Effective Ways to Save and Make Money Through Bookkeeping
Monitoring Expensesย
Did you know that good bookkeeping can help you both make – and save – money?ย 
Itโs true! And hereโs 4 of my favorite profit-increasing bookkeeping tips you can start using today:
(๐ญ) ๐๐จ๐๐๐ง ๐ฌ๐ข๐จ๐ฅ ๐๐ซ๐ฃ๐๐ก๐ฆ๐๐ฆ
Expenses billed as subscriptions are especially sneaky!
Take a minute to ๐ฟ๐๐ป ๐ฎ๐ป ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ ๐ฝ๐ฎ๐๐ฎ๐ฏ๐น๐ฒ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ spanning the last 3-6 months.ย Then cancel anything you arenโt using anymore (or downgrade to a cheaper and more limited version).ย You could save hundreds โ or thousands! โ a year.
(Btw โ did you know there are apps that help you track recurring expenses, and even cancel them on your behalf?? I attached an article in the comments 
with links to a few apps like this!)
Track and Manage Subscriptions With These Apps | Saving and Budgeting | US News
(๐ฎ) ๐ฅ๐จ๐ก ๐๐ก ๐๐๐๐ข๐จ๐ก๐ง๐ฆ ๐ฅ๐๐๐๐๐ฉ๐๐๐๐ ๐ฅ๐๐ฃ๐ข๐ฅ๐ง
How many clients do you currently have? 5? 50? And how many invoices do you send every month? Hereโs my point โ itโs hard to stay on top of past due invoices AND keep up with the rest of your business.
Instead of relying on your memory (or just forgetting altogether), once a month ๐ฟ๐๐ป ๐ฎ๐ป ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ ๐ฟ๐ฒ๐ฐ๐ฒ๐ถ๐๐ฎ๐ฏ๐น๐ฒ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ and make sure to send reminders for anything 30 days past due (or more)
(๐ฏ) ๐๐จ๐ง๐ข๐ ๐๐ง๐ ๐ฅ๐๐ ๐๐ก๐๐๐ฅ๐ฆ + ๐๐๐ง๐ ๐๐๐๐ฆ
Speaking of reminders โฆ did you know that you can automate scheduled reminder emails to clients through financial software tools like QuickBooks Online?ย You can even automatically add late fee charges, too!
(๐ฐ) ๐๐จ๐ง๐ข๐ ๐๐ง๐ ๐ฌ๐ข๐จ๐ฅ ๐ฉ๐๐ก๐๐ข๐ฅ ๐๐๐๐ ๐ฃ๐๐ฌ๐ ๐๐ก๐ง๐ฆ
Whatโs the typical late fee for the vendor bills you pay? 3%? (Keep in mind โ 3% of a $2,000 bill is $60 dollars that you didnโt have to spend!)
And how much does your bank charge for overdraft fees? $35?
All those fees add up FAST โ itโs worth taking an hour to sit down and automate recurring transactions like business credit card payments, transfers to bank accounts, and more.
See? 
Increasing your profit margin isnโt always about bringing in more money โฆ sometimes itโs easier to just decrease expenses and improve your current bookkeeping processes!
What about you? Do you have a favorite strategy that helps you boost your profit margin?ย Iโd love to hear it!
Now, hereโs the catch โฆ all these strategies?ย ๐๐ฉ๐ฆ๐บ ๐ฐ๐ฏ๐ญ๐บ ๐ธ๐ฐ๐ณ๐ฌ ๐ช๐ง ๐บ๐ฐ๐ถ๐ณ ๐ฃ๐ฐ๐ฐ๐ฌ๐ฌ๐ฆ๐ฆ๐ฑ๐ช๐ฏ๐จ ๐ช๐ด ๐ค๐ฐ๐ฏ๐ด๐ช๐ด๐ต๐ฆ๐ฏ๐ต๐ญ๐บ ๐ฌ๐ฆ๐ฑ๐ต ๐ถ๐ฑ ๐ต๐ฐ ๐ฅ๐ข๐ต๐ฆ.
If you struggle to keep up (despite your best intentions to get around to it โnext weekโ), just reach out 
We always keep our clientsโ bookkeeping up to date and help them improve their bottom line. And weโd love to do the same for you, too!
