EP22: Am I Doing My Bookkeeper's Job?
From Chaos to Clarity: Unleash Your Business Potential
Release Date: 06/14/2024
Why Most Business Owners Get Year-End Reviews Wrong
From Chaos to Clarity: Unleash Your Business Potential
Summary: In this episode, Sonja Jones shares insights from her Campbell presentation, focusing on key metrics for business planning and growth. She discusses the importance of celebrating wins, understanding gross sales, and analyzing client growth and revenue. The conversation also covers lessons learned, goal setting for the future, and the significance of having a clear mission statement. Sonja emphasizes the need for visibility and consistency in business strategies as she looks ahead to 2025. Key Metrics and Financial Analysis: Celebrating wins is important to keep the team...
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Growth Hacking Your Business Finances with 5 Essential Steps
From Chaos to Clarity: Unleash Your Business Potential
In this episode of From Chaos to Clarity, Certified Money Coach and "Mr. Miyagi of Money" Sonia Jones guides entrepreneurs through the crucial process of year-end business planning. Discover how to celebrate wins, analyze sales, and leverage marketing insights to set yourself up for success in the new year. Sonia emphasizes the power of reflection: ● Begin by acknowledging your business wins, both big and small. "Anything over zero is a plus," she reminds us! ● Identify three key highlights and lessons learned from the past year, whether they stem from client interactions, market trends,...
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WARNING Don't File Your Business Taxes Without Knowing These Quarter 4 Secrets
From Chaos to Clarity: Unleash Your Business Potential
Is your business ready for tax season? This episode provides essential tips for entrepreneurs to organize their Quarter 4 business finances and prepare for the upcoming tax season! Learn about key tax deductions, common financial mistakes to avoid, and state compliance requirements to keep your business in good standing. Download the free Tax Prep Checklist to get started today! It's Quarter 4, and that means tax season is right around the corner! Are you feeling overwhelmed and unprepared? Don't worry! In this episode of From Chaos to Clarity: Unleash Your Business Potential podcast,...
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EP31: BOI Form Explained: What Every Business Owner Needs to Know
From Chaos to Clarity: Unleash Your Business Potential
Summary: In this episode, Sonja Jones discusses the Beneficial Ownership Information (BOI) form, which is a requirement under the Corporate Transparency Act. She addresses common misconceptions, filing requirements, deadlines, and answers frequently asked questions about the form. The episode aims to educate entrepreneurs on the importance of compliance and provides guidance on how to navigate the filing process effectively. Takeaways: The BOI form is essential for identifying business ownership. Filing the BOI form is free and can be done independently. The Corporate...
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EP30: How to Master the Entrepreneurial Pitch and Impress Investors with Nancy Brownlee
From Chaos to Clarity: Unleash Your Business Potential
Summary: In this episode of the From Chaos to Clarity podcast, Sonia Jones and Nancy Brown discuss the journey of entrepreneurship, focusing on the importance of financial management, pitching, and networking. Nancy shares her personal experiences with funding, the challenges of balancing a full-time job with entrepreneurship, and the critical elements of a successful pitch. The conversation emphasizes the need for entrepreneurs to understand their numbers and the expectations of investors, as well as the value of continuous practice and innovation in business. Takeaways: ...
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BONUS! H&L Living with VaShaunna Renee': Level Up Your Finances: LLCs, Bookkeeping & Tax Game with Sonja Jones
From Chaos to Clarity: Unleash Your Business Potential
In this episode of *H&L Living with Vashaunna Renee*, I sit down with Sonja Jones, owner of GIP Financials, to break down essential financial tips for entrepreneurs. We dive into the crucial steps for starting an LLC, how to maintain organized bookkeeping, insights on PPP Loans, and expert advice on keeping your finances in check for tax season. If you're an entrepreneur or thinking of starting a business, this episode is packed with practical guidance to help you manage your financial journey.
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BONUS! Good Neighbor Podcast with Skip Mauney: Unlocking Financial Success with GIP Financials' Sonja Jones
From Chaos to Clarity: Unleash Your Business Potential
What makes Sonja Jones with GIP Financials a good neighbor? In this enlightening episode of the Good Neighbor Podcast, we delve into the remarkable journey of Sonja Jones, a former music teacher who transitioned into a financial expert and now runs a remote bookkeeping firm in Memphis, Tennessee. This episode is a treasure trove of knowledge for anyone looking to improve their financial literacy and streamline their business operations. Sonja's firm, Get In Position (GIP) Financials, offers a suite of services including bookkeeping, tax preparation, funding assistance, and financial...
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EP29: How to Help Your Money Team with Latasha Phillips
From Chaos to Clarity: Unleash Your Business Potential
summary:In this episode, Sonja Jones and Latasha Phillips discuss the critical roles and responsibilities in business finance, emphasizing the importance of clear communication and defined expectations between entrepreneurs and their financial professionals. They explore common misconceptions about bookkeeping and tax preparation, the necessity of consulting with financial experts for major decisions, and the importance of compliance with state regulations. The conversation also highlights th...
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EP28: How to do Financial Compliance
From Chaos to Clarity: Unleash Your Business Potential
summary:In this episode, Sonja Jones discusses the importance of compliance for entrepreneurs. She covers monthly, quarterly, and annual tasks that entrepreneurs should be aware of. Monthly tasks include bookkeeping, reconciling bank accounts, and managing accounts payable and accounts receivable. Quarterly tasks involve reviewing income patterns and forecasting for the rest of the year. Annual tasks include filing tax returns, issuing W-2s and 1099s, and maintaining compliance for non-profit...
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EP27: Where to Find Budget-Friendly Bookkeeping
From Chaos to Clarity: Unleash Your Business Potential
summaryIn this conversation, Sonja Jones discusses ways to reduce bookkeeping expenses and access low-cost or free resources. She suggests consulting with an expert who offers free consultations and coming prepared with questions. Sonja also mentions outsourcing bookkeeping services through platforms like Fiverr and Upwork, but advises caution in ensuring expertise in US accounting practices. She recommends checking if accounting software offers live assistance or bookkeeping support. Sonja s...
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In this episode, Sonja Jones discusses the topic of whether or not a bookkeeper should be responsible for organizing receipts. She shares a story about a conversation she had with a cashier at a tire shop who asked her if she was doing her bookkeeper's job by organizing receipts. Sonja explains the role of a bookkeeper and emphasizes the importance of clear communication between the CEO and the bookkeeper. She also highlights the need for written contracts and the dangers of making assumptions about the services provided by tax preparers and bookkeepers.
Takeaways
- Bookkeepers are not just responsible for data entry, but also for analysis and organization of financial information.
- Clear communication between the CEO and the bookkeeper is crucial for a successful working relationship.
- Written contracts should outline the services provided by the bookkeeper and the expectations of the CEO.
- Assumptions should not be made about the services provided by tax preparers and bookkeepers.
- Bookkeepers rely on the CEO to inform them about income, expenses, and any changes to payroll and bill pay.
- Bookkeepers analyze financial reports to identify any abnormalities or cash flow issues.
Chapters
00:00 - Introduction and Background
01:35 - The Question: Am I Doing My Bookkeeper's Job?
07:51 - Avoiding Assumptions About Services
09:17 - The CEO's Responsibilities
13:31 - The Bookkeeper's Responsibilities
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