Bookkeeping - What is it and why does everyone keep telling me I need it?
You add some stuff, you subtract some stuff and yay, you just bookkeeped (um no, and that is not a word).
You know you need it because, well, taxes, but you don't know how to actually do it. You don't know how to take all of that adding and subtracting and use it to benefit your business. You are a butcher, a baker, or even a candlestick maker, you aren’t a financial guru and you didn’t start your business with the hopes and dreams of becoming one.
You turned your passion into a money-making machine and now you feel like you are stranded on a deserted financial island. Well, consider me the Rory to your Lorelei. I am here to breakdown the lingo, the financial statements, the income, the expenses, and all things in between.
So, join me each week (and try not to fall asleep) as I introduce you to the wonderful world of small business financial management!