Monthly Business Finance (You’ll Love Yourself at Tax Time!)

For most entrepreneurs, bookkeeping ranks up there with the absolute most dreaded tasks in the business. Unless of course, bookkeeping is your business- in which case, chances are you probably don’t need to read any further!

Love yourself at tax time

Last year at tax time, I found myself scrounging around, digging through piles and piles of papers to find one certain receipt. Hunting through emails, looking for that invoice. Hours and hours wasted. If only there was some super obvious way to avoid all this, right?!

Well, I’ve learned a lot since then. And guess what? Doing my taxes was MUCH easier this time around (and only in part because I hired an accountant to file them for me)!

Here are a few little things I’ve learned that have made life so much easier!

1- Invest in a filing cabinet, or at least a filing box. Personally, I use both.

2- Actually use the filing cabinet. I know some people prefer to use a software program or app for bookkeeping, but it’s important to back it all up in physical form too. You can be audited for years and may need too produce those documents, and what will happen if your phone or computer is long gone by then? So use digital if you like, but print and file too!

3- Have separate bank accounts. Using your personal account for your business is probably one of the biggest mistakes that people make in the world of small businesses!

4- Keep every receipt (that is relevant), every invoice, every document you think you may eventually need to refer to. Mine get collected into an envelope to sort later (usually weekly, but sometimes monthly during slower periods.

5- Pay roll. If you have employees, track their payroll monthly- you’ll thank yourself when it is time to issue T4’s/T4a’s!

6- Stay up to date on sales tax payments (whether they be monthly, quarterly, or yearly). Most provinces/states require you to collect sales tax, and it’s not something you want to fall behind on!

7- Keep a milelage log. A lot of planners come with them included, and if not, there’s tons of free printables to be found online.

8- Print everything. Your monthly bank statements, any invoices/receipts you receive digitally, contracts, etc. Print them, and then FILE THEM.

9- Keep an ongoing expense sheet, and add to it regularly. It’s easy to forget that printer ink you bought if you don’t log it right away!

10- Update your ledger, income/expense spreadsheet, or online software to calculate your monthly net profit- it’s hard to evaluate how you’re doing when you really don’t know what you’re doing!

Follow these tips on a regular basis, and I promise you will have the easiest tax season possible! Who knows? You might even grow to enjoy (or at least not dread) bookkeeping!

Be Thankful! (Gratitude Journal)

In life, it’s so easy to focus on what we don’t have, that we often forget to think of the things that we are blessed with. We forget how important the people we have are, how amazing and rich our life really is, and how much worse things could be.

how keeping a gratitude journal has changed myperspective

My grandmother always told me, “No matter how bad you have it, someone has it worse.”

When we start focusing on the negatives instead of the positives, our entire perspective changes. Suddenly, it becomes very difficult to even find the positives in our lives. The same goes in the other direction though, when we focus on the positives instead of the negatives, everything suddenly seems brighter, and even the negatives don’t seem so bad.

A few months ago, I realized just how negative I had been. In fact, I noticed that it was even rubbing off on my children! That’s not the behaviour or mindset I wanted them to learn from me. So I made a conscious decision to change it.

I started keeping a list, which I add to daily, of all of the good things in my life. Whether it be something good that happened, a person whose been on my mind, something we did as a family, a trait I admire in my children- whatever is making me feel the most grateful at that moment. I write it down.

gratitude journal

Eventually, I bought this cute little notebook, but prior I had a log page in my bullet journal.

Since starting, I have found myself actually being happier and more content with the things I have! And when I’m having a particularly bad day (you know, where all you want to do is curl up on the couch and watch Netflix with an entire chocolate cake..), I make myself go back and read through them!

Next step: Implement gratitude journals with my children!

Do you keep a gratitude journal?

Increasing Productivity with Daily Focus

Productivity + Batching + Time Blocking + Focus

I’m sure you’ve all heard of batching in terms of blogging, but the same principle can be applied to every aspect of your work (heck, even your house work, your errands, etc).  The day I started batching my work life, was the day I swore I would never go back to any other planning method. Seriously.

In a normal week I have “daily focuses” for:
-Social Media
-Admin Tasks

Broken down further:
-Write blog posts for the upcoming week.
-Blog planner work if necessary.
-Create Social Media images for blog posts.
-Take any necessary photos.
-Edit contributor’s content and schedule for publishing on website.

Social Media
-Plan and schedule Social Media content for the week.
-Set Social Media goals.
-Social Media research (topics, hashtags, influencers, etc)
-Research useful shareable content.

-Fine tune marketing plan for the upcoming week.
-Evaluate which marketing methods are working.
-Work on specific tasks within that weeks marketing plan.

Admin Tasks
-Contacting contributors, marketing outlets, sponsors, venues, vendors, etc that I need to touch base with.
-Creating contracts, etc.
-Newsletter creation and automation.
-Website updates.

-Invoices and receipts.
-File expenses and receipts, send any necessary documents to accountant.
-Write and send cheques.
-Update ledger.

Of course that isn’t an extensive list, and not every item on that list has to be done on a weekly basis. And as always, there are tasks that have to be done daily that don’t fit the focus, and sometimes things come up and change my plan entirely. But I have definitely found that batching my tasks and given myself a “focus” for the day has been incredibly helpful with keeping myself on track!


Kid’s August Reading Log

Printable August Reading Log

In my opinion, reading is one of the most important loves we can instill in our children. And some children don’t need much prodding to develop that love, but some do. I have one of each. Most days, I can hardly drag my son away from his books (unless of course it’s to play with his legos). My daughter on the other hand, would rather scrub toilets. Literally.

She also struggles with reading more than my son does, so it is even more vital for her to get in that practice. She’s a very visual person, so I thought she would enjoy a visual way to track her reading.

And guess what? It worked! In the past month I’ve seen my struggling reader plow through 3 chapter books! And on our last trip to the library she chose a Harry Potter novel! Have you seen the size of those books? And she is determined to finish it!

I’m sure there are others out there with the same issue, so I’ve decided to share our visual tracker for August with you!

August Reading Log

August Reading Log

Since my kids are reading chapter books, they color in one star for every 20 minutes spent reading, but for younger kids you could do per story book, per chapter, whatever works for your family!

Increase Your Productivity with Time Blocking

I’ve recently started using time blocking in my planning in hopes that it would help my productivity level sky rocket (or at least increase slightly..), and so far, I’m loving it!

time blocking-productivity

No more sitting down at my computer wondering what I need to do next, because I’ve told myself what needs to be done ahead of time.

No more bouncing back and forth between tasks, because they’re all broken down by similarity.

My new day plans look like this (I’m still working on the neatness factor..):

planner time management productivity


First, I sat down ad made a do list of every single thing I need/want to get accomplished in the run of the next day. Then I take my markers and color code (because, well, I like colours) by type of task (social media, emails, finances, advertising, household, children, projects, etc). As you can see, the majority of tasks for this day are finance related, so clearly that’s my “focus”.

Next, I block things that fall into the same time every day into routines. For example, my morning routine includes coffee & journals, showering and getting ready, and then answering all emails and messages.

Then I pencil in any meetings, commitments, or phone calls I need to make at a specific time.

Then, everything from my list all goes into my bullet journal, by hour.

Next, I want to tackle time logging, so I can practice my time blocking more effectively- by knowing exactly how much time each task requires.

Note: Make sure to plan in some family time, personal time, workout time, etc! It’s easy to get carried away by our to do list, but it’s important to keep that down time as well!