Hello 🎉. I like your video and I agree with you that as bookkeepers we can guide and educate business owners. Maybe not as a lawyer or a CPA but just to help them understand a general concept and point them towards the resources and tools that they need.
A full charge bookkeeper can completely do this. I started my career in banking as a teller and chief teller, then transitioned to full charge bookkeeping while I got my accounting degree. I have been a controller and CFO for the last 30 years. However I was able to identify areas of improvement early on.
Focusing on spending, financial history, and KPIs is a solid approach. I'd be interested in learning more about how to effectively identify and address those "blocks" you mentioned. Could you elaborate on common challenges clients face and how advisory services can overcome them? Great Video
Hey! Thanks for the feedback. I will let Morgan know you are interested in a follow up on this video and will send her your questions. Krista (FinePoints Admin)
Nope. This is literally the job of an accountant or a business tax professional. Can't believe I gotta say it, but PLEASE bookkeepers don't be overstepping your scope and attempting what is discussed in this video. If anyone does a basic search of The Accounting Cycle, you'll see this literally crosses the line past what would be allowable for a bookkeeper to perform as work. It could also cause legal problems in certain states and jurisdictions. Please don't follow this advice.
Hey! If you're talking about automation in the form of AI. Check out this video Morgan made on 3 ways to use AI in your bookkeeping business: th-cam.com/video/U_snMtmviPY/w-d-xo.html Krista (FinePoints Admin)
Nope. This is literally the job of an accountant or a business tax professional. Can't believe I gotta say it, but PLEASE bookkeepers don't be overstepping your scope and attempting what is discussed in this video. If anyone does a basic search of The Accounting Cycle, you'll see this literally crosses the line past what would be allowable for a bookkeeper to perform as work. It could also cause legal problems in certain states and jurisdictions. Please don't follow this advice. If a bookkeeper that's not a CPA or tax professional tells you they do advisory, RUNNNN
@clasped003 I would have to respectfully disagree. As long as you make it clear to your client that you are NOT a CPA or Financial Tax Advisor, etc etc, you are clear to advise your clients with information that could benefit their operations. I have started up several companies and have worked in several corporations in my lifetime (I'm soon to be 70 years old)... I can assure my clients that I have lifetime experience that I draw upon that could bring them value as compared to a snot-nosed young CPA just out of school. Ok, maybe they don't have a snot-nose, but they also don't have the trials and tribulations of life to pass down wisdom to their clients, like I do. And that's the way it is, in my opinion.😊
Hello 🎉. I like your video and I agree with you that as bookkeepers we can guide and educate business owners. Maybe not as a lawyer or a CPA but just to help them understand a general concept and point them towards the resources and tools that they need.
Yes!!
Krista (FinePoints Admin)
A full charge bookkeeper can completely do this. I started my career in banking as a teller and chief teller, then transitioned to full charge bookkeeping while I got my accounting degree. I have been a controller and CFO for the last 30 years. However I was able to identify areas of improvement early on.
Focusing on spending, financial history, and KPIs is a solid approach. I'd be interested in learning more about how to effectively identify and address those "blocks" you mentioned. Could you elaborate on common challenges clients face and how advisory services can overcome them? Great Video
Hey! Thanks for the feedback. I will let Morgan know you are interested in a follow up on this video and will send her your questions.
Krista (FinePoints Admin)
@@FinePointsBookkeeping Thank you.
I'm new to bookkeeping, but isn't that mostly an accountants job instead of a bookkeeper?
She literally answered that question. She says she realizes that she's not an accountant but to help your client you can offer advice to your client.
@@This_World_Aint_For_The_Weak Commented too quick, thanks anyway. Do people hire a financial advisor alongside an accountant?
Nope. This is literally the job of an accountant or a business tax professional. Can't believe I gotta say it, but PLEASE bookkeepers don't be overstepping your scope and attempting what is discussed in this video. If anyone does a basic search of The Accounting Cycle, you'll see this literally crosses the line past what would be allowable for a bookkeeper to perform as work. It could also cause legal problems in certain states and jurisdictions. Please don't follow this advice.
@@Clasped003 Thanks for your advice and perspective
@@YourBusinessYourNumbers why are you telling me bro 💀
❤
Dang it! I used to know your name but I forgot😭🙆. I think it's Morgan?🤔. Anyway, please what do you think about automation?😭🤣🤔
Hey! If you're talking about automation in the form of AI. Check out this video Morgan made on 3 ways to use AI in your bookkeeping business: th-cam.com/video/U_snMtmviPY/w-d-xo.html
Krista (FinePoints Admin)
I kinda gave up on that career path lol 😂😂😂. I either continue that or choose a different career 😢. I'm still young... idk
Live it up!
I am very confused about chosing career what can I dooooo
Pros/cons list, then just start somewhere. :)
@@FinePointsBookkeeping what is difference between book keeping and quick books
Thanks for the amazing videos
My pleasure!
Nope. This is literally the job of an accountant or a business tax professional. Can't believe I gotta say it, but PLEASE bookkeepers don't be overstepping your scope and attempting what is discussed in this video. If anyone does a basic search of The Accounting Cycle, you'll see this literally crosses the line past what would be allowable for a bookkeeper to perform as work. It could also cause legal problems in certain states and jurisdictions. Please don't follow this advice. If a bookkeeper that's not a CPA or tax professional tells you they do advisory, RUNNNN
@clasped003 I would have to respectfully disagree. As long as you make it clear to your client that you are NOT a CPA or Financial Tax Advisor, etc etc, you are clear to advise your clients with information that could benefit their operations. I have started up several companies and have worked in several corporations in my lifetime (I'm soon to be 70 years old)... I can assure my clients that I have lifetime experience that I draw upon that could bring them value as compared to a snot-nosed young CPA just out of school. Ok, maybe they don't have a snot-nose, but they also don't have the trials and tribulations of life to pass down wisdom to their clients, like I do. And that's the way it is, in my opinion.😊
Good to think about!