048 Yes, You Can Understand Your Numbers Even If You're Not a Numbers Person

Ditch the doubt and Embrace Your Inner CFO.

Understanding business finances doesn’t require complex math. It’s more about understanding your story in numbers. Think of how you might check ingredients in a recipe; it’s just details that show what’s happening.

Here are the Basics of What You Need to Know:

• Revenue & Expenses: In plain terms, we’re talking money in and money out.
• Profit: The reward and growth fuel for their business, which makes tracking it worthwhile.
• Cash Flow: This is just about knowing you’ll have funds when you need them.

 

Practical Tips to Start Building Confidence in Your Numbers

• Set a Regular ‘Money Date’ with yourself.
• Use Friendly Tools like QuickBooks or other easy accounting platforms designed to make numbers less intimidating.
• Ask for Help, someone like you helping them get “comfy” with their numbers.

You’ve Got This! You are more than capable of understanding their numbers and thriving financially. Remind them that every small step they take to know their finances better is a win!

 

 Learn more about bookkeeping help from Erika here:

https://erikamillard.com/ 

 

Mini Course- Get Comfy with Budgeting

https://erikamillard.com/budget

 

Get Comfy with QuickBooks

https://erikamillard.com/get-comfy-with-quickbooks

 

Don’t forget to download the free Monthly Bookkeeping Checklist:

https://erikamillard.com/bookkeeping-checklist 

 

Using AI in QB Video Tutorial

https://erikamillard.com/aiinqb 

 

Happy Bookkeeping!