Thanks so much for answering my question! I asked because this week I got my first inquiry from someone in the city where my Google Business listing is and they wanted to have an in-person meeting but I'm currently in the other city (about 4 hours away.) I've offered to have a phone call to get the ball rolling so let's see what happens 🤞🏻
Hi Zach, I watch all of your video, and currently applying your tips for getting client, surprisingly there is owner respond me 😂, although she just asked my price then no further action 😅. But it's okay, i just realize the best way to find clients is directly approach them, it works! It gives me more spirit on running this business. May God bless you and your family... 😊
Do you use numbering systems with your Chart of Accounts? And how do you determine your categories for each client? This is my biggest hang up with trying to practice with my own books! I get too complicated with the categories and get stuck. What’s your practice of setting up the COA for. new clients? Thank you!
No, I don't use numbers. I simply create new chart of accounts as they become necessary. Most of my clients' transactions will fall into these categories: Office Supplies & Software, Contractor Labor, Advertising & Marketing, Car & Truck, Job Supplies
@@BookkeepingExpert Thank you for responding! Ok so I really overcomplicate things. Any reason why you don’t use numbers? Would that practice change if it were for a marketing agency?
I have a couple questions: Firstly, I have an Intuit account and signed up for the regular "QuickBooks Online Pro" version, but learned later that to do bookkeeping I'll need a QBO Accountant, which is different. Can I set up QBO Accountant after already buying the other version, and if so, how? Secondly, for most clients on a day-to-day basis, is the only duty of a bookkeeper just categorizing the transactions from the bank & credit card accounts, reconciling, and sending out the balance sheet & income statement? From my understanding watching videos on the matter that seems to be the primary duty of most freelance bookkeepers, is that correct?
1st - You should cancel your QBO pro account and set up a free QBO accountant account. 2nd - yes. The other main thing that bookkeepers do is manage Accounts Payable & Receivable.
HI Zach, I have a unique question and I could not find any video on this. I have created a LLC for the sole purpose of Investing in others syndicated Apartment purchases. I receive quarterly payments from my investments and at the end K1. My K1 has multiple lines like 1, 2, 5, 19, 20 etc. I use quickbooks to manage my accounting. So I am not sure how do I enter my K1's in what accounts so they are accounted properly. Really appreciate if you make a video on such a topic. So this will be a K1 received from my investment in other business. How should I record this K1 in my business book keeping?
Hi Zach!! Thank you for your amazing videos . I have one question , what happens when I work for a client whose bank account is not connected , and I get the paper statements at the beginning of the month . How to reconcile since there is no data in QB from last month? Knowing that the client does not do manual transactions ?
It's included in the full course here --> hbg-bookkeeping.mykajabi.com/offers/UmQTBrXF/checkout Or you can buy it individually here --> www.harrisburgbookkeeping.com/store/p/30-days-of-social-media-marketing-strategy
Hi Zack - another great video. Question- you mentioned uploading your personal account onto QBOA . How do you separate if you get a business account. Would you be able to have both accounts coming into QBOA.
Hi Zach, I'm considering buying your course. Would you please elaborate on the course's FAQ answer to 'Is this a self paced course'? I'd like to know more about the weekly calls and live trainings. When are the calls and the typical duration? How often are live trainings? Are calls and training sessions recorded for watching later? Sorry for multiple questions. I still work a regular job and want to figure out if I'd benefit from these parts of the course. Thanks!
Hi. I purchased Zach's How To Start a Bookkeeping Business course, and it is pre-recorded, do it at your own pace. The commitment time is ~15hrs or so. What I like is that the content is divided into mini sessions so if you have a few minutes here and there you can get stuff done. I'm taking my time and exploring the QBO testing environment while I follow along Zach, so probably will be over the estimated but that's my personal choice. So far, I love it. Straight to the point. No fluff or too wordy or going off tangents.
