Hiring a Bookkeeper with Greg Higdon | FP 110

A photo of Greg Higdon is captured. Greg Higdon is the Founder of Grow the Books, a bookkeeping company for small businesses. Greg is featured on Faith in Practice, a therapist podcast.

As the business owner, do you run all your own numbers? Are you considering hiring a bookkeeper to handle your financial progress? At what point in your business journey should you hire a bookkeeper?

In this podcast episode, Whitney Owens speaks about Hiring a Bookkeeper with Greg Higdon.

Podcast Sponsor: Brighter Vision

An image of Brighter Vision Web Solutions is featured as the sponsor on The Practice of the Practice Podcast, a therapist podcast. Brighter Vision builds all in one websites for therapists.

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Best of all, as a Faith in Practice listener, you can get your first month completely free.

So, if you’re ready to get started or just want to learn more about how Brighter Vision can help you grow your practice, head on over to brightervision.com/joe

Meet Greg Higdon

A photo of Greg Higdon is captured. Greg Higdon is the Founder of Grow the Books, a bookkeeping company for small businesses. Greg is featured on Faith in Practice, a therapist podcast.

Greg Higdon is the Founder of Grow the Books, a bookkeeping company for small businesses. With over 13 years of experience in education, he teaches his clients so they are empowered and armed with a clearer understanding of what their numbers mean for their business decisions.

When he isn’t balancing books and helping clients you can find him roasting coffee and making wood-fired pizza.

Visit Grow the Books‘ website.

Connect with them on Facebook and Instagram.

In This Podcast

  • What does a bookkeeper do?
  • Why hire a bookkeeper?
  • When should you start bookkeeping?
  • Greg’s advice to Christian counselors

What does a bookkeeper do?

Our business uses QuickBooks online and what that does … is take your business bank account and pool in all the business transactions that you have, all the deposits and expenses … what we do as bookkeepers is we take all of that information and categorize each transaction. (Greg Higdon)

Bookkeepers sort and work through each transaction, organizing all the financial information into QuickBooks so that the business owner receives an easy-to-read profit and loss statement.

This statement clearly shows the influx and outflow of money, outlining the profit and expenses of the business succinctly.

Every month the bookkeepers will send the business owners their company’s profit and loss statements so that they have a firm grasp on their financial status and the progression of the business.

Why hire a bookkeeper?

Some people only tally up their finances at the end of the year, expecting to save money on hiring financial assistants, and try to organize everything on their own.

However, you can lose track of your money throughout the year and end up losing more profits. Some benefits of hiring bookkeepers include:

  • Saving you time, and ultimately money: they perform the financial jobs so that when tax time comes around you do not have to spend 10 to 15 hours organizing your finances.
  • Bookkeepers keep things organized: they will manage the ins and outs of your money and notify you of any changes so that you can focus on the business.

When should you start bookkeeping?

I think it’s really important to make sure that your business is set up correctly and to begin the bookkeeping right from the beginning. (Greg Higdon)

Start tracking your expenses and profits at the beginning of launching your business to save both time and money.

Don’t plug everything into a spreadsheet and have to switch over later on. Invest in software or financial services that can do it well from the beginning for you.

If you only have a little amount of financial bandwidth at the beginning of your business and cannot afford a bookkeeper service, consider getting some training to use a service such as QuickBooks by yourself.

Greg’s advice to Christian counselors

You need to make money in your business. Have good goals to make healthcare affordable, but in order to serve the community, you need to bring in enough profit to keep your business afloat.

Useful links mentioned in this episode:

Check out these additional resources:

Meet Whitney Owens

Photo of Christian therapist Whitney Owens. Whitney helps other christian counselors grow faith based private practices!Whitney is a licensed professional counselor and owns a growing group practice in Savannah, Georgia. Along with a wealth of experience managing a practice, she also has an extensive history working in a variety of clinical and religious settings, allowing her to specialize in consulting for faith-based practices and those wanting to connect with religious organizations.

Knowing the pains and difficulties surrounding building a private practice, she started this podcast to help clinicians start, grow, and scale a faith-based practice. She has learned how to start and grow a successful practice that adheres to her own faith and values. And as a private practice consultant, she has helped many clinicians do the same.

Visit her website and listen to her podcast here. Connect on Instagram or join the Faith in Practice Facebook group. Email her at whitney@practiceofthepractice.com

Thanks For Listening!

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Faith in Practice is part of the Practice of the Practice Podcast Network, a network of podcasts that are changing the world. To hear other podcasts like Empowered and Unapologetic, Bomb Mom, Imperfect Thriving, Marketing a Practice or Beta Male Revolution, go to practiceofthepractice.com/network.

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