Following proper accounting practices lets us track our income and expenses and have a better idea of our business's financial big picture. In this episode of All Up In Yo Business, I'm breaking down a few accounting tips that you need to know as a freelancer, sole proprietor, or singlemember LLC. Plus, hear why Lili may just be your spot for the best business bank account and banking app for small businesses.

THANK YOU to our friends over at Lili for sponsoring this episode! Lili offers feefree business banking with a suite of techdriven accounting tools. If you are a sole proprietor, freelancer, or singlemember LLC looking for a tool that gives you work/life balance in one account, then look no further than Lili. Check them out using my affiliate link at https://bit.ly/liliauiyb

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 1580 N. Logan St., Ste 660, PMB 92925, Denver, CO 80203. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorneyclient relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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#AllUpInYoBiz #Lili #Accounting

00:00 Intro
01:17 Lili Banking App for Freelancers
02:35 What is accounting?
03:27 Why should I care?
04:37 Separate business bank account
07:16 Accounting program
09:10 Get organized
09:30 Save receipts
10:38 Plan for taxes
12:45 Save for emergencies and growth
14:36 Outro