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Bookkeeper Business Secrets

2.1k members • Free

StepXstep Real Estate Success

138 members • $10/m

2 contributions to StepXstep Real Estate Success
PROPER FINANCIAL SYSTEMS ARE CRUCIAL TO BUSINESS SUCCESS
I once took on a client who quite casually informed me that he had never seen his company's accounting records. My jaw dropped. Even more shocking? He didn't even have access to them! He hired an acquaintance, let THEM link his bank accounts, and turned them loose. Needless to say, he had no idea whether he was even making money! Spoiler alert: he wasn’t. Another figured if he could see money in the bank account, it meant he must be profitable and could spend as he liked. Day to day expenses? Long-term liabilities? Payroll? What are those??? How do you think team members who don’t get paid correctly and on time react? One client wanted to apply for business loans to further expand his multi-location operation. But he had a family member doing his accounting, and his financials were a rat’s nest of mismatched or misclassified entries and duplicate transactions. Reports showed him so far in debt nobody would loan to him, when he actually should have been approved easily! How about the multi-million-dollar investment endeavor that had no clue they owed SIX FIGURES worth of unpaid bills because nobody was properly handling their accounting systems? They’d never even seen a Profit and Loss statement or a Balance Sheet. Are you seeing my point? Bad bookkeeping can leave you unable to find funding or investors, in painful amounts of debt, scrambling frantically at tax time, and potentially legally liable for all kinds of horrible things! Oh, and your CPA secretly HATES when you show up at their door. A business can NEVER be successful if they don’t know where their money is going or how it is coming in. TAKE ACTION NOW. Let a certified professional make a difference for your small business. Message to set up your free consultation today.
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PROPER FINANCIAL SYSTEMS ARE CRUCIAL TO BUSINESS SUCCESS
Welcome! Introduce yourself HERE 🎉
Welcome to Step by Step Real Estate Success!😊 This community is designed to help you grow as a real estate investor. Step 1: Introduce yourself in THIS THREAD below! (✄ copy/paste template 👇) Where are you from? What are you working on? What immediate help do you need? For seasoned investors: what is your area of expertise? Step 2: Read the rules and checkout our free courses and paid programs
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I can't believe I forgot to do this! Bad admin! Where are you from? Colorado Springs, CO What are you working on? Absorbing new knowledge at a breakneck pace. What immediate help do you need? New Clients. I am looking to make a difference for folks who need someone who understands the ins and outs of the wacky world of real estate! I've got over a decade of experience now helping businesses build their systems and processes, especially around bookkeeping, administration, and financial reporting, but I cut my teeth in the real estate investing world. In fact, I was the original test dummy for the SBSRES system!
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John Sisson
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4points to level up
@john-sisson-9080
Administrative nerd, certified bookkeeper, and operational expert with over a decade of experience. Creative guy and original test dummy for SBSRES!

Active 20h ago
Joined Sep 26, 2024
INFJ
Colorado Springs, CO
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