We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode 18:  The Balance Sheet ~Treat Your Financial Statements Like A Report Card. Consistently Measure Your Progress, Whether You're A Solopreneur, Small Business Owner, A Virtual Online Bookkeeper Or VA

18: The Balance Sheet ~Treat Your Financial Statements Like A Report Card. Consistently Measure Your Progress, Whether You're A Solopreneur, Small Business Owner, A Virtual Online Bookkeeper Or VA

2021/3/3
logo of podcast Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

Shownotes Transcript

Today we are talking about report cards.  If you have a child in school…or maybe they are distance learning, you know you need to keep tabs on how they are doing, right?  Well, when you own a business, it’s a lot like having a child.  How many times have you heard someone refer to their business as their “baby”?  I hear it a lot, and yet, when we think about how that baby is doing, there are a lot of business owners who don’t even look at their baby’s report card.  Are you asking, “What report card?”  If you knew your business had a report card, would you be looking at it on a consistent basis?  Sure, you would.  What if I told you there is a report card you can look at that gives you an enormous amount of information about how your business – or “baby” is doing.  That report card…well, it’s your financial statements.  There are two reports that I strongly recommend you take a look at…even if it is just once a month.  If you are using a software like QuickBooks to record your bookkeeping, it is easy to pull up these reports.  In today’s episode, I am going to walk you through the first of these two reports and what it is actually telling you about your business.  Is your business getting straight A’s, or is it consistently getting Ds or even worse, Fs?  If you are not looking at these reports, you will more than likely not know if you are in the A range or the F range, and without this information…are you able to make good business decisions?  Not really.  Are you a solopreneur, entrepreneur, small business owner, bookkeeper or virtual assistant?  If so, listen in and find out how you can learn more about how your “baby” is doing by understanding how to read and measure your financial statements…

Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping:

www.FinancialAdventure.com/5Essentials)

Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you:

www.FinancialAdventure.com/Discovery)

Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you:

www.FinancialAdventure.com/StarterGuide)

Join Our Facebook Community:  www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique)

QuickBooks Online - Save 50% Your First 3 Months:

www.FinancialAdventure.com/QuickBooks)

Show Notes:  www.FinancialAdventure.com)

This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com) for additional information and free resources