CATCH-UP a new bookkeeping client

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With a new bookkeeping client, you'll often need to spend some time catching up their QuickBooks file to the current date. In this video I talk about how to familiarize yourself with the books and figure out what date to start. Then, start and organize your catch-up work, and make a plan going forward on how to do the bookkeeping quickly and efficiently.
Videos mentioned:
How to do a clean-up on messy books: • How to do a "CLEAN-UP"...
Key Performance Indicators: • KPIs for your bookkeep...
Veronica Wasek classes:
Paid Diagnostic Review: courses.5mbacademy.com/course...
Colossal cleanup checklist: courses.5mbacademy.com/course...
Complete QBO cleanup system: courses.5mbacademy.com/course...
My website: www.finepoints.biz/
☑️My favorite bookkeeper training (affiliate links)
💜Bookkeeper Launch free series: sk293.isrefer.com/go/BLFS/ML82/
💜Bookkeeper Launch FAQs: sk293.isrefer.com/go/BLFAQ/ML82/
💜Bookkeeper Launch checkout: sk293.isrefer.com/go/BLIO/ML82/
☑️Classes taught by me
🟢How to start your business in 30 days (Bookkeeper Business Coach): finepoints.newzenler.com/cour...
🟢How to get clients (Bookkeeper Marketing Coach): finepoints.newzenler.com/cour...
☑️Free stuff
➡Is bookkeeping right for me? (free masterclass): finepoints.newzenler.com/fp/b...
➡How I got my first 3 CLIENTS (free masterclass): finepoints.newzenler.com/fp/c...
➡Start a bookkeeping business (free checklist) finepoints.newzenler.com/f/st...
➡LEARN bookkeeping (my favorite training options): finepoints.newzenler.com/f/ce...
➡Where to start bookkeeping (chart): finepoints.newzenler.com/f/de...
➡Tax Biz (free intro class on taxes): sk293.isrefer.com/go/TBFW/ML82/
➡More freebies on my website: www.finepoints.biz/resources
➡ Please SUBSCRIBE! / @finepointsbookkeeping
☑️Pass the ProAdvisor Test: Fast and Easy QBO (affiliate links)
For Basic (code "finepoints" for discount): www.fastandeasyqbo.com/Morgan
For Advanced (code "finepoints" for discount): www.fastandeasyqbo.com/Morgan...
☑️Other awesome classes (affiliate links)
Booming Bookkeeping: www.boomingbookkeeping.com/re...
Nerd Enterprises: www.nerdenterprises.com/a/202...
5 Minute Bookkeeping: courses.5mbacademy.com/?ref=a...
▶My Bookkeeping Tech Tools: www.finepoints.biz/blog/techn...
▶ Videos to get started bookkeeping:
Learn bookkeeping: • 10 ways to LEARN bookk...
Bookkeeper certification for FREE: • FREE ProAdvisor certif...
How to become a bookkeeper (with chart): • How to become a BOOKKE...
How to get clients: • 20 ways to get bookkee...
What does a bookkeeper do? • WHAT DOES A BOOKKEEPER...
Day in the life playlist: • "Day in the life" of a...
Bookkeeper Launch video: • 10 FIRST IMPRESSIONS o...
Client onboarding: • One Client, START TO F...
How much to charge: • HOW MUCH to charge as ...
Services to offer: • BEGINNER services to o...
▶ More videos you'll like:
Big, medium & small clients: • CLIENT EXAMPLES: Small...
Niches playlist: • Niches for bookkeepers
Before you start: • Bookkeepers: 7 THINGS ...
Impostor syndrome for bookkeepers: • How to overcome IMPOST...
10 reasons to start bookkeeping: • WHY START BOOKKEEPING?
How to clean up a client's books: • How to do a "CLEAN-UP"...
#bookkeeper #finepoints #bookkeeping

Опубликовано:

7 ноя 2022

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Комментарии : 38

@normaechavarria4589 Год назад

You are so knowledgeable! I love the way you explain everything so good. Thank you for sharing your knowledge!

@FinePointsBookkeeping Год назад

I appreciate that!

@lorip1435 Месяц назад

A lot of great information here. You are a great mentor. Thank you. 🧡

@FinePointsBookkeeping Месяц назад

We are glad it was helpful! Krista (FinePoints Admin)

@rosadiaz-callender9653 Год назад

I've been searching for a video detailing just this topic. Thank you!

@FinePointsBookkeeping Год назад

No problem!

@dermann2421 9 месяцев назад

Great video and lots of POSITIVE +VE Energy in this video. Learned a lot. Thank you Beaucoup 👍

@user-hd4vh6hf6o 11 месяцев назад

You gave the example if the client has 3 years' worth of bookkeeping but taxes have already been filed for the oldest 2 years, to just start with the 3rd year since a tax return hasn't been filed yet. How do you reconcile the bank accounts if you don't do the bookkeeping for those older 2 years?

@wazup80 Год назад

Thank you for such clear explanations and sharing your approach. Great videos! 👍

@FinePointsBookkeeping Год назад

Glad it was helpful!

@donnacunningham9633 Год назад

This is a great video Morgan....thanks for your content that makes things easier to understand :)

@FinePointsBookkeeping Год назад

Happy to help!

@DreamFirms Год назад

Thanks for sharing. Keep doing the great work.

