EP26: How to Hire Your Bookkeeper with Katherine Bell-Anthony

08/08/24 • 48 min

From Chaos to Clarity: Unlocking Your Business Potential

Summary:

In this episode, Sonja Jones interviews Catherine Anthony, the owner of Access Med Staffing Solutions Healthcare, about her experience finding a bookkeeper for her business. They discuss the importance of hiring a bookkeeper who can reconcile banking accounts, provide financial reports, and guide the business owner in areas they may not understand. They also talk about the benefits of outsourcing bookkeeping, such as freeing up time for other tasks and helping with budgeting and cash flow planning. The conversation highlights the need for entrepreneurs to invest in themselves and their businesses through continuous learning and seeking mentorship.
Takeaways:

When hiring a bookkeeper, it's important to look for someone who can reconcile banking accounts, provide financial reports, and guide the business owner in areas they may not understand.
Outsourcing bookkeeping can save time for other tasks and help with budgeting and cash flow planning.
Entrepreneurs should invest in themselves through continuous learning and seeking mentorship.
Knowing your numbers is crucial for the sustainability of your business.
Chapters:

00:00 - Introduction and the Importance of Hiring a Bookkeeper
09:01 - Delegating Bookkeeping as Your Business Grows
19:24 - What to Look for in a Bookkeeper
25:21 - The Benefits of Outsourcing Bookkeeping
30:15 - Investing in Yourself as an Entrepreneur
44:22 - The Importance of Knowing Your Numbers
Join our Grants Aren't Free Community:
https://www.facebook.com/share/UfMyoUuW9gGad3K3/?mibextid=K35XfP
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...
bookkeeper, hiring, outsourcing, financial reports, budgeting, cash flow, entrepreneurship, investing

Previous Episode

EP25: Don't Ignore Taxes!

Summary
In this episode, Sonja Jones discusses where entrepreneurs' money is going and offers solutions to common financial challenges. She highlights three main areas where money may be disappearing: unnecessary expenses, taxes, and multiple entities. Sonja emphasizes the importance of tracking spending, reviewing subscriptions, and minimizing merchant fees. She also addresses the ignorance and fear tax, urging entrepreneurs to file taxes on time and seek professional help when needed. Sonja introduces GIP Academy, an upcoming online membership community that provides affordable financial assistance and resources for entrepreneurs.
Takeaways

Track your spending and review subscriptions to minimize unnecessary expenses.
File taxes on time and seek professional help to avoid penalties and fees.
Be aware of merchant fees and choose payment platforms wisely.
Consider joining GIP Academy for affordable financial assistance and resources.

Chapters
02:26 - Understanding Your Business Expenses
03:21 - The Profit and Loss Statement
05:59 - Differentiating Between Profit and Cash Flow
08:51 - Minimizing Unnecessary Expenses
11:45 - Minimizing Merchant Fees
14:32 - The Ignorance and Fear Tax
16:23 - Navigating Taxes
19:38 - Understanding Franchise and Excise Tax
24:10 - Multiple Entities: Seeking Professional Help
29:17 - Introducing GIP Academy
Join our Grants Aren't Free Community:
https://www.facebook.com/share/UfMyoUuW9gGad3K3/?mibextid=K35XfP
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...

Next Episode

EP27: Where to Find Budget-Friendly Bookkeeping

summary

In this conversation, Sonja Jones discusses ways to reduce bookkeeping expenses and access low-cost or free resources. She suggests consulting with an expert who offers free consultations and coming prepared with questions. Sonja also mentions outsourcing bookkeeping services through platforms like Fiverr and Upwork, but advises caution in ensuring expertise in US accounting practices. She recommends checking if accounting software offers live assistance or bookkeeping support. Sonja suggests looking for free resources provided by nonprofits and government organizations, such as webinars and consultations. She emphasizes the importance of learning basic accounting and joining online communities for support and learning. Sonja introduces GIP Academy, an online resource for entrepreneurs to learn bookkeeping and receive coaching and support. She highlights the benefits of investing in financial education and the resources available through GIP Academy.

takeaways

Consult with an expert who offers free consultations to reduce bookkeeping expenses.
Consider outsourcing bookkeeping services through platforms like Fiverr and Upwork, but ensure expertise in US accounting practices.
Check if accounting software offers live assistance or bookkeeping support.
Look for free resources provided by nonprofits and government organizations, such as webinars and consultations.
Invest in learning basic accounting and join online communities for support and learning.
Consider enrolling in GIP Academy for comprehensive financial education, coaching, and support.

Chapters

00:00 - Introduction and the Need for Financial Experts

02:44 - Consulting with Experts and Free Consultations

04:11 - Pros and Cons of Outsourcing Bookkeeping

05:35 - Maximizing Accounting Software for Bookkeeping

06:32 - Accessing Free Resources for Bookkeeping Support

09:53 - Learning Basic Accounting for DIY Bookkeeping

12:20 - Joining Online Communities for Bookkeeping Support

14:45 - Introducing GIP Academy: Your Comprehensive Financial Education Resource
bookkeeping, reduce expenses, low-cost resources, consulting, outsourcing, accounting software, free resources, basic accounting, online community, GIP Academy