You know as much as I, time fly’s by. If we are looking or not, each year is faster than the last, the months get faster each year, and the weeks go faster each day. I’m taken back how fast time goes now compared to before I had a child, especially before I had a child AND a blog business. Today, I want to share what blogger’s should be doing every quarter {and sometimes every month}.

I just finished my yearly tax appointment with my accountant, and it’s a painful reminder that more tracking needs to be done to really keep the blog and business up and running. I spend almost an entire day {off and on for 8 hours}, logging my expenses from last year. It was my fault for trusting a free online resource I shouldn’t of, and it totally messed up my expenses and well, everything. It was easier to just start over. And it was SO worth it. Through this experience, I learned of more tax write-off’s I wasn’t utilizing, and have a specific monthly and quarterly blogging list for myself.

Simple things each blogger should be doing monthly, but especially quarterly

  1. Access all business goals
  2. Set blogging goals
  3. Record all banking fees
  4. Record all income
  5. Record all expenses
  6. Balance your business blogging checking account
  7. File away all paper invoices etc.
  8. Save 20-30% of your income {or more}
  9. Follow up on unpaid invoices
  10. Generate a monthly or quarterly profit loss statement and CELEBRATE

10 things bloggers need to do MONTHLY {and especially quarterly}

Access all business goals

When you set your goals you want to believe that you will reach and exceed them. I know, we all do this! But the reality of the matter is, you might not want to. Time changes things and online business is not exempt from this fact.

If you must, totally scratch a goal, or move it to next quarter or even next year. Remember there’s not a blog book that was wrote just for you to manage your blog. It’s yours run it in a way that makes you happy.

Set {new} blogging goals

Especially if you scratched some, you might want to set new goals or adjust some. I’m always doing this. Every time I fold a load of clothes I seem to get a new idea about something. Last week, I asked my husband if we could get a nanny/maid so I could spend more time reaching my goals and less time worrying about the laundry and dishes. Talk about a GREAT IDEA right? 

Seriously, don’t be so hard on yourself if you need to change things up, but also don’t stop striving.

A goal without a plan is just a wish Click To Tweet

Record all banking fees

PayPal, Stripe, Wave, Freshbooks {that’s an affiliate link but my favorite business tool, I’ve been using for years}, however you invoice, they take something. Don’t forget to claim it on your taxes. And don’t be like me and procrastinate so it takes hours upon hours to prepare any financial answers.

Record all income

You want to know what you are going to be celebrating, right? Plus, you don’t want be like me and procrastinate so it takes hours upon hours to prepare for quarterly reports and end of the year taxes.

Record all expenses

I know boring… But DO NOT be like me and procrastinate so it takes hours upon hours to prepare for quarterly reports and end of the year taxes. It wasn’t till I started using Freshbooks Accounting for EVERYTHING it is good for that it became easy. Seriously, you write it down in your checking account anyway {or if you don’t PayPal keeps that activity pick a date and do it once for the whole month}, just record it. It takes about 5 seconds 😉  I do mine every 7th of the month!

Freshbooks accounting for expense tracking for bloggers

Freshbooks is also a great time tracker, and that’s what I used it for first… But the expense are so streamlined that I’m kicking myself for not using them for this from the beginning.

Balance your business blogging checking account

Another thing that can be highly procrastinated in our house, I’m sure you don’t have that problem and I probably should of left it off the list though right?

Save 20-30% of your income {or more}

This is super important if you want to be prepared for tax day! Maybe you want to save less or even more. As your tax preparer for the best plan based on your family’s income situation. Paying quarterly taxes might even be smart, pending on your state.

File away paper invoices etc.

Personally I don’t do this anymore, I use strictly digital files. Something I started in 2017, to save even more time in business. If you still do the papers, file them away. If you’re like me and just want to be done with it, download the PDF or screenshot of the invoice etc, and save it to your Dropbox or Drive. You’ll be so happy you have them if you ever get audited!

Follow up on unpaid invoices

Hopefully you are able to skip this one, but sometimes it happens. Emails slip through the cracks, people take vacations, or just plain get busy and forget to pay you for the wonderful job you did. Don’t just wait for them to pay up, follow up!

Generate a monthly or quarterly profit loss statement and CELEBRATE

We can skip this part, but that’s not the point. It’s so easy to say to yourself, “okay I did that, now what’s next.” But when next month comes around and you get hit hard with the flu and get nothing done, or want to go on vacation but feel like you will get nothing done and fight with yourself if it’s a bad idea or not… You can remember what you really did get done, because you celebrated. Celebrate your victories, as them come, monthly and quarterly! You earned it!

What do you do monthly, for your blogging business?

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