The ABMP Podcast | Speaking With the Massage & Bodywork Profession
Ep 413 – Why Should I Care About Bookkeeping?: “Business or Pressure” with Allissa Haines
Jan 26, 2024
The host, Allissa Haines, discusses the importance of bookkeeping in a massage business, including tracking income, expenses, and using software like QuickBooks. She emphasizes the benefits of proper documentation and the consequences of hiding income. Different bookkeeping systems are explored, along with the option of hiring a bookkeeper. Delegating tax preparation is also encouraged for accuracy and efficiency.
13:33
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Bookkeeping is crucial for maintaining a well-organized business, ensuring proper tax filing, and making informed business decisions.
- Massage therapists and bodyworkers have various options for bookkeeping, including software programs and professional assistance, and should continually improve their practices to maintain accurate records.
Deep dives
Importance of Bookkeeping
Bookkeeping is essential for massage therapists and bodyworkers to maintain a well-organized and reliable business. It involves accurately recording income and expenses to ensure proper tax filing, claim all income, and avoid penalties. Bookkeeping also allows practitioners to pay themselves in a regular manner, project income, and make informed business decisions. It is crucial for establishing a legitimate business and demonstrating income for loan applications or unemployment benefits.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
