Episode 88. 5 Mistakes New Business Owners Make Around Accounting

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Does the thought of accounting make your skin crawl? Is it normal for you to go long stretches without paying attention to the accounting part of your business? This mindset can actually be hindering your ability to set attainable goals and ultimately be hurting your business. Luckily for us, Mari Somarriba of QBO Alchemist, LLC is here to help!

In this episode, you’ll learn:

  • Accounting and the 5 mistakes new business owners make when it comes to accounting
  • The difference between bookkeeping and accounting and how to define what is best for you when starting a new business
  • Why it’s important to keep your personal finances and business finances separate
  • Being mindful of how you’re handling receipts……because they’re really important
  • Finding the right accounting software that works for you

Mari Somarriba is a native Californian and Owner of QBO Alchemist, LLC! Prior to branching out into entrepreneurship, Mari worked in corporate accounting for over 20 years. 

Mari has a pretty simple mindset when it comes to accounting. We are not your Bookkeepers, we are your Goal Keepers! We are corporate accountants turned entrepreneurs who are here to bring structure, compliance, advice, and fun to an otherwise painful part of your business. 

Check out Mari’s website- QBO Alchemist 
Connect with QBO Alchemist on Facebook- QBO Alchemist – Home 
Connect with Mari on Linkedin- Mari Somarriba – Founder – The Bottom Line by Mari 
Enter for your chance to win a $50 gift card by following and tagging Mari and Brittany on Instagram-
Connect with Mari on Instagram- Bookkeeper | Controller (@qbo_alchemist) • Instagram photos and videos 
Connect with Brittany on Instagram- Brittany | Client Care Systems (@brittanyandco.consulting) • Instagram photos and videos 

Quote from the show- “I think it’s super important to make sure you’re not making these mistakes so you can get that, like, clear financial picture of your business, and don’t be afraid of your numbers. Like, you have to look at the numbers because they’re the lifeblood of your business. ”

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