5 Biggest Bookkeeping Challenges (and How to Solve Them Like a Pro!)

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  • เผยแพร่เมื่อ 1 ก.พ. 2025

ความคิดเห็น • 52

  • @ericbrandell7249
    @ericbrandell7249 3 หลายเดือนก่อน +14

    Zach!! I happened across your channel back in June. I thought about it for a while and decided to start a side bookkeeping business. Got my first client this week! Thanks for inspiring me, and I wish you all the best.

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน +1

      Congratulations!! Keep working hard

  • @rosemarysalcedo
    @rosemarysalcedo หลายเดือนก่อน +1

    I appreciate your candor in keeping your boundaries because scope creep is just so real! Having a relationship with my clients are important but respecting each others' time is also highly vital to your growth. Thank you!

  • @jefferylangerude7905
    @jefferylangerude7905 2 หลายเดือนก่อน +1

    Hi Zach…
    Hope all is well with you. I have been watching your channel for awhile and I have finally decided to take a bookkeeping course and get started. Thanks!!

  • @VanV0rtex
    @VanV0rtex หลายเดือนก่อน +1

    Very good info. I have 20 years in IT finance in various industries as well as being a hobby day trader. It would seem that I could easily jump into bookkeeping and since I'm jobless in an out of the way place, this could be the perfect thing. I'm cramming hard and hope to get everything setup in January.

  • @kathypatterson9906
    @kathypatterson9906 3 หลายเดือนก่อน +2

    I love that you give the reality of bookkeeping. Real life situations. I always learn from you. Many thanks.

  • @Ytp224
    @Ytp224 26 วันที่ผ่านมา

    Thank you for the feedback 🎉

  • @mrmarty1403
    @mrmarty1403 2 หลายเดือนก่อน +1

    Great channel! We have a landscaping company and I've been using QB Desktop since the 90's.
    Everybody is telling me to switch to QB Online but I'm hesitant to change seeing that I can do Desktop with my eyes closed....plus I'm a dinosaur (been in business over 30 years).
    I'll follow your channel and see if I can come around to the 21st century.

  • @donnapalomino6071
    @donnapalomino6071 3 หลายเดือนก่อน

    I love your teaching. I am so thankful for these videos. It will help me to get started with a bookkeeping business when I’m ready. Thanks!!!!

  • @Squareonebookkeeping
    @Squareonebookkeeping หลายเดือนก่อน

    Gold! 100% value.

  • @jennyturner5849
    @jennyturner5849 3 หลายเดือนก่อน +1

    Fantastic content Zach! Thanks tons! I have been considering A/P work but perhaps not. Maybe I need to concentrate on the three main tasks.

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน +1

      I do A/P for a few clients, but I definitely charge extra for it!

  • @AccurateLedgers
    @AccurateLedgers 2 หลายเดือนก่อน +1

    Hi Zach, I have watched a ton of your videos since I found you a about a week ago. What I haven't found is any detail in setting up the clients books. I know you have covered some basics (importance of chart of accounts, etc.), but if you have a video that covers set up, can you point me to it? If you don't have one, will you consider making one? Specifically, I'd like to know how you customize your COA for the client? Do you interview them? Do you have a questionnaire? What do you do about assets? Do you set up the assets they already have with accumulated depreciation? Or do you only record assets they purchase once you start doing their books and refer them to an accountant to do the asset register and record it in QB? Do you record any depreciation? What about for businesses that are accrual basis? Do you record prepaid expenses (for insurance) and expense it off monthly or at year end? Sorry for all the questions; I'm a detail person. lol

  • @codywatt7775
    @codywatt7775 3 หลายเดือนก่อน

    Zach thanks for giving us perspective. This is probably the most usefull video I have seen to help someone get started! Also giving us an outline on your FB group is what made me come watch it. Great workflow.

  • @brynnmatthews1730
    @brynnmatthews1730 3 หลายเดือนก่อน

    This was really valuable. I struggled so much with scope creeps, lol! Boundaries are such an important part of being a business owner. Thanks for another gem of a video.

  • @heatherrantz2899
    @heatherrantz2899 3 หลายเดือนก่อน

    Hi. Thank you, great video. Can you share what you think the best way fur clients to send you receipts etc?

  • @LewStone-u9g
    @LewStone-u9g 2 หลายเดือนก่อน

    Really enjoying your podcast. Trying to figure out how to start bookkeeping online business. How do I focus in marketing on doing categorizing, reconciliation, and reports, as you suggest. And not do payroll inventory, taxes? Do I put in my various social media profiles that that’s what I wanna do and a reason why I only wanna do that? Can you give me any advice? Thank you and keep up the good work. I appreciate it. 2

  • @LewStone-u9g
    @LewStone-u9g 2 หลายเดือนก่อน

    Really enjoying your podcast. Trying to figure out how to start bookkeeping online business. How do I focus in marketing on doing categorizing, reconciliation, and reports, as you suggest. And not do payroll inventory, taxes? Do I put in my various social media profiles that that’s what I wanna do and a reason why I only wanna do that? Can you give me any advice? Thank you and keep up the good work. I appreciate it.

  • @heathersheaven7933
    @heathersheaven7933 2 หลายเดือนก่อน +1

    Do you update Inventory for cliets?

  • @wademccaugherty6370
    @wademccaugherty6370 3 หลายเดือนก่อน

    This is great information, thank you for sharing!

