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Paige One Bookkeeping LLC, Broken Arrow, OK (2026)

07/24/2024

📚 Balancing Books and Baby Naps: The Work-from-Home Bookkeeper Life 🍼

Working from home as a bookkeeper while caring for a little one can be a juggling act! Here are some tips to help you stay productive and maintain your sanity:

●Take Advantage of Naptime: Use your baby’s nap times to tackle your most important tasks. It’s amazing how much you can get done in those quiet moments.

●Create a Flexible Schedule: Plan your work around your baby’s routine. Flexibility is key to managing both work and parenting duties.

●Set Up a Comfortable Workspace: Make sure your workspace is baby-friendly. Keep essentials like diapers and snacks within reach so you can quickly attend to your baby without disrupting your workflow.

●Use Technology to Your Advantage: Utilize apps and tools to automate repetitive tasks. This will free up more time for you to focus on your baby.

●Take Breaks: Don’t forget to take regular breaks to recharge. A quick walk or a few minutes of playtime with your baby can do wonders for your productivity and mood.

Remember, it’s all about finding the right balance that works for you and your family. Share your own tips and experiences in the comments below! 👇

Also share me with all your friends and business owners!

www.paige1bookkeeping.com

06/10/2024

🔗 “The 6 Degrees of Bookkeeping: Connecting Your Business to Financial Success” 🔗

1️⃣ First Degree: The Entrepreneur - You, the visionary, start with a dream and a ledger. Your business is born from passion, and your books reflect that journey.

2️⃣ Second Degree: The Transactions - Every sale, every purchase, tells a story. They’re the plot points in your entrepreneurial narrative.

3️⃣ Third Degree: The Bookkeeper - That’s where I come in. I’m the narrator who ensures your story flows without interruption, making sense of the numbers.

4️⃣ Fourth Degree: The Reports - Together, we translate your financial activities into comprehensive reports. They’re not just pages of data; they’re chapters of your business saga.

5️⃣ Fifth Degree: The Growth - Armed with insights, you make informed choices. Each decision is a turn in the plot, steering your business towards its goals. With clarity comes growth. As your business expands, so does the complexity of your books, but fear not, for they are in expert hands.

6️⃣ Sixth Degree: The Network - And finally, it’s you and me, and the community we build. Every share, every referral, connects another link in the chain of success.

🔄 The Cycle Continues - Just like Kevin Bacon is connected to Hollywood, every business decision you make is linked back to your books.

Check my website: paige1bookkeeping.com

Share this to all your business owners!

05/16/2024

🌟 Elevate Your Business with Precision Bookkeeping! 🌟

Small Business Owners, take note! Are you overwhelmed by piles of receipts and complex financial statements? Here’s a golden nugget of wisdom from a professional bookkeeper:

Accurate bookkeeping is the cornerstone of a thriving business. It’s not just about keeping records; it’s about laying a solid foundation for your financial success. With meticulous bookkeeping, you can:

Have peace of mind knowing your financials are in order year-round.
Be confident that your books are tax-ready, even if you handle taxes elsewhere.
Gain clarity on your business’s financial health with detailed reports.
As your bookkeeper, I’m here to ensure that your financial records are pristine and precise. I’ll handle the numbers, so you can focus on what you do best—running your business.

Ready for financial clarity without the complexity? Message me now for a complimentary consultation and let’s get your books in tip-top shape!

05/11/2024

🌷 Mother’s Day Special: Free Diagnostic Review! 🌷

Are your books telling the right story about your business? This Mother’s Day, let’s ensure your financial narrative is spot-on!

What’s a Diagnostic Review? It’s like a health check-up, but for your finances! We dive deep into your financial data (any software), diagnose any issues, and assess what needs to be cleaned up. It’s crucial for bookkeepers and businesses to have accurate, tax-ready books. Think of it as a mid-year review to keep you on track, without the year-end pressure!

Why is it Important?

Get a Full Scope: Understand the complete picture before any cleanup.

Identify Issues Early: Catch discrepancies and fix them promptly.

Stay Tax-Ready: Always be prepared for tax season with up-to-date transactions.

This Mother’s Day, take advantage of our free diagnostic review to ensure your business’s financial health is in full bloom! 📊🌸

📆 Book Your Free Consultation Now! Don’t miss out on this limited-time offer. Schedule your free consultation through my Calendly link and let’s get your books in tip-top shape!
https://calendly.com/paige1bookkeeping/30min

🔄 Share the Love Know someone who could benefit from this offer? Share this post and spread the word!

Paige One Bookkeeping LLC
www.paige1bookkeeping.com

04/10/2024

Hey there, fellow business owners! 🌟 If you’re figuring out the QuickBooks Online (QBO) world, let’s chat about something crucial: LISTS. These aren’t just boring spreadsheets; they’re your secret weapons for smooth bookkeeping.

