5 Steps To Get Your Financial House in Order

Clients come to me all the time and ask, “How do I get my financial house in order?” They feel like they are leaving money on the table and are not as profitable as they could be. If you’re in this position, don’t worry. I’ve created a five-step process to take stock of your financial situation and get your house in order:

1. Learn basic financial literacy. You've got to understand what you're looking at. I’ll go over the mechanics of the critical things you need to understand to be able to manage your business. 

2. Figure out how to set up your books. We’ll probably use something like Quickbooks Online so that you can learn how to collect meaningful data.

3. Develop bookkeeping discipline. These are the basic things you can do to get into a routine and make sure your numbers are accurate and up to date. 

4. Understand your reports. What report should you be looking at? How often should you be looking at it? Finally, how can you use this information to make decisions about your business to understand what's going well and what isn’t?

5. Put controls in place to protect yourself financially. You have to protect yourself from mistakes and others potentially taking advantage of you. 

Those are the five steps I take clients through to help them get their financial house in order. If you'd like to find out more about how I might be able to help you, just call or email me. I’d love to help.