  • @dnwanja
    @dnwanja 2 หลายเดือนก่อน

    So good!

  • @psm0815
    @psm0815 3 หลายเดือนก่อน

    Zach, very informative video, could you clarify how you price bookkeeping services for real Estate investors? Do you charge $3 a transaction for their main business transactions and $4 a transaction for anything property or class specific? Or $4 for all transactions across the board if they use classes?

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน

      $4 for everything if they want class tracking

  • @AccountingAcumen
    @AccountingAcumen 18 วันที่ผ่านมา

    How can I start and flourish QBO bookkeeping business if I'm not resident of US or Europe?

    • @BookkeepingExpert
      @BookkeepingExpert  13 วันที่ผ่านมา

      Great question! Please book a call here: www.harrisburgbookkeeping.com/scheduling 😊

  • @briancooper314
    @briancooper314 3 หลายเดือนก่อน

    Great video as always! Do you create & send invoices or mark invoices paid? Are you entering payments and deposits? Do you enter any manual checks or vendor bills? Appreciate your input!

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน

      I try to minimize any manual entry. Most of the bookkeeping that I do is from the bank feed. managing A/R and A/P is an additional fee.

  • @wbspangie
    @wbspangie 3 หลายเดือนก่อน

    Thank you for all the valuable information. Just curious is there any industry that you avoid or is challenging. I have worked for a shop owner and find it was hard because of the inventory management.

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน

      No, I work with a wide variety of industries.

  • @bbsejhjhseuhnsukhfdk
    @bbsejhjhseuhnsukhfdk 3 หลายเดือนก่อน

    Hey Zach, I loved the A/P, A/R section of your video. I understand that you charge $5 per A/P and 10/ per A/R for the full cycle. How do you come up with the amount to charge, is that an average as well?

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน

      Yes, just average the number of transactions per month

  • @brendonlasalle8685
    @brendonlasalle8685 2 หลายเดือนก่อน

    I have a question in regards to bookkeeping and utilizing QuickBooks etc...
    Do you think it would be possible to train and higher for example my fiance who's Filipina to be able to utilize QuickBooks and learn how to do this job (without English being her first language but plenty fluent still) to be able to perform this job professionally and accurately and even potentially passing on the knowledge of the process herself eventually ??
    Is it viable to hire employees at an hourly rate in this way would you say ?? Thankss!

  • @Happiness379
    @Happiness379 3 หลายเดือนก่อน

    Hi, Zach! When you said 20 hours per week to make $50k per year, does this include managing/answering emails, phone calls, etc.?

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน +1

      Yes! You can make $50,000 per year and only work 20 hours per week if you structure your business correctly

  • @treader1980
    @treader1980 2 หลายเดือนก่อน

    I hope this message finds you well. My name is Youness Nasih, and I’m from Morocco. I am interested in working remotely as a bookkeeper for U.S. clients. Is this possible? Additionally, do you have any tips on how to get started?

  • @ryankelly3953
    @ryankelly3953 3 หลายเดือนก่อน +2

    Love your stuff, but I need to ask a question. You say you do three (3) things: 1. Categorize transactions, 2. Reconcile accounts, 3. Categorize your transactions
    Is this supposed to be a funny way of saying that categorizing transactions is so important that it warrants holding two (2) spots? Or did you accidently repeat it and forgot to mention the actual third thing that you do? Or am I really missing something?

  • @sasha.elaine
    @sasha.elaine 3 หลายเดือนก่อน

    What if they have a 3rd party merchant account do you pull the reports

    • @BookkeepingExpert
      @BookkeepingExpert  3 หลายเดือนก่อน

      No, I don't usually look at those, although they can be difficult to work with

  • @chairwithoutwheels9148
    @chairwithoutwheels9148 3 หลายเดือนก่อน +1

    Hey Zach, first of all, please you gotta start pronouncing it "neesh instead of "nitch" 😅 also, this has been one of the more insightful videos I've seen from you since I started watching you. In most of your videos you usually say the same stuff but i heard a lot of new info in this one. You should definitely start taking more time inbetween videos if it means better quality of info, like in this one. Thanks for the great content 👍👍

  • @philip-markosrah2454
    @philip-markosrah2454 3 หลายเดือนก่อน

    Thus was very informative. Been a while don't know if you'll recognize me

  • @trollmr7378
    @trollmr7378 3 หลายเดือนก่อน

    Hello. I see a lot of hate towards quickbooks online. What do you think about it? I can't understand the gigantic amount of hate towards it. It doesn't seem bad. Also based on your videos you only use it.

  • @LewStone-u9g
    @LewStone-u9g 2 หลายเดือนก่อน

    Really enjoying your podcast. Trying to figure out how to start bookkeeping online business. How do I focus in marketing on doing categorizing, reconciliation, and reports, as you suggest. And not do payroll inventory, taxes? Do I put in my various social media profiles that that’s what I wanna do and a reason why I only wanna do that? Can you give me any advice? Thank you and keep up the good work. I appreciate it.

  • @LewStone-u9g
    @LewStone-u9g 2 หลายเดือนก่อน

    Really enjoying your podcast. Trying to figure out how to start bookkeeping online business. How do I focus in marketing on doing categorizing, reconciliation, and reports, as you suggest. And not do payroll inventory, taxes? Do I put in my various social media profiles that that’s what I wanna do and a reason why I only wanna do that? Can you give me any advice? Thank you and keep up the good work. I appreciate it. 2