06. Know Your Numbers; Simple DIY Bookkeeping Tips Every Mama Business Owner Should Know with Erika Millard

Mama In Biz | The Podcast for Mom Business Owners

In this episode of the Mama In Biz podcast, we sit down with Erika Millard, a Bookkeeping Coach who loves teaching business owners how to get organized with bookkeeping & actually understand their numbers. She helps entrepreneurs do their own bookkeeping in less than an hour per month, heck yes! She is a mama to 4 kiddos & currently lives in Birmingham, AL where you can probably find her cooling off at an ice cream shop.

Erika shares her inspiring journey from the corporate world to entrepreneurship, providing valuable insights on balancing motherhood and business. We explore crucial bookkeeping practices, time management strategies, and the importance of understanding your business financials. Erika’s practical tips, such as separating personal and business finances and choosing the right bookkeeping software, empower new and seasoned entrepreneurs to avoid common pitfalls. Additionally, she highlights the significance of having a supportive community and the need for discipline and flexibility in managing dual roles as entrepreneur and Mama. Tune in for an engaging discussion designed to help mompreneurs thrive when it comes to knowing their numbers and actually making bookkeeping FUN (yes, I said fun)!

Check out Erika's FREE Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist

Get Comfy with QuickBooks program: https://erikamillard.com/get-comfy-with-quickbooks

Listen to Erika's Podcast "Get Comfy With Numbers":

https://podcasts.apple.com/us/podcast/get-comfy-with-numbers-making-bookkeeping-quickbooks/id1707561040

Check out Erika's Website: https://erikamillard.com/

Follow Erika on Instagram: https://www.instagram.com/erika_millard/

00:00 Introduction: Balancing Motherhood and Business

01:24 Guest Introduction: Meet Erika Millard

01:35 Erika’s Journey: From Corporate to Entrepreneurship

05:24 Advice for Aspiring Mompreneurs

08:55 Balancing Act: Managing Business and Motherhood

13:02 Bookkeeping Basics for Business Owners

26:50 Setting Up Business Accounts

27:47 Bookkeeping Software and Training

28:58 QuickBooks Support and Customization

30:03 Budgeting for Your Business

33:38 Organizing Receipts and Financial Documents

38:56 Common Bookkeeping Mistakes

47:48 End-of-Year Bookkeeping Tips

50:18 Final Thoughts and Advice for Mama Business Owners

Check out the Mama In Biz Website: https://www.mamainbiz.co/

Follow Mama In Biz on Instagram: https://www.instagram.com/mamainbiz/

Join the FREE Mama In Biz Facebook Community, to connect with fellow Mama business owners! https://www.facebook.com/share/g/5m7TKphPC46Dy2xS/

Are you a Productivity Pro or Time Wasting Whiz? Take the FREE Productivity Pro Quiz to find out!: https://mamainbiz.ck.page/1b90bf9764

Are you an expecting Mama? Get the FREEBIE - Maternity Biz Prep: Trimester Checklist!: https://mamainbiz.ck.page/cae04ddf2b

Apply for 1-on-1 Coaching with Rebecca: https://www.mamainbiz.co/contact-1