3 days to start a BOOKKEEPING BUSINESS (step-by-step)

[@FinePointsBookkeeping]

What questions do you have about starting a bookkeeping business? Here's the free checklist download: finepoints.newzenler.com/f/start-a-bookkeeping-business-checklist-1

[@AvinashSingh-vj3rk]

Nice

[@FinePointsBookkeeping]

@@AvinashSingh-vj3rk Thanks so much for watching!

[@AvinashSingh-vj3rk]

@@FinePointsBookkeeping welcome

[@kirbyaugustine761]

True confession. Took a bookkeeping course, have a niche, my QBO certification and support system but have been in failure to launch mode for over a year now. This is the video I needed at this time in my life. I’ve been procrastinating for quite some time gathering more information under the ruse that gaining more knowledge will garner me more confidence… all to avoid the fear of starting. I need a kick in the pants to just get it done and this is it.

[@FinePointsBookkeeping]

You've done a bunch of the hard stuff! You can do it! Write down your next few steps and take one small step today. Best of luck!

[@kirbyaugustine761]

@@FinePointsBookkeeping Yes ma’am. Thank you. Great video.

[@paulaneary7877]

@@kirbyaugustine761 I am in the exact same spot. Need to get my certification but also get out there and do it! We can do it!

[@mochalatte8202]

How's it going now?

[@jodeetalley70]

Thank you for posting this video! I have many years of bookkeeping experience, a domain, llc, I’m a Pro Advisor who loves all things QuickBooks, even have a couple of clients through friends who needed help with QuickBooks Online. I feel like the more I learn the more I realize I still don’t know and instead of using that realization as a launching pad, I’ve been allowing it to paralyzed me, thinking I need more training or a certification behind my name before I start on my own. I’ve even paid for (mostly unnecessary) courses just to gain as many tips and tricks I can before I put myself out there! I am so ready to get out of the 9-5 rat race & take the plunge to be my own bookkeeping boss lady. This is just the encouragement I needed! Thank you! Love your videos!

[@sandrawheeler5077]

Thanks for the push. After watching your video this morning, I formed my LLC, got my EIN, my domain name, and business email account! Now I'm going to the bank to set up my business account.

[@FinePointsBookkeeping]

Wow! That's amazing! Nice work.

[@Happiness379]

Thank you, Morgan! 🙏🏾 perfect timing! I needed this video to round up my thinking and get back on the wagon. You provided me a guide so I can be confident again!

[@DizzyAngie]

Hi. It's important to inform viewers that anyone forming an LLC will have 30 days to file the FinCEN. There aren't enough people discussing this. Also, I'd love to see a video about SquareSpace and your overall experience with them. 😊

[@hilaryalexander7944]

Side note: love your earrings. ;)

[@FinePointsBookkeeping]

Oh thank you!

[@coconivens]

LLC is not a tax entity. You can be a sole proprietor or partnership. If you are a single member LLC you are a sole proprietor by default. If you are a multi-member LLC you are a partnership by default. You can also elect to be an S-Corp. love your content! I’m a CPA looking to start my own business after being a controller for 15 years.

[@FinePointsBookkeeping]

Thanks for the clarification! And thanks for watching!

[@cariocajin]

Are the following questions answered on your checklist ? How much ( or a general range ) would cost to start up a bookkeeping business ? What is the month-to-month costs associated with the business maintenance ? And how long would it take to actually start seeing a profit ?

[@fernandacoronado2965]

I think there is a lot of potential for good income in this business. I wonder if I can operate from outside the US as a foreign provider. Thank you for your video.

[@FinePointsBookkeeping]

I have a vid on that if you search my channel! :)

[@Notmagikmike]

Wow, I can across your channel. What a gem, I am switching career mid 40s. From sales to bookkeeping. Watched few of your videos, a lot of great insights.

[@FinePointsBookkeeping]

I am so glad you are enjoying the content, thank you! Wishing you success in your new career! Lorian, FinePoints admin

[@Faby-ola]

I found you today and LOVE all your amazing guidance - thanks for sharing the knowledge. Quick question on getting that ProAdvisor Certification training (I watched that video too!) Do you have to set up & pay a separate subscription as an Accountant for that training access? The site keeps on sending me to my business books and when I try to set up a separate one I am required to pay a new subscription.. Thanks in advance for clarifying.

