DAY IN THE LIFE of a bookkeeper 2021 (Bookkeeping for a preschool)
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- Опубликовано: 24 июл 2024
- Day in the life of a bookkeeper in 2021. If you are thinking of starting a bookkeeping business, but want to see more what the job looks like as freelance bookkeeper, this video should help! I go through my bookkeeping tasks for a client that is a preschool--this is a great small business to start out with as it's fairly simple. I talk about reconciling their QuickBooks Online account, categorizing transactions in QBO and some of the systems we use for budgeting, receipts, payroll, debit card expenses and reimbursements. If you're a new or seasoned bookkeeper, hopefully this gives you some encouragement for your business!
Day in the life playlist: • "Day in the life" of a...
Bank feeds: • BANK FEEDS in QuickBoo...
Chart of accounts: • What's the Chart Of Ac...
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☑️Classes taught by me
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▶My Bookkeeping Tech Tools: www.finepoints.biz/blog/techn...
▶ Videos to get started bookkeeping:
Learn bookkeeping: • 10 ways to LEARN bookk...
Bookkeeper certification for FREE: • FREE ProAdvisor certif...
How to become a bookkeeper (with chart): • How to become a BOOKKE...
How to get clients: • 20 ways to get bookkee...
What does a bookkeeper do? • WHAT DOES A BOOKKEEPER...
Day in the life playlist: • "Day in the life" of a...
Bookkeeper Launch video: • 10 FIRST IMPRESSIONS o...
Client onboarding: • One Client, START TO F...
How much to charge: • HOW MUCH to charge as ...
Services to offer: • BEGINNER services to o...
▶ More videos you'll like:
Big, medium & small clients: • CLIENT EXAMPLES: Small...
Niches playlist: • Niches for bookkeepers
Before you start: • Bookkeepers: 7 THINGS ...
Impostor syndrome for bookkeepers: • How to overcome IMPOST...
10 reasons to start bookkeeping: • WHY START BOOKKEEPING?
How to clean up a client's books: • How to do a "CLEAN-UP"...
#bookkeeper #finepoints #bookkeeping
What else do you want to know about a bookkeeper's day?
Hello Morgan, I have been watching your videos, and i find them very interesting. I am considering the posibility of going to school to become a bookeeper. I am exploring what all the posibilities of employment on this field.
Can you tell me what report you're using to see the transactions without an attachment?
@@brookeweidow4804 I do it from the bank register :)
How long have you been doing this? How long is the education & where did you get trained?
I love these videos ! Thank you so much for sharing your time and expertise
You are so welcome!
Megan you’re really awesome!! I’am new in this bookkeeping business, got my certificate about 3 weeks a go 😊
I stared working part time with an accountant, some times I find this a bit complicated 😅but I really like this new journey ❤ your videos are very helpful 👍 thank you
I'm just getting everything started. I really do appreciate the day in the life videos as all of the start up tasks can be overwhelming. Gives me hope when I can view your videos and get more insight on how to start and run a successful virtual business
Awesome! That's what I'm hoping. Let me know if there are any specific videos that would be helpful for you!
I know you posted this last year. But I want to let you know that I appreciate your videos.
Thank you for sharing! -Gabe (FinePoints Admin)
Thank you for these videos 😊. I took accounting in high school and enjoyed the bookkeeping process. When my mom passed away my church appointed me bookkeeper, which I have enjoyed doing for 5 years now. I homeschool, but my kids are getting older and don't really need me much anymore, so I was looking for something to do part time from home. I use Excel instead of quicken, but have it set up much the way you are showing here. I will be watching more of your videos to see if this really is something I want to do. Thanks
Just found your channel. I am a private accountant for a local place but I've always wanted to do my own bookkeeping business as a side hustle but I've been a little scared to jump into it. Not much of a "people person" LOL. Your videos are super helpful, Thanks!
What I've learned, from limited experience, is you don't have to be much of a people person. Which is good, because I'm not one either.
If you have the drive to do good work for your clients, that's all you really need. If you can be polite and professional as well then you're set.
