5 Minute Bookkeeping

MARCH 31, 2022

Today, I’m sharing my scariest QuickBooks cleanup horror stories. I’ve put together my most chilling QuickBooks cleanup tales for you. The Tale of the Multiple QuickBooks Personalities. This story begins with a client who came to me using QuickBooks Desktop. This was a few years ago when I worked on QuickBooks Desktop.

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5 Minute Bookkeeping

MARCH 25, 2021

When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! I know I was.

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5 Minute Bookkeeping

MARCH 8, 2021

Are you taking on a big QuickBooks Online cleanup project and not sure where to get started? I want to share my tips for taking on a massive QuickBooks Online cleanup, to help you confidently take on even the toughest projects. Let’s start by defining what a cleanup is. Cleanup is really like a puzzle. Types of cleanups.

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5 Minute Bookkeeping

JUNE 24, 2021

Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? The accounts cannot be deleted. What are the causes?

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5 Minute Bookkeeping

JULY 10, 2023

It’s not news that QuickBooks is widely used among small business owners. When I started my business, I realized my limited knowledge of QuickBooks put me at a disadvantage. That was QuickBooks. Today, I’ll discuss the valuable resources provided by Intuit that are beneficial whether you’re new to bookkeeping or experienced.

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Stephanie Peterson

FEBRUARY 17, 2022

One company exempt from this rule is Zelle because it facilitates messaging between financial institutions and doesn't put holds on accounts or handle the settlement of funds; therefore, they are not required to send out 1099-K's. I am a CA Registered Tax Preparer and an Advanced Certified QuickBooks ProAdvisor. are excluded.

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LedgerDocs

JUNE 2, 2023

Software such as LedgerDocs or Quickbooks, are specifically designed to be simple and make bookkeeping accessible even to the newest virtual bookkeepers. Includes Automation and Integration: Efficiency is key when it comes to bookkeeping. It will also allow you to access your files from anywhere at any time.

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Stephanie Peterson

SEPTEMBER 8, 2021

They will also need to see check details for all checks written from any business checking accounts for the dates requested. A company's assets should be recorded in the books, which is something that many small businesses neglect; therefore, you should provide your bookkeeper with any necessary purchase agreements or receipts.

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Stephanie Peterson

NOVEMBER 14, 2021

Often, you will find these transactions labeled as Uncategorized Income and Uncategorized Expenses in QuickBooks. Your Accounts Aren't Reconciled It is crucial to make sure accounts are reconciled before filing your taxes. Any transactions that are not classified must be done before your taxes are filed to ensure accuracy.

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5 Minute Bookkeeping

DECEMBER 19, 2023

Let’s go over the best free and low cost apps for bookkeepers. Accounting Software My number 1 app is QuickBooks online accountant. This free app is designed for accountants and bookkeepers to manage clients’ QuickBooks files, collaborate, and streamline various accounting tasks.

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Stephanie Peterson

SEPTEMBER 21, 2021

Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Creating a separate bank account for your business will make it easier to identify the difference between personal and business expenses and help your case if the IRS ever audits your business.

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Stephanie Peterson

JULY 4, 2022

This is much less likely to happen when hiring domestic accounting firms and virtual assistants who complete the work themselves and who also don't seek to outsource their clients' work to others. Are you looking for a trustworthy accountant to manage your books? With that being said, most need little to no training.

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Stephanie Peterson

SEPTEMBER 13, 2021

Typically this occurs due to having insufficient time, an amateur bookkeeper, or failed efforts. By maintaining your books regularly, reviewing reports, and reconciling your accounts at the end of each month, you can avoid bookkeeping disasters. This process helps identify bookkeeping errors and duplicated entries.

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Less Accounting

MARCH 16, 2023

How Much Does a Bookkeeper Cost Accounting is probably not your favorite part of your business. Even if you are a solopreneur, freelancer, or small business owner, you may need to look into how much a bookkeeper costs and if you are ready to outsource bookkeeping to a professional.

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Stephanie Peterson

JULY 21, 2022

Due to a lack of knowledge of proper accounting procedures and regulations, many small business owners often make costly bookkeeping errors in their early years of operation. Here are 5 of the most common bookkeeping mistakes small business owners make. All in all, bookkeeping is best to be left to accounting professionals.

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5 Minute Bookkeeping

OCTOBER 28, 2021

Many businesses are switching to virtual offices, which opens up new challenges and exciting opportunities for accountants and bookkeepers. There are a few essentials you will need to know if you are ready to successfully make the switch to working virtually. Accounts payable: Melio. Receipt capture: Dext.

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Stephanie Peterson

JUNE 23, 2022

Are you looking for a trustworthy accountant to manage your books? I am an Advanced Certified QuickBooks ProAdvisor and specialize in working with clients who have QuickBooks Online—located in Murrieta, CA, and servicing clients in Southern California and the greater Las Vegas, Nevada area!

