Hello guys,

I'm an accounting graduate and working as an accountant. My current work does not involved any bookkeeping. I've worked as a bookkeeper on the AP side before and done some accounts reconciliations as well as month end accruals for a small business with less than 1 million annual revenue in QB Desktop. I wonder if it is possible for me to find a weekend job as a bookkeeper for CPA firms where I just work on bookkeeping tasks in QBO or Xero for their clients to earn some extra money since my vision is to open my own bookkeeping shop one day.

Any advice is welcome.

Thanks a lot.

Hello! I'm currently in school for accounting but l'm wanting to start bookkeeping sooner than later! My goal is to build a bookkeeping business and also do taxes. l've completed accounting 1, intro to quickbooks, and payroll accounting so far. So my question is, how much did you charge starting out or how much do you suggest I start out at? Do you charge hourly or per month? Do you offer packages? Or how do you decide how much to charge each client? Any information is greatly appreciated! :)

Best app to keep track of time/hours by client?

Please delete if not allowed.

I have a partnership LLC. There are two members. Our practice has been to make small purchases through our own funds. Instead of taking reimbursement, we would just convert our reimbursement to OWNERS EQUITY. I use ZOHO Books and Expense. I do not see an option for doing this in the platform. I assume I will need to make a manual journal? Can anyone provide my guidance on doing this the best way?

Hi,

Longtime lurker. I do some light bookkeeping on the side for a couple of small businesses. I have a client who is on an accrual basis that is requesting that after a certain date after year end, we don't accrue expenses. They have vendors that are sometimes very late with invoicing, for example, fiscal year closes in December but may not get invoices until 2 or 3 months after the year ends for services rendered in the prior year. Not sure if this is ok. Thoughts?

Thanks.

I am new to bookkeeping. I’m starting a business’s books from scratch. This company has been in business for since June 2023 and everything is a mess. There are many personal transactions coming from the business account, and I mentioned that he should stop doing this and separate his personal money from his business account completely. I told him he needs to speak to his accountant regarding what to do about the numerous personal transactions that have already taken place.

Many of these transactions are cash app/Apple Pay transactions. He said some of those are for advances in paychecks to employees that he has pay stubs to back up. I told him to provide me with ALL his receipts and paystubs and I can then create proper journal entries for these. Last night he texted me and said he is going to go into the bookkeeping software and “reconcile the transactions.”

It seems to me that only the bookkeeper (me) should be messing with that, so that in the event a mistake is made, we all know who made the mistake and there will be no confusion. Should I tell him not to do that? Honestly feeling a little in over my head, as I’ve only just learned bookkeeping and this company’s finances are in complete shambles. Any advice appreciated, thanks!

P.S. apologies if this is the wrong flair to use!

I want books on taxation by authors but all are pretty expensive. Is there any way how I can access them? DM me the sources. I need this for research and academic purposes.

*not a professional bookkeeper or accountant

I am an assistant, working with a client, who is doing his own books. I am doing some clean up on the property purchase records that were incorrectly logged on QBO. How do you usually calculate the price for land using the actual sales price?

1. Can I use county land appraisal records? (The transaction was wayback 2021 though, and the Shelby county website only shows data for last year, nothing beyond that)

2. Can I use assessed land value on the tax records?

3. Just use the 80/20 rule?

Thank you for the help!

Like the title states.

I’m very ADHD when it comes down to admin. Would a Bookeeper be able to assist me with creating a simple system to track and prepare for financial/tax events?

Bonus: what would be a range to pay for such a service?

What bookkeeping software is best for tracking personal and LLC expenses? I'd like to be able to run separate reports for my personal transactions and for my LLCs. My ideal solution would enable me to initiate payments using the accounting software interface and also to upload/attach documents to each transaction (e.g., invoices and receipts). The ability to download bank, credit card, venmo, and paypal transactions are a must. Thank you for any recommendations you can make!

I have to file a clients self-employed tax return for 2023.

The problem is that only their 2024 transactions are in Quickbooks. For the earlier year transactions, I will be going off of the physical bank statements/receipts. There has also been co-mingling of funds in the account.

This is my first client where I will have to manually construct financial statements. I’m not quite sure how to price for this. There are a little over 100 transactions a month.

Any tips/advice would be greatly appreciated!

