EP 152: Improving Your Financial Reporting Strategy with Nathan Jenson

Have you been checking your bank account amount all the time to see if you have enough money? Or perhaps you rely solely on your profit and loss statement in QuickBooks to gauge your financial health? Now is the time to take charge and improve your financial reports with Nathan Jenson.In this episode, we talk about:Financial reporting methods: checking account reporting, P&L analysis, and understanding metricsWarning against relying solely on checking account reporting as it can lead to bounced checksThe importance of having accurate data and a book to track financial informationUsing tools like QuickBooks or a dashboard to determine available funds after all transactions have clearedDifference between profit and cash flow and the importance of managing both effectively.Mentioned:Nathan's LinkedIn AccountE-Myth bookNathan's Website - zerotocfo.comNathan's email address - [email protected] to Resources:Get the blueprint to create financial freedom & more free time before burnout or bankruptcy happens.A complete Done-With-You Program - Join the Profit Club Join the Free Facebook Group - The Contractor Profit BlueprintSupercharge Your Sales - Sales AcceleratorGet Paid for Estimates - Free Sales GuidePlan Your Profits - Profit JournalHelp us get the word out to other contractors by leaving us a review or sharing our podcast! Hosted on Acast. See acast.com/privacy for more information.