Even if it’s an Excel spreadsheet, having your
bookkeeping system in place from early on in the
business means you won’t be scrambling to put
that in action when you have an expected flurry in
new business.
Having standards in your pricing based off of
how much an item truly costs, instead of what
you think people will pay, means you will MAKE
MONEY! What?!? I know it’s crazy, but just because you’re passionate about what you do, doesn’t
mean you can’t make money too.
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then say my accountant’s prayer:
God grant me the serenity to accept the
taxes that I cannot avoid;
The courage to charge what I’m worth;
And the wisdom to know when to hire a
bookkeeping badass.
About the Author
Situation:
It’s all Greek to you. (Hint that’s the word bookkeeping in Greek; don’t ask me how to pronounce
it though.) Instead of getting help, or reading an
easy book on the subject, (seriously, this book is
only 100 pages, in large type), you’ve just assumed
that you won’t get it so why even try.
Solution: Call in an expert! Bookkeeping is based
on a simple concept - record sales and record
expenses. Granted, there are a lot of other factors
depending on the complexity of your business, but
just because you don’t get it, doesn’t mean you
can’t find someone to help you learn.
If numbers aren’t your strong suit, all the more
reason to outsource the sometimes, I admit it,
mind-numbing minutiae that is bookkeeping.
(And I even love numbers, but there’s only so many
hours a day you can spend looking at reports, before you start seeing things)
Even when you’re starting out, paying someone to
take a look at your numbers, at least once a year,
can save you tons of money in the long run.
Bottom line (accounting pun intended), learn to
love your numbers and see them as an powerful
tool to help you refine your business and turn a
healthy profit.
And if you can’t seem to find a zen money mindset,
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After 4 years running an eco-friendly clothing line and 14 years in restaurant accounting and management, Dallas-native, Melissa
Capps, found her calling and realized her
strength was in numbers, literally. Through
Able Endeavors, the bookkeeping and profit consulting practice, Melissa helps other
creatives account for their thriving businesses
with custom bookkeeping services and budget planning. Melissa has honed her craft to
help entrepreneurs understand that financials
report don’t have to be scary; they can be
downright empowering.
ableendeavors.com