My Checklist of Financial Must Haves

Your Bookkeeping Matters

Running a business without solid financial systems is like driving with your eyes closed. It’s risky, stressful, and unsustainable. This checklist covers the non-negotiables every small business owner must have in place to avoid the chaos and keep things on track.

Whether you’re in your first year or five years in, these seven financial must haves are what I make sure every client of mine is across, because they’re the difference between winging it and running a profitable, compliant business.

This isn’t a scare tactic. It’s a practical guide to help you stay in control, avoid costly surprises, and make smarter money moves with confidence. You don’t need to know everything, but you do need a solid handle on the essentials or the right expert in your corner.

If you're unsure whether your financial setup is working for you or against you, this episode is your starting point.

Here’s what’s covered:

• The two business bank accounts I consider non-negotiable (yes, two)
• The mistake I see far too often when it comes to GST
• Why staying “sort of” up to date with your numbers won’t cut it
• What should always be on your invoices, and when it’s missing what it says about you and your business
• The smartest move you can make, even if you're not a finance person

Links & Resources Mentioned in This Episode:

• Previous Podcast Ep: 78 Is Your Tax Invoice Giving Me a Headache?
• Bookkeeping Matters Learning Hub
• Blog post: The 6 Bank Accounts Every Business Needs