1099 CRNA Institute: Thrive as your own boss-Bookkeeping Basics for 1099 CRNAs

Bookkeeping Basics for 1099 CRNAs

Video Transcription

Video Summary

In the video, Sharon and Jeremy discuss the importance of bookkeeping for individuals starting a 1099 career. Bookkeeping involves organizing financial transactions to track income, expenses, and deductions accurately. It helps understand business performance and tax obligations, ensuring legal compliance and providing clarity on expenses for tax deductions. They emphasize the need for separate business accounts, using software like QuickBooks, or tracking expenses through spreadsheets or pen and paper. Establishing a routine for bookkeeping, labeling, categorizing transactions consistently, and backing up data are essential practices to stay organized and financially sound.

Keywords

bookkeeping

1099 career

financial transactions

tax obligations

QuickBooks