Hi, Veronica, Thank you for these terrific videos! I am a business consultant working with a company that is putting together the documentation that it needs to have in order to move forward with investors. I always ask for the B/S and P&L first to see where to begin because historical financials are key to building pro formas. Their books were kind of a mess because they're a company that really focuses on their product and sales. It has worked for them because they have a product and sales (unlike many of the startups I work with!) and revenue can fix (or hide) a lot of problems. The owners of the company had been focused on the technology of their product and the books were "office work" which interested no one! At first, I thought "This is terrible! we need to start over and what better time than in January!" After watching your entire playlist on this topic I determined that what is *best for the client* (love that!) is that we do a little heavy lifting in January and clean up 2019 and put some controls in place to make 2020 run better. Thank you for these wonderful videos! I think that this series has improved my advice to this company and I've shared them with several of my bookkeeping friends on whom I rely for doing some of the "heavy lifting" and so that they can enhance their practices with current and future clients.
@5MinuteBookkeeping4 жыл бұрын
Thank you so much Stephanie. It makes me so happy to hear that my videos are helping you in such a big way. I am a big believer in doing what is best for the client.
@ashrafulislam42655 ай бұрын
Hello Veronica, Wow! You have described here very widely how we can do perfect clean up in QuickBooks Online. Really it will be very helpful for us. Thank you.
@5MinuteBookkeeping5 ай бұрын
Glad it was helpful!
@sehrishkiran1165 Жыл бұрын
Hello Veronica, I start a small bookkeeping firm. I am glad to share that I found your content very help full. Thank you!
@5MinuteBookkeeping Жыл бұрын
You're welcome!
@dinaayala64015 ай бұрын
This is such helpful information!
@5MinuteBookkeeping5 ай бұрын
Glad it was helpful!
@gabysankovich23144 жыл бұрын
Veronica, you are awesome! thanks for all the info you share
@5MinuteBookkeeping4 жыл бұрын
You're welcome Gaby!
@JamesWSmith-vi3tk Жыл бұрын
You listed the things I would have looked at. I'd start with making sure the bank/cc accounts have been reconciled. If not, a lot of posting errors and account errors will reveal themselves as you're doing it.
@5MinuteBookkeeping Жыл бұрын
I agree. That is one of the most important things to do first.
@graceesma52953 жыл бұрын
I LOVE THIS ..VERY INFORMATIVE..THANKS VERONICA WASEK
@5MinuteBookkeeping2 жыл бұрын
You are so welcome, Grace.
@rubinsteinabe9 ай бұрын
Hi, Veronica , thank you so much for the small videos they are to the point and good . I got my QBO pro advisor certification,I want to do virtual bookkeeping, I think to work at a bookkeeping firm to getting the experience and confidence to go out getting clients. I know after 2 months in a firm with proper training, I will be his best bookkeeper, I enjoy talking to clients and finding a solution. Veronica please if you have any advise ,
@5MinuteBookkeeping9 ай бұрын
Hi. So glad you found me. It is a very good idea to work for a bookkeeping firm first so you can get experience. You may want to work for them for 6 months to a year to make sure that you get enough practical experience. All the best to you!
@Salsosilly1235 жыл бұрын
Loving this series, it is so helpful along with your tool box!!!💜💜💜
@5MinuteBookkeeping5 жыл бұрын
Fantastic!
@shohagahmed31493 жыл бұрын
Great advice. Thank you.
@5MinuteBookkeeping3 жыл бұрын
You're welcome Shohag.
@missrachel233 жыл бұрын
Great checklist!
@5MinuteBookkeeping3 жыл бұрын
Glad it was helpful!
@ahavataxservice34275 жыл бұрын
Good info!
@VeronicaWasek5 жыл бұрын
Thanks for your continued support.
@rubinsteinabe9 ай бұрын
Thank you . The issue I find companies don’t won’t to hire someone only with experience, any suggestions please
@5MinuteBookkeeping8 ай бұрын
Hi. My content is focused on helping bookkeepers who want to build a bookkeeping business. unfortunately, I don't have any suggestions for finding a bookkeeping job.
@galynneduly65565 жыл бұрын
Great info as usual! Thank you!
@VeronicaWasek5 жыл бұрын
Thank you Galynne!
@navigationbookkeepingsolutions3 жыл бұрын
Great info... thanks! :)
@5MinuteBookkeeping3 жыл бұрын
You're welcome, Jennifer.
@TruthTalkTube Жыл бұрын
Hello, Veronica. How shall we categorize bank payments that cannot be traced in QBO?
@5MinuteBookkeeping11 ай бұрын
Hi. Can you give me more details? What do you mean by bank payments that cannot be traced in QBO?
@morganlaw30225 жыл бұрын
Very helpful, thanks! I'm a new subscriber. How long does the diagnostic usually take? Do you charge a fixed rate for this?
@VeronicaWasek5 жыл бұрын
Hi, welcome! A full diagnostic review can take up to 3 hours, depending on how messed up the file is. I charge $500 to $1500 for the diagnostic review depending on the size of the company.
@morganlaw30225 жыл бұрын
@@VeronicaWasek Thanks so much!
@SuperQueenV. Жыл бұрын
Hello! How can I find old payments?
@5MinuteBookkeeping Жыл бұрын
Hi. What type of old payments are you referring to? Can you be more specific?
@flaviraju4 жыл бұрын
I have enter the data from year year and thought not ro start from last year and go with only from this year onwards, so I would like to clean up all the entry's and start only from this year, can I do this
@5MinuteBookkeeping4 жыл бұрын
I can't say for sure, Flavian. There several other factors that should be considered - especially the tax entity and whether the business has balance sheet accounts. If you start only from this year, you would have to ensure that the balance sheet accounts are cleaned up as well.
@relaxedclub94252 жыл бұрын
Where can I find the diagnostic review template? Tried to find one here but I couldn't get one.
@5MinuteBookkeeping2 жыл бұрын
Hi Delma. The diagnostic review checklist and my full system for performing the diagnostic review is available for purchase here courses.5mbacademy.com/courses/qbo-paid-diagnostic-review-system
@michaelgayles28444 жыл бұрын
Hello Veronica! I'm with a nonprofit and need an estimate on cleaning up our QBO. We started QBO in January 2020 and for 5 months everything was perfect - until I transferred a second PayPal account. We started seeing "Un-categorized Assets", negative balances, deletions, etc. I am a novice and am in need of help desperately! Can you help? If so, what is the procedure?