Hey, sorry for the confusion! The weekly calls are not included in the course. I have updated the FAQ section with correct information. I do offer weekly calls, but it's more of an accountability / support group. hbg-bookkeeping.mykajabi.com/offers/rVSvSvKi
Hello zach, i am looking to get into bookkeeping, i want help to go from a-z. I see you have a course, but i want to know what comes included in the course exactly, as well as, on average when do people get clients after or during the course. Also, does it come with resources such as contract templets, sales scripts ect.. My goal is to supplement my income for now and eventually make the switch. But i really want a guide. Any information on this would be greatly appreciated.
Hey Zach, I purchased your course, and I find it amazing. thank you for sharing your experience. I have a quick question, I am intending to start my bookkeeping business, and I have 2 clients (entrepreneurs running small businesses), do I need to have an account for each of my client or I can manage their bookkeeping with only one account? Thank you again for the wealth of info you are sharing with us.
@@BookkeepingExpert when you create a JE in QBO, entering a debit is on the left side. Maybe you meant "it doesn't matter if you enter the debit or the credit first"? Debits are always on the left side, Credits are always on the right. In the olden days, accountants always listed the debit first, then the credits. But, in QBO the order doesn't matter as long as you are debiting or crediting the right accounts. If you get the accounts wrong, you're in trouble.
Hi Zack. I have that imposter syndrome but I know I’m just talking myself out of taking clients. I became a QuickBooks Pro Advisor and now also taking Certified Bookkeeping course by intuit Academy offers that caters to QuickBooks. Do you think that is enough knowledge to have start taking clients?
@JessicaRamirez I'm also doing this course, in the reconciling module right now. I also just started doing the Pro Advisor training. How long did it take you to complete the Pro Advisor training?
You said that you used your free QBO accountant account for personal, to learn how to use it. When you got your first client, did you get another free QBO?
@@BookkeepingExpert OK, thank you. So, technically, as the S Corp owner, you're drawing a paycheck from the business (I assume you have whatever expenses you can legally have paid by the business). So, the payroll company does the income tax, social security tax, etc. for you, as well as takes care of your payroll tax? And the advantage to this setup is greater separation between you and the business for liability purposes? Am I understanding this correctly? I ask because I correctly own a single member LLC, and I was thinking about building my bookkeeping business under that LLC, but maybe an S Corp is better? Either way, the bookkeeping business will be its own LLC.
@@BookkeepingExpert One more question 🙂At what point do you provide references? At the beginning or after you looked over their bank statements and quoted them? The reason I'm asking is that one guy wants references with my resume before showing his statements... I have a feeling he wants to act as an employer, not client...
What was the most stressful error you've made working on a client's books, and how did you rectify it (in the books and with the client's feelings about it)?
Thanks so much for answering my question! I asked because this week I got my first inquiry from someone in the city where my Google Business listing is and they wanted to have an in-person meeting but I'm currently in the other city (about 4 hours away.) I've offered to have a phone call to get the ball rolling so let's see what happens 🤞🏻
Have you considered a zoom meeting so at least they can see you?
@@Trapz4Dayz I did mention that as well to hopefully build some trust. Thank you!
Hopefully they accept the phone call! I do have some clients who prefer in person meetings, but 4 hours is too far away
Hi Zach! I always learn something new from you. Thank you so much and God bless you even more.
Happy to hear that! God bless you 🙏🏻
Hi Zach, I watch all of your video, and currently applying your tips for getting client, surprisingly there is owner respond me 😂, although she just asked my price then no further action 😅. But it's okay, i just realize the best way to find clients is directly approach them, it works! It gives me more spirit on running this business. May God bless you and your family... 😊
Thanks for watching!
Do you use numbering systems with your Chart of Accounts? And how do you determine your categories for each client? This is my biggest hang up with trying to practice with my own books! I get too complicated with the categories and get stuck. What’s your practice of setting up the COA for. new clients? Thank you!
No, I don't use numbers. I simply create new chart of accounts as they become necessary. Most of my clients' transactions will fall into these categories: Office Supplies & Software, Contractor Labor, Advertising & Marketing, Car & Truck, Job Supplies
@@BookkeepingExpert Thank you for responding!
