Many business owners have a fear when it comes to dealing with financials, but it’s important that all business owners know their numbers and understand the core accounting concepts. Getting over that fear begins with education on the topic and also utilizing accounting technology to make life easier.

In this episode, Ramin Ramhormozi and Matthew May discuss the importance of knowing your financials, accounting tips, and the future of cryptocurrency. They also discuss the role of technology in accounting, paying internationally, and the benefits of having an accountability partner.

Topics Include:

Financials

The importance of knowing your numbers

The role of technology in accounting

Building an understanding of core concepts

Bookkeeping

Separating business vs. personal expenses

Sales tax solutions

Quickbooks Online

Paying internationally

Cryptocurrency

Accountability partners

And other topics...

Matthew May is the founder and VP of Marketing at Acuity. He refers to himself as an accounting translator for entrepreneurs because he helps business owners navigate tax and accounting rules. He enjoys volunteering in the Georgia technology community and serves on the board of the Atlanta Technology Angels. He is also a member of the Venture Atlanta Advisory Board.

Resources Mentioned:

LinkedIn: https://www.linkedin.com/in/thetechcpa/

Twitter: https://twitter.com/TheTechCPA

Acuity: https://acuity.co/, https://acuity.co/ecommerce-accounting/

Drink While You Think Podcast: https://podcasts.apple.com/us/podcast/drink-while-you-think/id1593236213

Acuity Blog on Automation Tools: https://acuity.co/best-automation-tools/

Quickbooks Online: https://quickbooks.intuit.com/

Xero: https://www.xero.com/us/

Veem: https://www.veem.com/

Entrepreneurs Organization: https://hub.eonetwork.org/

Don Francisco’s Hawaiian Hazelnut: https://www.amazon.com/Don-Franciscos-Hawaiian-Hazelnut-Flavored/dp/B06XPH2D8H/ref=nav_youraccount_switchacct?crid=635XLF4GUDF2&keywords=don+francisco+hawaiian+hazelnut+coffee&qid=1651836901&sprefix=don+fr%2Caps%2C109&sr=8-8

St: https://www.process.st/

Catching Clouds: https://www.youtube.com/c/CatchingCloudsAcademy

Grubby Farms: https://grubblyfarms.com/

Shopify: https://www.skuagency.com/shopify 

Klaviyo: https://www.klaviyo.com/partner/signup?utm_source=0010V0000264Z5d&utm_medium=part

Accessible: https://accessibe.com/a/xvrysgh

ReCharge: http://shopifysubscriptions.com/affiliate/1431

LimeSpot: https://www.limespot.com/partner/offer?kfl_ln=sku-agency

Gorgias: https://gorgias.grsm.io/i09wqq9rx426

Sezzle: https://szzl.io/kr9i7x

Route: route.com/skuagency

Rewind: https://rewindio.grsm.io/backup3611

Ugurus: https://ugurus.com/

Gartner Chart: https://www.jirav.com/blog/data-analytics-maturity-models

 

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