acupuncture accounting 101

ACU-002 - Management wizard of the 20th century Peter Drucker once said, “If you can’t measure it, you can’t improve it.” While this applies to most facets of business, NONE of us are impervious to the deleterious effects of not managing our money. Yet, how do you know as a new business owner where to start. What software is right? Can you save time and money doing it yourself or is that a set-up for disaster in the first couple years? Do you even know what the terms, “cost of goods sold, ROI, gross income and net income”, mean? This is one very important part of business you want to get right from the beginning. The growth of your practice depends on it. Tune in and learn some valuable lessons about accounting and establishing an entity.

today’s guest

JENNIFER SPIDLE CPA, CMCA

Jennifer brings more than 12 years’ experience in both public and private accounting.  She has worked as an auditor in the non-profit sector, developed and managed complex budgets, and has a passion for teaching accounting. She started Spidle Office Solutions with the goal of enabling small business owners to take control of their finances and focus on building their business. Jennifer is a Certified Public Accountant (CPA) with a B.A. in accounting from Western Washington University. In her free time, Jennifer enjoys spending time with her husband and two young sons in their backyard garden. 

• website spidleofficesolutions.com

you’ll learn

• Did you know that while QuickBooks is fantastic for a high yield office if you are taught how to use it, it might have a little too much driving power in the beginning. A better solution in the beginning may be to utilize the simplicity of Quicken.

• How should you establish your entity? Are you a LLC, C Corp, S Corp or Sole Proprietor? Knowing the ins and outs of each is HUGE!

• Where and how do you pay taxes? You really don’t want to mess this up!

resources

• Quickbooks is great if your business is a bit established. Most accountants love it because they can pull reports and file your taxes easily.

• Quicken is your simple inexpensive way to start.