Joyce M. Washington, CPA
Episode 032 – Stop Hiring The Wrong People
This episode is a bit of a rant/what grinds my gears because I’m tired of seeing small business owners taken advantage of by so-called virtual bookkeepers.
What kicked this up for me was seeing a post about rules for a group that didn’t want there to be “negativity” in the group surrounding calling out inexperienced bookkeepers.
So in this episode, I run down why all of this bothers me, the ulterior motives of some group owners, why it’s hurtful to business owners and professionals…and what to do about it.
I also invite you to join the notification list for a rare sale that’s coming up for Black Friday (you can join here: thecommoncents.com/bootcamp)
Thanks for listening…Don’t miss an episode, subscribe on: Anchor | iTunes | Spotify | Stitcher
by Joyce M. Washington, CPA
Episode 031 – Coaching Vs Consulting
The difference between coaching vs consulting is subtle but there IS one…and it’s one that could make or break your business. I know it is dramatic but true.
That’s why we’re going to settle the debate between the two and give you a few clues as to who you need and when in your business.
Highlights of this episode:
- 01:47 The great debate between coaching & consulting
- 02:54 My grip/rant & soapbox
- 05:00 What is coaching? And the sports analogy
- 07:17 The good and the bad of the ease of entry into the field of coaching
- 08:38 What is consulting? And continuing the sports analogy
- 10:22 Who you may need to work with and when
Additional resources:
Thanks for listening…Don’t miss an episode, subscribe on: Anchor | iTunes | Spotify | Stitcher
by Joyce M. Washington, CPA
Episode 030 – Stop Fighting Profit First: Implementation Tips & Alternatives
Profit First is still a thing. Although the concept is easy enough to grasp, for some CEOs, implementation can be elusive.
In this episode, I walk you through if the Profit First system is right for you and your business, as well as – what it is (and isn’t), how to implement it, who it works best for, does it actually work…some alternatives and recommendations.
If you’d like to get my eyes on your business and get a personalized implementation plan, grab some time on my calendar by going to thecommoncents.com/consult
Highlights of this episode:
- 02:15 What Profit First is
- 06:29 What it is not
- 09:00 How can it be implemented with ease?
- 10:45 Some questions to contemplate before implementing this type of system
- 13:55 Who does Profit First work best for?
- 14:48 Does this system actually work?
- 16:00 A few alternatives to Profit First and recommendations
- 18:45 What to skip for now and what to do instead
- 21:19 How can you customize to your habits and business needs
- 26:00 Should you use a system like Profit First at all…
Additional resources:
Thanks for listening…Don’t miss an episode, subscribe on: Anchor | iTunes | Spotify | Stitcher
by Joyce M. Washington, CPA
Episode 029 – Messy Money Costs Money: Steps To Clean Up Your Accounting Records
Messy bookkeeping and accounting that has gone undone and unchecked for too long can cost you not only money but time and tax deductions.
If you’d like some assistance with tidying up your messy accounting records, schedule a consultation so that we can chat about how we can work together.
Highlights of this episode:
- 00:48 A few ways that messy accounting is costly
- 02:29 A Messy Money Horror Story
- 03:03 Messy Money Lesson #1 – never give complete control of your finances to your accountant/bookkeeper
- 05:29 Messy Money Lesson #2 – when outsourcing anything do NOT put your head in the sand, do NOT disappear – be present and available, participate in the process
- 07:42 The 6 Steps to Clean Up Your Messy Accounting Records + a couple pro-tips to help you get it done
Additional resources:
Thanks for listening…Don’t miss an episode, subscribe on: Anchor | iTunes | Spotify | Stitcher
