Week 7 Day 3 Action Items

Day 3

• [ ] Explore the benefits of handling your bookkeeping independently.
• [ ] Identify areas in your business where a hands-on approach might be beneficial.

DIY Bookkeeping vs. Hiring a Professional

Use this step-by-step personal assessment to help you determine which path might be best for you and your company.

1: Are you comfortable with basic financial tasks?

• [ ] Yes
• [ ] No

2: Do you have enough time to dedicate to bookkeeping regularly?

• [ ] Yes
• [ ] No

3: Are your business finances relatively simple, with few transactions and accounts?

• [ ] Yes
• [ ] No

4: Do you have a good understanding of accounting principles and financial regulations?

• [ ] Yes
• [ ] No

5: Are you comfortable taking on the risk of potential errors in your financial records?

• [ ] Yes
• [ ] No

6: Is your business experiencing rapid growth or becoming more complex?

• [ ] Yes
• [ ] No

7: Is your business financially stable, or are you facing challenges?

• [ ] Yes
• [ ] No

8: Are you able to stay current with corresponding tax regulations related to tracking your finances within your bookkeeping system?

• [ ] Yes
• [ ] No

Decision: