When I talk to business owners about their business finances and their bookkeeping, everyone finds this to be one of the most stressful and tedious tasks.
But everyone can easily learn to do their bookkeeping, or just outsource it to a professional to get it done for you regularly.
Why are you scared to do your bookkeeping?
When you stop and think about it, why are you actually scared of doing your bookkeeping?
If you think you are going to do something wrong with your bookkeeping, you are in a much worse place by not doing your bookkeeping at all.
Your bookkeeping should be done on a regular basis, whether you know what you are doing or not.
The bookkeeping is a scorecard for your business so that you can actually evaluate what you are doing in your business. When you see what is happening with your money on a regular basis, you can use that information to continue to grow your business.
So besides doing something wrong with your bookkeeping, what are you afraid of with your bookkeeping?
What is bookkeeping?
Bookkeeping is the organization of your business finances into an orderly fashion, reconciling your bank accounts, and analyzing the data to figure out what is going on in your business financially and how much money is owed for taxes.
How can bookkeeping be easy?
The first thing you really need to do is get over your fear with doing your bookkeeping. You are doing your business more harm by not doing your bookkeeping than if you did it wrong.
Your fear of your bookkeeping and really looking at all of your numbers in your business is hindering your business.
Next, you just need to get yourself some basic education on how to do your bookkeeping. You do not need to get a college education. My bookkeeping toolkit is a great place to start.
And if you really don’t want to learn how to do your own bookkeeping, then find a bookkeeper that can do the work you need done.
But if you hire someone to do it for you, you still must look at the numbers and know how to read the monthly reports.
Get over your fear
Seriously, once you get past that fear of doing your bookkeeping, doing your bookkeeping wrong and just looking at your numbers, bookkeeping will actually become easy for you.
The biggest thing holding you back is that fear.
And that fear will always keep you from expanding and growing your business as well.
Bookkeeping doesn’t have to be hard
Your business bookkeeping doesn’t ever have to be hard. It’s more an issue in your head that is holding you back and making you think it’s hard.
Allow yourself to look at your numbers on a regular basis and actually see how your business is doing.
When your bookkeeping and the financial evaluations that happen with bookkeeping become a regular part of your business, your business can thrive and grow even more.
Businesses who do not do their bookkeeping regularly have a very good chance of not succeeding, because the money stuff in your business is a very important piece.