Sometimes transactions play hide-and-seek. Use QuickBooks’ search and filter tools to track down those elusive entries. It’s like finding your car keys when you’re late for a meeting. 🕵️‍♂️

Remember, mastering these lists isn’t just about numbers—it’s about empowering your business. Take a look at the lists below and let me know if you have any questions, I am happy to help.

03/18/2024

(Thanks for hanging in there, been dealing with a broken tooth so havent been working as much)

CHALLENGES we can run into while attempting to RECONCILE an account

As shown in the picture, there are many things that could arise making reconciliation a hassle.
🔹️Differences can arise due to timing of checks hitting the bank account so determining the correct period for deposits can be tricky.
🔹️Misplaced receipts or invoices can make it difficult to reconcile accounts accurately. This can lead to miscategorized transactions.
🔹️Human error with manual entry (we all do it no matter how hard we try) can lead to incorrect numbers or entered.
🔹️Falling behind will take more time and could lead to more errors. Staying on track makes it easier to find errors over a smaller timer frame.

THIS IS WHY YOU SHOULD:
✅️ Update records and manage transactions regularly: Ensure your internal accounting records are accurate BEFORE beginning bank reconciliation by keeping track of all transactions, including those that are pending, like uncashed checks, to maintain accurate cash flow.
✅️ Prioritize Reconciliation Monthly: Make it a habit to reconcile your accounts every month, this way when something inevitably doesn't match it is easier to locate the error.
✅️ Use an accounting software. Quickbooks Online is the most robust but there are other options like Xero and Wave. This allows bank feeds to be connected to the software and import transactions automatically (reviewing and categorizing as needed). This saves time and decreases errors.

⚖️Regular reconciliation helps to keep the books accurate and in balance, show the cash flow of the business, aid in early detection of any fraudulent activities, such as duplicate checks or unauthorized transactions, and prepare business owners in case of future audits.

03/05/2024

CALLING ALL SMALL BUSINESSES!!

Do you do reconcile your accounts monthly?!

If you don't know what I mean then the answer is probably NO.

Running a business requires cash 💵flow in and out sometimes from one checking account or a checking account and a credit card, etc etc. The combination of accounts and account types vary based on business, but they all still need...

Monthly Reconciliation💻🧮📖

What does that mean? It means taking a look at your account, example checking, and making sure that every transaction in your accounting software matches your bank statement.

Why is this import? As a business owner, it is imperative to know what money you owe and who still owes you. If not then there is no way to make sound📢 decisions involving things, such as, purchases/loans/hiring for your business.

Throughout the month, transactions are added to your software (QBO, Xero or Wave are what I use) as they happen.

Example: you make and sell jewelry and jewelry stands online. Throughout the month you make several transactions.
A)sell an item and a customer pays with credit card for $30
B)purchases supplies--i.e. wire, beads, charms, stand material--on a credit line with vendor totally $750
C)cash sales at craft fair total $500.
D)pay booth rental fee $100
E)pay marketing for event $250

When bank statements are received it is important to match each transaction with the ones in the software. This ensures that all income and expenses are recorded AND categorized correctly. That everything balances (this is a whole other topic of the accounting equation) between assets, liabilities and owner equity.
If you are using a software (highly recommend) then your reconciliation will balance to $0 meaning that there are no discrepancies.

WHAT THEN? This information is what translates to the financial reports: Profit and loss📈, also known as Income statement, the balance sheet and the cash flow.

These are what's used to tell the jewelry maker that they need to decrease their expenses or decide that they are spending too much on the material from a certain vendor and look for it else where. Whether or not they made a profit during that period.

Make sure you follow me, Paige One Bookkeeping LLC for me information like this. SNEEK PEEK👀👀.......my next post will cover some common challenges business owners and bookkeepers alike face while trying to reconcile accounts. 😁

02/29/2024

Are you a small business owner who wants to avoid tax headaches and penalties? If so, you need to be aware of the bookkeeping deadlines that apply to your business entity.

>>>March 15, 2024: This is the deadline for partnerships, multimember LLCs, and S corporations to file their federal tax returns (Form 1065 or Form 1120-S) and issue Schedule K-1 to their partners or shareholders.

>>>April 15, 2024: This is the deadline for sole proprietors and single-member LLCs to file their federal tax returns (Form 1040 with Schedule C) and pay any taxes due. This is also the deadline for C corporations to file their federal tax returns (Form 1120) and pay any taxes due.

>>>Quarterly: Small businesses that have employees or pay estimated taxes must also file and pay quarterly taxes throughout the year. The quarterly deadlines are usually April 15, June 15, September 15, and January 15 of the following year. They must file Form 941 to report their payroll taxes and Form 1040-ES to pay their estimated taxes.

