What Solo Entrepreneurs Should Know
As a solo entrepreneur, you're not just building a business—you’re building a future. But while you’re focused on growth, client service, and daily operations, one critical area often gets overlooked: retirement readiness. At BruSue Bookkeeping, we believe your books should work as hard for your future as you do today.
Here’s what every solo entrepreneur in Surprise, AZ—and beyond—should know to align their bookkeeping with long-term retirement goals.
🧩 1. Treat Yourself Like an Employee
You wouldn’t skip payroll for your team, so don’t skip it for yourself. Set up a regular, documented owner’s draw or salary that reflects your role and responsibilities. This not only supports personal budgeting—it lays the groundwork for retirement contributions and tax planning.
📊 2. Separate Retirement Contributions in Your Chart of Accounts
Create dedicated accounts for SEP IRAs, Solo 401(k)s, or Roth IRAs. This ensures every contribution is traceable, deductible (when applicable), and aligned with your retirement strategy.
🛡️ 3. Build a Tax-Efficient Retirement Strategy
Retirement-ready bookkeeping isn’t just about saving—it’s about saving smart. Track deductible contributions, monitor self-employment taxes, and document quarterly estimates with branded clarity.
📁 4. Document Retirement Goals in Your Financial SOPs
Your retirement plan should be part of your business’s financial standard operating procedures. Whether you’re targeting a specific age, income level, or lifestyle, document it. Then reverse-engineer your monthly savings targets and expense ratios.
🔐 5. Secure Your Retirement Data
Use tools like Zoho Vault and Log360 Cloud to protect sensitive financial data. Retirement accounts are prime targets for fraud—your bookkeeping system should include audit trails, access logs, and encryption protocols.
Final Thought
Retirement isn’t a someday conversation—it’s a bookkeeping priority. With the right systems, documentation, and strategic clarity, solo entrepreneurs can build businesses that support their future, not just their present.
At BruSue Bookkeeping, we specialize in scalable, branded systems that empower entrepreneurs to plan with confidence. Ready to align your books with your future?
Book a consultation today.