I've noticed a recurring problem for seven and eight figure business owners. They have a bookkeeper, but they don't have clarity.
Most people think bookkeeping is just about data entry and staying compliant with the government, but that's only the tip of the iceberg. If you're only getting reports at the end of the month, you're looking at history instead of shaping your future.
In this episode, I break down the four levels of bookkeeping capability. We move from the traditional "office junior" style of entry all the way up to the financial analyst level. I explain why a BAS agent is a legal necessity for your GST, how software integration experts can fix your messy workflows, and why a true financial analyst is the real CFO of your business.
I also share some hard truths about why paying $40 an hour for an external bookkeeper is a massive red flag. If you don't understand your margins, your true break-even point (beyond just the profit and loss statement), or the impact of your next hire, you're flying blind.
It's time to stop treating your numbers as an expense and start seeing them as a return on investment.
If you'd like to get in touch, I'd love to hear from you!
You can visit http://businessunlocked.com.au or shoot an email to [email protected]
This is a Podvan Media production.