In my first year of business, I attempted to use an Excel spreadsheet to track the financial aspect and I literally didn’t know what my revenue, profit, and losses were. I’m not a numbers person. I had no idea how much money was coming in or going out, other than the numbers I had in my head. I think that’s where a lot of you are too, as new or established entrepreneurs. We’re not finance people. It’s such a specific skill. 

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Episode 84 | Accounting 101 for Entrepreneurs [My Secret to Scaling!] with Sebastian Kasza

In my first year of business, I attempted to use an Excel spreadsheet to track the financial aspect and I literally didn’t know what my revenue, profit, and losses were. I’m not a numbers person. I had no idea how much money was coming in or going out, other than the numbers I had in my head. I think that’s where a lot of you are too, as new or established entrepreneurs. We’re not finance people. It’s such a specific skill. 

I have Sebastian on the show to share about the company he works for, Bench. He is my go-to guy for bookkeeping. I’m obsessed with, and highly recommend, Bench. The financial side of your business is so important. I’m an affiliate for the platform. I typically only share it with clients, so you’re going to get a really great look into the breadth of information that many high-level coaches have and don’t normally share with everyone. Bench will change your business for the better! We’re going to dive into Accounting 101 for entrepreneurs on the show today.

What we share about in this episode:

  • Three of the biggest red flags that Sebastian has seen in accounting (4:05)
  • The most important numbers that you need to pay attention to and that you can start tracking immediately (10:45)
  • How the Bench system works- how they backtrack the data and show you the revenue, deductions, expenses, and profit in your business and what you should be doing (15:50)
  • Some tax tips for entrepreneurs (21:35)
  • The message Sebastian feels he is here to share with the world (28:20)

Links mentioned: Bench Namaste Jenay Instagram

Episode 84 | Accounting 101 for Entrepreneurs [My Secret to Scaling!] with Sebastian Kasza

In my first year of business, I attempted to use an Excel spreadsheet to track the financial aspect and I literally didn’t know what my revenue, profit, and losses were. I’m not a numbers person. I had no idea how much money was coming in or going out, other than the numbers I had in my head. I think that’s where a lot of you are too, as new or established entrepreneurs. We’re not finance people. It’s such a specific skill. 

I have Sebastian on the show to share about the company he works for, Bench. He is my go-to guy for bookkeeping. I’m obsessed with, and highly recommend, Bench. The financial side of your business is so important. I’m an affiliate for the platform. I typically only share it with clients, so you’re going to get a really great look into the breadth of information that many high-level coaches have and don’t normally share with everyone. Bench will change your business for the better! We’re going to dive into Accounting 101 for entrepreneurs on the show today.

What we share about in this episode:

  • Three of the biggest red flags that Sebastian has seen in accounting (4:05)
  • The most important numbers that you need to pay attention to and that you can start tracking immediately (10:45)
  • How the Bench system works- how they backtrack the data and show you the revenue, deductions, expenses, and profit in your business and what you should be doing (15:50)
  • Some tax tips for entrepreneurs (21:35)
  • The message Sebastian feels he is here to share with the world (28:20)

Links mentioned: Bench Namaste Jenay Instagram

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