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How vital could bookkeeping be? Isn't it all about capturing all the transactions and creating a bunch of statements to file taxes? Well, strategic financial planning is where your real opportunities reside. If you are not strategic about it, you may be chasing wrong opportunities that may not have as much financial value as you would if you were strategic with your bookkeeping.
In today's episode, we have our guest, Jeannie Doherty, who discusses how strategic bookkeeping differs from tactical bookkeeping. She also describes the five pillars of strategic bookkeeping and how most owners think of bookkeeping as numbers 101. Finally, she discusses how to find comparable industry data to lead the negotiation and keep your costs in check and how to do budgeting and spend analysis to create the strategic financial framework that will help you scale.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation