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5 Minute Bookkeeping
United States
Приєднався 27 лют 2014
Hi. I'm Veronica Wasek. I'm passionate about empowering to reach your highest potential.
I'm founder of Mavency - bookkeeping for Shopify and TikTok Shop sellers mavency.com
I'm also the founder of the 5MB Academy - online training for virtual bookkeepers 5MBAcademy.com
Join my FaceBook group at bit.ly/2Am1lLQ
I'm founder of Mavency - bookkeeping for Shopify and TikTok Shop sellers mavency.com
I'm also the founder of the 5MB Academy - online training for virtual bookkeepers 5MBAcademy.com
Join my FaceBook group at bit.ly/2Am1lLQ
[Webinar Recording] Paid Diagnostic Review: Your Key to Profitable QBO Cleanups
In this webinar recording, I'll share my diagnostic review process and how I get paid to review clients' QBO books to get a full scope of work BEFORE cleaning up a clients' books.
In this webinar, I discuss:
How to get paid to perform a diagnostic review
My comprehensive review process
How to position yourself as an expert to sell cleanup services
Proven methods for pricing cleanups
Get ready for profitable cleanups!
Link to download the handout: bit.ly/494W0VD
Remember to subscribe so you get all my latest videos as soon as they come out! Check the links below for more info and helpful resources.
Download my free Virtual Bookkeeper's Toolbox: bit.ly/3PyAI9Z
Get notified about all my latest content, webinars, courses, and more: veronicawasek.ck.page/content
Join my Facebook community of virtual bookkeepers to find support and get your questions answered: bit.ly/2Am1lLQ
Check out my online academy for virtual bookkeepers to find amazing, free training resources as well as full courses on everything from pricing your services to virtual bookkeeping workflows. See what we've got for you right now at: 5MBacademy.com
**Manage client communications and bookkeeping workflows with ease using the Keeper app. Get 20% off the first 3 months by signing up with this link: keeper.app/?via=veronicawasek
Recommended playlists:
Successful Virtual Bookkeeping Business: bit.ly/37rCAur
QuickBooks Online cleanup & diagnosis: bit.ly/2ZFOQVL
E-commerce accounting for Shopify sellers: bit.ly/36SDaRV
**Affiliate link
Copyright 2023 5MB LLC
In this webinar, I discuss:
How to get paid to perform a diagnostic review
My comprehensive review process
How to position yourself as an expert to sell cleanup services
Proven methods for pricing cleanups
Get ready for profitable cleanups!
Link to download the handout: bit.ly/494W0VD
Remember to subscribe so you get all my latest videos as soon as they come out! Check the links below for more info and helpful resources.
Download my free Virtual Bookkeeper's Toolbox: bit.ly/3PyAI9Z
Get notified about all my latest content, webinars, courses, and more: veronicawasek.ck.page/content
Join my Facebook community of virtual bookkeepers to find support and get your questions answered: bit.ly/2Am1lLQ
Check out my online academy for virtual bookkeepers to find amazing, free training resources as well as full courses on everything from pricing your services to virtual bookkeeping workflows. See what we've got for you right now at: 5MBacademy.com
**Manage client communications and bookkeeping workflows with ease using the Keeper app. Get 20% off the first 3 months by signing up with this link: keeper.app/?via=veronicawasek
Recommended playlists:
Successful Virtual Bookkeeping Business: bit.ly/37rCAur
QuickBooks Online cleanup & diagnosis: bit.ly/2ZFOQVL
E-commerce accounting for Shopify sellers: bit.ly/36SDaRV
**Affiliate link
Copyright 2023 5MB LLC
Переглядів: 512
Відео
[Webinar Recording] How to Grow Your Bookkeeping Practice Through Business Advisory Services
Переглядів 82028 днів тому
Do you want to start offering advisory services but don't know where to start? Then this webinar recording with my friends from the CFO Project is just for you! In this webinar, Adam Lean discusses: •What business owners truly want from an advisory service (it's not what you think). •How to determine if you're qualified to offer business advisory services. •Strategies to get business owners to ...
How I beat overwhelm in my bookkeeping business
Переглядів 6382 місяці тому
Struggling with overwhelm in your bookkeeping business? In this video, I share how I conquered the chaos and regained control. From drowning in client work to implementing priority management, I detail my step-by-step process. If you're feeling overwhelmed, this strategy could be your game-changer! Watch now and take back control of your business. Remember to subscribe so you get all my latest ...
