Falling behind on bookkeeping can feel really overwhelming, but it’s okay – because with our team we can get you back on track! Whether you’ve put it off because you’re a busy business owner or you just don’t know how, the key is to break it down into steps. Instead of spending your time stressing, use these four simple tips to make your bookkeeping catch up easy.
1. Use Accounting Software and Connect Your Bank Accounts
To speed up the bookkeeping process, use accounting software that syncs with your bank. This allows transactions to be pulled in automatically, saving you hours of doing it yourself.
If your Seneca, SC business hasn’t made more than $15,000 this year, use WAVE, it’s our go to! A free bookkeeping software, or get QuickBooks.
2. Don’t Look at More Than One Month at a Time
Trying to categorize everything at once can be super overwhelming. Our tip is to try to use the filter button to look at one month at a time.
Bonus Tip: Filter your transactions so similar expenses appear next to each other—this makes it easier to categorize them.
3. Reconcile Your Account as Soon as You Finish Categorizing One Month
Don’t wait until the end of the year to reconcile! As soon as you finish categorizing one month, reconcile it immediately to ensure all transactions are accounted for and nothing is duplicated.
Reconcile. Reconcile. Reconcile. It’s one of the most important steps in maintaining accurate bookkeeping records for your business.
4. Stop Over-Complicating Your Bookkeeping
Your bookkeeping categories should be useful, not overly detailed. For example, if you spend money on travel, do you really need separate categories for plane tickets, Uber rides, and buses? Probably not. Instead, lump all of those expenses together.
Bookkeeping can be simple
Catching up on bookkeeping doesn’t have to be stressful. Whether you run a small business in Seneca, SC, or work remotely, these strategies can help you stay organized. By using the right tools, focusing on one month at a time, reconciling regularly, and keeping things simple, you’ll have your bookkeeping back on track in no time.
The key is to take it step by step and not let perfectionism slow you down—progress is what matters most!
