Podcast Episode Title:

20 | Efficiency Unlocked: Guide to 10-Day Book Closing with Kristen Deese

Episode Number: 20

Date: February 5, 2024

Guest: Kristen Deese, Virtual CFO- Kristen@gcbcoaching.com

Host: Justin Deese

Duration: 21.07

Summary

In this episode, Justin Deese and Kristen Deese discuss the importance of closing your books in a timely manner. They explain the process of closing the books and why it is important for financial accuracy and decision-making. They also provide tips and a month-end checklist to help business owners close their books efficiently. Kristen offers her services as a virtual CFO to assist with bookkeeping and financial management.

Takeaways

Closing your books in a timely manner is crucial for financial accuracy and decision-making.
The process of closing the books involves reconciling accounts, reviewing financial statements, and ensuring data accuracy.
Closing the books within 10 days is a reasonable goal to have up-to-date financial information.
Having a month-end checklist and doing a little bit every day can help streamline the closing process.

Chapters

00:00 Introduction

01:02 The Importance of Closing Your Books

04:51 Closing Your Books in 10 Days

06:17 The Process of Closing the Books

10:24 Challenges in Closing the Books

13:26 Tips for Closing the Books

18:09 Month-End Checklist

19:19 Getting Help with Closing the Books

20:15 Closing Thoughts

Closing and Resources:
Encouragement to take up the 10-day book closing challenge and resources available for assistance, including a free month-end checklist template .

Resources Mentioned:

Free Month-End Checklist Template
Contact Information for Kristen Deese: kristen@gcbcoaching.com
Website: kristendese.com
Book: "When Your Business Partner is Your Spouse" by Justin and Kristen Deese
Call to Action: Attempt the 10-day book closing challenge and share your experiences or seek help by contacting Justin Deese or Kristen Deese.

Connect with Us:

Podcast Website: freedomblueprintpodcast.com

Social Media: @FreedomBlueprint for Home Services
Sign-Off: “Keep crushing it and know your numbers!”