Sometimes a 5-minute conversation can save you a lot of headaches. Ellie Caldwell explained to CEO that even small business owners can avoid mistakes or save money in the long run if they got an accountant on board from day one.
Ellie explained one of the biggest problems she runs into as an accountant is when someone mixes personal expenses with business ones.
"Keep personal stuff personal and business stuff separate," she said.
Categorizing what expenses and identifying what they are for should be done immediately and often. So many apps and programs exist that can help. QuickBooks, MileIQ, and Expensify were just a few she named that can help record payroll, inventory, payments, mileage, and receipts.
The habit of throwing receipts into a box and pouring over credit card statements for expenses doesn't have to be you. Good habits and consulting an accountant can be well worth the time and money.
Thank you, Ellie, for your time and guidance. And, Thank You, Sackrider & Company, for being a CEO investor.
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