Honestly, depending on how you run things, you don't even need to spend that much of your time communicating verbally. I once worked for an online bookkeeping company and had roughly 60 clients. I barely spoke with any of them, even though they were free to schedule calls with us. More communication is needed around tax time, of course.
Thanks for making this video! I was intimidated in starting my side hustle (even though bookkeeping is not new to me).
I love watching your videos. I am always learning something new.
Thanks so much for this. This is super helpful. Looking to start my own bookkeeping practice and the real life examples you share really help
Thank you for the great content! I haven’t been to your channel in a while and I realized I haven’t clicked on the notification bell. 🤦🏻♀️ now I gotta catch up on all your vids. Thank you, Morgan!
Thank you for these videos. I’m looking into becoming a bookkeeper and want to eventually work from home.
No problem! Yes, it's a super flexible job, and that is one of the reasons I chose it also. :)
@@FinePointsBookkeeping could I be a book keeper as young as 17? I take a college corporate accounting class in high school.
Hello! Love these DITL bookkeeping videos. For the past few months, I have been researching bookkeeping as a career since I'm currently in a career rut. I found your videos and they have been very helpful while I work out my next steps into possibly going into freelance bookkeeping. Keep up the good work!
I've been bookkeeping off and on for 30+ years, my degree is in accounting. I specialize in the trucking industry and more specifically small trucking/owner operators. I work full time in the trucking industry, just looking to get some side income and fill in some spare time.
Starting your own bookkeeping business is a great idea! Let us know if you have any questions along the way.
Krista (FinePoints Admin)
Thanks for sharing your journey!
Of course!!
I thinking about starting this. Im also about moving. So im cleaning out my house . Before i get stzred in this business.
I am trying to do some more research becoming a Bookkeeper
Hi Thomas!
Thank you for reaching out to ask for help with becoming a bookkeeper.
Here are links to some of Morgan's free resources that detail how to get started that you may find helpful!
Video: How to become a bookkeeper: (ruclips.net/video/IyZvsc0gavM/видео.html)
Video: How to start your bookkeeping business: (ruclips.net/video/QP6O6Qj6bCA/видео.html)
Free Download: Decision Tree Chart - where do I start? (finepoints.newzenler.com/f/decision-tree-chart)
Morgan also has a free masterclass that could help you in deciding if you want to get started with bookkeeping: Is bookkeeping right for me? (finepoints.newzenler.com/fp/beginner-bookkeeping-masterclass-1)
We hope these resources can help give you a jump start. Please reach out if you have any additional questions along the way.
Krista (FinePoints Admin)
I am just considering starting. I think I would be very good at it but am still learning exactly what a bookkeeper does
I loved this video! i've been trying to find more information about what a career in bookkeeping would look like and this was so informative! thank you :)
I really enjoy your videos. After losing my AR Specialist job, because my employer closed her business, you inspired me to freelance my bookkeeping services. I went through the QuickBooks online certification training, but was not familiar enough with the software to pass the certification exam on the first try. I will study some more and try again. Thank you for your help.
Thank you for sharing .. love your energy Blessings, Cheri
Thank you so much!
Loved this video!!! I'm taking my last 2 final exams before embarking on my new career! 🤑
Awesome! Best wishes on your exams! -Gabe (FinePoints Admin)
Please!!!!!! Can you share that excel file ? I had a test for the city to get a job and it looked just like that spreadsheet . It was asking for formulas and comprehension of the excel formulas. . I failed it , but I’m allow to retake the exam again ..
Im gathering info on bookkeeping and I think I’m going to take the plunge!
If I go to preschool, how do manages of home situations
Hi! You mentioned marketing.... Can you suggest ways on how to get clients? Also, how to spot good from "bad" clients? :)
Hello, I have been watching your channel for awhile. I received my 4 year accounting degree within the last 5 years, but feel that the world of bookkeeping is more my speed and something I want to pursue as I like the idea of working with smaller businesses. In other words, I would rather swim in a smaller pond. Anyway, thanks for your videos, I appreciate the content and insight that you provide. :)
Thanks for sharing! I think a lot of accountants are also bookkeepers--so true about the smaller pond!
