Skip to main content

You (probably) aren’t an accountant – Small Business Blunders vol. 6

You (probably) aren’t an accountant – Small Business Blunders vol. 6

Hi. My name is Adam with Adam Lowe Creative. I help small businesses just like yours overcome the challenges and obstacles that we all face. Last week, I talked about accounting software and how a lot of small businesses don’t have anything there. This week, I’m going to look at the other side of that and I’m going to talk about bookkeepers and CPAs. Now, here’s something else that a small business definitely needs, especially if you’re getting started.

YouTube video

Most business owners don’t have a background in finance or accounting and they don’t really know how to set up their company’s books properly. Definitely get the help from an accountant, a CPA, or a bookkeeper to at least get you started. Even if they’re not taking care of your books from month to month, and you’re going to into QuickBooks or whatever product you’re using, and you’re entering all of your receipts and you’re entering all of your invoices, make sure that you’re set up properly from the get-go. Also, make sure that you’re having at least quarterly meetings with somebody who can look at your books and make sure that you’re doing things right and who can give you advice.

Confused accountant calculating with a multicolor abacus. Studio shot.Now, I get it. Again, you’re starting a small business. This seems like a lot of money to put out. It can also be a little bit embarrassing when you’re a small business and maybe you’re not doing as well as you’d like to. But the thing is, these professionals are out there for a reason. They know how to look at these numbers and they know how to give the right advice. They can tell you whether you should purchase a piece of equipment this year or wait until next year. They can tell you based on looking at historical trends and forecasts what might be coming down the road and they can save you an awful lot of headache. Please make sure to build a good relationship with a bookkeeper or a CPA and when you get your business started, please, please, please have them set up your accounting systems for you.

Until next week, take care.

Recent Posts

  • Using Sass with Pinegrow

    I recently had someone ask whether Pinegrow supports Sass, so I thought I’d do a quick video demonstration. In this demo, I show you how we activate our Sass stylesheet and how we can use a simple Sass variable to change the color of a heading.

  • Pinegrow Countdown: Day 1 – Pinegrow Plays Nice with Others

    A lot of products in the WordPress space have grown in popularity, primarily because of their open and flexible ecosystem that allows 3rd party developers to create add-ons, extensions, and libraries. Pinegrow also has a great plugin API. But I’m going to show you in this video, that in most cases, you don’t even need it.

  • Pinegrow Countdown: Day 2 – Pinegrow is STILL not a Page Builder

    In this video, I’m going to show you why Pinegrow is different from Page Builders so you don’t fall into the trap of trying to use it like something it’s not, only to get frustrated and give up.

  • Pinegrow Countdown: Day 3 – Frameworks in Pinegrow

    Pinegrow has built some fantastic helpers for popular frameworks. In fact, when you start a new project in either Pinegrow Desktop or the Pinegrow WordPress plugin, you’ll be asked which framework you want to choose. If you are already used to using one of the built-in frameworks, the choice will be easy. If not, this little video will hopefully help you understand what the frameworks do and how you should answer those important initial questions.

  • Pinegrow Countdown: Day 4 – WordPress Blocks and Themes

    When you start a new WordPress project in Pinegrow, one of the first things you’ll need to decide is whether you will create a Block Plugin or a complete theme. In this video, I’ll help you understand their differences so you can start on the right foot.