All tagged small business budget

How To Create A Budget For Your Bookkeeping Clients in 2023

How To Create A Budget For Your Bookkeeping Clients in 2023

That Bookkeeper
For Bookkeepers

In many ways, a good budget spreadsheet is one of the most valuable tools you can provide for your bookkeeping clients.

Is it the most common task you will perform in your bookkeeping business? No, probably not. Most business owners just want the bare essentials. They want their bank account reconciled and a basic set of financial statements so they can hand everything to their accountant at tax time.

Those are not the clients we will focus on today. In fact, I'd argue those are not the clients we should focus on...period.

Let's focus on the small business owner that wants to know more about their company. They want bookkeeping services that give them a clear picture of the upcoming year. They want to know how their revenue looks and where to reign in their expenses. And, most importantly, they want your expertise to create this budget.

5 Reasons You're Wasting Your Money On A Bookkeeper

5 Reasons You're Wasting Your Money On A Bookkeeper

That Bookkeeper
For Business Owners

Don't worry. I haven't lost my mind. I know I have written a few posts over the years telling you why it's important to have a bookkeeper.

What I do see too often though, is people not using their bookkeeper properly. They get the very bare essentials done in order to file their returns each year, and little else.

In my opinion, it's a big waste of money.

Yes, I (or any other bookkeeper) can spend a couple hours and give you a quick report on how you "did" last year. However, most software can do the bulk of that work automatically too. If I spent a couple hours setting up rules in Xero you almost could have it all done by itself.

So, if you're wanting to get a passing grade on "Tracking My Finances 101" that is the lowest you need to set the bar. If, instead, you'd like to grow your business and get the most out of the bookkeeper you hired, here are 5 reasons you are currently wasting your money on your bookkeeper.