Bookkeeping. I tend to see fear come from my retailers when I mention bookkeeping because they either don’t want to hand off the job to someone else, don’t want to spend the money, or they have fear of the HOW to simplify it. There is HUGE ROI in staying up to date with your book. Seeing your balance sheet, profit and loss statements and knowing your numbers in real time – is so crucial. Having your bills paid, being able to adjust and pivot with proper info, and the added bonus of peace of mind!!
No more lying awake at night worrying about that pile of paperwork!
In this episode, we share common fears: How will we communicate, how will we do this paperless? Even though I was afraid of the process, Kelly breaks it down for us.
Working with a bookkeeper and using simple tools to stay organized and up to date is key.
I always teach my Inner Circle members to jump right in with a bookkeeper. They know the rules and the laws that are constantly changing. This will keep your books clean and organized without the pressure of doing it yourself.
So let’s get real and honest about our numbers with Kelly, someone who truly speaks the language of virtual bookkeeping and will help you make this important investment!
Some resources for you…
Kelly has some wonderful FREE resources for you. Check them out HERE.
Automated Online Filing Systems. Receipt Bank (now Dext) and Hubdoc are two big players in this particular area. They will take your documents, pull all of the important data, and organize them accordingly. These platforms also have apps for your phone where you can simply take a picture of your receipts and organize them quickly!
Accounting Systems. Just having a spreadsheet is not going to cut it if you want to grow and see success. Quickbooks is the most well-known way to start.
A quote for you to take away…
“When you’re looking for someone to work with you in your business, especially with your finances, you want to find someone that has the heart of a teacher.” – Dave Ramsey
Did you find this helpful? Do you want more help so you can soar?
Here are some of the ways I support shop owners:
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This podcast is sponsored by my Retailer’s Inner Circle:
If you want to elevate your skills as a shop owner, and have been searching for a community custom-made for you, join us inside the Retailer’s Inner Circle.
My monthly membership group is for motivated and savvy shop owners who want to level up their retail skills, so that they see more profits in the till and joy in their life.
Imagine spending less time in your business and more profits at the end of the day because you’re laser-focused on doing the right things?
Our members include independent, heart-centered brick and mortar shop owners with all levels of experience. From start up to multiple years of experience; including solo-preneurs, makers, booth space owners, and more.
Finally! The answers you’ve been looking for and the community you’ve been craving. Stop wondering if you’re doing it right. We’ve got you.
We focus on helping you become the confident CEO of your independent brick and mortar. It’s education + encouragement + a supportive community you will love!
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The Shop Owner’s Game Plan
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