Ok so I really overcomplicate things. Any reason why you don’t use numbers? Would that practice change if it were for a marketing agency?
I have a couple questions:
Firstly, I have an Intuit account and signed up for the regular "QuickBooks Online Pro" version, but learned later that to do bookkeeping I'll need a QBO Accountant, which is different. Can I set up QBO Accountant after already buying the other version, and if so, how?
Secondly, for most clients on a day-to-day basis, is the only duty of a bookkeeper just categorizing the transactions from the bank & credit card accounts, reconciling, and sending out the balance sheet & income statement? From my understanding watching videos on the matter that seems to be the primary duty of most freelance bookkeepers, is that correct?
1st - You should cancel your QBO pro account and set up a free QBO accountant account.
2nd - yes. The other main thing that bookkeepers do is manage Accounts Payable & Receivable.
HI Zach, I have a unique question and I could not find any video on this. I have created a LLC for the sole purpose of Investing in others syndicated Apartment purchases. I receive quarterly payments from my investments and at the end K1. My K1 has multiple lines like 1, 2, 5, 19, 20 etc. I use quickbooks to manage my accounting. So I am not sure how do I enter my K1's in what accounts so they are accounted properly. Really appreciate if you make a video on such a topic.
So this will be a K1 received from my investment in other business. How should I record this K1 in my business book keeping?
That’s a complicated question! Might be too much to answer here
Hi Zach!! Thank you for your amazing videos . I have one question , what happens when I work for a client whose bank account is not connected , and I get the paper statements at the beginning of the month . How to reconcile since there is no data in QB from last month? Knowing that the client does not do manual transactions ?
You should ask the client for the transactions exported into an excel spreadsheet
@@BookkeepingExpert Thank you,yesterday I purchased your bookkeeping agreement. It is very helpful.
May I know where is the 30-day social media marketing guide? Is it in the full course program? Thanks!
It's included in the full course here --> hbg-bookkeeping.mykajabi.com/offers/UmQTBrXF/checkout
Or you can buy it individually here --> www.harrisburgbookkeeping.com/store/p/30-days-of-social-media-marketing-strategy
Hi Zack - another great video. Question- you mentioned uploading your personal account onto QBOA . How do you separate if you get a business account. Would you be able to have both accounts coming into QBOA.
I have 2 separate QBO accounts, 1 for business & 1 for personal
Hi Zach, I'm considering buying your course. Would you please elaborate on the course's FAQ answer to 'Is this a self paced course'? I'd like to know more about the weekly calls and live trainings. When are the calls and the typical duration? How often are live trainings? Are calls and training sessions recorded for watching later? Sorry for multiple questions. I still work a regular job and want to figure out if I'd benefit from these parts of the course. Thanks!
Hi. I purchased Zach's How To Start a Bookkeeping Business course, and it is pre-recorded, do it at your own pace. The commitment time is ~15hrs or so. What I like is that the content is divided into mini sessions so if you have a few minutes here and there you can get stuff done.
I'm taking my time and exploring the QBO testing environment while I follow along Zach, so probably will be over the estimated but that's my personal choice.
So far, I love it. Straight to the point. No fluff or too wordy or going off tangents.
Hey, sorry for the confusion! The weekly calls are not included in the course. I have updated the FAQ section with correct information. I do offer weekly calls, but it's more of an accountability / support group. hbg-bookkeeping.mykajabi.com/offers/rVSvSvKi
Hello zach, i am looking to get into bookkeeping, i want help to go from a-z. I see you have a course, but i want to know what comes included in the course exactly, as well as, on average when do people get clients after or during the course. Also, does it come with resources such as contract templets, sales scripts ect..
My goal is to supplement my income for now and eventually make the switch. But i really want a guide.
Any information on this would be greatly appreciated.
Here is a list of everything that's included hbg-bookkeeping.mykajabi.com/offers/UmQTBrXF/checkout
Hey Zach, I purchased your course, and I find it amazing. thank you for sharing your experience.