[@FinePointsBookkeeping]

Hey! The QBO Accountant account is free, you do not need to pay for a subscription. Krista (FinePoints Admin)

[@NeverAloneNeverAfraid]

Have you ever worked with bill fonmetti?

[@jholtz989]

Who do you recommend banking with when starting your own bookkeeping business? I'm wondering which bank is going to be most compatible with QBO, provide the best support, and have the lowest fees relative to a bookkeeping business. I'm currently leaning towards American Express Business Checking, but I read reviews that it isn't very compatible with QBO.

[@FinePointsBookkeeping]

Most of the "big banks" work best with QBO, but Morgan recommends shopping around because different banks have different offers for small businesses. Also, depending on where you live, you can look into your local banks as well. Krista (FinePoints Admin)

[@ApartmentKing66]

My problem, being in California, is that the Sec. of State wants $800 to form an LLC. And that's every year, like car registration.

[@FinePointsBookkeeping]

Bummer CA fees are so high! Krista (FinePoints Admin)

[@Jcheung11]

Thanks for the video! I don't know when I'll be ready, but mostly because I don't know bookkeeping well. Would you say if I can pass the Quickbooks Pro advisor exam I should be able to take clients? Or is there more you would think needs to be learned before starting your business?

[@FinePointsBookkeeping]

Hey! Morgan thinks if you can pass the QBO ProAdvisor exam and have a basic understanding of bookkeeping, you should be ready to start taking on clients. Morgan recommends taking on small simple clients to start. kzbin.info/www/bejne/b3vGnJ1-f7d4fKM Krista (FinePoints Admin)

[@Jcheung11]

@@FinePointsBookkeeping Any suggestions for understanding the basics of bookkeeping? If possible for free. :)

[@johndenver5015]

HI Morgan. I've been watching some of your videos and I want to ask are you still doing the teaching on the level of 1 2 3. I'm currently a truck driver and I am wanting to come off the road and be home. I am not tech savvy I think people from the stone age are more advanced. LOL. Do you teach like in modules where I can pay as I go. If so how much per module. I like the idea that I can stop anytime and take the different courses as I am able. I only want to commit a little bit at a time. My schedule is not consistent and I sometimes have to sit for hours sometimes days and sometimes it's none stop . I know I need to do this mainly for myself and I have several potential clients already and My boss is going to need a book keeper as his business is growing and I want to be ready when the time comes. I already have a good trust relationship with him and his wife. I talked to her about it earlier today and she said she would help me as much as needed. I have strategies to get clients. I really want to do this at my own pace. What are your thoughts?

[@FinePointsBookkeeping]

Hey! Morgan does not have a course where she teaches bookkeeping and accounting principles. For a more comprehensive course that starts at the beginning, Morgan recommends Bookkeeper Launch: sk293.isrefer.com/go/BLFAQ/ML82/ . Here is a review Morgan did on the course as well: kzbin.info/www/bejne/qHnHoHyBfrmcqKc Krista (FinePoints Admin)

[@olabanjoakinduro5991]

Do you have any community you can advise?

[@FinePointsBookkeeping]

Hi! Thanks for asking. I don't have a community that I monitor. There are some really good facebook groups ran by others that do that (check out my video called "make bookkeeper friends"). I do have a community tab inside my paid class where people can ask questions: How to start your business in 30 days (Bookkeeper Business Coach): finepoints.newzenler.com/courses/bookkeeper-business-coach

[@datilesmich]

I’m not sure why everywhere I go I’m being charged to get an EIN. Can you help please

[@FinePointsBookkeeping]

Make sure you're on the IRS website. Go here, scroll down a bit and hit the button "apply now" www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online

[@datilesmich]

@@FinePointsBookkeeping thank you! It says my info is not recognized 🫢

[@roxannamiguel7291]

Couldn't download the checklist, it kept going to the page that asked for name, email etc and click I WANT IT, and it just kept going to that page after doing the stupid puzzles to see that you are a human. It was a waste of time. Sorry

[@sevrnmoon]

You might have downloaded it already. Or gave you email for the download. Search for finepoint's email address in your email

[@FinePointsBookkeeping]

Oh man, sorry! If you email: [e-mail] we will email it to you directly!