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I feel like no one wants to admit they go to therapy. Or maybe that’s changing lately?
We all want to pretend we’re perfect, so that’s exactly what we show the world. But the truth is, we’ve all got baggage; in particular money baggage.
Many ladies in business are having their eyes opened to the fact that their money mindset stinks. Everyone’s talking about ‘working on it’ and you might be wondering if that just means writing 100 times on a chalk board:
The pressure was on. My 10 page lab paper was due the next day and there I was with only an outline, not even one page finished.
But I thrived under that pressure…with a looming due date.
I was unstoppable.
I sat on my tiny dorm bed with my laptop on my lap and I powered through that paper. I think it actually only took me an hour or two - which is funny considering the level of stress I’d allowed this paper to create for me.
I hear people say they're afraid of their bookkeeping and finances and that makes me sad.
With the right knowledge, understanding your books and finances can make a huge difference in how you do business and help you make more informed money decisions.
But if I'm being honest, there was a time, just a few years ago, that I didn't have a clue what bookkeeping was either.
I didn't care what its advantages were. Hell, I wouldn't have cared even if someone told me it would make me more money.
All I cared about was the fact that it was confusing and everywhere I turned for answers I found boring ass answers with explanations that didn't make much sense.
I don't want you to suffer that same fate, so here goes...my simplest explanation of what bookkeeping is.
Bookkeeping has a rap for being one of those nightmare tasks on an entrepreneur's to do list.
In fact, I just did a poll and found that the vast majority of those who answered were actually just ignoring the whole issue. Pretending it isn't a necessary part of business.
Unfortunately bookkeeping is much like dirty laundry. The longer we ignore it the more it piles up. #NoCleanUndies=LaundryTime
But in all seriousness, maybe you've been putting this off, or maybe you've been half-assing it, or maybe you've been giving it your all and you're just getting tired of it.
You're not alone. All of these are totally normal.
But it's also a sign you're ready to get a bookkeeper!
When brand new online entrepreneurs come my way asking which software is best for them, I used to point them in the direction of Xero because I thought having a system that would grow infinitely with them was the best option.
But I've since changed my stance.
Now I recommend Wave for service entrepreneurs just starting out.
Wave has really come a long way over the past year. They've worked out some bugs and speed issues that used to exist.
Do you ever have those brain dead moments where you think everyone knows you and what you do and then someone asks, "So what does a/an [insert your profession here] do anyway?"
BAM! You come back to reality and realize you aren't the center of the universe and in fact most people are confused by what you do to make money...am I right coaches/marketers/social media managers/brand designers/basically every online business ever?
Well this happened to me recently. Except for me it's a little different. People know bookkeepers do the books, but they're often confused about where the line between books and taxes is drawn.
"So what does a bookkeeper do exactly? Or I mean, what's the difference between a bookkeeper and accountant?"
I'm going to break it down for you here so you never have to wonder again ;)
The simple answer is bookkeepers do your bookkeeping, accountants do your taxes.
And while that seems like an easy answer...there's a lot of blur in between those lines!