102. What Clean Books Actually Look Like (And Why Yours Might Not Be as Clean as You Think)

30/09/2025 9 min Temporada 1 Episodio 102
102. What Clean Books Actually Look Like (And Why Yours Might Not Be as Clean as You Think)

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Episode Synopsis

In this episode, Erica talks through into the fundamentals of maintaining 'clean' business books. She explains what clean books should look like, the common issues that can arise, and how these issues can affect financial planning and tax reporting. Erica provides tips on identifying and rectifying issues such as inconsistent categorization, unreconciled balance sheets, uncategorized expenses, misreported owner distributions, and mixing personal and business expenses. She also offers actionable steps for consultants to take to ensure their books are accurate and useful.   00:00 Introduction to Consultants and Money 00:52 Understanding Clean Books 01:53 Signs Your Books Aren't Clean 04:38 Common Bookkeeping Mistakes 06:06 What Clean Books Look Like 07:20 Key Financial Reports 08:02 Steps to Fix Your Books 09:06 Conclusion and Final Tips www.EricaGoode.com ____________________ Connect with Erica | LinkedIn | Website | Newsletter