080 Setting Mid-Year Resolutions for Continued Success
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In this episode, we’re discussing the importance of setting mid-year resolutions to keep your business goals on track. Most business owners set their resolutions at the beginning of the year, but reassessing and setting new goals mid-year can significantly impact your business's success.
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Welcome to money through ease. I'm your host, Regan, and I'm the numbers witch and an advanced certified QuickBooks Online Proadvisor. I'm so excited you're here. This is Part 2 of me talking about mid year resolutions and mid year reviews for your business. If you haven't listened to Part 1 yet, I want to encourage you to go back in the podcast.
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Check out part one. It's episode 79 and that is all about what to do in a mid year review and how to set a mid year resolution. And in this episode Part 2 I'm going to share with you what my mid year resolution is.
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But before we get started, I want to remind you that these episodes are sponsored by the Bookkeeping Foundation kit. This kit contains the essentials that you need to set up your bookkeeping and do it the right way. I've packed my 10 years experience doing bookkeeping and public accounting into this quick digital course, so get your bookkeeping.
00:00:58
Foundation kit by visiting the link in the show notes. Now my goal for the remainder of this year is to do a new content schedule. Don't worry, you are still going to receive free weekly episodes of money through ease every single week, so stay subscribed. Don't worry, the podcast is not go.
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Anywhere. I'm just changing things on the back end of how I record, edit and schedule content. I've been doing a ton of content over the past year, especially over on TikTok, and it has been an amazing journey. I've really learned a lot about myself. I have really stretched myself, which by the way stretch is my.
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Word for 2024 and I love it over on TikTok and I'm going to continue doing short form video content, but I really wanted to explore some longer form video content over on YouTube, so you probably already know if you follow me or if you're on my e-mail newsletter list.
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That I have shared some YouTube tutorials specifically for QuickBooks Online users. You are going to start seeing YouTube videos every other week from me. By the way, if you have topics that you want to learn about in these videos or in my content, be sure and send me an e-mail if you're on my e-mail list.
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You know you can reply to any e-mail that you see from me and it goes directly into my inbox. So if you've got questions or content or things that you want to learn about.
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Or if you're curious to know whether there's a resource that can help you do something, please feel free to reach out to me. I promise I don't buy it, and I want to make sure that the content that I'm putting out is useful and resourceful to you all, which a lot of people have told me that it is. So I appreciate your feedback on that, but if you've got topics that you want to learn about.
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Tell me because I might be able to share.
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With you that.
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The resource already.
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Exists and point you in that direction. Or if it doesn't already, or if I want to just redo something I can and the point of all of this is to help you run your business more efficiently.
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So those YouTube videos will be coming out.
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Every other week.
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Along with my Free Weekly podcast, which you're listening to right now, and then of course, I'm going to continue doing short form videos over on TikTok and Instagram. If you'd like to connect with me on socials. Those links are also in the show notes, so make sure you get connected with me.
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So I want to hear from you about what your mid year resolution is going to be. I've already shared with you that I'm changing up how I do content recording, editing and scheduling. I'm excited to see how that is going to work for my schedule, for my energy levels.
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And I'm really looking forward to it, but I want to hear from you whether or not you already have a practice of doing some sort of analysis or review of your bookkeeping, specifically about halfway through the year. So in part one of this mid year resolution series, we talked about what it might look like for you to do a mid year review.
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Or to set a mid year resolution.
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And how I do it is by checking in with my clients on certain things, looking at their reports with them. My monthly clients know that they get 2 free consultations with me every single year if they're paying on the six month plan, but if not they can schedule a consultation with me at any time.
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And that allows us to sit down together and to look at their reports and to really analyze and dive into their numbers.
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And it is extremely helpful for my clients to to do that consultation with me in the middle of the year because like we talked about, we're going to have six months of bookkeeping to look at. And then you also have six months left in the year. So if you do need to make any changes, there's plenty of time to do that before the end of the year.
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Before tax season starts coming around again, so I'd love to hear from you about what your mid year resolution is.
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Going to be whether you already do a mid year review or analysis of your bookkeeping and what that looks like and not to tell you what to do or what I think you should be doing or any of that. But I did want to share with you what I think a good mid year resolution might be for you. If you're thinking about it and you're not really sure where to.
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Look, and especially if you're someone using QuickBooks Online to manage your business.
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So if you're.
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A QuickBooks Online user. Here's my suggestion for your mid year resolution. I want you to get your bank's rules cleaned up and the bank rules is a feature in QuickBooks Online, especially if you import.
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Your transactions directly from the bank and from your credit card accounts setting up a bank rule allows you to automate a lot of the data entry in your bookkeeping, but sometimes we can set a rule and forget about it, and then we don't realize that our transactions are being classified.
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Wrong and our bookkeeping ends up being extremely wrong, especially if you had set up a rule in QuickBooks Online to just automatically add transactions to your bookkeeping, which I don't suggest you do. I suggest that you turn off the auto add feature for all of your bank rules, and I did a short video about this.
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On YouTube it is a very quick less than 10 minutes tutorial. If you go to my YouTube channel via the link in the show notes, you'll find that tutorial of me showing you my best tips to using the bank rules in QuickBooks Online.
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But I think that's a great, easy accessible mid year resolution for QuickBooks Online users. It's just to look at their bank rules as they're set up now and make any adjustments as needed. And if you're already doing a mid year review and looking at your your books for the first six months of the year, you're going to see if things are misclassified.
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Or not, and it might be because of a bank rule that you've set up. So that is my suggestion. If you're a QuickBooks Online user, take it or leave it. Like I said, I'm not here to tell you what.
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To do, but I think that would be a great idea for everybody to look at their bank rules and get those cleaned up. And I've got that quick tutorial on my best practices for using rules in QuickBooks Online over on my YouTube channel. Thank you so much for listening to this episode of Money.
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Is if you learn something new. Remember you can reply to any e-mail you see from me and it goes directly into my inbox and I want to remind you that there are more in depth tutorials and you get more support from me by joining the mind the gap community. This is my private virtual space for all of my clients.
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And we're working on doing our bookkeeping right together so you can join the community for only $7.00 a month and receive more resources, check-ins, reminders, and even tutorials for QuickBooks Online. So head to the link in the show notes now to get subscribed. Thank you so much again for listening, and I'll talk to you next time.
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Bye.