New Guide: Accounting for Entrepreneurs
Contents
New Guide: Accounting for Entrepreneurs
Even if you hate numbers, this free guide will get you on a solid financial footing.
Do you hate numbers? You’re not alone. Most of us go into business to pursue what we do best, and that often doesn’t keep up with the paperwork and convoluted numbers. But basic accounting skills (like all the other hats we wear as business owners) are crucial to running a successful business.
What belongs to “basic accounting skills”? Things like budgeting, recording business income, tracking cash flow, managing accounts receivable and collecting, managing payroll, and even filing taxes.
With basic accounting skills, it’s also easy to get an accurate picture of how your business is doing, whether your finances are trending positive, and what you might need to include. future financial decisions. These skills are also important for correct tax preparation and long-term financial planning that will help your business succeed and grow.
However, as your business grows, these basic accounting functions have their own complexity. Something as implausible as collecting money from customers can become a staple of a business’ survival. When surveyed, 51% of small business owners (SBOs) said it was their top accounting challenge. Payroll preparation is another arduous task; 50% of SBOs outsource this function to an accountant.
Tactical accounting tasks aside, with so much to do, little time, and the tendency to process numbers, it’s also become easier to make informed decisions based on what the numbers are telling you. more difficult.
With these challenges in mind, and to help you navigate this difficult topic, I’ve teamed up with Fundbox to develop the Ultimate Guide to Accounting for Entrepreneurs Who Hate Numbers.
In this easy-to-read ebook, we explain the basics, such as key accounting terms you need to know and accounting concepts you should understand. We also talk about the right time to work with an accountant, what an accountant can do for your business (and what they can’t), and tips on how to find and work with one. suitable accounting.
In this tutorial you will learn:
- 12 Accounting Terms Every Owner Should Know
- What is the Best Accounting Method for Your Business?
- What accountants can do for your business… and what they can’t
- How to Find the Right Accountant for Your Business
