The Accounting Edit: A real world look at bookkeeping for modern small business owners.
We’re kicking off our bookkeeping mini series on The Accounting Edit by diving into two essential building blocks: transaction categorization and account reconciliations. Whether you’re doing your own books or working with a bookkeeper, these two areas set the foundation for clean and reliable financials and ultimately better decision making.
In this episode, we use a photography business as a real world example to show how categorization and reconciliations play out in practice. We also share some common mistakes to watch out for and tips to make these processes smoother and more efficient.
🎙 Listen to Episode 3: Transaction Categorization & Account Reconciliations
In this episode, we talk about:
Why transaction categorization matters more than you think
The importance of consistency across months and accounts
What to do instead of relying on miscellaneous
Separating business and personal expenses for clarity and compliance
Why monthly reconciliations are key to catching errors early
Using your accounting software to set up rules and streamline work
How accurate books lead to more confident business decisions
New episodes every other week
Stay tuned for Part 2 of our mini series where we’ll dig into Accounts Payable and Accounts Receivable — what they mean, how to manage them, and why they matter for your cash flow.
Thanks again for being here with us.
Find us online:
Aminder Mann, CPA
Website: sequoia-cpa.com
Instagram: @sequoiacpa
LinkedIn: Sequoia CPA
Leah McCool
Website: orca-accounting.com
Instagram: @orcaaccounting
LinkedIn: Leah McCool
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