211: Creating an Accounting Foundation for your Design Business
211: Creating an Accounting Foundation for your Design Business
with Erin McGhee
Today I am welcoming Erin McGhee to the podcast. Erin describes herself as an Accounting Manager for service-based businesses. Her big goal – to put you in charge of your money. As you can tell, we have a lot in common. Listen in as we discuss what is needed to have you in the driver’s seat of your business vehicle and what it takes to keep you there.
Topics Mentioned:
Organize
Implement
Maintain
Financial Process
Listen to the Episode
Key Thoughts:
My process and any service that I offer my clients, we follow the organize, implement, and maintain framework, and that organizes the first piece with any client where we truly dive into those foundations. Erin McGhee (8:55)
Your chart of accounts needs to be detailed enough that you can look at them and analyze and make decisions for your business, it doesn't mean you won't have to dig down further here and there, but you should be able to look at it and make decisions. Michele (9:55)
My goal is simple. It's to put owners in charge of their money. Erin McGhee (16:21)
I do not ever want the owner of a company to feel like they don't own their books, you own them, period. Michele (18:03)
Contact Michele:
Facebook: Scarlet Thread Consulting
Instagram: @ScarletThreadATL
Instagram: @MetriqueSolutions
Website: ScarletThreadConsulting.com
Website: MetriqueSolutions.com
LinkedIn: Michele Williams
Contact Erin:
Website: ErinMcGhee.com
Instagram: @erinmcgheellc
Email: erin@erinmcghee.com
References and Resources:
Recommended Chart of Accounts from Erin McGhee
A Strong Core for Body and Business Ep 040 with Kolleen Losch
E-Myth Revisited by Michael Gerber