If you thought getting into business meant counting phat stacks of cash, but you’re actually sorting phat stacks of receipts instead - this blog is for you. Because there are two ways to go about your bookkeeping and you bet I’m about to walk you through them. 

1. Outsource all of it. (just do my taxes and tell me I’m wealthy).

2. Manage it yourself. (wtf, who has time for that?!)

Outsourcing may seem like a no-brainer, but, it’s not that simple. Truth is… you’re the best person to do your bookkeeping because you know what’s going on day in and day out. 

When relying on outsourcing becomes a problem

Imma back up for a second here. Because I want to be clear: there is a time and a place for outsourcing your bookkeeping. But, there’s a hella good amount of work that we, as small business owners, need to do (and understand) before really reaping the benefits of it! Time and time again I’m seeing Canadian small business owners hiring out their entire financial process too early, not realizing that outsourcing is not for everyone. 

Saying you’re going to outsource your books doesn’t guarantee that you won’t be scrambling at the end of the year or that you’ll even know your numbers… that’s a problem amiga! 

You’re still responsible for knowing what your accountant is asking for or even talking about. Even more importantly, you’re still on the hook for providing the proper information for bookkeepers to do their thang. That may not seem like a biggie, but it can leave you without accurate information that’s required to make those money move$ we just talked about. 

I’m fired up about bookkeeping because it’s the bones of your biz. And far too many small business owners are letting the days, hours, and minutes go by without getting a hold of their finances. But, I’m on a mission to change that. So, let’s take a look at how you can start getting organized in a way that makes sense for you and your business.  

Learn how to bookkeep properly for your biz. And if ya don’t know, now ya knowwwww

What if I told you there was an easier way to learn what goes where in your books? 

Ok, maybe not in *physical books*  but the online cloud-based bookkeeping tools (like Quickbooks Online). You know what I’m talkin’ about!

You’re invited to join Bookkeeping Bootcamp, my signature course for Canadian service-based business owners who are ready to take control of their finances. 

I’m not above telling you to stop ordering Venti Lattes with extra fixin’s because ThEy’Re A tAx WrItE oFf, but I’ll also tell you what you could be writing off instead.