I am a virtual bookkeeper. On my path to establishing a thriving business.
Hi! Is the only software I need to learn for bookkeeping "Quickbooks"? Is that something all clients would have or do I need to learn other things like spreadsheets?
Can you do a video about new businesses who for example had expenses in 2020 but didn't make any sales until 2021. How do you set up the books to show previous year start up costs? Thanks! Been bookkeeping for 5 years and starting to do it as freelance work
You’re crazy with that empty email box that is awesome I think I have something like 66,000 unopened emails that’s pretty much my junk mailbox right LOL
Hi Morgan! I'm interested in having daycare/preschool as one of my niches. Can you do a more detailed video of what all entails with them?
Great question, I'll add it to the list of ideas, would be a great addition to the niches playlist -Gabe (FinePoints Admin)
Hi Morgan! Your videos are awesome & so informative! My question is on the budget. Is this your standard template for budgeting and tracking for all company’s you service? That’s for sharing your day!
Hi! Thanks so much. That one was pretty specific to the preschool, so it can vary a lot client to client. There is a budgeting function in QBO that I use, and it's usually based on the categories that are already in the chart of accounts. For this example I exported a QB report (based on the budget) into Excel and tweaked it a bit. Hope that helps!
I am in the process of learning bookkeeping and looking into what could be a potential niche. I love the idea of doing daycares and preschools. Do you think there is enough of a market out there? My concern is that there is so much additional record keeping needed in daycares that they may not want to pay someone that is just focused on the money. What do you think?
Hmm, good question. I'm not super familiar with the particular need for that niche (other than the fact that I mostly find people are always looking for a good bookkeeper! So, I'm sure it's possible). You should search Facebook for bookkeeper groups in that niche (and/or ask in the FB group "successful bookkeeper" ... I bet there will be someone in there that does bookkeeping for preschools/daycares.
Hey Morgan! Your videos are so helpful to me as someone who is just learning about bookkeeping and starting up my business. One question I have, how do you determine what clients you'd need to do receipt matching for? For example, if it was just the business owner making these purchases for the business, is it required to save/track/match receipts in that instance as well? Thanks!
Hey, can you do a video discussing or just comment about QBO subscriptions and if it is best to bill clients or have your firm billed? I am new to bookkeeping and I don't know how to go about it- so confused. Thanks Morgan you are the best
Never mind I just saw a video of yours discussing this haha! I am going to watch it now. Can you talk about invoicing clients and maybe services to offer if you have not in the past?
Yeah! You can do it either way... I personally have QBO bill me, and it's rolled into my fees to each client.
Sure thing! I haven't done much on invoicing, so will add that to my list. Thanks for watching!
Thank you for your videos! I am doing my research, hoping to start my business in 2021. I have two questions. One, how do you handle deadlines? It would seem like all the work needs to be done in the first half of the month. Do you find you work a lot more the first two weeks vs. the last two? Also, I'd love to know where you got your desk! I've been looking for something small and haven't been able to find anything. Thanks again!
Thank you so much for your videos. They are really teaching me a lot. I have a banking background, but have been a homeschool Mom and now ready to start working full time. In the past couple of years I have been the Admin. Assistant for my church including doing their bookkeeping. I really like it better than banking. I feel like it plays to my banking experience, but with an more interesting twist and lots more flexibility. I still don’t feel confident enough to start out on my own without a “mentor” or someone who can work with me and answer question etc. I was thinking about getting an entry level pt time position just to give me some experience and confidence and go up from there. What would you recommend?
Hey Wendy, thanks for watching & sharing your story! I think it's a great way to build confidence -- working for a company for awhile. I did that when I was starting, I worked one day at an office of a nonprofit, and I still was growing and getting some more new clients of my own. I learned a lot of good workflow, tricks, etc. You can ask around in your network, or answer ads for bookkeepers (on craigslist, etc). You'll probably get paid less than when you set your own hourly rate, but still good experience!
