The Person With the Most Financial Control in Your Business
Jan 30, 2023It's not your CFO or tax professional, so who do you think it is?
You may be surprised to find that I believe your bookkeeper has the most financial control in your business. Your bookkeeper determines how your financial data is logged and shared. They hold a lot of power in the decisions they make.
If they don't have a basic understanding of what is deductible, you could be missing out on tons of tax savings.
"If you can find someone to work with who's really good and works well with you as a communication channel and as a resource and just a sounding board, then you found a great professional to work with."
In this episode, you will learn the following:
- Who has the most financial control in your business and why?
- What are the risks of hiring a low-cost bookkeeper?
- What are the benefits of investing in a professional, reliable bookkeeper?
What you'll hear in this episode:
- The one role in your business that has the most financial control
- The bookkeeper has a lot of control over your money.
- If you have the intention of hiring someone and you plan to grow with them, you can create a lot of financial empowerment
- You could be missing out on deductions that the person doesn’t have a basic understanding.
- You get what you pay for in my opinion.
- The bookkeeper has the most financial control in your business because they are at the helm of every important decision.
Related episodes:
194. How to Read a Balance Sheet
199. How to Set Effective Goals for the New Year
Resources:
Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/
Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
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Hire us: https://www.fitnancialsolutions.com/accounting
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
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Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
