As September draws to a close, small business owners everywhere are feeling the impact of the busy back-to-school season. Whether you’re a parent managing your household or just navigating the general uptick in activity this time of year brings, you’ve likely been pulled in a hundred different directions. With the kids back in school, now is the perfect moment to hit the reset button on your business finances and get your books in order.
Why September Matters for Your Small Business
September isn’t just about settling into new routines; it’s also a critical time for business owners. This is often the last stretch before the holiday rush and tax season, and it’s important to ensure your finances are in check now to avoid stress later. Here’s why:
1. Tax Planning Time
With only three months left in the year, now is a great time to take stock of your business’s financial health. Proper bookkeeping allows you to assess your revenue, track expenses, and identify any potential tax deductions you may have missed. By staying on top of things now, you’ll be in a better position to prepare for year-end taxes.
2. Holiday Prep Starts Now
If your business tends to pick up during the holiday season, this is the calm before the storm. It’s essential to ensure your finances are well-organized so you can focus on sales, marketing, and scaling your operations in the months ahead. Streamlined bookkeeping will allow you to plan for increased inventory, staffing, or holiday promotions with ease.
3. Budgeting for Growth
September is the perfect time to evaluate your year-to-date performance and adjust your budget for the remaining months. Have you hit your financial goals? If not, consider where you can allocate resources to make a strong push through Q4.
4. Focus on What You Do Best
As a small business owner, your time is limited. You likely started your business because you’re passionate about your craft or product, not because you wanted to spend hours reconciling bank accounts or tracking expenses. By outsourcing your bookkeeping, you free up time to focus on what you do best—running your business.
Let’s Get You Back on Track
At J.L. Money Matters, I specialize in helping small business owners just like you. With the kids back in school, now is the perfect time to sit down and ensure your business is in good financial shape. Whether it’s setting up a system for tracking expenses, managing payroll, or preparing for tax season, I’m here to take the stress out of your bookkeeping so you can focus on growing your business.
Reach out today to schedule a consultation, and let’s get your books in order before the year-end rush hits!
(216) 401-5050 or julie@jlmoneymatters.com