Get a dedicated finance professional working for your business today!
My first opportunity
Two years ago, I helped a friend put together their accounting system, and then when I saw her books I asked if she could look at her Financial Statements and understand them. She didn't. She didn't know which service was bringing more revenue or she didn't know which service is the most profitable.
After setting up her accounting system, I created one revenue account for each service and I created an expense account for each service expense.
That way, she could see which service was bringing in more money, which customer should be rewarded, and which service is more profitable.
Once you have your accounting accurate and set up for your own business, it is easier to read your Financial Statements and make wiser decisions!
My first Accounting Client
Almost 2 years, I received a call from a woman who wanted my help with her books. She had a trust issue with her previous accountant and she knew one of my values is confidence and trust.
When I looked at her accounting system I told her that she would pay too much in taxes because the books were not accurate. I saw all year again and with the help of my certified accountant partner, we could increase the accuracy of the books and decrease the taxes by 50%.
I continue working with her and she now sees the importance of keeping records clean, saving all receipts to document everything, don't mix personal and business expenses, and having everything archived in a way to be easier to find any paper you want.
What you will gain
You will have your chart of accounts set up for your business for you to be able to read your business story on your numbers
You will be able to have your invoices accurate and paid sooner
You will have your supplier happy because you will be able to pay them on time
You will have all accounts reconciled monthly