Bookkeeping 101 for Independent Financial Advisors
There are some universal truths in life, like the fact that most financial advisors HATE bookkeeping. In fact, many consider it their most dreaded task. (There’s even data to back that claim up.) Sure, when stacked against everything else you get to do as a financial advisor, bookkeeping isn’t the most fun, or glamorous, or rewarding. But you know what it is? 100% necessary. At the end of the day, however much you may “dread” bookkeeping, it’s absolutely essential for running a successful financial planning practice. Join bookkeeping expert and Director of XY Bean Counters, Dan Keslin, for a crash course in bookkeeping basics. He’ll cover the top tips for setting your books up for success, common bookkeeping pitfalls to avoid, and the costs and benefits of outsourcing your bookkeeping.
Listen in as Dan shares his expert advice on:
Why you need to maintain your books
Setting up your books correctly
Assets, Liabilities, Equity, Income, and Expenses
Fundamentals of Bookkeeping
Things to Avoid
As Director of XY Bean Counters (XYBC), Dan Keslin ensures that his team consistently delivers quality, accurate, and reliable results. Plus, having been a small business owner himself, he knows how important it is to have clean, accurate books. After graduating from Montana State University, he cut his teeth preparing taxes at a local CPA firm while also starting a landscape and lawn care business, which he grew and ultimately sold. With five years of individual and business tax preparation experience, ten years running and accounting for his own businesses, and now over three years of hands-on accounting in the financial advising industry for business owners, Dan has a wealth of bookkeeping knowledge that he's eager to share.