#32: 4 END-OF-THE-YEAR IMPORTANT FINANCIAL TO-DO'S
12/19/24 • 25 min
In this final episode of 2024, I’m helping you go out strong with actionable financial tips for your chiropractic business. Whether you’re DIY-ing your bookkeeping or working with a professional, these four financial tasks will help you smoothly transition into the new year. Here’s what I’ll walk you through:
- Reconciling Your Accounts
- Reviewing Your Financial Statements
- Organizing Tax Documents & Communicating with your Tax Professional
- Updating Your Financial Goals
Resources Mentioned:
- Free Sample Profit & Loss Statement for Chiropractors
- Episode 2: Don’t Fudge It Just Budget
- YouTube Budgeting Tutorial
- Episode 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
- Episode 13: Organization is the Base of Your Financial Foundation
- Free Resource: The Entrepreneur’s Guide to Financial Organization
- Episode 24: how to Align Your Money with Your Goals
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
Recommended bank and the one I use in my business (affiliate link):
RELAY BANK
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
In this final episode of 2024, I’m helping you go out strong with actionable financial tips for your chiropractic business. Whether you’re DIY-ing your bookkeeping or working with a professional, these four financial tasks will help you smoothly transition into the new year. Here’s what I’ll walk you through:
- Reconciling Your Accounts
- Reviewing Your Financial Statements
- Organizing Tax Documents & Communicating with your Tax Professional
- Updating Your Financial Goals
Resources Mentioned:
- Free Sample Profit & Loss Statement for Chiropractors
- Episode 2: Don’t Fudge It Just Budget
- YouTube Budgeting Tutorial
- Episode 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
- Episode 13: Organization is the Base of Your Financial Foundation
- Free Resource: The Entrepreneur’s Guide to Financial Organization
- Episode 24: how to Align Your Money with Your Goals
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
Recommended bank and the one I use in my business (affiliate link):
RELAY BANK
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
Previous Episode
#31: HOW TO PROPERLY PAY EMPLOYEE BONUSES
This episode of the Financially Adjusted podcast is all about paying employee bonuses the right way. Whether you’re rewarding W2 employees or 1099 contractors, the rules are different—and it's crucial to get it right to avoid headaches later. I'll walk you through the basics of employee classifications, how to pay out bonuses properly, and tips to stay compliant with IRS rules. Being generous is so wonderful, but make sure you’re doing it the right way in your practice!
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
Recommended bank and the one I use in my business (affiliate link):
RELAY BANK
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
Next Episode
#33: HOW TO BUILD HEALTHY FINANCIAL HABITS
In this episode of Financially Adjusted, I’m highlighting the importance of healthy financial habits for your chiropractic business. I’ll discuss why consistency, small steps, and proactive check-ins are key to financial wellness. You'll learn why reactive financial management can hold you back and how a weekly money check-in can transform your confidence and control over your finances. Plus, I’ll offer practical tools and tips to help you stay on track, whether you consider yourself a numbers person or not!
Mentioned Resources:
- Episode 11: Understand Your Profit & Loss Like a Boss
- Episode 12: Understand the Meat of Your Balance Sheet
- FREE Sample Chiropractic P&L
Helpful Resource: Free Estimated Tax Guide
Email me with any questions you’d like answered in future Q&A episodes!
Recommended payroll software (affiliate links):
ADP
GUSTO
Recommended bank and the one I use in my business (affiliate link):
RELAY BANK
QuickBooks Online is my go-to accounting software. Get an amazing discount (30% off for 6 months) when you buy with my affiliate link below.
SIGN UP FOR QUICKBOOKS ONLINE
My favorite budgeting app w/ an amazing free version:
EVERY DOLLAR BUDGETING APP
My preferred business credit card with cash rewards (affiliate link):
If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
CAPITAL ONE BUSINESS CREDIT CARD
Check out all my FREE financial resources in one place
Follow me on social media:
Facebook
Instagram
LinkedIn
Pinterest
Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
Financially Adjusted - #32: 4 END-OF-THE-YEAR IMPORTANT FINANCIAL TO-DO'S
Transcript
What's up my entrepreneurial friend! Thanks for joining me today for the last episode of 2024 for the Financially Adjusted podcast.
It's been a busy but a good year for me. I started this podcast back in May and I plan to continue bringing you all kinds of valuable information to run your chiropractic business in the new year. Really my content can help a lot of small business owners out there, but I really cater to chiropractic entrepreneurs because they are my people that I he
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