Does the mention of the word bookkeeping make you nervous? It can all feel really intimidating. We are here today to put your mind at ease when it comes to handling your finances. So sit back, grab your cup of coffee, and let’s get to learning!
The first question we are answering: Who needs bookkeeping? The answer is simple, YOU DO! If you find yourself reading this right now and you are a small business owner specializing in e-commerce, the chances are that you need bookkeeping.
Every small business needs to have a good bookkeeping system in place in order to succeed. There are a lot of moving parts in online business and it’s important that you capture every financial transaction flowing in and out of your business. If you have already started your business and you are a few months in or a few years in, it’s okay-it’s never too late to start doing your bookkeeping!
If you are about to start a business, here’s a tip for you: As soon as you make or spend your first dollar, start tracking it! You’ll be setting yourself up for success on day one!
The second question we are answering: Who should handle the bookkeeping?
Well, that depends on where you are at in your business. If you are just starting out and you do not have the finances to outsource your bookkeeping, then you should do it until you start making a steady income! We think that you can do your own bookkeeping as long as you are staying on top of your incoming and outgoing finances, and you don’t put off this task until the end of the month or when it comes to tax season.
If you find yourself placing it at the bottom of your task list or you’re not sure that you are doing your bookkeeping correctly or it’s become too much for you because your business is growing, you should outsource your bookkeeping to a professional that you feel comfortable with and believe have proven trustworthy to handle your books.
To learn more about the WHO of bookkeeping or if you want to go ahead and learn about the WHAT, WHEN, WHERE, and WHY sign up for our FREE BOOKKEEPING COURSE.
Or if you are wanting to outsource your bookkeeping we would love to have the opportunity to chat with you about the bookkeeping and tax services we offer here at Steadfast! You can learn more about our company and what services would best fit your business by clicking right here.
We hope our free course helps give you the confidence to keep growing your business!