Bookkeeping is not only essential for managing your cash flow, tracking your performance, and planning your growth but also for tax compliance. Your tax expert needs your business's financial books to reflect the correct income and expenses.

By following the bookkeeping deadlines, you can avoid costly fines, audits, and interest charges, and also save money on your tax bill.

02/11/2024

Do you struggle with invoicing your clients and getting paid on time? If so, you’re not alone. Many service-based businesses face the same challenge, and it can affect their cash flow and profitability. 😕

That’s why I want to share with you a simple bookkeeping tip that can help you optimize your invoicing process and improve your cash flow. 💡

It really is simple and when I tell you, you’re going to say “yea duh" but it really is imperative if you want to get paid on time.

⏩️Use a professional and consistent invoice template that includes all the necessary information, such as your business name, contact details, invoice number, date, due date, payment terms, and a clear breakdown of your services and fees.

⏩️By using a simple “standard" invoice template, you can avoid errors, as well as, making it easier for your clients to understand what is on the invoice. This can reduce the risk of disputes, delays, and non-payments. 💰

⏩️You can also use bookkeeping software like to automate your invoicing process and make it more efficient. Creating and sending an invoice with bookkeeping software becomes less time consuming and easier to track. Accepting online payments simplifies things for you and your clients, getting your money to you faster. You can also generate reports that can help you manage your cash flow and plan ahead.

If you want to learn more about how to optimize your invoicing process and improve your cash flow, feel free to drop me a message here or send me a DM if you prefer to chat there.

At Paige One Bookkeeping LLC , invoicing can be done for you so you never have to worry if they are being completed and tracked. If you’re a service-based business who is ready to stop spending hours of your valuable time on invoicing and start focusing on running your business, let’s chat! Consultation is free so there’s only things to gain by scheduling..
https://calendly.com/paige1bookkeeping/30min

02/02/2024

What is a Chart of Accounts (COA), and why is it important?!

It's the basis of a company's books. A compiled list of every account needed for a business to track transactions effectively, which in turn will show the business where their money is going.

The COA is structured based on the financial reports.
Balance Sheet Accounts-Assets, Liabilities and Equity
Profit/Loss Accounts-Revenue and Expenses

It can be customized based on business's needs and should reflect the activities of the business clearly and accurately. Certain businesses may need only few accounts while a large corporation may need hundreds. A retail store would have inventory asset accounts, while a service-based business wouldn't need those types of accounts.

Numbering of accounts can be customized, but generally follow this order:
1000 assets
2000 liabilities
3000 equity
4000 revenue
5000 expenses

The chart of accounts helps ensure accuracy, consistency, and completeness of the financial records. It is essential for preparing financial reports that can then be used by stakeholders, investors, creditors, etc.

Remember, the chart of accounts is the foundation of your company’s financial records. It’s important to keep it up-to-date and accurate to ensure that your business is running smoothly. If you’re unsure about how to set up your chart of accounts, consider reaching out to a bookkeeper. At Paige One, I can help you create a chart of accounts that is tailored to your business’s specific needs.

If you are ready to schedule your free consultation, click here: https://calendly.com/paige1bookkeeping or comment below!

01/27/2024

ASSETS

In the simplest of terms, assets are anything of value owned by a business. It’s more complex however, and delving deeper, assets are any items—physical or non—that have monetary value owned by the company.

These accounts are shown on the balance sheet, and play a part in the accounting equation, along with liabilities and owner equity accounts.

ACCOUNTING EQUATION
Assets = Liabilities + Owner Equity

ASSET DEFINITIONS
Nonphysical=Intangible assets

Physical=Tangible assets

Current=Easily converted into something you can touch (money) and expected to be used/received/sold WITHIN a year

Long-term=Relatively fixed or permanent in nature and expected to be used over several years

FURTHER EXPLANATIONS
>>Long-term assets can be intangible or tangible fixed assets.
*Real property-Land, buildings, trees, driveways, fences, sidewalks, and any permanently fixed to the land.
*Personal property-Furniture, equipment, delivery vehicles and machinery

>>Intangible assets: legal claim to something like rights, contracts, or agreements and are expected to be usable or valuable over an extended time.
Examples: trademarks, patents, leases, copyrights, franchises, goodwill

>>Tangible Assets are physical items like inventory, supplies, or petty cash, cash in a bank account, but also include things like accounts receivable, prepaid insurance/expenses and short-term notes receivable.

📂Keeping accurate records of your business assets are important since they help tell the story of a company’s financial position at a specific point in time, as seen on the balance sheet.
1) helps identify inventory loss quicker
2) know what money's available to use verses tied up
3) updated and accurate allows for quick tax filing

01/19/2024

I'm curious to see what you all see lol! I'll stick to numbers instead of abstract art 🤣🙃🙂

Paige One Bookkeeping LLC

07/24/2024

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