Hey Everyone, I was wondering if anyone had any experience with the Intuit Academy and getting a job with QuickBooks Live after passing the required Tests?

I kept the books for a law firm for about 4 years from 2013-2017. I assume a lot has changed in regards to software since then so I wanted to take the intuit academy properly since I could certainly use refreshing, and then seek to acquire a job at QuickBooks Live. I really like how I can take a comprehensive course and would rather do this than just jump straight back into the pool. Also, I have Epillepsy and need a remote job. So Quickbooks Live and also becoming one of their tax assistance sounds like a good deal to me.

I wanted to ask if anyone has taken the course and then had success getting a job with Intuit after you completed it, passed the tests.

Hey everyone - what would you recommend for a software which can connect to a client’s QBO file and automatically provide analysis and insights and pose questions, and not simply regurgitate numbers from the client’s IS, BS, SCF?

The software doesn’t need to be client-facing and or have dashboarding capabilities.

Thank you!

I am planning to create a custom gpt for accounting industry. I got some ideas like creating gpt for reports like rev rec and forecasting.

Not sure, which is more helpful. I am planning to give it for free to the fellow accountants.

Would love to get some ideas!

Bookkeeper launch has a Black Friday sale so it’s less than half the price so I’m curious to know from any of you who have taken any of these courses which you would recommend?

This is a vent / did I do the right thing?

I have a client who approached me to do her books. She had never had them done, things were everywhere and she gave me access to 70% of items so I could begin doing her catchup for 2 tax years (I thought it was everything) in January of 2024. I quoted her a low price even for me, thinking once it was caught up it would be simple processing to side hustle. Well over the course of 2024, more and more transactions "appeared" via bills she was paying personally. She should be charged 2-3 times what I am charging her but I am honouring what I told her and only putting her monthly fee up $50 in Jan 2025 for a standard rate annual rate increase plus extra processing time for the extra items. She is questioning the rate increase while at the same time adding 2 more bank accounts for me to deal with this (taking her bank accounts to deal with from 2 to 4 total) and I found this out after I gave her the $50 increase.

I am getting honestly frustrated. She is all over the place, she cannot even balance her cash register terminals at the end of the day and every month something "new" is learned.

She is a nice lady but a hot mess for finances. Advice/thoughts?

I am migrating from QBO to Xero and not using any direct third party tool.

What are the best and cheapest importable tool for transactions?

So my client is a house flipper/rental. How should i record the materials he bought for his property for sale/rental? Do i record it as inventory or capitalize it?

Hello all!

Would greatly appreciate some insight into pricing for a clean-up phase. Still in the newer phases of branching out on my own, so any advice is welcome.

Based in a VHCOL and have a referral that is about 5 years behind on tax returns due to health deterioration of owners. Business has been around for 45+ years and is completely offline, with about 4-5 boxes of paperwork per year. The company handles inventory (retail - high volume). Connecting bank accounts to QBO may also be difficult given the circumstances of the engagement.

As a bookkeeper (who is also a CPA), how do you approach pricing?

The client is looking for an estimate when they drop off the 25 boxes, so trying to come up with an equation to be able to think quickly on my feet. Given all documentation is via a physical paper trail, my logic is to look at one box (hopefully find a bank statement and determine quality of support), and estimate the number of monthly transactions. Then given I’m entering each transaction into QBO and it involves inventory, I’m estimating 3 minutes per transaction.

3 minutes average per transaction x 150 transactions a month (no idea of this number right now) = 450 minutes

450 minutes / 60 = 7.5 hours x $100/hr = $750/month or $9,000 year x 5 years = $45k

Would you approach pricing the same way or is this number just completely out there? Need a sanity check.

Thank you all in advance!

S-Corp, 4 soon to be 5 employees. Running payroll monthly, onboading new staff, vendor management & onboarding(15-30 recurring contractors), 1 credit card, 2 lines of credit, 1 PayPal, 5 bank accounts (profit first model). Invoicing is low but around $70-$100K per month & collecting. Weekly 45 min check in. Also wanting budgeting, forecasting help.

Have to watch the owner for commingling personal v. business funds.(During cleanup, reeclassed overstated income of $90K & $70K in uncategorized expenses- fixed weird issues with bank rules, and owners spouse using the biz card for personal items.).

