The Life Coach School Entrepreneurial Bookkeeping
Introducing… Entrepreneurial Bookkeeping.
(Entre-Bookkeeping for short.)
Entre-Bookkeeping gets you more money. Period.
Are you relying on your bookkeeper to know Entrepreneurial Bookkeeping? (They most likely don’t.)
Are you doing your bookkeeping yourself? (Then you MUST learn Entre-Bookkeeping.)
Bookkeeping done our way is an art and a science.
Let’s break it down.
Bookkeeping is done for accounting. (This is the more boring part.)
Accounting is what we do to “count” the money we have already made.
It’s what we use to determine our profit and how much we owe in taxes. (Important, but not very fun.)
can also be used for…FINANCE.
Planning for and making more money.
If accounting is about counting the money we have already made…
Finance is how we plan and budget for the future.
It doesn’t matter how small your business is, you should always be doing both.
Most bookkeeping only does the first half.
Entrepreneurial Bookkeeping introduces you to the second half.
We have used it to more than double our income every year.
We run two types of reports in Entre-Bookkeeping:
1. Lag Reports
2. Lead Reports
Lag reports are the reports you need to do your taxes.
They include Profit and Loss and the Balance Sheet.
These reports let us know what happened last month and last year and for the entire history of your company.
(We teach you about these in the Entre-Bookkeeping class because all business owners should understand them, but they aren’t the best part of the course.)
Lead reports are the reports that make you money.
These are the reports that most bookkeepers aren’t trained to do because they aren’t standard procedure for most companies.
These reports include:
- The Lead Marketing Report
- The Lead Profit Report
In these reports you make decisions on how to spend your money, how to invest in your business, and how to focus your energy to bring in more profit.
These reports make next steps clear and measurable.
It takes away a ton of uncertainty, confusion and overwhelm.
You know exactly what you need to do and by when.
In a minute, you can listen in on a conversation I had with Mark based on a Lead Report. (We recorded this video in my house a few weeks ago.)