Getting back on track when you’ve fallen behind
(myorganizedbiz.com) - One thing I’m trying to keep up on is finance. Specifically: expenses. I bought software to help me keep track of my business expenses and accounts receivable. It is intended to save me time when it comes to tax preparation. If I already have my expenses categorized, I won’t have to spend a few hours adding things up for my tax return.
But three-quarters of the way through the year and I’ve fallen off the wagon a bit. I have a few monthly recurring expenses that are easily added to my expense list. And I really don’t have a huge amount of expenses at this point, since I already took care of major purchases like my computer.
So while keeping up on the numbers shouldn’t be a big deal if done regularly, I now face going back through a few months’ of receipts and statements and entering them.
How did I get to this point? It sneaks up on you. I got busy getting a big project out of the way (which finishes this week). It took up a large chunk of time, and then I had my other regular work to do, plus family things.
It happens to the best of us at times. And now, I have to find a way to pull back out of it. So what’s my plan?
Small chunks. When you realize you’re far behind on something it’s easy to get discouraged and want to scrap it all. But when it comes to our businesses, we can’t do that. So to keep from getting overwhelmed, I need to get things back in order in small bites.
I’ll take 1/2 hour here, 15 minutes there, one pile of receipts, one credit card statement… you get the idea. I need to break it into manageable pieces and just get it done. A little each day or each week until I’m caught up. And then I need to enter receipts weekly so I don’t get behind again. Even biweekly is better than nothing.
We all get behind at times. But we can’t give up and just scrap everything. We have to take a look at where we are and take the steps to get back on track. Don’t try to do it all and once and overwhelm yourself. Just do it gradually if you can. And if you can enlist help, it’ll go quicker. Just don’t give up!
Tags: finances, getting back on track, keeping up with things, maintenance modeRelated Stories
POSTED IN: Finances organized, Organize
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