In this conversation, Molly Salas, an experienced accountant, shares her journey in the accounting industry, emphasizing the importance of understanding financial statements and ongoing financial management for business owners. She discusses common bookkeeping mistakes, the significance of internal controls, and shares success stories that highlight the value of professional accounting services. Molly also provides valuable advice for business owners on hiring professionals and maintaining a personal relationship with their accountants.
Takeaways
- Helping with a business is like nurturing their baby.
- Financial statements are essential for understanding business health.
- Ongoing financial management is crucial, not just during tax season.
- Hiring the wrong person for bookkeeping can be costly.- Internal controls are necessary to prevent fraud.
- Every business has a unique story told through its financials.- Business owners should not rely solely on software for accounting.
- Building relationships with clients is key to success in accounting.
- Professional accountants can help uncover financial issues early.
- Investing in professional accounting services pays off in the long run.
Sound Bites
"This is their baby."
"It's too late."
"Software is only a tool."
"Don't be blinded by growth."
"It's checks and balances."
"Hire someone like myself."
"I'm personal. You can call me anytime."
