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Bookkeeping: What is it? Why do it? episode artwork

Jun 22, 2023 26 min

Bookkeeping: What is it? Why do it?

from It's Not About The Money Hosted by Steve Nay and Tyler Smith

What is bookkeeping? Why do you need it as a small business owner? How do you get started? In this episode, Steve and Tyler dive into these questions and give you practical tips, whether you're just starting out, you are doing the books yourself, or you're ready to hire a bookkeeper. 00:00 Cashflow problems as a factor in business failure 01:35 What is bookkeeping? 07:31 How do you start keeping the books for your business? 11:09 Okay, you have a separate business account. Now what? 14:41 Common bookkeeping mistakes 20:02 What are the benefits of good bookkeeping? Links: "What to do when you can't afford a bookkeeper" from "By the Books" podcast: https://www.youtube.com/watch?v=Sdv0qO4kUVQ --- Steve Nay: https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/

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Bookkeeping: What is it? Why do it?

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Chapters

  1. 0:00 Cashflow problems as a factor in business failure
  2. 1:35 What is bookkeeping?
  3. 7:31 How do you start keeping the books for your business?
  4. 11:09 Okay, you have a separate business account. Now what?
  5. 14:41 Common bookkeeping mistakes
  6. 20:02 What are the benefits of good bookkeeping?

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This episode was published on June 22, 2023.

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