In this episode, Zane Stevens discusses the importance of having the right accounting resources in place as businesses approach year-end. He emphasizes the need for specialized accounting services, particularly for wineries, and explores the costs associated with these services.
Zane also highlights the potential consequences of not investing in good accounting, including financial mismanagement and missed opportunities. Ultimately, he advocates for viewing accounting as an investment rather than a grudge purchase, stressing the value of accurate financial information for business success.
Takeaways
Assessing your accounting resources can lead to better efficiency.
- Money is tight, but investing in accounting is essential.
- Good accounting provides peace of mind and accurate information.
- Specialized accounting is necessary for complex industries like wineries.
- The cost of accounting services varies based on business size and needs.
- Not having good accounting can lead to significant business risks.
- Investing in accounting is an investment in your business’s future.
Sound Bites
“It’s that time of the year again.”
“Do I have the right accounting resources?”
“Money is tight, cashflow is important.”
Chapters
00:00 Welcome to Autumn and Year-End Planning
01:00 Assessing Your Accounting Resources
04:51 Understanding the Cost of Accounting Services
10:00 Specialized Accounting for Wineries
16:47 The Cost of Not Having Good Accounting
24:49 Investing in Good Accounting Services
