Managing your agency finances

Lee Jackson

What's inside?

Do you know what is in your bank account, who owes you what, and what you have to pay out? It’s likely you don’t as running an agency is time intensive and demanding. Finances become something we dread at the end of our financial year as we hand over a box of receipts to our accountants, unsure if we will be able to pay our tax bills.

It need not be like that. In today’s episode I am going to talk you through a very simple framework for managing the financial health of your business.

In this episode we:

  • Explore the impact of poor management
    • Spending decisions
    • Cashflow
    • Mental health
  • Review our simple finance process
    • Quotes
    • Invoicing
    • Reconciling
    • Expenses
  • Discuss responsibilities
    • Who should do what
    • What you should outsource
  • Recommend management tools
  • Share best practices that have helped us
    • Follow up tasks
    • Reports
    • Reviews
    • Automation

If you would like to control your money, rather than your money controlling you, then this episode is for you! No previous finance skill needed.


Kyle Van Deusen of the Admin Bar – click here.

Episode 251 – How to manage leads – click here.

Sponsored by Cloudways

One reason we can bring all this awesome content is because of Cloudways sponsorship. They believe in providing education and helping agencies deliver quality services without the stress. We use them for both our agency businesses.

Click here to check them out and support this channel.

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