Who loves book keeping? Not a lot of people but I do! Why? Because without good book keeping in your business you can very easily make poor financial decisions based on incomplete or completely wrong data.  The good news is you don’t have to do the book keeping yourself.  There are financial professionals that can help keep your books in order and make your life easier.

Your number one job as a business owner is to manage the entire operation.  You’re not a book keeper.  You’re a business owner.  You need to be managing your team, production and sales.  If you head is stuck in the books doing the book keeping yourself you are selling yourself short.  And if you aren’t doing any book keeping then you are in trouble.  Without good book keeping you can’t keep score.   If you boat is taking on water you need to find the leak.  If you can’t find the leak your boat will sink!   You need to know where your business is doing well and where its taking on water.

You can keep your books in order throughout the year or you can pay a CPA to wade through the mess of receipts and transactions at the end of the year.  You will pay a CPA over $100 an hour to sort receipts and transactions.  A good book keeper will cost $35 to $50 an hour and can work with your office manager to keep everything in line.  Your book keeper can help with invoicing, accounts receivable, accounts payable, reconciliation, etc. Borrowing money from a bank?  Your going to need to have your financials in order for them to take a solid look at any financing options.

Having your monthly financials in orders helps you stay on top of your receivables, accounts payables and let you keep track of your GROSS PROFIT and expenses.   It’s extremely important to keep score regularly!  If you don’t keep score you don’t know who wins.  If you don’t know who wins what’s the point in playing the game?

In the game of business you still don’t go home with a participation trophy when you lose!