I had a situation where an office had a new bookkeeper (employee), but was pretty much a novice and the books were off when she got there. I was expected to clean up the books and 'teach' the new employee while doing it. That was a red flag that our relationship was going to be temporary, so I charged accordingly for my time and passing on some skills (not too much, but enough) knowing that if she didn't work out, I'd have a pretty good idea when the subsequent problems started when they called me back for help.
@5MinuteBookkeeping Жыл бұрын
Yes, I have trained many employees who had no bookkeeping experience. Their boss, my client, decided that the employee was now the bookkeeper.
@lindzriddb5 жыл бұрын
Could you do a video about the best methods or steps and things to do/look for when cleaning up books? I could really use some pointers in that area as I'm a bit rusty and feeling VERY overwhelmed by the job and books I have ahead of me! Knowing your experienced thoughts would be greatly appreciated!! I really enjoy your videos!
@VeronicaWasek5 жыл бұрын
Great suggestion. I'll add it to my list.
@annstewart34988 ай бұрын
I like how you explain things! Thank you!
@5MinuteBookkeeping7 ай бұрын
You're welcome!
@KaliforniaKelly63 Жыл бұрын
Thank you so much for this, it has been very valuable! New subscriber and fan! Happy Holidays!
@5MinuteBookkeeping Жыл бұрын
Thank you so much!
@Salsosilly1235 жыл бұрын
I love your videos, so very helpful! Like another viewer asked below, I’d love to see a video on your diagnostic review process!!!! I’ve been searching all over for a process for this and haven’t found a lot that is useful.
@VeronicaWasek5 жыл бұрын
Thanks. Yes, I'll be publishing that video in the next couple of weeks. Subscribe to my channel so that you can get my latest videos.
@jamesiphie45722 жыл бұрын
Yes. I like this video it’s very informative.
@jamesiphie45722 жыл бұрын
Yes, I like this video. It is informative. Thanks.
@5MinuteBookkeeping2 жыл бұрын
Glad you liked it!
@bhb99263 жыл бұрын
I charge my clients based on Hexagon pricing model developed by my firm, and it works pretty well in most situations.
@5MinuteBookkeeping3 жыл бұрын
Hi. I'm not familiar with the Hexagon pricing model. Glad your firm had a pricing model they can use. Pricing can be challenging.
@bhb99263 жыл бұрын
@@5MinuteBookkeeping yes our firm developed this model based six critical factors that consume most time for doing bookkeeping business of most clients. We pick six most relevant factors that may impact the job of a client. Since the client is made aware of specific factors relevant to the business, so pricing is negotiated more professionally.
@5MinuteBookkeeping3 жыл бұрын
@@bhb9926 Sounds very interesting. Communication with the client about pricing and the factors affecting pricing is very important.
@bhb99263 жыл бұрын
@@5MinuteBookkeeping definitely
@jesminakter61698 ай бұрын
Thaanks for helpfull videos. It's encourage me.
@5MinuteBookkeeping8 ай бұрын
So glad to hear that.
@vanessaharris65594 жыл бұрын
Love having another perspective! :)
@5MinuteBookkeeping4 жыл бұрын
Great!
@xjyoyo2 жыл бұрын
Thanks! Great information!
@5MinuteBookkeeping2 жыл бұрын
Glad it was helpful!
@RileyA50 Жыл бұрын
Thanks again.
@5MinuteBookkeeping Жыл бұрын
You're welcome.
@anncuevas38562 жыл бұрын
This really helps! Thanks, Veronica :)
@5MinuteBookkeeping2 жыл бұрын
You're welcome, Ann.
@edwardshoup37035 жыл бұрын
Thanks Veronica - great information.
@VeronicaWasek5 жыл бұрын
You're welcome!
@arelisjavier87164 жыл бұрын
Excellent information.
@5MinuteBookkeeping4 жыл бұрын
Thank you, Arelis!
@066ari5 жыл бұрын
I have another question during this cleanup are you expected to be working on current bookkeeping along with the cleanup. Or do you tell your clients that this time is only for cleanup and any reports or any information would be at a later date
@VeronicaWasek5 жыл бұрын
It's all dependent on the service agreement that you have with the client. I provide my clients with a service agreement that lists the services I will provide. They sign it in acceptance and agreement of what I will do.
@ministryformama41114 жыл бұрын
Very helpful, thanks!
@5MinuteBookkeeping4 жыл бұрын
You're welcome!
@LunaModerna5 жыл бұрын
Very informative video. Can you make a video on diagnostic review of the books. Thank you!
@Salsosilly1235 жыл бұрын
I second this suggestion. I’d love to know what your diagnostic review process is!!!
@VeronicaWasek5 жыл бұрын
I'll be publishing a video about my diagnostic review in the next couple of weeks. Subscribe to my channel so that you can get my latest videos.
@newmhelemish4 жыл бұрын
I really like your added value videos, I have a question; how do I clean up "uncategorized Income" in QBO overview, Althought it's categorized? Transactions related Timely filing Discount... when I checked out it's already categorized. Thanks.
@5MinuteBookkeeping4 жыл бұрын
If the transaction is already categorized, perhaps the QBO overview is incorrect. I recommend that you run a Profit & Loss report and check to make sure that there is no income recorded to the Uncategorized Income account.
@newmhelemish4 жыл бұрын
@@5MinuteBookkeeping it is there in P&L. I wish I could send you a pic for these kind of transactions... Anyhow, the case is: we are paying off our sales tax early and we process the payment through sales tax center, we got credit for timely filing, that's why QBO classified it under uncategorized income. When I open Reclassify Transaction.. I found it's categorized under main account "comptroller of Public" which is correct. What do you think ? Thanks for your support and understanding.
@066ari5 жыл бұрын
A video would be great! Also can you include how long would certain cleanups take? For example a complete cleanup of inventory and accounting a years worth.
@VeronicaWasek5 жыл бұрын
Thanks for the feedback. I'll add that to my list of videos to produce.
@sandypetty14975 жыл бұрын
Great videos; what is the $ range for a paid diagnostic?
@VeronicaWasek5 жыл бұрын
The paid diagnostic starts at $500.
@aprilalfaro49643 жыл бұрын
How bout charging per bank rec , 6 months behind , new company set up ? . Thank u
@5MinuteBookkeeping3 жыл бұрын
Hi April. I used to charge clients based on number of transactions and bank accounts but I don't do that anymore. I charge based on a percentage of revenues for monthly bookkeeping services. For anything else I start first with a paid diagnostic review.
@aprilalfaro49643 жыл бұрын
@@5MinuteBookkeeping ok thank you for the tip
@mrinalchakravarty4923 жыл бұрын
Hi Veronica, I like your videos very much... Would like to know if it is possible to run a virtual bookkeeping business from India for Global cusgomers?
@5MinuteBookkeeping3 жыл бұрын
Yes, you can work with virtual customers around the world using QuickBooks Online and other cloud-based applications. I have worked with clients all around the world.
@mrinalchakravarty4923 жыл бұрын
Many thanks Veronica!!! Keep doing such awesome videos..👍
@VeronicaWasek5 жыл бұрын
I just released the Virtual Bookkeeper's Toolbox - lots of free checklists, resources, and forms you can use for your virtual bookkeeping business. Sign up here 5mbacademy.teachable.com/p/toolbox
@doykme4 жыл бұрын
What’s your Facebook? I found you through FB but I lost it
@5MinuteBookkeeping4 жыл бұрын
Here is the link to my Facebook group facebook.com/groups/5minutebookkeeping. Be sure to answer both questions to be allowed in the group.