March 7, 2025

Is Your Bookkeeper Stealing From You?

In this episode of the Gross Profit Podcast, James welcomes Audrey Godwin from The Audrey Company. They take a deep dive into the importance of picking your ideal customers and the impact of doing so for business success. Audrey shares riveting stories about fishy bookkeeping and her career journey, from working as a CPA to becoming a fractional CFO. They also touch on safeguarding against embezzlement, the unique challenges faced by female founders in the business world, and the moral and ethical framework provided by the Kingdom Driven Entrepreneur. Tune in to gain valuable insights on creating a sustainable and integrity-driven business.
The Gross Profit Podcast
The Gross Profit Podcast
Is Your Bookkeeper Stealing From You?
Loading
/

Show Notes

Welcome back to the Gross Profit Podcast! In this episode, James Kennedy sits down with Audrey Godwin, founder of The Audrey Company, to discuss the hidden financial risks that business owners face—including embezzlement, unethical bookkeeping, and financial blind spots that could cost you millions.

Audrey shares her career journey from CPA to fractional CFO, offering expert insights on how to build financially sustainable businesses with integrity. She also highlights the unique challenges faced by female founders, as well as the moral and ethical frameworks that guide her work, including her involvement with Kingdom Driven Entrepreneur.

What You’ll Learn:

🔹 Bookkeeping Red Flags – How to spot financial fraud before it’s too late.
🔹 Choosing the Right Clients – Why picking your ideal customers is critical for business success.
🔹 Embezzlement Prevention – Simple strategies to protect your business finances.
🔹 The Role of a Fractional CFO – How outsourced financial leadership helps businesses stay profitable and secure.
🔹 Financial Confidence for Women – The key mindset shifts that help female founders build wealth and stability.

Episode Highlights:

💬 “Financial freedom starts with clarity—when you don’t understand your numbers, you’re vulnerable.” – Audrey Godwin

💬 “It’s not just about making money; it’s about managing it in alignment with your values.”

💬 “The wrong bookkeeper can destroy a business—know what to look for and how to protect yourself.”

At The Audrey Company, Audrey helps women entrepreneurs gain financial confidence, clarity, and sustainability. Her programs focus on values-driven financial decision-making, wealth-building strategies, and financial integrity.

Join us for more episodes of the Gross Profit Podcast!

We bring you insights, strategies, and real-world stories from top finance leaders, entrepreneurs, and industry experts. Subscribe now so you never miss an episode! 🎧

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Nick Bilotta – The Medieval Accounting Trick That Still Works Today

In this episode, James Kennedy sits down with Nick Bilotta, Founder of Bilotta & Co. CPAs, to explore two powerful concepts often misunderstood in the accounting world: fund accounting and financial storytelling. Nick shares why fund accounting – often dismissed as an “old-school” practice – is becoming more relevant than ever for nonprofits, contractors, and organizations that need transparency, donor confidence, and better decision-making. He also breaks down how great accountants don’t just report numbers – they translate financials into narratives that inspire trust, secure funding, and shape an organization’s future. From motorcycle technician to SEC reporting leader to firm owner, Nick’s unconventional journey gives him a unique perspective on the role of modern CPAs, fractional CFOs, and the importance of clarity in financial communication.

Listen Now »
Merushka Chetty

Andy Mellor – The Truth About Fractional CFOs

In this episode, James Kennedy sits down with UK-based portfolio CFO Andy Mellor, founder of Summit17, to tackle a controversial question: what actually makes a “real” fractional CFO? Drawing on Andy’s journey from big corporate finance to PE-backed gym chains and nursery groups, through to running his own packed portfolio practice, they unpack how to separate serious CFOs from title-only pretenders, why great financial models should drive day-to-day decisions (not gather dust in Excel), and how fractional CFOs can build real equity instead of just selling hours. Along the way, Andy shares a live MBO case study where a retiring partner was bought out without private equity and how smart forecasting and cash planning made it possible.

Listen Now »
Merushka Chetty

Darren Cherry – The Exit Planning Blueprint

In this episode, James Kennedy talks with Darren Cherry, Partner at FocusCFO and leader of the firm’s Exit Planning practice, about building a business that thrives without the owner. Darren explains the three reasons companies bring in a fractional CFO, why exits take 12-18 months (minimum), and how to grow value (not just income) by reducing owner dependency, tightening approvals, and installing metrics that drive behavior. He also shares a turnaround story from industrial manufacturing and the mindset entrepreneurs need to scale and sell.

Listen Now »