5 Tips for Mastering Your Numbers
“The numbers are the story of your business” – Diana Gleason
Numbers, numbers, numbers. We all get into this creative industry because of the numbers, right? Heck no! We love the pretty, we love the events, we love what goes into creating a stunning event. Numbers are not at the forefront of our minds all the time, BUT it should be.
With a year like we’re having in 2020, the financial side of your business is the most important detail you can pay attention to. With PPP, EIDL, and the many different types of funds coming into our accounts, it’s imperative to have a bookkeeper to assure you are handing your accounts and reporting the right way. But let’s take it a step further and make sure we are analyzing that information more than just a glance here and there. Having a bookkeeper on your side, who’s rooting for your business, will look at this and keep your business in check.
Diana Gleason with Cubepros joined us on the podcast to have just an honest conversation about the numbers side of small businesses. She gave us some important information and tips on how we as small business owners can assure our numbers are in check when it comes to the way we run our business.
Here are the top strategies your bookkeeper should be able to do for your business:
- Trim the extras. Where are you wasting money?
- Prioritizing your efforts. What’s your business plan?
- Looking to hire another employee, feeling burnt out? This might be what you need!
- Industry-standard comparison analysis. Set yourself up for success.
- Sales Tax compliance is important, the right amount though. Not more or less!
- Distributions. How can you pay yourself what you deserve?
- Accounts receivable. Are you getting paid on time?
- Can we integrate any other programs to work for you?
Listen to the episode on Apple or Spotify!
