Understanding what your numbers mean is a valuable and beneficial tool when used correctly. Accounting and bookkeeping can be very time-consuming as your event planning business grows.
Just as you serve your clients to make their day seamless, VAs can do the same for you in keeping your books and accounts up to date. If you still do not know how much profit you are making and struggle to budget for the future, then it is time to peek at those books. You’ll get your answers with your financial statements each month! As a business owner, you must be proactive rather than reactive with your finances.
Balanced books are pretty books. Ideally, your financial person can explain what the financial numbers mean so you can make smart financial decisions about your business. It may be time to think of having a bookkeeper if:
- You haven’t been doing your books and don’t know where to start.
- You’re not sure how to do it in general.
- You don’t have the funds to hire a CPA.
- You want to understand your business finances.
- You’re too busy.
- You find it boring and want to focus more on what you love doing.
Imagine not struggling at tax time wondering if you have everything you need!
How will a bookkeeper help me?
- Help get your books up-to-date. Hopefully, you aren’t buried yet in a shoebox of receipts. If you are, hiring a VA will save you from drowning.
- They will help set up your business and chart accounts in the bookkeeping software. The software will make it easy for you to upload your receipts to your account and sign off on due bills to name a couple of features. It is significant to hire someone who knows the proper way to set up your business in the financial management software to manage and reconcile your business books.
- Your bookkeeper can keep track of the deposits that have been paid and other money that is due to you.
- Reconciling your bank accounts and providing financial statements will be done each month for you. VAs will talk to you to go over your monthly reports to know how you are doing relating to your finances and explain your numbers in the different categories listed.
- Be there to answer your queries and elaborate on the financial numbers.
Think about it…
Being in this industry has its busy season and you may not need bookkeeping all-year-round but VA’s will give that huge relief and save you time by letting them work on their specialization. Launch your wedding planning business and let it grow without the hassle of trying to figure it all out the hard way!
As part of our upcoming 2021 eVAnniversary promo, we are offering up to 60% off in your first month with us! Avail of this discount today or refer us to someone you know who might need a VA. Limited slots only.
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