Episode 67: When should you give team members access to your finances? (with Heidi Stepzinski)

Whether your team is growing or your practice is going through leadership changes, there can be a number of reasons why it might seem efficient to share the financial picture of the business with certain team members. However, this can definitely be a slippery slope! Julie's chatting with Heidi Stepzinski of the GreenOak Accounting team to talk about when it makes sense to share the finances of the business, and some alternative solutions that can help keep your finances private.

Heidi Stepzinski is the Accounting Director and one of the licensed CPAs at GreenOak Accounting. Heidi is passionate about guiding her clients to meet their financial goals and helping them make data driven decisions to overall benefit their practice. In her spare time, Heidi enjoys spending time with her family, is an advisor for her college sorority, and loves being outdoors.

Episode Highlights:

• What are some reasons you might be interested in sharing your practice's finances?
  • Wanting to take a step back from the business and appoint a new leadership role
  • Taking a leave of absence and needing someone to temporarily take over
• What situations should you try to find other solutions?
  • Profit Sharing
  • Team Accountability
  • Metrics

Links & Resources:
GreenOak Accounting
Therapy For Your Money Podcast