@FinePointsBookkeeping Год назад

Thanks Tyler!

@AyeAyeMusic 10 месяцев назад

Thanks for the great video. I got a lot from it. I had a question about what tax year to file if you are catching a client up. I've had this situation a few times in the last few months and I thought to start at the earliest year since there is penalties and interest if they owe taxes. Also, if the client is a corporation, you would need the previous tax year info to do the following year taxes. Curious to hear your thoughts on this method. Thanks

@nosiphodumakude9504 Год назад

Thank you so much for the video I have learnt a lot very helpful I have started to put things in place but the problem is marketing it is very hard to get clients.

@FinePointsBookkeeping Год назад

Hi Nosipho! I'm glad you have learned so much from Morgan's channel. Have you seen this video (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-v92DBK9dbLA.html) Morgan made on marketing? Krista (FinePoints Assistant)

@SilviaArrambide 11 месяцев назад

I love your videos! ❤ thanks for all the value you give us ☺️ Can you recommend me a book to learn more about bookkeeping… ?

@jogarcia6710 4 месяца назад

Just started following you, quick question I’m using QB Desktop and I have lingering post that have never cleared but I am able to reconcile, because the post were not actually process. My question is, can I just delete them? There are from previous year(s). Thank you. I love your videos, can’t wait to learn more as I transition into QBO.

@nousheenmerchant2444 Год назад

Thank you for sharing your time and knowledge we truly appreciate. I have been following you and learning a lot. I feel now I’m at the stage where I can set up my own bookkeeping firm. Can you please guide us how to market and what we need and how to price. Im also a certified enrolled agent. Thank you

@FinePointsBookkeeping Год назад

Morgan has a couple of videos on marketing and pricing that can help you with this! Marketing: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-A30Q99g2jJg.html How much to charge: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tm-Eo3tke0E.html Hope this helps! Krista (FinePoints Admin)

@user-rb1ms2rp6p 3 месяца назад

This is really helpful! I'm pretty new to all this and learning QBO and general accounting principles/skills, but I kept thinking "so when I get a client...... what do I do?"

@FinePointsBookkeeping 3 месяца назад

Glad it was helpful! Krista (FinePoints Admin)

@abbymcgrath6998 Год назад

Do you have any advice for if a client used their personal bank account for nearly a year, and now need you to catch them up? I’m not sure how to go about it. Thank you!

@orianamartinez5173 Год назад

Thanks for the video, really useful information as I am starting my bookkeeping firm, one recommendation that I would like to have from you is if our client already has a QuickBooks online account, should we work on the client's account or should we have our own account (either desktop or online) and work from there?

@FinePointsBookkeeping Год назад

You should use QuickBooks Online Accountant, and they can send you an invite from their account so that they are connected (then, you'd log in to your dashboard and see them listed with all of your clients). I haven't done this in a couple years, so I don't remember the exact steps, but basically, you can connect in to their existing account.

@frugalnfine Год назад

What if you’re starting with fresh QB as they haven’t been in it in the past, but you have the past tax return. Any videos on setting them up fresh and then doing the clean up work

@FinePointsBookkeeping Год назад

Hi! Morgan does not currently have a video on how to set up a new client in QBO, but I'll let her know it is something you are interested in! Krista (FinePoints Assistant)

@nezamsohel467 Год назад

nice presentation

@FinePointsBookkeeping Год назад

Thanks so much for watching!

@richieespanta3805 Год назад

Hi Morgan. My client has never filed taxes since start of business in 2017 and has never had any bookkeeping done. Should I start settting up books 2017 and then catch up work? Or should I start at the latest year? Would IRS be questioning her profits in the previous years?

@PD-iu9bn 10 месяцев назад

I would touch base with their accountant. If they have back taxes due that would be the first priority. If they don’t have an accountant they need one. So first thing is to have them hire an accountant.

@livscreativeescapes6523 Год назад

Great video! Question: I have a client that uses a PayPal card because there is a cash back program. The problem is if I link the PayPal account it doubles transactions (showing where the money moved out of PayPal then out of the bank account). If I don't link the PayPal I miss some transactions because if they received money via PayPal then use the PayPal card it uses the PayPal balance first. They use Zettle for in person sales.

@bribbitbribbitbribbit Год назад

@FinePointsBookkeeping Год назад

Oh man, I don't have any brilliant solutions, but am here to commiserate that PayPal can be a PAIN as a bookkeeper. I had one client who used PayPal a few years ago I also found a lot of duplicate transactions and had to weed through many issues. I would suggest finding a bookkeeper (or group) that specializes or talks about this specifically. I'm sure there are some tricks to making it work, but I'm not sure what they are. If a client is flexible, I've actually convinced them to not use PayPal, or you could not hook up QBO to it, or at least charge accordingly for your troubles. :)

@jenninemorel7693 Год назад

I have literally become the "QB/PayPal integration nightmare" master. After doing a handful of cleanups and back work (one company had over 6000 transactions, and yes, TONS of duplicate transactions. I had to do 3 years of bank recs and it literally was a nightmare. I now feel qualified for my hard earned title! I also have solutions for other 3PP integrations (Square, Stripe, Etsy, WooCommerce, Ebay, Amazon, Poshmark, Mercari, etc)

@jenninemorel7693 Год назад

@@FinePointsBookkeeping 😊