Are you someone who gets intimidated by finances in your business, and you just are not sure where in the world to start? Well, I am bringing a very requested topic to you all on bookkeeping 101. I have our friend Olivia with us today and we’re going to talk about the difference between a bookkeeper and an accountant, a few of Olivia’s top bookkeeping and finance practices she recommends for entrepreneurs (and yes, that does include how to pay yourself and how much to pay for taxes), the difference between sales and profit, and the term “knowing your numbers” because that’s something that gets thrown around a lot. Get ready, because you are going to walk away with some super tangible steps from this short, yet packed episode!

 

You are going to learn all about: 

 

• The difference between a bookkeeper and an accountant 
• Olivia's top bookkeeping and finance practices 
• How to pay yourself 
• The first steps to take when figuring out taxes 
• The difference between sales and profit 
• What it means to know your numbers 
• Olivia's bookkeeping software recommendations 
• The reports we should all be looking at routinely 
• When to know it's time to hire a bookkeeper 
• How to budget and forecast 

 

SHOW NOTES: 

https://clairehunt.co/blog/bookkeeping-101-with-frolic-bookkeeping/

 

RESOURCES MENTIONED IN THIS EPISODE: 

Check out Olivia’s profit and loss spreadsheet. You can get 20% off with the code ALLANGLES.

 

Follow Along and Chat With Us

Follow Claire:

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Mentoring With Claire

 

Follow Olivia:

Olivia’s Instagram 

Olivia’s Website