I have a new client I’m just finishing a 3 month price trial with. I have them at a monthly fixed 1,700 USD and they are a relatively small company.

The quote seemed fair at first, but this client is incredibly needy and I realize in hindsight that they want a part time person to be available more on demand than I am willing to adhere to. There is also more volume than I expected, turning the 1.5 hour/week estimate into more like 5 hours with the nitpicky way they do things.

The mandate is a monthly BK close including paying contractors. But it became more involved where they want me answering their CFO for every service request and doing weekly reconciliations to keep the books in real time. Sales need to be closed out 3 days after month end which they did not request from me during the discovery stage.

The features of the job are structured like an internal person should fulfil them and I have told them a few times that I am an arms length service, so there is a mismatch in expectations. This reached a point of contention this week when the CFO scolded me for not answering her Slack requests even though I have told her in the past that I am not available on demand.

Should I walk away from this file or quote a new price so that they make the decision to part ways? I’m certain I do not want to keep the client at this price

I’m looking into switching to Mac Mini M4 from Windows PC. Can anyone elaborate the difference in terms of smoothness and quick response and load.

Is the differences in productivity worth the switch?

I am experiencing severe lag and load whenever I categorize 1 transaction on bank feeds with huge quantity of total bank transactions & around 8 linked cards (around thousands/mo)

I am currently using windows pc w/ Legion Laptop 16gb ram Ryzen 5 4600H 1650TI graphics

I am thinking the issue is with the QBO server and not my pc but its not like I can do anything about it.

For background, I’ve worked as an accountant for years at various accounting firms, including some of the top accounting firms in the world. I’ve always been interested in branching out on my own, but this is new to me. I have a former client who just hired an in house accountant, and they asked me to help them with training the person, since I used to do all of their accounting. They’ve estimated that they would need me for ~10 hours a week for around one month to train the person. I’m new to freelance bookkeeping, so I’m really trying to figure out how much I should charge for something like this. Hourly, flat rate, etc.

I know a lot of people are going to say it depends on your area and so on. But I’m looking for any advice I can get. How much would/do YOU charge for something like this?

I have an opportunity to have a booth for my newer bookkeeping and accounting business. What are helpful items that I could have my logo printed on that won’t be thrown in the trash when they get home? It’s a women owned business fair in the town I live in. Sounds like it might not be the best opportunity for my business but hoping to connect with business owners about the services I provide and get some name recognition in the community.

2025 magnet calendar Ruler or pencil or pen

Hello. I work for a small non-profit that hires contractors to provide our services. This year, we will have about 20 1099s to file and no W2s.

We have been using XERO accounting software for all of our bookkeeping. I am able to run the 1099-NEC report which is accurate. After that, I'm seeing a "Select e-filing app" and there seems to be an integration with 1099SmartFile.

Is it as simple as that? Can I just file my 1099s through 1099SmartFile and be done with it? I had thought maybe I needed to get Gusto involved but it's looking like maybe not.

Any help would be appreciated!

We run a bookkeeping & tax firm and are looking to get an industry specific PM software after using Monday.com for a few years. We've done demos of Qount, Karbon, and Canopy. We're leaning toward Qount, but would love to hear from firms using that on their experience with it thus far.

I am helping a client get caught up on their bookkeeping and I am setting up my first invoice for the first two weeks of work in which I’ve had to drive over to their office. I am charging them a flat fee per hour for the time I’m working there. It occurred to me that I should possibly be charging them for the drive time. Do you charge for drive time? And if so how should u handle this situation? Just roll the drive time into the hours I’m charging for? Or give them a heads up that on future invoices there will be a travel charge? The drive is around 10 miles each way.

My spouse is considering a career change into bookkeeping (starting from scratch so we're still very much in the information gathering stage right now). We're having trouble getting a clear idea of what's realistic to expect/hope for in terms of income at the beginning, and after she's got a couple of years of experience under her belt. She'd like to work remotely, whether that's independently or for a company. Can anyone share any insight or experience?

Many thanks.

Would contacting CPA firms in my area be a good idea to find clients at first?

I have mininal bookkeeping experience but a B.S. of accounting with a good GPA. Would anyone be open to training me a little, or would they expect someone proficient already with years of direct bookkeeping experience? Obviously I plan to charge towards the lower end, given that I will be starting out. Thank you.