𝟱 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗧𝗶𝗽𝘀 𝗳𝗼𝗿 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗢𝘄𝗻𝗲𝗿𝘀 Do you find your finances taxing? 👋 Managing your business finances doesn't have to be overwhelming. Here are 5 essential accounting tips to help you stay on top of your game. Let's dive in! 📊💼 𝗞𝗲𝗲𝗽 𝗜𝘁 𝗦𝗲𝗽𝗮𝗿𝗮𝘁𝗲: 🚫💰 Separate your personal and business finances. Open a dedicated business bank account to track income and expenses easily. This keeps things organised and makes tax time a breeze! 💳💵 𝗦𝘁𝗮𝘆 𝗢𝗿𝗴𝗮𝗻𝗶𝘀𝗲𝗱: 🗂️✅ Keep all your receipts and invoices in one place. Whether it's digital or physical, having a system in place helps you stay organised and ensures you don't miss any deductible expenses. 🧾💼 𝗧𝗿𝗮𝗰𝗸 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴: 📝📈 Record all transactions, big or small. This includes sales, purchases, and expenses. Tracking everything gives you a clear picture of your business's financial health and helps in making informed decisions. 💵💻 𝗞𝗻𝗼𝘄 𝗬𝗼𝘂𝗿 𝗡𝘂𝗺𝗯𝗲𝗿𝘀: 📊🔍 Regularly review your financial reports. Understand your profit and loss, cash flow, and balance sheet. This insight guides you in planning for the future and identifying areas for improvement. 📉💡 𝗦𝗲𝗲𝗸 𝗛𝗲𝗹𝗽 𝗪𝗵𝗲𝗻 𝗡𝗲𝗲𝗱𝗲𝗱: 🆘👩💼 Don't hesitate to consult with a small business accountant. They can provide valuable advice, help with tax planning, and ensure your financial records are in good shape. It's an investment in the success of your business! 💼💭 Remember, good accounting practices are the foundation of a successful business. By following these tips, you'll be well-equipped to manage your finances and make informed decisions for your business. 🌟💰 Got any accounting tips? Drop them in the comments below to share! 📩💬
Harriet Ilott Coaching
Professional Training and Coaching
Somerton, England 63 followers
Helping Entrepreneurs Regain Control Over Their Operations and Finances, Resulting in Significant Time and Money Savings
About us
Helping Mums 👩👦👦 Start A Business Around A Hectic Family, Use Knowledge & Tech to Keep Admin Minimal & To Get Back the YOU ✨ Spark ✨
- Industry
- Professional Training and Coaching
- Company size
- 1 employee
- Headquarters
- Somerton, England
- Type
- Self-Owned
- Founded
- 2023
- Specialties
- Business Coaching, Financial Coaching, and Small Business Accounting
Locations
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Primary
21 Etsome Terrace
Somerton, England TA11 6LD, GB
Employees at Harriet Ilott Coaching
Updates
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Finding Daily Alone Time and Self-Care Moments #FinancialSuccess #SolopreneurSuccessSociety https://lnkd.in/evnpVYBW
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Comment 'ESSENTIAL' below to let me know ⬇️ #FinancialSuccess #SolopreneurSuccessSociety
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🙋♀️Do You Embrace the Power of Questions? 🤔💪 #FinancialSuccess #SolopreneurSuccessSociety
Do You Embrace the Power of Questions?
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🧘♀️ 𝐅𝐢𝐧𝐝𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐖𝐨𝐫𝐤-𝐋𝐢𝐟𝐞 𝐁𝐚𝐥𝐚𝐧𝐜𝐞: 𝐈𝐭'𝐬 𝐏𝐨𝐬𝐬𝐢𝐛𝐥𝐞! 💪🏼 #FinancialSuccess #SolopreneurSuccessSociety
Finding Your Work-Life Balance: It's Possible
Harriet Ilott Coaching on LinkedIn
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Comment 'PROSPEROUS' below to let me know ⬇️ #FinancialSuccess #SolopreneurSuccessSociety
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A Company or A Sole Trader? 🤔💼 #FinancialSuccess #SolopreneurSuccessSociety
A Company or A Sole Trader?
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🖥️ Finding the Perfect Software for Your Business: Get it Right from the Start! 💪 #FinancialSuccess #SolopreneurSuccessSociety https://lnkd.in/esBa_NCM
Finding the Perfect Software for Your Business
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