About The Guest

After 20+ years working as a Small Business Accountant and Advisor, Mariette's entrepreneurial journey has evolved from practitioner to educator. She launched MasterYourBooks Learning Center in early 2020 to inspire and equip growth-ready entrepreneurs and their accounting partners to navigate the complexities of small business and finances.

Mariette Martinez

Business and Financial Educator

Financial Foundations

In this episode of the HatsOff podcast, Amanda Rae hosts Mariette Martinez, a long time 17hats user and a business and finance educator. They delve into the importance of maintaining financial transparency in one's business, with a focus on understanding your financial inflow and outflow. Mariette offers insight into how to manage and organize your finances, as well as differentiating between bookkeepers and accountants. Mariette also emphasizes how different business structures have different tax obligations and advises business owners to exercise patience with their journey towards their goal.

“[When] we think about bookkeeping and finances, the first thing we think about is taxes. That's the last thing we need to think about, because if your books are not ready, you are not ready for taxes.” — Mariette Martinez

What You'll Learn

  • 01:00 Mastering Financial Fitness
  • 07:27 Overcoming Tax Season Anxiety
  • 15:28 Understanding Different Transaction Categories
  • 22:03 Transitioning from Paper to Digital Receipts
  • 26:48 Understanding Different Tax Obligations
  • 32:24 Bookkeeper vs. Accountant in Your Business