Could you imagine buying a car without a speedometer or fuel gauge? As silly as that sounds, that’s how many new business owners operate when it comes to the financial status of their business: they’re flying blind. But it doesn’t have to be that way at all! This is definitely one aspect of your business where a little bit of well-done set up at the start will pay huge dividends throughout the life of your business.
How do we know? Because we’ve cleaned up quite a few accounting messes, most of which were completely avoidable.
In this course, you will create foundational structures to manage the financial operations of your business. You’ll set up the necessary accounts, build processes for making and accepting payments, and make a plan for handling payroll. You’ll build a budget and organize your chart of accounts in a way that provides you with meaningful insights about the profitability and cash flow needs of your business.
Good accounting is the key to being able to work smarter, not harder. Plus, it’s a lot more fun when you know how fast you’re going and when you need to stop and re-fuel!