#33 How the heck do you wrap your head around the bookkeeping stuff?

by | Aug 18, 2020

About This Episode

One of the most asked questions I receive is how to wrap your head around all of the bookkeeping stuff. It’s the most overwhelming and daunting task for most business owners and yet, it’s not indicative of how good (or bad) you are with money

Most people are intimidated by the math side of bookkeeping. But, if you use a digital program, you don’t have to worry about the math and your bookkeeping can become a very easy task once you flex your bookkeeping muscle and put it into practice. I’m giving you some actionable tips today to tackle bookkeeping head on and master your skills! 

Get ready to flex your bookkeeping muscle!

What we’re talking about

  • Master Your Bookkeeping Skills With Step Zero
  • How To Build Your Bookkeeping Skills
  • Knowing When To Get Outside Help

organize business finances

Master Your Bookkeeping Skills With Step Zero

In order to master your bookkeeping skills, I suggest you start with step zero – making a list of what you’re having a hard time doing. Start by getting more organized and figuring out your first step. The more clear you get on what you don’t know, the easier it will be to create a path to get there. 

Create a list of knowledge gaps, but recognize that it’s ok not to know it all. Don’t judge yourself. Figure out what you should work on first and base it on priority. The priority should be starting with what the first thing you could learn that will help you put in perspective the rest of the things on your list. 

How To Build Your Bookkeeping Skills

 Imagine the skill of bookkeeping as a ladder, but instead of the rungs being a foot apart, they’re only an inch or centimeter apart and you’re moving slowly up it. Focus on learning one skill at a time and start with what will make every step easier along the way . 

Once you learn a new skill, record the process so that you can remember it and implement more with future skills. 

Your first skill should be to record your income and expenses. This will be the first part of your skillset because it does the pre-work for the next knowledge gap you will fill. Keep in mind that you won’t perfect this skill right away, but with time and practice, you’ll gain confidence and the skill will become routine and easeful. 

Knowing When To Get Outside Help

If there’s something you can’t learn on your own, know that there are resources available. You can start with a Google search, find a bookkeeper or have someone do file reviews for you. 

Prepare yourself to need more support in the beginning because it will be easier as you learn new skills. Flex your bookkeeping knowledge and exercise it. You won’t learn what you need to learn if you aren’t engaged and doing it. 

Are you ready to flex your bookkeeping muscle?

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