9 Bookkeeping and Business Finance with Frances Aronhalt

02/28/24 • 49 min

In this episode, Jaiden interviews Frances Aronhalt, a bookkeeper and CFO, about starting a business and working from home. Frances shares her journey of how she got started in her business and the importance of being home with her children. She explains the services she offers to business owners, including bookkeeping and CFO services. Frances emphasizes the need for business owners to have a plan in place for their money and to avoid chasing monetary goals without a strategy. She also discusses the importance of hiring employees and outsourcing to scale a business. Frances provides insights into determining personal income from the business and the role of business debt. She concludes by discussing red flags in a business bank account and the importance of ethical marketing. In this conversation, Frances Aronhalt shares insights and advice on bookkeeping and business finances. She discusses red flags to watch out for in business finances, the personal aspect of managing finances, and the importance of choosing a trustworthy bookkeeper. Frances emphasizes the need to create a safe space for financial discussions and provides recommendations for bookkeeping tools. She also highlights the impact of proper bookkeeping and offers advice for business owners, including the frequency of bookkeeping tasks and invoicing. Frances shares her thoughts on using QuickBooks and reflects on the importance of overcoming feelings of unworthiness in business.
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Previous Episode

8 TikTok, Finance, and Passive Income with Jess

In this conversation, Jess shares her journey from starting on TikTok to building a successful business. She discusses the importance of consistency and finding a niche on TikTok. Jess also provides insights on common money wasters and the impact of debt on financial goals. In this conversation, Jess and Jaiden discuss various topics related to finance, entrepreneurship, and social media. They emphasize the importance of setting smaller goals and taking action rather than waiting for the perfect moment. They also highlight the significance of managing finances and creating a budget. The conversation explores the relationship between income and spending issues, as well as strategies for increasing income. Jess and Jaiden share their experiences as business owners and the rewards and challenges that come with it. They discuss the value of learning new skills and the flow of money in the economy. The conversation concludes with a reflection on the different types of influencers and the evolving nature of influencer categories.
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Next Episode

10 How to Pay Taxes and Build Wealth with Savannah Rowley

In this conversation, Savannah Rowley, the owner of Tax Savi, discusses various aspects of taxes and tax planning for business owners. She emphasizes the importance of education and planning to avoid common mistakes, such as waiting until the last minute to prepare taxes. Savannah also explains the concept of quarterly taxes and the misconception that taxes are only due on April 15th. She addresses the fear of the IRS and clarifies that as long as individuals are honest and work with professionals, they are unlikely to face serious consequences. Savannah highlights the significance of bookkeeping and record-keeping for maximizing deductions and offers insights into tax avoidance and tax evasion. She emphasizes the importance of paying taxes and having ordinary income to support investments and financial goals. Savannah also provides guidance on tax strategies for obtaining loans and explains the implications of S corporations on taxes. Lastly, she clarifies the difference between marginal tax rate and effective tax rate and dispels misconceptions about tax deductions.
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