Podcast Episode Title:
20 | Efficiency Unlocked: Guide to 10-Day Book Closing with Kristen Deese
Episode Number: 20
Date: February 5, 2024
Guest: Kristen Deese, Virtual CFO- Kristen@gcbcoaching.com
Host: Justin Deese
Duration: 21.07
Summary
In this episode, Justin Deese and Kristen Deese discuss the importance of closing your books in a timely manner. They explain the process of closing the books and why it is important for financial accuracy and decision-making. They also provide tips and a month-end checklist to help business owners close their books efficiently. Kristen offers her services as a virtual CFO to assist with bookkeeping and financial management.
Takeaways
- Closing your books in a timely manner is crucial for financial accuracy and decision-making.
- The process of closing the books involves reconciling accounts, reviewing financial statements, and ensuring data accuracy.
- Closing the books within 10 days is a reasonable goal to have up-to-date financial information.
- Having a month-end checklist and doing a little bit every day can help streamline the closing process.
Chapters
00:00 Introduction
01:02 The Importance of Closing Your Books
04:51 Closing Your Books in 10 Days
06:17 The Process of Closing the Books
10:24 Challenges in Closing the Books
13:26 Tips for Closing the Books
18:09 Month-End Checklist
19:19 Getting Help with Closing the Books
20:15 Closing Thoughts
- Closing and Resources:
- Encouragement to take up the 10-day book closing challenge and resources available for assistance, including a free month-end checklist template .
Resources Mentioned:
- Free Month-End Checklist Template
- Contact Information for Kristen Deese: kristen@gcbcoaching.com
- Website: kristendese.com
- Book: “When Your Business Partner is Your Spouse” by Justin and Kristen Deese
- Call to Action: Attempt the 10-day book closing challenge and share your experiences or seek help by contacting Justin Deese or Kristen Deese.
Connect with Us:
Podcast Website: freedomblueprintpodcast.com
- Social Media: @FreedomBlueprint for Home Services
- Sign-Off: “Keep crushing it and know your numbers!”