Bookkeeping for beginners
Bookkeeping for beginners can be messy. Let me tell you, it doesn’t have to be that way! I started my own bookkeeping in 2016, when I became self-employed. Recently, I went from bookkeeping nightmare to bookkeeping pro. As soon as I realized how easy bookkeeping can be I wanted to share it here on my blog so you don’t have to go through the struggle like I did. Skip past the messiness that bookkeeping for beginners can be and jump right to pro, because anyone can do this!
personal bookkeeping for beginners
You might be thinking that personal bookkeeping requires an understanding of using spreadsheets. Maybe you’re worried that you need math skills, or maybe you’ve been doing your bookkeeping for awhile now, but it’s sucking the life out of you. Let me introduce you to Bookkeeping 101, which I wish someone would have explained to me from the get-go.
There’s two parts to bookkeeping 101. Firstly, you need a separate bank account for your checking and a separate credit card for your expenses. Why? Being self-employed means that you’re not getting a check as full/part-time employee, which means you pay yourself. For tax purposes, it’s important to divide your personal income/expenses from your business income/expenses and part of doing that means dividing your personal financing from your business financing.
Secondly, you can automate your bookkeeping for as cheap as $12 a month using an online platform called Quickbooks. I started using them in 2020 and I now do my monthly bookkeeping in 5 minutes. No joke! It used to take me hours.
Interested in Quickbooks? I’ve got a 50% off deal for you here. It’s 50% off for 3 months and they send us each a $50 gift card when you subscribe.
Bookkeeping services shouldn’t have to be expensive, especially when you can do them yourself in 5 minutes like I do with Quickbooks. So how does Quickbooks work?
- Connect your checking account and business credit card to Quickbooks
- Categorize your income and expenses at the click of a button
- Reconcile the data monthly
Literally, step two takes me a few minutes and step one takes me another two minutes. That’s it! I can’t believe I waited four years to automate my bookkeeping. I save myself from monthly headaches caused by hours of work from my old “system” of bookkeeping.
accounting and bookkeeping services
Accounting and bookkeeping services are so simple with Quickbooks because you do everything in one place. If you don’t have an accountant Quickbooks has a database to help you find an accountant near you.
online bookkeeping services
Using online bookkeeping services combined with creating a business checking account and business credit card will take your bookkeeping from complicated to easy-peasy. I wish I had known about this option earlier!
bookkeeping for online esl teachers
The reason I started with spreadsheets is because that’s what others advised when I researched bookkeeping for online ESL teachers. Someone provided me with a spreadsheet and I never researched any further. They say change doesn’t happen until you get to a certain point of frustration. After four years of fist-palming with spreadsheets I finally switched to Quickbooks and I’m so grateful I did.
Bookkeeping for independent contractors
Bookkeeping for independent contractors doesn’t have to be hard. You don’t need spreadsheets. What you need is a separate business checking and credit card, and quickbooks. Finish your bookkeeping in minutes with Quickbooks.
Independent contractor jobs
By the way, if you’re here as an independent contractor, I’ve got a suggestion if you’re seeking additional independent contractor jobs. I’m an online ESL teacher and this job isn’t just for professional, certified teachers. As long as you have a bachelor’s degree and have identification from the US or Canada, you can apply. If you’re interested, check out my page, Online Jobs for Teachers.