Your Financial Admin Questions Answered!

Catherine is joined this week by her business partner and husband, Stephen, the “spreadsheet geek” and financial director of their jointly-owned businesses. In this edition, Catherine and Stephen were live with the community, who took the opportunity to ask about the pressing question of financial admin, and how it can be made easier, more secure and more efficient. Catherine and Stephen answered as many community questions as they could, and now you can hear those answers for yourself! KEY TAKEAWAYS Stephen’s experience in finance has seen him in roles such as management accountancy, corporate and systemisation. Part of his personal mission was to automate and systemise as many of his daily tasks as possible. Book-keeping can be outsourced to a virtual assistant in order to minimise the costs you pay to accountants. Accountants should really only be used for tax advice and end of year accounts submission. Monthly reports, bank reconciliations, client invoices, statements and everything day-to-day, should be handled by your virtual assistant, leaving you to perform the few tasks they can’t do. Depending on the types of tasks being handed off, you may need to find VAs with specific financial experience, such as book-keeping or accountancy. They don’t necessarily need to be full-time. For automation, Stephen recommends using Zapier to find out if any of your processes and workflows can be systemised, freeing up more time for you. Using LastPass is an effective way of protecting passwords and which also allows you to share access to team members without them having the ability to see the password itself. Developing a leveraged lifestyle for yourself is a constantly evolving mind-set. You will find new ways each day, in many different areas. BEST MOMENTS ‘He is kind of the man behind it all!’ ‘I married well!’ ’You can afford to do it at £3 an hour’ ‘I like it, it’s a bit geeky’ ‘Understanding what it means to have a leveraged lifestyle, to automate, is an ongoing skillset that you learn’ VALUABLE RESOURCES   The Leveraged Lifestyle Podcast Zapier - https://zapier.com LastPass - https://www.lastpass.com    ABOUT THE HOST Catherine is an iTunes No.1 podcast host of Leveraged Lifestyle, entrepreneur, businesswoman, an Inspirational Speaker, world record holder, Co-Director of Ideal-Collective.com and a mum of 2! Catherine quit being an employee in 2013, after working more than 50+ hours on average a week, over 3 jobs. Jobs, hours and a lifestyle which led to a diagnosis of clinical depression before the age of 25. In 2011/12 Catherine discovered the power of investing in property, and tried many different property investment strategies over the years, finally settling on Serviced Accommodation in 2015, which has now grown from one unit in her home town of Chelmsford, Essex to over 50 across the UK, helping investors, landlords and developers create a better return on their money or property. This year, Catherine and her husband Stephen, also her business partner, joined forces with the Directors of LoLite Homes to create the Ideal-Collective.com, which is all about leveraging the services and knowledge of all four Directors when it comes to Serviced Accommodation, Social Media, Finance & Virtual Assistants. Catherine started Leveraged Lifestyle podcast to give business owners and those not leading their ideal lifestyle, to learn the mindset and skill set it takes to create a lifestyle of Freedom, by leveraging time, money & knowledge and using outsourcing and systemisation. CONTACT METHOD http://www.ideal-collective.com [email protected]/catherineanntwww.facebook.com/catherineturnerspeakerwww.linkedin.com/in/catherineturnerspeakerhttps://itunes.apple.com/…/leveraged-lifestyl…/id1380225106…https://www.stitcher.com/…/progressivepr…/leverage-lifestyleLeveraged Lifestyle Community: bit.ly/llocfbgroup Elevate your Self, Wealth & Health, inspirational, mindset, lifestyle, experts, entrepreneurs, entrepreneurship, woman, public speaking, healthy, body, mind, soul, spiritual, energy, self, worth, development, help, passive income, success: https://www.instagram.com/catherineannt/