Your bookkeeping can be 100% outsourced, but you need to know the basics. You don’t have to ACTUALLY do your bookkeeping, but you need an understand of your money flow.
Here’s what you need to know:
- Bookkeeping terminology
- Your way around your accounting software
- Where your money is going
- Be on top of your money flow
- How certain transactions should be posted like your income, paying yourself, and when you fund your business money
- Read financial statements and what to look for
- Which financial statements you should review monthly
- Oh, there’s more…
Go over to my page to find out what ALL entrepreneurs need to know.