The Life Coach School Entrepreneurial Bookkeeping

Introducing… Entrepreneurial Bookkeeping.

(Entre-Bookkeeping for short.)

• Entre-Bookkeeping gets you more money. Period.
• Are you relying on your bookkeeper to know Entrepreneurial Bookkeeping? (They most likely don’t.)
• Are you doing your bookkeeping yourself? (Then you MUST learn Entre-Bookkeeping.)
• Bookkeeping done our way is an art and a science.

Let’s break it down.

• Bookkeeping is done for accounting. (This is the more boring part.)
• Accounting is what we do to “count” the money we have already made.
• It’s what we use to determine our profit and how much we owe in taxes. (Important, but not very fun.)

But bookkeeping

can also be used for…FINANCE.

• Planning for and making more money.
• If accounting is about counting the money we have already made…
• Finance is how we plan and budget for the future.
• It doesn’t matter how small your business is, you should always be doing both.
• Most bookkeeping only does the first half.
• Entrepreneurial Bookkeeping introduces you to the second half.
• We have used it to more than double our income every year.

We run two types of reports in Entre-Bookkeeping:

1. Lag Reports

2. Lead Reports

• Lag reports are the reports you need to do your taxes.
• They include Profit and Loss and the Balance Sheet.
• These reports let us know what happened last month and last year and for the entire history of your company.
• (We teach you about these in the Entre-Bookkeeping class because all business owners should understand them, but they aren’t the best part of the course.)

Lead reports are the reports that make you money.

• These are the reports that most bookkeepers aren’t trained to do because they aren’t standard procedure for most companies.

These reports include:

• The Lead Marketing Report
• The Lead Profit Report
• In these reports you make decisions on how to spend your money, how to invest in your business, and how to focus your energy to bring in more profit.
• These reports make next steps clear and measurable.
• It takes away a ton of uncertainty, confusion and overwhelm.
• You know exactly what you need to do and by when.
• In a minute, you can listen in on a conversation I had with Mark based on a Lead Report. (We recorded this video in my house a few weeks ago.)

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