Episode 23: Selecting the Right Bookkeeping System for Your Business
There is one thing that absolutely every business needs: bookkeeping.
You need it not just to report taxes properly, but to understand the finances of your business.
Selecting your bookkeeping system is one of the earliest decisions you'll make in your business.
But, let's face it, you’re not an accountant and may not know what you need or understand your options. And selecting a system without knowing those is like throwing darts blindfolded. Not every business has the same needs.
In this week's episode of Purposeful Profit, I'm going to take the blindfold off and help you figure out the best system for YOUR business (or evaluate whether your current system is the right one).
You'll learn:
The primary purpose of a bookkeeping system
The difference between single and double entry accounting (and why you care)
The major bookkeeping options in each category and the advantages and disadvantages of each
Mentioned in “Selecting the Right Bookkeeping System for Your Business” :
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