Great video! Would you be able to do one with a client that receives income from Square that gets deposited into the account? How would you review/categorize it?
Thanks! Yeah, it would show up saying something with "Square" in QBO, and then you can put it in whichever income category the client needs. Many clients don't need income broken out (money is money), but if they are tracking different types of income sources, you'd just need to create a system for them to communicate where that money came from. Is that helpful?
In a video I saw u talked about keeping business and personal expenses separate how do u do that
Looking for a career change, so just looming into bookkeeping. My wife mentioned it as an option, as I am good with numbers, good with people, decent with computers and excel, and enjoy learning new things. May just follow through learning bookkeeping as a low cost no loss option (if I decide I do not like it, still a good skill to have and use for things like my rental property). I also know a lot of people with "small buisnesses" (a lot of doctors and some physiod own their own buisness and contract out to a bigger buisness, same goes with welders, and I know a lot of folks in all of these). It also seems like a buisness I could start doing on the side (I currently work 4 days on, 4 days off with my regular job) until I get some traction.
YES. You basically named all the things that I thought when starting out. It sounds like it would be a great fit. You should check out my Free masterclass: Is bookkeeping right for me? finepoints.newzenler.com/fp/beginner-bookkeeping-masterclass-1
Also, this video details how to get started. Good luck! ruclips.net/video/IyZvsc0gavM/видео.html
how you advice to start a business or a carrier in a company as a bookkeeper without experience?
How did you get the clients?
Hi Morgan, 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?
This was such a useful video ,was looking for videos like these !Im currently studying to be an accounting technician in order to set up a business ,just wondering do u manage assets (depreciation etc) or do u leave that to the accountants?,
Thanks 😊
Glad it was helpful! Good question, I have "book knowledge" of how to do it, but yes, I usually have my clients' accountant take care of it. :)
@@FinePointsBookkeeping Great thanks morgan
May I also ask what kind of training you had to become a bookkeeper?
Yeah! I took online classes at a local college when starting out, then later did the (free) training to be a QuickBooks ProAdvisor. I have more info in this video: ruclips.net/video/l5dnRgJem2o/видео.html
Let me know if you have any other questions!
I have been looking into bookkeeping as a second career also, this is a helpful thread. There are so many different online resources it's hard to know if a local college or online is a better choice. I really appreciate the time you take to explain your daily tasks.
Hey Morgan!! Great video. :) Great channel as well! Would love to interview you about how to start a bookkeeping business. Is there an email I can send more info to you with?
Hi Tom, thanks so much! Sure, shoot me an email: morganfinepoints@gmail.com
Hi Morgan! I am a full-time bookkeeper for a school and would love go start my own business. Do you pay for QuickBooks online? I am trying to find information but most people want you to buy their program to get info and I am not sure I trust in that. Any suggestions would be greatly appreciated! Colleen
Yes, QBO Accountant! The accountant version is free for your own books, and you only pay once you start getting clients. I made a video about it here: ruclips.net/video/hyKoi3Lhncg/видео.html
Hi... Thanks for sharing your daily working life, a very important question about bookkeeping! Are you doing taxation for the clients or you only handling the accounting? Actually, I'm currently outside the USA, but I'm a US CPA, I would like to start my own services inside USA, do you think that I'll be able to do it? Thanks in advance.
I don't do taxes now, but am thinking about it in the future. Here's a vid with more info ruclips.net/video/49o36dkWLrg/видео.html
how many clients can one bookkeeper have? How many hours a month do you think you spend per client each month?
I have a detailed video coming up on that topic in January! I can spend 5-10 hours per client, and right now I choose to work only about 1-2ish days per week. Also check out this video: ruclips.net/video/pePJ-WAHvVA/видео.html
How many hours a month or week do you usually spend on a client like this?
I would say about 3ish hours a month, and more at the end of the year to organize reporting. ruclips.net/video/CRxcc0-8Ick/видео.html
how long do you work each day
On average how many hours do you work on the school each month?
3ish? It's pretty small.
why don't you just ask for the bank account of the school teacher to give them a reimbursement?