The hardest lessons learned as a bookkeeping firm owner
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Lessons Every Bookkeeping Firm Owner Should Know! Learn to say 'no' to the wrong clients, delegate like a pro, and safeguard your business with upfront payments. Remember to subscribe so you get all my latest videos as soon as they come out! Check the links below for more info and helpful resources. Download my free Virtual Bookkeeper's Toolbox: bit.ly/3PyAI9Z Get notified about all my latest c...
[Webinar Recording] 3 Key Tasks Before Taking On a QBO Cleanup
Переглядів 1,1 тис.2 місяці тому
It can be intimidating to take on your clients' huge QuickBooks Online messes, especially when you have no idea what's wrong with the books. You're left feeling like you're in over your head before you've even started. The project could end up taking way more time than you expected and if you are pricing by the hour, your client might get sticker shock when they finally get your invoice and ref...
How to become a successful bookkeeper in 7 steps
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How to become a successful bookkeeper in 7 steps
Inventory accounting essentials for bookkeepers [webinar recording]
Переглядів 8204 місяці тому
Inventory accounting essentials for bookkeepers [webinar recording]
[Webinar Recording] Virtual Bookkeeping Workflows: 5 Steps to Success
Переглядів 3,2 тис.5 місяців тому
[Webinar Recording] Virtual Bookkeeping Workflows: 5 Steps to Success
[Webinar Recording] Managing bookkeeping workflows and client collaboration with Keeper
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[Webinar Recording] Managing bookkeeping workflows and client collaboration with Keeper
[Webinar recording] Maximize your online presence: live feedback
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[Webinar recording] Maximize your online presence: live feedback
The best free and low cost apps for bookkeepers
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The best free and low cost apps for bookkeepers
Crafting Your Ideal Client Profile: From confusion to clarity
Переглядів 8429 місяців тому
Crafting Your Ideal Client Profile: From confusion to clarity
ChatGPT for bookkeepers how to become a marketing machine in 3 steps
Переглядів 2,9 тис.9 місяців тому
ChatGPT for bookkeepers how to become a marketing machine in 3 steps
How to attract the right bookkeeping clients through clear messaging [Webinar recording]
Переглядів 1,4 тис.9 місяців тому
How to attract the right bookkeeping clients through clear messaging [Webinar recording]
5 reasons why clients keep pushing back on your bookkeeping prices
Переглядів 1,2 тис.10 місяців тому
5 reasons why clients keep pushing back on your bookkeeping prices
Introverted bookkeepers: how to confidently talk to prospective clients
Переглядів 1,4 тис.10 місяців тому
Introverted bookkeepers: how to confidently talk to prospective clients
Tips for taking on a messy comingling cleanup in QuickBooks Online
Переглядів 1,9 тис.11 місяців тому
Tips for taking on a messy comingling cleanup in QuickBooks Online
Effective strategies for communicating your value as a bookkeeper [webinar recording]
Переглядів 1,5 тис.11 місяців тому
Effective strategies for communicating your value as a bookkeeper [webinar recording]
Important announcement: e-commerce videos moving to new channel
Переглядів 76411 місяців тому
Important announcement: e-commerce videos moving to new channel
5 crucial steps for setting up your Shopify bookkeeping using QuickBooks Online
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5 crucial steps for setting up your Shopify bookkeeping using QuickBooks Online
Shopify bookkeeping with QuickBooks Online: start to finish in 5 steps
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Shopify bookkeeping with QuickBooks Online: start to finish in 5 steps
Ask me anything about growing your virtual bookkeeping business [webinar recording]
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Ask me anything about growing your virtual bookkeeping business [webinar recording]
Free QuickBooks ProAdvisor Certification: how I used it to grow my bookkeeping business
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Free QuickBooks ProAdvisor Certification: how I used it to grow my bookkeeping business
Bookkeepers: What you need to know about legal entities and owner compensation
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Bookkeepers: What you need to know about legal entities and owner compensation
5 warning signs you're not doing your Shopify bookkeeping right with QuickBooks Online
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5 warning signs you're not doing your Shopify bookkeeping right with QuickBooks Online
QBO cleanup: Key steps to get organized and under control [webinar recording]
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QBO cleanup: Key steps to get organized and under control [webinar recording]
