[2:10]: Bec introduces herself and her business, Straight Up Bookkeeping

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[3:30]: Bec shares about how she learned a little bit of Dutch from having lived in the Netherlands

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[6:15]: The most common mistakes Bec sees in bookkeeping:

• Mixing personal and business transactions together. Bec’s advice is to open a business bank account

• Unreconciled bank accounts

• Incorrect coding. Some businesses miss out on a lot of GST refunded from the ATO

[9:50]: Bookkeeping isn’t something you’re born with. Getting foundational guidance before you manage your own books is so important.

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[11:10]: 3 tips for business owners who are looking to uplevel

• Get Xero which is at the forefront of accounting software

• Learn how to run and read basic financial statements in Xero

• Create a budget. This gives context to the reports you’re running.

[13:50]: For freelancers and sole traders, it might never be time to outsource. For larger businesses, around year 2-3 would be a good time. Outsourcing is also good for anyone who doesn’t have an interest in doing their own bookkeeping.

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[15:40]: If you don’t love it or feel like you’ve got a good grasp of your books, it can be really stressful. It can also be scary to outsource but the benefits far outweigh.

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[18:40]: Bookkeeping It Real is a self-paced course for business owners who aren’t ready to outsource their bookkeeping.

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[20:05]: The course includes 5 modules teaching people how to use Xero themselves

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[21:15]: Bec shares the biggest lesson she’s learned - you can’t do it all yourself. Now she has a fully-fledged team and her business feels more amazing because of it.

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[22:55]: Getting caught in the cycle of doing everything yourself can lead to burnout.

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[23:30]: The unexpected benefit of working with Kristy has been that Bec’s profit has grown. As she has faced mindset challenges, it has led to more growth and expansion.

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[26:50]: Where to find Bec