The Unofficial TikTok Shop Podcast with Jordan West
Ep 315: Accessible Bookkeeping to Skyrocket Your Business With Nathan Hirsch, EcomBalance
It’s pivotal to keep financial statements updated and well-organized to make the best decisions on the next steps to take in your business.
In this episode, Nathan Hirsch of EcomBalance and Outsource School talks about how they help eCommerce brands with their bookkeeping needs. He also shares some of the pitfalls they see in people’s Profit and Loss Statements.
Listen to this episode!
KEY TAKEAWAYS FROM THIS EPISODE
- Keeping your bookkeeping up to date will help you to make good decisions in real-time.
- You should be in a system where you can get your books within 10 days of the month being over.
- Compare the numbers to the previous month and the same month of the previous year to see what's going on in your company.
- See everything like what you sold, the fees, and the actual net.
- Note the cost of goods.
- Do segmentations to make sure that you are focusing most of your resources on what makes the most money.
- Get the right people in the right spots.
Recommended Tool: ClickUp
https://www.clickup.com
Recommended Podcast: Tools of Titans
https://tim.blog/podcast/?amp
The Motley Fool Podcast
https://www.fool.com/podcasts/
Today’s Guest:
Nathan Hirsch is a co-founder and the CEO of EcomBalance.
EcomBalance provides bookkeeping and accounting services for eCommerce brands.
Connect and learn more about Nathan and EcomBalance here:
Websites:
https://www.ecombalance.com
https://www.outsourceschool.com
LinkedIn: https://www.linkedin.com/in/nathanhirsch
Facebook: https://www.facebook.com/FreeeUpNathanHirsch
Instagram: https://www.instagram.com/realnatehirsch
We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:
https://mindfulmarketing.co/growthplan-apply
If you've been paying attention and your brand is ready to GROW, apply now to be the one new brand we take on this month!