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Helping creatives make sense of their numbers. 

New Financial Year Resolutions with free checklist

6/6/2018

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As the end of December rolls around each year, most of us take some time to reflect on the year that we're leaving behind and set some goals for the new one.

​While the new financial year certainly lacks the hype, champagne pops and midnight smooches of its calendar equivalent, it’s still a great opportunity to pause and use the same principles of reflection and resolution.

Here's a checklist of ideas for your new financial year resolutions. 

Photo by Amy Shamblen on Unsplash
Resolution 
Done 
Open a separate business bank account. This is a non-negotiable MUST DO if you don't already have a separate account.  

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Set up a second bank account for tax & payroll obligations & be disciplined about moving money across. 

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Organise a system for receipts. We love www.receiptbank.com

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Identify an area that you could invest some professional development time in. For eg Financial literacy, Social Media training,  or public speaking.

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Evaluate business tools  - are you making use of all the technology available? We love xero.com,  calendly.com,  www.toggl.com

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Purge your pain points. What do you dread doing?  Identify something to outsource or automate. [If it's bookkeeping 🙋‍♀️...just sayin' ...that's what we do!]

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Review your online security. Set up two step authentication wherever it is offered. 

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Charge what you're worth!  👊 Review your pricing. 

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Manage cash flow better this includes invoicing earlier & watching for stale/surplus stock .We love Skippr. 

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Run a profit and loss for this current year and use as a basis for the coming year. Run scenarios around increasing prices or volume by various percentages. Are there any opportunities to reduce expenses? 

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Prioritise self-care. What could you do better in the coming year to look after your own mental and physical health? 

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    Author

    Gabrielle Osborne (BAcc) is a small business specialist who loves empowering creative minds by helping them make sense of their business numbers. 
    e: gabrielle@creativeaccounting.online

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