JBaum Bookkeeping

I want to talk to the UT business owners who are starting to see their business profits slowly draining because there could be a common issue I see with owners and petty cash.

For example....

If an employee/coworker grabs a few dollars here and there for office supplies and other things, but it is not being recorded. That can leave your business without a paper trail; in turn, you can actually overpay for those items and be scratching your head at the same time about where some of that profit is going.

So a great tip that I can offer you today is to require a quick photo of a receipt in order to reimburse employees in the future and to also know where the profit is truly going.

And if you need some help taking a look at that or understanding the ins and outs of petty cash, we should connect to see if it's a good fit!

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗣𝗲𝘁𝘁𝘆𝗖𝗮𝘀𝗵 #𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴

Apps, we use them almost every day (if not every day! haha!), but we don't always think about searching for an app that might help with digitally tracking things for us to better our future when that time comes.

What time? Tax time!

There are a few apps that are highly recommended by people who have used them that can help you with tracking.

Dext, Hubdoc, or the well-known QuickBooks.

These can help you capture vendor details, total amounts, and dates/details from a photo.

So do something nice for yourself today by helping your future self!

And if you are feeling like you are not sure which app to get or feeling like "I'm already so far behind," I've got your back!

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗝𝗕𝗔𝗨𝗠 #𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗹𝘆𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴

Julie Baum = Determined to help you!

I love helping business owners with their books because when it's all cleaned up, the world looks brighter for them, and opportunities that they didn't have before come knocking on their door.

Witnessing that, that success, that growth.

It is truly incredible every time.

Where in my field numbers are everything, I want you to know that, to me, you are not just another number. You truly matter!

#𝗝𝗕𝗔𝗨𝗠𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 #𝗥𝗲𝗺𝗼𝘁𝗲𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 #𝗦𝗺𝗮𝗹𝗹𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗦𝘂𝗽𝗽𝗼𝗿𝘁

Think of your Chart of Accounts like labeled kitchen drawers. Creating new categories for one-off purchases is like putting forks in five different drawers.

When every tiny expense gets its own custom line, your financial reports become a little messy.

You miss broad spending patterns because the numbers sit scattered across dozens of random headers.

A clean setup keeps your reports clear and useful.

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗖𝗵𝗮𝗿𝘁𝗢𝗳𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 #𝗖𝗹𝗲𝗮𝗻𝗕𝗼𝗼𝗸𝘀

Reading financial statements can feel like deciphering code.

Think of your P&L statement like your monthly fitness tracker report. It logs all your calorie burns and intake over thirty days. Your balance sheet is standing on the bathroom scale right now. It shows your exact weight today.

Reading both lets you see your actual financial health instead of guessing based on your bank balance.

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗣𝗿𝗼𝗳𝗶𝘁𝗔𝗻𝗱𝗟𝗼𝘀𝘀 #𝗕𝗮𝗹𝗮𝗻𝗰𝗲𝗦𝗵𝗲𝗲𝘁

Guessing monthly expenses usually leads to overspending.

Think of a budget like a GPS route. Your actual bank numbers show where you drove off course.

Comparing projected costs against real receipts reveals hidden monthly leaks. You see bloated software subscriptions and vendor rate hikes early, keeping extra cash in your bank account instead of burning through profits.

Ready to gain total control over your business expenses?

Send me a DM today to get started!

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗦𝗺𝗮𝗹𝗹𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗙𝗶𝗻𝗮𝗻𝗰𝗲 #𝗕𝘂𝗱𝗴𝗲𝘁𝗶𝗻𝗴𝟭𝟬𝟭 #𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆

Unchecked bank accounts hide quiet mistakes.

Think of monthly reconciliation like checking your grocery receipt before walking out of the store. You check to ensure you were not charged twice for the same box of cereal.

Matching your accounts catches double-billed software subscriptions and vendor errors before your bank dispute window closes.

Want your books reconciled and accurate every month?

Send me a DM today to get started!!

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗕𝗮𝗻𝗸𝗥𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗶𝗮𝘁𝗶𝗼𝗻 #𝗦𝗺𝗮𝗹𝗹𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗙𝗶𝗻𝗮𝗻𝗰𝗲

Busy seasons feel great. Off-seasons? Not so much.

When revenue spikes, transfer 15% straight to a high-yield reserve account. Treat it like a fixed operating bill.

During slow months, use that buffer to cover core expenses. You stay stress-free without touching personal savings.

Need help building a cash reserve system for your business?

Send me a DM today and let’s set one up.

#𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴𝗧𝗶𝗽𝘀 #𝗖𝗮𝘀𝗵𝗙𝗹𝗼𝘄𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 #𝗦𝗺𝗮𝗹𝗹𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗙𝗶𝗻𝗮𝗻𝗰𝗲