Event Planners: Budgets and Tips to stay on Track.

If you love bookkeeping, put your hand up. Thought so!

Let’s be honest, the majority of us cringe at the thought of creating (and maintaining) an event budget, even though it’s an integral part of being a successful event planner.

Many of us would rather do anything (I mean anything!) other than our weekly or monthly bookkeeping for our events or event planning business.

Over the years some of us have learned the hard way what with ignoring receipts, invoices, and financial accounts causing a lot of stress.

Following small, simple bookkeeping tips makes organising events and an events business a lot easier and more fun.

The following bookkeeping tips will save you a lot of time and many headaches!

Tip 1: Book keeping is all about the habit of documenting your receipts and expenses.

Determine a day and time each week to input your event expenses.

Tip 2: Have a separate business account that you use solely for your events or business.

This way it’s easy to check your balance and monitor transactions.

Tip 3: On all your receipts, circle the date, amount paid and write the event name on the top.

By doing this it saves time when documenting your receipts and makes finding relevant information easier if you need to search for it once the event is finished.

Tip 4: Keep your receipts by either filing them appropriately or by scanning and saving them in a specific file.

This reduces paper, clutter and if organised can make it very easy for you to find the information later.

Tip 5: Hire a business accountant who can help you save money, answer questions, grow your business and do your annual taxes.

Source : http://eventplanningblueprint.com

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