136: Bookkeeping for Beginners: 5 Pro Tips to Keep Your Business on Track

Drowning in receipts? Or just getting started? These bookkeeping for beginners pro tips will help you stay organized, avoid costly mistakes, and take control. Plus, I’ll share a free accounting tool I’ve used for years.
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Whether you're just starting out or you've been running your side hustle for a while but now find yourself staring down a heap of receipts and paperwork you’ve been avoiding, it’s time to take control. In this episode, Tanya Akimenko shares 5 pro bookkeeping tips to help you stay organized, avoid costly mistakes, and set your business up for success.
You'll learn:
- Why setting up a system from day one is crucial
- How to simplify bookkeeping so you actually stick with it
- The habit that makes reviewing your finances easy
- Why misclassifying expenses vs. assets can cost you big at tax time
- How to overcome the fear of numbers and gain confidence in your finances
Plus, I’ll share a free accounting software I’ve used for over two years and where to find it.
If bookkeeping has been a struggle, this episode will give you practical steps to make it easier.
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Need a little (and sometimes big) push to start and stay focused to grow your side hustle? Dive into my online Masterclass: How To Turn Your Thoughts Into Wanted Things.
For the full show notes head on over to the home of Side Hustle Hero. https://www.sidehustlehero.com/136
What You’ll Hear:
01:17 Why Not Just Toss It All In A Shoebox?
02:52 Know Thyself - Pick Your Best Time
03:41 Consider Doing Your Bookkeeping Once A Week
04:38 No-Cost Bookkeeping System
06:05 A Free Accounting Software Option
07:50 Set Up A System
11:01 Build A Habit - Put The Task On A Calendar
11:21 Don’t Fear The Numbers
11:46 Know Your Numbers And Set Financial Goals
15:02 Initially Tanya’s Side Hustle Ran At A Loss
17:53 Move to Something Rather Than Running Away from
19:01 Oftentimes Our Decisions Are Based On Emotions
22:39 Biggest Bookkeeping Mistake
25:28 Common Missed Expenses
26:26 Paying Yourself From Your Side Hustle
27:37 Segregate Tax You Collect Into A Separate Account
28:52 What To Do If You’ve Been “Avoiding” Bookkeeping
30:31 Building “Financial Freedom” Is A Habit
33:07 Strive To Have Your Passive Income Exceed Your Expenses
34:51 Tanya’s Best Tip
Wrap Up
35:49 Recapping Tanya’s 5 Pro Bookkeeping Tips
Connect with Tanya:
The Cheatsheet: Golden Apple Agency Inc
Connect with Joan:
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