I never wanted to be an accountant. Never thought life would bring me here, as the CEO of an accounting agency with a dozen employees and clients all over the country. I mean, to tell you the truth, I am not that great at math (yup, still a finger counter over here), I’ve never been great at following other people’s rules – and I find taxes to be pretty boring, to be honest. Don’t get me wrong, I still love to throw just about anything in my life onto a spreadsheet to make it easier to look at – but for me to turn out to be an accountant? Boring.
I fell into my first accounting job early on, just looking for a way to earn some gas money. And it turned out, I had a knack for it and actually sort of enjoyed it. But the places I worked, the bosses I worked for? A string of old white dudes with bushy mustaches who kept a big bottle of scotch in their bottom desk drawer and seemed to love working a million hours a week, especially during tax season. It was NOT the kind of life I wanted to have, no way.
I was so torn because I did truly love the work I was doing – but I knew there had to be a better way. I knew I had to shake up what I thought the accounting industry was if I was going to be a part of it. So I started my business and created the type of work environment I always wanted to have for myself. It took a lot of years and a lot of trial + error and mistakes – but I have never been happier with my business and more proud of the work we are doing in this world.
It didn’t sound right to call us bookkeepers, since we did so much more than just bookkeeping. I didn’t want to be called an accountant because it evoked too many images of Fred with his mustache drinking behind his desk.
But in all seriousness, this is a question we get often. How do I know when it’s time to hire someone to help me with my financial stuff? I sincerely believe that getting your money right and having a strong financial foundation will be a game-changer in your business. When you no longer have to worry about money & taxes and you have a plan for your money, you can move forward with so much confidence and hit all of your goals.
You are spending TOO MUCH time trying to handle your bookkeeping/figure out QuickBooks/create yet another spreadsheet for tracking everything. We show our clients how to easily manage their money in just 30 minutes a week by getting clear on exactly what they need to do during their weekly MoneyLove sessions.
You aren’t spending ANY TIME handling your bookkeeping. Translation: you usually have a block a solid week or two at the end of the year (or on April 10th) to try and hurry up and gather your records so you can file your tax returns.
You are working with an accountant who doesn’t have strategic conversations with you about your business and all of the cool tax deductions available to you as an online entrepreneur.
Your accountant thinks your online business is a cute little side business and lectures you about spending money in places where they don’t think you should spend your money.
You have a financial team that doesn’t have different options to support you and honor who you are and how you need to receive information to learn best.
We have a number of ways we work with our clients, there’s a right fit for any business, whatever stage of business you are in.
OK, you’re sold. When you started reading this, you didn’t even know what an OFM was and now you are ready to hear how to make this relationship a success!
Before you start the process of looking for a bookkeeper, there are some questions you need to ask yourself to make sure you are hiring someone who will be a good fit to provide you with the support you need, in the way you need it. The biggest thing that you should know going in is that you are going to have a more successful relationship with your accountant if you are actively participating in the relationship. You can’t ‘outsource’ this and just expect them to figure it all out themselves. You have to be involved, answering questions, providing information, etc. so that they can provide you with the support you need.
If you aren’t willing to do that, honestly – don’t waste your money trying to hire a financial team because you won’t get anything out of it.