What should you do if you have received money from a customer before you have raised an invoice? @libbywalklett4641 from The Ethical Bookkeeper joined me for an icy swim and we discuss this question. So this week's video is a bit different... Getting into cold water is all about mindset. You have to face your fear head on and get out of your comfort zone. Libby even decided at the last minute to ditch the wetsuit. It was bitterly cold! Just to give you an idea, cold tap water is about 8 or 9 degrees, so at 5 degrees, the sea is equivalent to an ice bath. As always, this week's video is based on a client question. Posting transactions to your accounts software is really important if you want accurate accounts and it's much better to ask and get it right first time, than wait for us to have to try to unravel everything later on! So who's joining me for next week's video? Are you up for the challenge? 🌊 🌊 🌊 🌊 🌊 🌊 🌊 🌊 🌊 🌊🌊 🌊 🌊 🌊 🌊 🌊 🌊 🌊 I help business owners reconnect with the joy in business. Follow me for more tips on how to get those accounts in order. The Adventure Starts Here! Did you know you can find the full library of Bookkeeping Tips from the Beach videos on our You Tube channel?

Do you ever feel like your swimming against the current when it comes to understanding your financials? The first 400m of the Henly Club2Pub swim were against the current and it was hard work! It was so much easier once I turned the corner and started to swim back towards the town. It didn't help that I also had to swim hard to get clear of the pack at the start as well. I knew that I was safe though because the excellent support team were on hand in kayaks to keep an eye on everyone. Having a bookkeeper in your business is the same. We keep an eye on the finances, meaning you can get your head down and push ahead. In this video, I am going to breakdown the difference between profit and cashflow - two vital areas that can make or break your business. 🌊 Profit is what you make after all your expenses. It's crucial for the long term sustainability of your business. 🌊 Cash Flow is the lifeblood of your daily operations. Without, even a profitable business can struggle. Having a clear understanding of your numbers will help your business to thrive rather than just survive! 🌊 Watch this weeks video to learn more and to make sure that your business stays afloat. If you watch to the end you'll see what I look like after racing for a mile 😂 Follow hashtag#BookkeepingTipsFromTheBeach for more tips and advice to help you face the waves 🌊