In this webinar, speaker Shatoria Smith of Aligned Books by SLSmith will cover essential bookkeeping strategies that help small businesses owners streamline financial management, simplify tax preparation, and avoid costly errors.
Shatoria will demonstrate how you can implement key bookkeeping practices such as separating personal and business finances, reconciling bank accounts monthly, properly tracking and classifying expenses, staying on top of tax deadlines, monitoring cash flow, and organizing financial records, business owners can maintain accurate, audit-ready financials. These strategies not only simplify tax preparation but also support better financial decision-making, enabling long-term business growth and financial success. Consistency and proactive financial management are the foundation for a stress-free tax season and a prosperous future.
By applying these practical tips, you can stay organized, reduce stress, and ensure tax compliance.
Key Discussion Points:
1. Separate Personal and Business Finances: Why it Matters: Mixing personal and business finances leads to bookkeeping confusion, complicates tax filings, and raises red flags during audits.
2. Reconcile Bank Accounts Monthly: Why it Matters: Regular reconciliation ensures that financial records match bank statements, enabling early detection of errors and fraud.
3. Track and Classify Business Expenses Properly: Why it Matters: Correctly classifying expenses simplifies tax deductions, ensures accurate financial statements, and streamlines audits.
4. Stay Current on Tax Deadlines: Why it Matters: Missing tax deadlines can lead to penalties, interest charges, and legal complications.
5. Monitor Cash Flow Regularly: Why it Matters: Understanding cash flow helps businesses manage expenses, avoid cash shortages, and plan for future investments.
6. Outsourcing Bookkeeping: Why it Matters: A professional bookkeeper can ensure accuracy and free up business owners’ time.
INVESTMENT:
- NSBWEP Members – Complimentary
- PARTNER Members (ILEA/NACE) – Complimentary
- Non-Members $35.00
- Tickets are non-refundable and non-transferrable to another event.
About Our Speaker:
SHATORIA SMITH, a Florida native, holds a Bachelor of Science degree in Accounting from Bethune-Cookman College and an MBA in Finance from Nova Southeastern University. With experience in the education, government, and utility sectors, she developed a strong foundation in financial management and compliance. In 2020, Shatoria discovered her passion for bookkeeping and has been dedicated to helping small businesses maintain accurate financial records ever since. Currently studying for her CPA license, she aims to open her own CPA firm specializing in bookkeeping, tax preparation, and financial advisory services for small businesses.
Residing in Tampa, Florida, Shatoria enjoys life with her husband and their three young boys. She finds joy in cooking, baking cookies with her kids, decorating her home, and enjoying periodic date nights with her husband. A proud member of Alpha Kappa Alpha Sorority, Incorporated, Shatoria remains committed to community service and professional excellence.
