23. Selecting the Right Bookkeeping System for Your Business
Description
There is one thing that absolutely every business needs: bookkeeping.
You need it not just to report taxes properly, but to understand the finances of your business.
Selecting your bookkeeping system is one of the earliest decisions you'll make in your business.
But, let's face it, you are not an accountant and may not know what you need or understand your options. And selecting a system with those is like throwing darts blindfolded. Not every business has the same needs.
In this week's episode of Purposeful Profit, I'm going to take the blindfold off and help you figure out the best system for YOUR business (or evaluate whether your current system is the right one).
You'll learn:
- The primary purpose of a bookkeeping system
- The difference between single and double entry accounting (and why you care)
- The major bookkeeping options in each category and advantages and disadvantages of each
Mentioned in this episode:
- Get your Simple Financials Bookkeeping template
- Continue the conversation and book a free call
For the full show notes, including the transcript, go to www.carlamoats.com/podcast/episode23
DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.