How to gain confidence as a new bookkeeper
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How to gain confidence as a new bookkeeper
3 Must Do's for Every Bookkeeper Before Taking on a Cleanup [webinar recording]
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3 Must Do's for Every Bookkeeper Before Taking on a Cleanup [webinar recording]
Shopify now charging for sales tax calculations! Shopify Tax explained
Переглядів 611Рік тому
Shopify now charging for sales tax calculations! Shopify Tax explained
My QuickBooks Online paid diagnostic review checklist #shorts
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My QuickBooks Online paid diagnostic review checklist #shorts
Thank you so much for this Mam God Bless you 🙏
Like the brief and to the point video. Made to make us think of the details for ourselves. Not made to give us all the details. That's good teaching: how to think, not "what to think" :)
In our experience fixed pricing benefits the bookkeeper/cpa , not the client. Clients are all different with different needs at different times. And unexpected needs during the year. There can be a possible dispute about what is "covered" and what is not. And the client thinks they are receiving a "deal" vs. hourly but after the on-boarding they are actually paying the same per hour or more. Another idea just struck me; if client is that resistant to your hourly rate what makes you think they aren't going to price shop you on the fixed rate? Thanks; writing this out I thought of another possible pricing strategy; package pricing.
What can you recommended me to start
Hi Veronica. Thank you for your advice. Is very helpful information. Can you please tell me how to get a Engagement letter,free virtual bookkeper toolbox, and free pricing strategies for bookkeper and accounts?
Is the Cleanup course updated? I checked on the website
I know this is an old post but hopefully I can still get an answer to my question- would an auditor take issue with catching up a reconciliation this way? Should I disclose that I’m using this method to my client and get it in writing that they approve?
Hi, i like this
Veronica have you tried taxdome? It can eliminate 3 of those apps but they do charge $800 per user on your team but it's for unlimited clients.
❤
Hi how would you record when it your finance summary left side total sales doesn’t match the right hand total payment? Could you make a video
Or a video when there’s timing differences
I did a Doordash in the US in 2019 and then I returned to my country. I didn't pay any taxes. How can I find out if I owe taxes? Thanks
THANK YOU! Your videos are laid out so clearly and logically, you are an excellent TEACHER! My wife and I are purchasing a Bar, and we need to do this exact thing, only, I am somewhat enamored of XERO, rather than QBO. We are going to be a Mom n Pop, so I will be doing the bookkeeping...Any thoughts on how the same Sales entry would be handled in (the somewhat simpler from my newbie perspective) XERO? THANK YOU!
Thank you for this video. Very helpful. I had a problem applying payment to the invoice because the service in the invoice wasn't connected to the Income account!
How much should I charge for book keeping?
Just to clarify, after the entire course/training, will you get the certification for free? Google via Coursera also has free courses but ultimately you need to pay at the end to get certified.
Hi, my question is: if a business owner is interested in my bookkeeping services but says he has not filed taxes in the last 3 years and does not have any access to a quickbooks account that was created by the last bookkeeper he had. Should I take on the client and create a whole new quickbooks account for him or would you not take it and say no? Or what would you recommend I do in a situation like this
What should you do if every expense from the PayPal account is also on the credit card that the money is coming from. There are minimal to no transfers to/from the PayPal, looks like the PayPal is just another way for him to make purchases on his credit card. Would you just categorize the expenses in his PayPal account first, but then what to do for the same expense on his credit card? I can’t just get the PayPal account off his QuickBooks, so I have to manage it somehow.
Florida
Thank you for this video. Much appreciated.
It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.
Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!
Thank you for your very informative video.
Hi Veronica, glad to be with you in this webinar, from Philippines.
I have two assistants, one works 8 hrs per week and the other one works 4 to 6 hrs per week 🤗 little by little 🙏
Thank you
Video was so helpful!! Thank you! I am starting my 1st big clean up tomorrow and I appreciate the tips
I’m more outgoing, but business settings terrify me. I struggle with what to say, but you gave some good questions here to ask! Thank you.
Thanks for sharing your expertise!
