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Made for Profit

MFP 039: Bookkeeping, The Why & When

Made for Profit

Brad Rodriguez & John Malecki

Leisure, Business, Careers, Hobbies

5620 Ratings

🗓️ 3 April 2018

⏱️ 67 minutes

🧾️ Download transcript

Summary

Today we’re covering an exciting topic…bookkeeping.  Okay, maybe not the most exciting topic, but one you need to understand as a growing business, especially around tax time.  We’ll walk through the bookkeeping needs and what we’ve learned as a business grows from a hobby all the way to a small business with employees. LINKS (May […]

The post MFP 039: Bookkeeping, The Why & When appeared first on MADE FOR PROFIT.

Transcript

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0:00.0

Welcome to Made for Profit, a podcast where we talk business in the shop and help you monetize as a maker.

0:05.8

Each week we cover business topics to help you grow your full-time business or your side hustle.

0:10.1

We'll also bring you interviews from a variety of people winning in their space to share valuable business insights and life lessons.

0:16.5

I'm Brad Rodriguez, a full-time content creator running Fix This Build That.com.

0:20.6

And my co-host, John Mulecki, runs a full-time furniture company and his content site,

0:24.7

John Malecki.com. We've been growing our successful businesses online, and we want to bring you

0:29.0

into the conversation and help you grow along with us.

0:44.5

Welcome to episode 39. Today we're going to be covering an exciting topic, bookkeeping.

0:51.8

Okay, it's maybe not the most exciting topic, but it is one you need to understand as a growing business, especially around tax time.

0:56.8

So we're going to walk through bookkeeping needs and what we learned as a business grows from a hobby all the way up to a small business with employees.

1:00.8

But before we jump in,

1:01.9

we do want to thank some members that joined the MFP patron tribe.

1:05.5

It's actually one member this week.

1:07.1

Katie Harrow, Katie, thank you for joining.

1:09.9

If you want to join the MFP patron squad, you can head over to patreon.com forward slash made for

1:15.9

profit and get some great rewards over there as well as the after show where we answer your

1:21.8

questions and give you some special insights.

1:24.1

Actually, today we're going to be given some special insights on some late breaking

1:27.2

Instagram stuff that we'll be sharing later on in the main show, but our patrons get

1:31.2

a first crack at it. John, what is up, brother? Not much, dude. I am in full conference table

1:37.4

life domination mode over here. I guess when you're building something that's 15 feet long

1:42.6

and four feet wide, it tends to take

...

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