Episode 3: Bookkeeping Transaction Categorization & Account Reconciliations

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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Episode 4: Accounts Payable vs Receivable - Small Business Guide to Managing Cash Flow

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Episode 2: Defining Bookkeeping,  Clean-Ups, Catch-Ups,  & CFO Services