Thank you very much, simple and practical, I really appreciate it.
Is this check -list in qbo or did you use a spreadsheet?
Well I know I'm not a bookkeeper so I have no idea when you say "working from the Banking Center" I have no idea where that is in QB online.
I'm a new subscriber and love your videos! I can't find one for this question about clean-up. My old bookkeeper years ago posted an A/R payment by debiting cash and crediting sales. leaving an open A/R balance. My books are correct but the A/R Balance show money due from customers. How do I change the A/R balances without write-offs or bad debt?
Hi Fred. If your books are on a Cash basis, you can delete the customer invoice. It will not affect your books on a cash basis. If you don't want to delete the original invoice, or if your books are on an accrual basis, you would need to enter a Credit Memo and map it to the same income account originally used (or to bad debt expense). Then apply the credit memo to the invoice.
Please share
How
Just starting the process after leaving a career as an IT Project Manager. Looking forward to getting my life back.
Hi. I wish you all the best. I'm sure you've worked very hard in your IT career.
The major issue i am having is that my paypal account isn't just used for shopify. It received income from other sources as well, as well as fees, and expenses. How in the world do we handle this? Very confusing
You would have to try to figure out a way to identify revenue from other sources vs revenue from Shopify. If you can, you should open a separate PayPal account so that you can separate your revenue sources.
Hi Veronica, I've cleaned up the Unapplied Cash Payment Income report for the most part. What remains is a pair of transactions with the same date: "Payment" (overpayment by customer) and "Check" (refund check issued by the business); the payment is applied to the check. Why are they still showing on the report, and how can I clean them up? Thank you in advance for your expertise.
They are still showing up in unapplied because they are 2 different types of transactions. If they net to 0 in the same year, I would not do anything further.
This is from 4 years ago! It's incredibly out of date.
And then she literally didn't tell you how to do it.
Hi. Yes, this is an older video. I do not remove videos from my UA-cam Channel. You can find lots of more up-to-date videos in the same playlist.
You can find lots of more up-to-date videos in the same playlist that are much more in-depth.
Hi, I've been a Brazilian accountant since 2010. I'm trying to work as a bookkeeper and I'm studying a lot. Your content has inspired me not to give up. Thank you!
You are welcome!
Hi, what's the purpose of creating Retainer Applied & Retainer Due? Newbie here, thanksss.
For accounting purposes, you need to be able to track funds received in advance from customers. The Retainer Due and Retainer applied accounts allow you to do that, as I showed in the video.
Hi, I'm a Brazilian accountant and I'm looking to start a career as a bookkeeper in the USA. Your contents are very good. Thank you, keep it up.
Thank you so much. Best of luck to you.
I want to delete everything I recorded in Quick Book Online, everything not registered by records, to be able to enter everything again, the reason is that it was transferred from Excel to QuickBook and it is not right. Now I have fixed the excel and I want to spend everything in QBOnline. thanks for your help.
I remember that you mentioned that you started your business hard way without seeking consultant. Did you, eventually? If yes, what helped the most from the consulting?
Hi. That's a great question. I have never sought the help from a consultant or coach. I just figured things out as I went along. I also focused on continually improving myself in all aspects of my life and I focused on letting go of my fears.
@@5MinuteBookkeeping Thanks. Did you run a full service as a CPA including bookkeeping and tax preparation and planning when you started?
Hi ,thanks for a excellent video , can you please advise ,how much can i expect to earn monthly after one year having my own bookkeeping virtuale? I am bookkeeper in the one of the famous accounting firm
Hi. What you make as a bookkeeper is very dependent on the number of clients you will take on and your pricing. But, let's say that you have 7 clients at an average of $750 per month, that would be $5250 per month or $63K per year.
I am starting out, how can I get sample engagement letter?
Hi. You can get a free sample engagement letter and other free resources here bit.ly/cleanup_checklist
What about Quickbooks desktop?
Hi. I don't use QuickBooks Desktop.
Ahmed from libya!
Thanks for watching!
Thank you. Excellent content and inspiring too.
Glad you enjoyed it!
Hello professor. I have a doubt regarding consignment account topic related. How can I co-ordinate with you?
You may ask your question here in the comments. I'll see if I can answer your question.
@@5MinuteBookkeeping professor how can I write here whole sum??