As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you Hanna! This "How To" rather than a "What It Is" video is extremely helpful. Please keep making these How To videos with real world scenarios and examples.
As someone who recently started an LLC and just beginning to find my footing in business bookkeeping, thank you for this from the bottom of my heart. It covered all the big questions I had about keeping my own books month to month.
I am 52 and on disability do to a TBI!! To get off disability i hust earned a degree in accounting and NOW LEARNING QB. Thank you for several of your videoes. Your work is helping me get a 2nd career. I use to be an Armed Security until TBI
This QuickBooks tutorial was amazing! It was so helpful and made everything so clear. I've been struggling with QuickBooks for a while, but this tutorial made it all click. Thank you so much for putting it together!
You ROCK! This is hands down..THE BEST monthly bookkeeping tutorial I have watched. I did some things right other stuff I got clarity on: categories and bank rules! I now understand WHY they are so important. Also creating an excel spreadsheet to import data and let QBO do the work and I clarify a transaction, vs directly entering a transaction...game changer. Thank you for sharing and a new subbie!❤🦋
Clara, I want to thank you so much for doing this training. I’m learning a lot from seeing step by step and then applying what I’ve learned. Sometimes you just need to see someone else do it to feel confident.❤
Hello everyone! Im newbie as a bookkeeper VA. But I've done my training at QBO. I know to do basic reports like invoices, AP/AR, bill, payment bill. Monitoring sales and expenses from customer and vendor. I can lend a hand freely if your team needs a AP/AR clerks. I just want to gain experience that I can put on my CV
This was a GREAT video, thank you so much. I've used QB for a not for profit company and it was on the desktop last updated in 2010. So I've never used QB online. It has such great features. I love it!! Thank you again.
SBO here- I have been subscribed to QBO for about 5 weeks and almost quit 2 days ago. I was so frustrated!!!! This video was great. I needed an overview before I can work on the details. THANK YOU! Very much!
Thank you so much for taking the time to show me a full month of Bookkeeping. I understood every step of the process. I will be watching your other videos for more training! Great Job!
Clara, I'm so pleased with your tutorial. We hired a bookkeeper, and she made a mess out of our books. The firm decided not to do business with us anymore, leaving me to fend for myself. I been going crazy looking at different videos. The worst is that now is tax season, and the new CPA tells me that nothing matches up. Once again thank you and I will continue to be a student of yours.
First of all, thank you so much for sharing. This is exactly I was looking for. I am new to QuickBooks and started learning. This is the first time I watched a video on this channel and loved it. You got a new subscriber 😊 Just wanted to check the process to handle below scenarios in QBO. Sorry, if you already shared below in any of your videos and I missed. 1. How to categorise a payment transaction which is paid for service and includes recoverable tax as well. 2. How to record deferred income and prepaid expenses (I know the accounting treatment, but not sure if there is any functionality in QBO to handle this efficiently) Once again thank you so much for great video. Your guidance is really helpful.
Thankyou ❤ I appreciate this video to manually enter transactions as the banks in my country are still in the process of connecting QBO with SMEs. Our small island nation is still getting there. 😊
Very Helpful. Thank you, Clara. I just started bookkeeping and was having issues understanding while balances where different. but it was 4 months of transactions.
Awesome!!! Best tutorial out there. This practical and so well explained video was exactly what I needed to stop pushing my self back. I am ready to jump on it. Thank you Hanna.
Wow… thank you so much for these videos. Just started using QBO and have been struggling… this was Concise, clear and I can step through a process. Excellent job Hannah!
I am listening to you because I joined quickbook 2 months ago every expensive since you are the first explanation how to start. I waste over 300 because no one like you taught step by step. Thank you
Hanna this is a fantastic video, very clear and easy to follow. I have some accounting knowledge and experienced in Quicken software. I am helping a friend set up QB for her business and found your video very helpful .