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Stephanie Peterson

MARCH 12, 2022

Are you looking for a trustworthy accountant to manage your books? I am an Advanced Certified QuickBooks ProAdvisor and specialize in working with clients who have QuickBooks Online—located in Murrieta, CA, and servicing clients in Southern California and the greater Las Vegas, Nevada area.

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Stephanie Peterson

SEPTEMBER 9, 2021

I am an Advanced Certified QuickBooks ProAdvisor and specialize in working with clients who have QuickBooks Online, QuickBooks Desktop (PC & Mac), QuickBooks Enterprise, and QuickBooks Premier. Accounting & Bookkeeping Services by Superior Virtual Bookkeeping LLC

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5 Minute Bookkeeping

APRIL 20, 2023

I can empathize because I have been there, frozen with fear and scared out of my mind when I first started my virtual bookkeeping business. ” Bookkeeping clients don’t expect you to know everything. But now there are so many groups that you can join on social media to get around like-minded bookkeepers.

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Stephanie Peterson

JUNE 24, 2022

Some of these changes can include tightening your accounts receivable timeline or reducing your response time regarding your sales cycle. Are you looking for a trustworthy accountant to manage your books? Lean operations are key when you have fewer resources to run your business and earn income.

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Stephanie Peterson

MARCH 8, 2022

HSA Contributions Slightly Rise in 2022 Health savings accounts allow you to save money in a specialized tax-advantaged account to use on future medical expenses. I am a CA Registered Tax Preparer and an Advanced Certified QuickBooks ProAdvisor.

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Stephanie Peterson

FEBRUARY 13, 2022

I am an Advanced Certified QuickBooks ProAdvisor and specialize in working with clients who have QuickBooks Online, QuickBooks Desktop (Windows), QuickBooks Enterprise, and QuickBooks Premier. Located in Murrieta, CA, and servicing clients in Southern California and the greater Las Vegas, NV area.

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5 Minute Bookkeeping

OCTOBER 4, 2023

Today, I’ll go over ChatGPT for bookkeepers and how to become a marketing machine in 3 steps. Step 1: Create an Account Let’s start with step one, we’ll need to set up a ChatGPT account. A good example of an about you paragraph is: “ Danielle Jones is the owner of a bookkeeping business in Sacramento, California.

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Remote Quality Bookkeeping

MAY 28, 2024

Modica serves clients across a wide geographical swath of the two states, and as he’s worked tirelessly to build his home shelving solution brand, he has found that spending valuable time learning accounting nuances – like the sales tax differences between New York and Connecticut – would be extraordinarily tedious and time-consuming.

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5 Minute Bookkeeping

SEPTEMBER 13, 2023

5: Lack of Differentiation A good way to differentiate yourself from other bookkeepers is to specialize in accounting software like QuickBooks Online. If your a bookkeeper looking for more resources, sign up for my free Virtual Bookkeeper’s Toolbox. Focus on how your services can help achieve those goa ls.

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Cloud Accounting Podcast

APRIL 7, 2019

11:06 -- Here’s what accountants and bookkeepers can learn from taxi companies evolving to compete with Uber (as the profession will likely have to evolve to compete with integrated software + services competitors such as QuickBooks Live). 35:44 -- This guy is why accountants on Twitch totally needs to be a thing.

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5 Minute Bookkeeping

JULY 29, 2021

If you’re looking for the best tips for taking on a massive undeposited funds cleanup in QuickBooks Online, this is the blog post for you. Tip #2: Reconcile business bank and credit card accounts. They invoice customers and receive payments via ACH, check, and QuickBooks payments. Tip #3: Diagnose the cause of the problem.

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Stephanie Peterson

AUGUST 8, 2022

Are you looking for a trustworthy accountant to manage your books? I am an Advanced Certified QuickBooks ProAdvisor and specialize in working with clients who have QuickBooks Online—located in Murrieta, CA, and servicing clients in Southern California and the greater Las Vegas, Nevada area!

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Future Firm

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. Chapter 7: Stay Up To Date. What challenges do they have?

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Future Firm

SEPTEMBER 27, 2023

Offshoring: Here you are moving business processes and your in-house accounting team to another country, typically one with a lower labor cost structure. What makes offshoring unique is that you essentially maintain full control over the financial data processing, which might be interesting if you’re providing client accounting services.

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Cloud Accounting Podcast

MARCH 21, 2020

Million of Stock After Reassuring Public About Coronavirus Preparedness 26:38 - Some webinars re: Food Service and Accounting During This Crisis Five Crisis Numbers for Food & Bev - YouTube Now What? Interested in sponsoring the Cloud Accounting Podcast? Need Accounting Conference Info?

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Cloud Accounting Podcast

AUGUST 25, 2020

Sponsors AccountingSuite: [link] LivePlan Bootcamp: [link] BQE CORE: [link] Show Notes 04:33 – One of this week's voicemail messages – Shana 06:40 - Increase your restaurant profits by tracking fiscal weeks in QuickBooks Online Advanced – Intuit QuickBooks 08:16 - Xero and TriNet provide full-service HR solutions to U.S.

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