Episode 41: DIY vs. DFY Bookkeeping: When to Make the Switch
Whether you're just starting your business or you've been an entrepreneur for a while, it's absolutely crucial to know your numbers. Doing your bookkeeping and understanding your finances is a must, but should you do it yourself or have it done for you? And at what point do you need more than "just" monthly bookkeeping and should consider having a CFO? In today's episode I'm breaking down the difference between DIY and DFY bookkeeping, when I've commonly seen people make the switch, and actual examples of the impact having your books done for you can have on your business.
What's in the episode:
"Do I really need to do my bookkeeping?" Yes. Here's why [01:34]
The threshold I've found when people need to hire a bookkeeper [04:07]
The power of investing in your bookkeeping [06:48]
Things to consider when deciding to DIY or outsource your books [09:33]
Connect with me:
Check out the Marketplace for our DIY Bookkeeping Template or learn more about our CFO services.
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