I have a quick question, I am intending to start my bookkeeping business, and I have 2 clients (entrepreneurs running small businesses), do I need to have an account for each of my client or I can manage their bookkeeping with only one account?
Thank you again for the wealth of info you are sharing with us.
You will have a QuickBooks online accountant account. All of your clients will invite you to their separate QuickBooks account. I hope that helps!
Hi Zack. Why do you choose to have an S-Corp rather than an LLC?
th-cam.com/video/hStQ_cjEd2Y/w-d-xo.html
@@BookkeepingExperthow would the 60/40 work specifically with distributions? Would the 40% be distributed via draws?
Could you make a video on which QBO rules u typically create, since now you started to use them?
That’s a great idea!
Debits on the left you say?
When you do a JE in QBO, it doesn't matter if debits go on the left or right.
@@BookkeepingExpert when you create a JE in QBO, entering a debit is on the left side. Maybe you meant "it doesn't matter if you enter the debit or the credit first"? Debits are always on the left side, Credits are always on the right. In the olden days, accountants always listed the debit first, then the credits. But, in QBO the order doesn't matter as long as you are debiting or crediting the right accounts. If you get the accounts wrong, you're in trouble.
Hi Zack.
I have that imposter syndrome but I know I’m just talking myself out of taking clients. I became a QuickBooks Pro Advisor and now also taking Certified Bookkeeping course by intuit Academy offers that caters to QuickBooks. Do you think that is enough knowledge to have start taking clients?
Learn bookkeeping fundamentals: Debits, credits, assets, liabilities, equity, balance sheet, and income statement
@@BookkeepingExpert Thanks for the response. That is exactly what that Intuit course is. Intro to accounting.
@JessicaRamirez I'm also doing this course, in the reconciling module right now. I also just started doing the Pro Advisor training. How long did it take you to complete the Pro Advisor training?
@@Trapz4Dayz It took me a weekend. I took a study course called FAST & EASY QBO Certification.
You said that you used your free QBO accountant account for personal, to learn how to use it. When you got your first client, did you get another free QBO?
Yes
Do you get bookkeeping clients from your TH-cam channel?
Sometimes when I make bookkeeping tutorial videos for real estate investors
Can you explain what you mean by "closing the books"? Also, if your business has no employees, why do you need to do payroll for your business?
S corp owner needs to be on payroll. closing the books means categorizing transactions, reconciling accounts, and sending P&L for the month.
@@BookkeepingExpert OK, thank you.
So, technically, as the S Corp owner, you're drawing a paycheck from the business (I assume you have whatever expenses you can legally have paid by the business). So, the payroll company does the income tax, social security tax, etc. for you, as well as takes care of your payroll tax?
And the advantage to this setup is greater separation between you and the business for liability purposes? Am I understanding this correctly?
I ask because I correctly own a single member LLC, and I was thinking about building my bookkeeping business under that LLC, but maybe an S Corp is better? Either way, the bookkeeping business will be its own LLC.
Zach, do you ever provide references to potential clients? I mean, if they request professional references from you?
Yes! Although it doesn’t happen very often
@@BookkeepingExpert One more question 🙂At what point do you provide references? At the beginning or after you looked over their bank statements and quoted them?
The reason I'm asking is that one guy wants references with my resume before showing his statements... I have a feeling he wants to act as an employer, not client...
What was the most stressful error you've made working on a client's books, and how did you rectify it (in the books and with the client's feelings about it)?
That’s a great question! I need to think about that one
How many hours do you work with 70 clients?
Are your customers using QuickBooks and granting you access to their data or are you using QuickBooks and granting them access?
They have QBO and grant me access
Do we need to tax our clients?
No, I don't charge sales tax in PA
I am looking for internship?? Pls give me a opportunity from you. I have completed MBA in Accounting along with CAcc
I'm not hiring anyone right now, sorry!
@@BookkeepingExpert you have 75 clients!!! How do you deal with by yourself without assistant. Thats great...