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Podcast Overview

How are you managing your accounts? Are you ignoring them to cover up a bad story?

It does not help that accounting is one of those ‘boring’ topics that nobody ever gets excited about, however, your business will begin to flourish when you learn how to use these numbers to your advantage.

While we all do not have the ability to outsource our accounting or book keeping, it helps to understand what we should do, at what time.

This is where today’s episode is vital for every business that is going through a start-up, plateau or downturn – where you need to get to the basics again.

We walk through the 4 pillars to every businesses accounts, how often each pillar should be completed and what must be done at each pillar to ensure that your business is not only meeting minimum government requirements but providing you great insight into growth.

 

Show Notes:

0:00

Adam and Grant share their thoughts about accounting and why it is critical to every business.

3:27

Meet Kym Nitschke – Managing Partner of Nitschke Nancarrow Charted Accountants and the host at the ‘Accounting Insider’ Podcast.

4:19

How Kym became a managing partner of an accounting firm and the moment that triggered his realization that accounting was not just counting beans but able to change peoples lives.

8:11

The 4 pillars framework to ensure successfully accounting in every business

24:11

What budgeting really is, how it is valuable and how to use it in every business.

28:24

Summary – MTMP’s summary of the framework

 

Resources Mentioned:

 

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Thank You For Tuning In!

If you have any questions, you can message us on More Time More Profit’s Facebook Page. Or you may also jump to our iTunes channel, subscribe and leave a review.

We’re also inviting you to join our Facebook group and LinkedIn group. Ask us any questions about entrepreneurship, and Adam and Grant, your business coaches, will be more than happy to assist you.

Hope you enjoyed today’s podcast!

Specialising is business processes, frameworks and systems, Grant has founded multiple businesses that all operate to target the key fundamental of scalability. His goal is to improve millions of people's lives by assisting business owners to succeed.