Whether you're just starting your business or you've been an entrepreneur for a while, it's absolutely crucial to know your numbers. Doing your bookkeeping and understanding your finances is a must, but should you do it yourself or have it done for you? And at what point do you need more than "just" monthly bookkeeping and should consider having a CFO? In today's episode I'm breaking down the difference between DIY and DFY bookkeeping, when I've commonly seen people make the switch, and actual examples of the impact having your books done for you can have on your business.
What's in the episode:
Check out the Marketplace for our DIY Bookkeeping Template or learn more about our CFO services.
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Do you wonder why your bank account balance doesn't match your Profit & Loss? Maybe you had a great month and you're wondering where all your money is going. This is due to cash flow. Your cash flow is the heart beat of your business and for a business to be healthy, you need to have a healthy cash flow.
I have created a FREE Cash Flow Projection Template so you can maximize your cash!