Growing up, money was a big deal in my childhood. I experienced firsthand what it means not to have money to meet your basic needs.

Conversations about personal finance and accounting genuinely excite me, and I spend a lot of time around the subject of financial literacy and empowerment.

Introduced to the concept of Asset and Liability during my secondary school years, I’ve since worked hard to always be an Asset rather than a Liability to my family and community.

Choosing accounting as my career path, I realized that being an asset involves being financially responsible and accountable.

One of the reasons people start a business is to enjoy the time, freedom, and flexibility of working on something they are passionate about without sacrificing their health, relationships, or going broke.

They don’t want to be financially dependent on their partner or government handouts. 

They want a life where they are financially empowered to make important decisions around their life and to contribute meaningfully to society through their craft.

However, statistics show that many small business owners run into financial problems largely due to a lack of proper financial management and poor bookkeeping processes.

A strong foundation of financial literacy can help support various life goals, such as saving for a mortgage, retirement, staying debt-free, running a thriving business, and attaining financial independence.

And when it comes to personal finance, the earlier you start the better you are positioned to avoid costly financial mistakes and achieve your financial goals.

For an entrepreneur, this includes having a grip on your numbers from day one, by setting up a Structured Bookkeeping Process.

Good Bookkeeping will among other things allow you to:

Have visibility as to what is coming in, and where the money is being spent, and let you know where and when you need to make changes.

Separate business transactions from private, so you know when you are making a profit or losing money.

Make financial decisions based on actual data rather than emotions.

 Avoid paying too much tax or going into tax default and incur fines.

Budget appropriately and allocate funds correctly across the major areas of your life and business.

This is why I love helping other ambitious entrepreneurs with their bookkeeping so they can get a grip on their numbers and have visibility as to the financial health of their businesses.

I love the opportunity to help them save money, and time and prevent costly financial mistakes.