HI. Thank you so much for this information and this video. I appreciate it quite a bit. I have recently had to change careers and this video is helping me to stay excitd about what I am doing. Plus I can rewind and listen more than once if I need to. Bless You Much!
please preach! the QBO Advisor training is excellent but generic. it served its purpose. The only way to learn is to do! And lets say thank you Clara for showing us how to actually "do" bookkeeping in real time. I practiced on MY books first and now Im more confident providing the service to others vs practicing on folks and messing their books up! 😮😅. I have QBOA and Im going to get certified for this year and fine tune my systems and processes and then market my services. It also helps me determine exactly what type of client I want to serve..
Hi Clara, superb tutorial. Very helpful indeed. Moreover, can you please give separate tutorial for 1099? It would would be a great help for us (bookkeeper). My clients are from the USA and I am their bookkeeper but I am leaving outside the USA. Please make a separate video for more detailed for 1099. What is 1099 and when to start tracking 1099 and other important notes about 1099. It would be a great help for us. Thank you
Great video by the way! Basically this is all about Transaction Classification from the part of the bookkeeper and the Justification on the part of the auditor. Having a comprehensive Classification cheat sheet would help newbies bookkeepers and so coupled with scanned receipts supports Justification. What would you recommend do sources for such a cheat sheet?
Hi Clara, sorry for being nitpicky, fistly that you VERY much for this amazing free content. May I ask that you try to keep your cursor more steady while talking? or point slowly without cursor jumping around while you indicate on screen? Sorry to ask, definitely not meant to minimize the fantastic tutorial you're sharing. Thank you, Joe
Hi. I am starting a first time new job as accounts assistant in a small accountancy firm. They use Quickbooks and Excel. Any video or pdf to help my new job is much appreciated. Thank you
This video made my day. I have been looking for full use case. This video did it. Now i just need to learn how to add my COGDS and i should be golden Thank you so much
Questions: 1. What if there is a difference? How do we reconcile then? 2. For construction business for example, can you assign expenses and labor to certain jobs?
Great video coming from NetSuite; QB seems so much easier and intuitive. Do you have any videos on how QB does cashflow, any pros or cons of running that report using QB
Your videos are great! I do have one suggestion to those who use a POS system such as Stripe. You actually can’t just click add on it because the deposit is very different from the details. For example, with a $325 deposit, you might have $500 in sales and a $170 refund and $5 in fees. So if anybody reads this, be aware of that. It was a mistake I made when I was a beginner!
What would be the correct way to add it to QB? The transaction would automatically be added so then do you have to add additional transactions to get it all the match?
Thank you for this video. As an aspiring bookkeeper, this video has helped so much! You mentioned that every transaction should have documentation to back up sales or expenses. Is it best to upload/verify each document as back up during this work flow. How does one keep sufficient record in case of an audit? Could you make a video about this? Also, does this work flow only apply to cash basis: would an accrual basis have additional steps? Any insight would be appreciated. Thank you again.
This was a great QBO tutorial. Would you create a bank reconciliation in Excel to support the QuickBooks balance, especially where there is activity between a business checking accounts and credit card payments? Second question: I have a client who would pay for her business credit card from her checking account. Should I record the payment as Equity towards the credit card? I also advised my client to deposit funds from her personal checking account into the client's business checking account as Equity. My client is basically bootstrapping her business. Your thoughts?
Would you please make a video like this for people learning to be bookkeepers? I need to learn all the steps for a full month of doing a clients QBO. I can't find any videos like that anywhere, so I'd really appreciate that!
From what I understood, 1) Import transactions from bank accounts and credit cards 2) categorize 3) Look at income statement for off amounts, anything odd 4) Bank reconciliation. In general is that correct?
We are just about to pull the trigger on QBO for our small business. What are the best practices for tracking projects/job specific profitability? Using Chart of Accounts/sub-accounts or another method?
Hi Hanna. Do you have a video for new bookkeepers on how to get a new client set up on QBOA and all steps to do a months worth of their work? Love you videos!
Love this tutorial! I have been working on QB desktop for the past 9 years and now will be starting with a new company using QB online. I wanted to ask you where do I go for the QB discount?
The question about how to document a transaction is so simple to do in QBO. You can attach the backup document within the transaction. Then you don't really need to file everything on paper.
Thank you so much! This is well explained and so clear to understand. I’m going to watch again step by step when doing mi reconciliation. Thank you again ❤😊
