By Drew McLellan |. Agency Management Institute
Most of us didn’t major in math or accounting. In fact, many of us were drawn to our industry because it wasn’t math centric! Unfortunately, agency leaders are not math exempt. Without proper financial data, it’s impossible to successfully run a profitable agency. This means your accounting partner, in-house or not, should be your constant companion.
Many agencies are exploring an outsourced accounting solution, just like most of us outsource our tax prep. But there is more to accounting than what meets the eye. Chris Hervochon is the founder of Better Way CPA that was built to serve agencies. Chris and his team approach accounting as a vital source of data that can help us make better decisions in real-time.
Chris joined us to discuss the metrics and best practices we can use to run our agencies better. We also talk about how to automate some of your accounting to really take full advantage of the information you have.
A big thank you to our podcast’s presenting sponsor, White Label IQ. They’re an amazing resource for agencies who want to outsource their design, dev or PPC work at wholesale prices. Check out their special offer (10 free hours!) for podcast listeners here.