6 Things Your Bookkeeper Wants You to Know
by Lauren Colson
As a business owner, navigating your finances can often feel like running through a maze blindfolded.
With all the responsibilities you’re juggling, it's easy to overlook the critical role that your bookkeeper plays in keeping your financial ship afloat.
To illuminate their value and enhance your partnership with your bookkeeper, here are six insights they want you to know:
Communication is Key:
Your bookkeeper is not just a number-cruncher; they are a vital part of your team. Keep the lines of communication open and transparent. Share your goals, concerns, and any changes in your business that may impact finances.
Understand Your Financial Reports:
Don't just glance at your financial reports; take the time to understand them. Your bookkeeper can help explain key metrics, trends, and anomalies, empowering you to make informed decisions about your business.
Invest in Professional Guidance:
While DIY accounting solutions may seem cost-effective, often times it ends up costing you more in the long run if mistakes are made. Invest in professional bookkeeping services to avoid costly errors and ensure compliance with financial regulations.
Budgeting is Not Just for Big Corporations:
Regardless of the size of your business, having a budget is crucial for financial planning and decision-making. Consider it your business's roadmap! Your bookkeeper can assist you in creating a realistic budget tailored to your business goals and priorities.
Separate Business and Personal Finances:
Keeping your business and personal finances separate is crucial to understanding the financial performance of your business and for tax compliance.
Your Success is Their Success:
Your bookkeeper is invested in the success of your business. They’re there to support you, provide valuable insights, and help you navigate financial challenges. Treat them as a trusted partner and leverage their expertise to drive your business forward.
Lauren Colson,
CPA, CEO
Lauren is a number geek with people skills! She's the owner of Colson Strategies, which provides Bookkeeping, Controller, and CFO services to small and medium-sized businesses. Lauren finds passion in helping business owners make the best, most informed decisions through financial information. She knows you're working hard to grow your business and as a financial expert, she doesn’t take that lightly. Lauren, along with her team, take the scary out of your finances so you can focus on what matters most.
Her job is to empower entrepreneurs with the tools they need to make the best decisions in their businesses. Lauren is more than a business owner - she is a mother of two, a coffee lover, and a book-reading, beach-loving, mindset enthusiast.
