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The $100 MBA Show

MBA1065 Q&A Wednesday: Do you do your own accounting? How much time do you spend on it?

The $100 MBA Show

Omar Zenhom

Careers, Marketing, Business, Entrepreneurship

4.91.2K Ratings

🗓️ 8 August 2018

⏱️ 13 minutes

🧾️ Download transcript

Summary

Do you know where your money is? Accounting can be a little intimidating for those of us who aren’t mathematically inclined, or aren’t exactly experts in the latest tax and regulatory issues. It’s Q&A Wednesday, and one listener wants to know how we keep an eye on our funds, and what kind of resources we put into it.

Transcript

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0:00.0

Heyo! Welcome to the $100 MBA Show.

0:18.0

Answers to business questions you have with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher, Omar Z at home.

0:22.0

I'm also the co-founder of the $100 MBA, a complete business

0:25.5

training and community online. And today's episode is a Q&A Wednesday episode. On

0:30.6

and a Wednesday's I answer a question from you one of our listeners.

0:34.4

If you have a question you want an answer to just email me over at Omar at 100MBA.

0:40.6

Today's question comes from Gloria and Gloria asks do you do your own accounting and how much time do you spend on it?

0:48.0

Solid question Gloria.

0:49.0

So in today's episode I'll be answering that question how we deal with accounting in our business. Do we use an

0:54.3

accountant, how we found our accountant, how you can find one yourself, and what kind of work and

1:00.0

how much work do I have to do to keep all our accounting on the up and up.

1:04.3

Accounting is one of those things in your business that you just got to do, you got to get it done,

1:08.0

but you also got to make sure that it gets done properly.

1:10.8

It's going to save you a lot of headaches when it's done properly.

1:13.5

So I'll be answering glorious question about accounting, how we deal with accounting on

1:16.8

our business, and how much time I dedicate to it.

1:19.9

So let's get into it.

1:20.8

Let's get down of business. Today's episode of the $100.00 RBA show is supported by PODIA.

1:30.0

PODIA helps thousands of creators earn money from their passion.

1:34.0

It's an all-on-one digital storefront that you can sell courses, memberships, and digital downloads in one place.

1:40.0

It's the most creator-friendly platform on the market with zero transaction fees and a super-friendly

1:46.3

24-7 life support team.

...

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