You are in the Bookkeeper Phase!
Only thinking about year end taxes?
Chances are you scramble for year end tax prep, and wait on your CPA to tell you how you did the previous year. Good news is compliance and accounting doesn’t have to just be a cost of doing business. Below are some steps you can take to find more time and money in your business!
Learn the right next steps…
To go from accounting overwhelm to total control over your business finances.
Next Steps from Bookkeeper to the CFO Phase!
Identify your KPIs, review them regularly, create systems to stay tax ready and compliant.
Now, if you are in the bookkeeping phase, and you are tracking your expenses and want to see your business go to the next level, you need to learn to read. Reading your financial data will move you from being a bookkeeper to a CFO, someone who looks at key metrics and makes decisions based on them. Here you’ll need to identify key performance indicators (KPIs) and integrate them in your business. Meaning, make them a part of your management or staff meetings. Here you’ll be reading reports generated with solid recorded data.
1. Integrate Reports
What you measure is what you master. Create and read daily, weekly, monthly, and quarterly financial reports. For example you may want to look at sales daily or weekly, and certain categories of expenses monthly or quarterly. Apps like Xero and others allow you to automate these reports delivered to your inbox.
2. Inform Staff
Performance indicators lose their power when they aren’t shared regularly with the right people. Having them on the agenda of your routine meetings offers consistent accountability that moves companies to positive growth.
3. Improve Your Business
Regularly looking at your financials gives you the ability to make confident and clear decisions.
Could 30 minutes change the course of your business finances?
Marcus Mire, CPA | Founder of MireGroup CPAs
Schedule a 1 on 1 meeting with Marcus Mire to discover the next steps to go from accounting overwhelm to total control over your business finances.
If you want a more in-depth look at your exact business and how the Total Control Accounting system can help you, I offer a one on one consultation that gives you a comprehensive plan on the software, tools, and team it would take to get your business running at the CEO level. It’s $50 for a 30 minute consult, and if you haven’t gotten 10x the value at the end of that meeting then you’ll get your money back.