Creating an Accounting Foundation for your Design Business with Erin McGhee

Today I am welcoming Erin McGhee to the podcast. Erin describes herself as an Accounting Manager for service-based businesses. Her big goal – to put you in charge of your money. As you can tell, we have a lot in common. Listen in as we discuss what is needed to have you in the driver's seat of your business vehicle and what it takes to keep you there.

Topics Mentioned:

• Organize

• Implement

• Maintain

• Financial Process

Key Thoughts:

• My process and any service that I offer my clients, we follow the organize, implement, and maintain framework, and that organizes the first piece with any client where we truly dive into those foundations. Erin McGhee (8:55)

• Your chart of accounts needs to be detailed enough that you can look at them and analyze and make decisions for your business, it doesn't mean you won't have to dig down further here and there, but you should be able to look at it and make decisions. Michele (9:55)

• My goal is simple. It's to put owners in charge of their money. Erin McGhee (16:21)

• I do not ever want the owner of a company to feel like they don't own their books, you own them, period. Michele (18:03)

Contact Michele:

• Email: [email protected]

• Facebook: Scarlet Thread Consulting

• Instagram: @ScarletThreadATL

• Instagram: @MetriqueSolutions

• Website: ScarletThreadConsulting.com

• Website: MetriqueSolutions.com

• LinkedIn: Michele Williams

Contact Erin:

• Website: ErinMcGhee.com

• Instagram: @erinmcgheellc

• Email: [email protected]

References and Resources:

• MetriqueSolutions.com

• Work with Me

• Recommended Chart of Accounts from Erin McGhee

• A Strong Core for Body and Business Ep 040 with Kolleen Losch

• E-Myth Revisited by Michael Gerber