financials sector Show Us Your Books! Bookkeeping Systems & Processes for Entrepreneurs

Keeping your business books (aka. bookkeeping) is a critical aspect of running a successful business. In this episode, we explain what bookkeeping is, help you establish a bookkeeping process, and select the best tool for your bookkeeping needs.

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Show Notes: https://tomandariana.com/31

Time Stamps and Key Insights:

[ 00:54] – Welcome
[ 06:08] – What does it mean to keep the books?
[ 10:46] – How to track
[ 11:28] – The different systems that will show you exactly how to analyze your financial information
This is neccessary to get a clear picture of the inside of your business, and will allow you to have a better idea on what changes to make,if needed
[ 12:37] – What is your business model? How will this change what your bookkeeping looks like?
What makes your business money? What are your expenses?
Mapping your processes
Decide who will do bookkeeping
[ 15:04] – Outsourcing
[ 19:22] – What is the right system? What are the most popular?
Quickbooks
Xero
FreshBooks
Wave
[ 21:10] – “Define your process, define the requirements for what you need and weight it against the different options.” – Tom
[ 24:50] – Your Homework
[ 25:52] – Tom’s Bookshelf

financials sector Show Us Your Books! Bookkeeping Systems & Processes for Entrepreneurs
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