[embedded content] Yes, most small business owners who are wanting to work on their bookkeeping have every intention of doing it, but things get in the way. After working with hundreds of small business owners and helping them with QuickBooks Online and with their bookkeeping, I have found that there are so many things that

Jill and Bob recently handed their books off to their tax accountant, who just happens to know how to use QuickBooks Online (Isn’t that a coincidence?). After a quick glance at their QBO, the accountant, Caroline, asked why they didn’t reconcile their business’ bank accounts. Baffled by this question, Jill and Bob told Caroline that

[embedded content] Transcript Hey. Veronica Wasek here with another episode of BK Biz. Should you give free consultations? Should you give free consultations to prospective clients? I think this is a great question and one that I think you have to make a decision for yourself. But I’ll tell you from my own experience what

[embedded content] Stop selling bookkeeping! You heard me, stop selling bookkeeping. I have recently learned a very powerful lesson. Your ideal client is more interested in how you can solve their biggest business problems. It’s a given that you will do the bookkeeping, the reconciling, and the QuickBooks- that’s a given. What’s not a given

Jill and Bob just made a huge mistake! They went on vacation and used their business bank account to pay for restaurants, hotels, and sight-seeing. However, when they returned home to resume their business and catch up on their bookkeeping, they realized that they did something so horrible, that they needed counseling… …With an accountant.

[embedded content] Transcript There are many people in the Facebook groups saying that they are talking to prospective clients and are kind of upset about the fact that they didn’t land a client – but then come to find out, it was really the wrong client. It was not the ideal client and there were

[embedded content] Transcript In a previous video, I talked about the fact that you can work on your own bookkeeping in just five minutes a day by working with a bank feeds (those are the transactions that download from your bank and credit card account directly into QuickBooks Online). Now, one of the things that

[embedded content] Transcript Do you have trouble getting bookkeeping clients? If you’re having trouble getting bookkeeping clients, I can completely understand, because I have had issues, and in fact in the early part of my business, I had a lot of problems attracting clients and getting clients. It was because I was doing what everybody

[embedded content] Transcript Today, we are talking about developing daily habits. In particular, daily habits of working with your bookkeeping in QuickBooks Online. Here at the 5MinuteBookkeeping.com blog, we like to talk about five minutes and engaging with your bookkeeping in a minimum of five minutes a day. Because, the tendency tends to be that

It was December 31, 2018, and Jill and Bob were standing in Times Square, waiting for the big crystal ball to drop, blissfully celebrating another successful year of business together. In that moment, they did not imagine that one month later, they would be running around their office in full-blown panic mode. The reason: Jill

[embedded content] What are you doing to make yourself memorable to your ideal prospect? One of the most important things that you can do, not only to make yourself memorable, but to make a connection with your ideal prospect, is to have a professional headshot. A professional headshot is so important because it personalizes you.

[embedded content] Transcript Should you do your own bookkeeping? That is an excellent question to ask yourself if you want to be a successful business owner. At some point in your business, you have to make the decision whether it makes more sense for you to spend time doing your own bookkeeping or whether your

October 21, 2014 3 min read Opinions expressed by Entrepreneur contributors are their own. Consider the following expense fraud scenarios: airfare for a cancelled flight, a $50 travel meal of Ketel One and sodas, and pay-per-view movies lumped into the nightly hotel room rate. While it’s easy to believe a few dollars here and there

January 28, 2015 3 min read Opinions expressed by Entrepreneur contributors are their own. You are a new business owner. You’ve ordered your business cards, set up your website, hired your first employee. You even have a few customers who are willing to pay you for what you do. You are ready to roll. Are

February 6, 2015 4 min read Opinions expressed by Entrepreneur contributors are their own. If you’re one of the many small business owners who hasn’t done his or her bookkeeping all year long, this tax season will unfortunately be a stressful time as you frantically scramble to pull together all your receipts and business expenses, trying

It’s not fancy, but bookkeeping is critical to your business success. April 30, 2015 6 min read Opinions expressed by Entrepreneur contributors are their own. In his book The Tax & Legal Playbook, CPA and attorney Mark J. Kohler targets the leading tax and legal questions facing small-business owners, and delivers clear-cut truths, thought-provoking advice,

July 14, 2015 4 min read Opinions expressed by Entrepreneur contributors are their own. In any business, liquidity is important. You need enough cash to pay your obligations. That is, over time the amount of cash that flows into your business must be greater than or equal to the amount of cash that flows out

August 19, 2015 7 min read Opinions expressed by Entrepreneur contributors are their own. In today’s world, an accountant needs more than just a brick and mortar office. They need to continually expand their knowledge, keep up with the latest industry insights, and be able to share their knowledge with people looking for financial advice. The same

October 6, 2015 5 min read Opinions expressed by Entrepreneur contributors are their own. I don’t know about you, but finances aren’t really my strength. I’m an entrepreneur – a big picture guy. I like to tackle big problems and develop big visions. I don’t like to sit around staring at a financial spreadsheet while I

November 4, 2015 6 min read Opinions expressed by Entrepreneur contributors are their own. Do you find managing your business finances to be a pain? Although it may appear to be, and often is, tedious, keeping your finances in order is extremely important. It helps you to project where your business is headed, and when you know exactly