Bookkeeping Strategies and Business with Greg Higdon

This week I sat down with bookkeeper, Greg Higdon to discuss the
importance of having a bookkeeper and what working with one can
do for your business.


Greg Higdon is the Founder of Grow the Books, a bookkeeping
company for small businesses. With over 13 years of experience in
education, he teaches his clients so they are empowered and armed
with a clearer understanding of what their numbers mean for their
business decisions. When he isn't balancing books and helping
clients you can find him roasting coffee, drinking coffee, and
reading about coffee.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


The importance of understanding your profit and loss
statement

What a bookkeeper can do for you

The difference between gross and net income

How bookkeeping plays a part in your taxes

The tax challenges you’ll face if you don't keep up with your
books

Bookkeeping issues Greg tends to see when they come to him
for help

Some of the terms on your income statement and what they mean
for your business

The benefits of giving your business income and expenses
subcategories

How to know how much your business should be spending in
marketing, personnel, sales, etc.

How often you should be reviewing your profit and loss
reports

Comparing hiring out versus doing your own books

What to look for when hiring a bookkeeper

If you want to do your books on your own, do this to make
things easier on you



LINKS WE MENTIONED ON THE SHOW


Grow the Books

QuickBooks

Xero

Mint



GET SOCIAL WITH GREG AND LET HIM KNOW YOU HEARD ABOUT HIM
HERE


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