Hi Bill! I am excited to be doing the 5-Day Keyboard Rich Challenge with you this week! I have a question about payroll - why do you say we won't be doing payroll or shouldn't be doing payroll for a client? Just curios because I have only one client right now - he owns a small construction business and only has three employees and I am running payroll for him each week in QBO. What's the downside of doing this? Thanks!
I don't believe I've ever said that you shouldn't be doing payroll. You may be referring to me saying that you won't be doing it manually. Your clients will be using a 3rd party payroll processor who handles all the direct deposits, taxes, filings, etc. We should definitely be assisting with payroll.
@@BoomingBookkeepingBusiness Thank you for responding, Bill! My client uses the QBO payroll add-on subscription, not a 3rd party. I guess I'm not clear about what you mean by "manually" doing payroll. I had to manually set up the employees for direct deposit and taxes, etc, in QBO in order to process payroll in QBO. Could you please clarify more about what types of tasks we should be doing to assist with payroll and what types of tasks we shouldn't be doing, or what your definition of "manually doing payroll" is? This is my first and only client so I'm new at this and don't have anything else to compare it to in terms of how other companies/bookkeepers are "doing payroll" or assisting with payroll. Thanks so much!
@@logosrising7088 Manual payroll is where you're actually calculating taxes, submitting tax forms, etc. QBO payroll handles all that for you. The extent of your responsibilities there are entering employees and, if it makes sense for the client, entering time and running the payroll.
Thanks for the information and encouragement. I recently signed up for the QBO Accountant account as instructed by someone offering a training. Now I don't know how to delete all that data from the training. Any advice would be greatly appreciated.
Whoever offered that training should've advised against adding data to that account unless it's real data for your bookkeeping business. Unfortunately, you'll have to delete everything manually unless you use a 3rd party tool.
Is there a place to get scenarios to use for practice? I have been in the sample company many times but during training. But would love a different set of scenarios to practice as if it were a real client.
No, going through the ProAdvisor training does not prepare you to work with clients. Your best bet is to get some proper training and a mentor to help you along the way as you will encounter things that training cannot prepare you for.
The client will typically connect their bank & credit card accounts to QuickBooks. Otherwise, you can assist with that while on a Zoom screenshare to guide them through the process.
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I am excited to take your course!
Looking forward to working with you!
Thank you for making a video on this
Excellent! Thank you!
Glad you enjoyed it Kelly!
i went to do the 5 day challenge the day i received my book and had to be put on a wait list, is this going to be a long wait?
Registration is back open. You can enroll at: keyboardrichchallenge.com
I want to become bookkeeper. I hope I find the best mentor through RUclips.❤❤❤
Check out my free training that shows you how to get started at: boomingbookkeeping.com 🙂
I never knew this. Its a great study practice in book keeping. Thank you
Glad you enjoyed it!
Hi Bill! I am excited to be doing the 5-Day Keyboard Rich Challenge with you this week! I have a question about payroll - why do you say we won't be doing payroll or shouldn't be doing payroll for a client? Just curios because I have only one client right now - he owns a small construction business and only has three employees and I am running payroll for him each week in QBO. What's the downside of doing this? Thanks!
I don't believe I've ever said that you shouldn't be doing payroll. You may be referring to me saying that you won't be doing it manually. Your clients will be using a 3rd party payroll processor who handles all the direct deposits, taxes, filings, etc. We should definitely be assisting with payroll.
@@BoomingBookkeepingBusiness Thank you for responding, Bill! My client uses the QBO payroll add-on subscription, not a 3rd party. I guess I'm not clear about what you mean by "manually" doing payroll. I had to manually set up the employees for direct deposit and taxes, etc, in QBO in order to process payroll in QBO. Could you please clarify more about what types of tasks we should be doing to assist with payroll and what types of tasks we shouldn't be doing, or what your definition of "manually doing payroll" is? This is my first and only client so I'm new at this and don't have anything else to compare it to in terms of how other companies/bookkeepers are "doing payroll" or assisting with payroll. Thanks so much!
@@logosrising7088 Manual payroll is where you're actually calculating taxes, submitting tax forms, etc. QBO payroll handles all that for you. The extent of your responsibilities there are entering employees and, if it makes sense for the client, entering time and running the payroll.
Thanks for the information and encouragement. I recently signed up for the QBO Accountant account as instructed by someone offering a training. Now I don't know how to delete all that data from the training. Any advice would be greatly appreciated.
Whoever offered that training should've advised against adding data to that account unless it's real data for your bookkeeping business. Unfortunately, you'll have to delete everything manually unless you use a 3rd party tool.
@@BoomingBookkeepingBusiness Thank you for responding. I ended up reaching out to customer service and had to create a brand new account.
Is there a place to get scenarios to use for practice? I have been in the sample company many times but during training. But would love a different set of scenarios to practice as if it were a real client.
We are adding those to my mentorship program in the next couple of months 🙂
It's probably best to be in a bookeeper network, Community to exchange info as questions come up.
Should we also take a course on bookkeeping? Is the QuickBooks pro advisor enough to become a bookkeeper?
No, going through the ProAdvisor training does not prepare you to work with clients. Your best bet is to get some proper training and a mentor to help you along the way as you will encounter things that training cannot prepare you for.
how do you set up the client banking info?
The client will typically connect their bank & credit card accounts to QuickBooks. Otherwise, you can assist with that while on a Zoom screenshare to guide them through the process.
Do we need to learn any accounting?
Yes! But remember, bookkeeping is a subset of accounting. You just need to learn bookkeeping.
@@BoomingBookkeepingBusiness thank you 😃
Do I need a different QB account per client ? Or how does it work ?
Your free QBOA account is all you'll ever need. Your clients will have their own QBO account and give you access to it.
Hi. Would like to get in touch with you
Feel free to send a message to the Booming Bookkeeping Business Facebook page: facebook.com/boomingbookkeepingbiz
I was using the test drive and could not figure out what i do to connect your clients bank information to do their books?
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India Carter