{"version":"1.0.0","segments":[{"startTime":35.902,"endTime":36.622,"body":"Hello."},{"startTime":36.622,"endTime":38.601,"body":"Hello everyone."},{"startTime":38.692,"endTime":45.497,"body":"This is our, uh, January live q and"},{"startTime":38.692,"endTime":45.497,"body":"a. we did take a little bit of a"},{"startTime":45.497,"endTime":49.727,"body":"break from our live q and as for a"},{"startTime":45.497,"endTime":49.727,"body":"couple months, so welcome back and"},{"startTime":49.727,"endTime":51.467,"body":"if this is your first one, welcome."},{"startTime":52.212,"endTime":56.892,"body":"On our monthly live q and as,"},{"startTime":52.212,"endTime":56.892,"body":"these are open to the community."},{"startTime":56.892,"endTime":61.792,"body":"If you're on my email list, you'll get an"},{"startTime":56.892,"endTime":61.792,"body":"email alert So these are basically open."},{"startTime":62.267,"endTime":66.094,"body":"Ask me anything  whether it's about"},{"startTime":62.267,"endTime":66.094,"body":"building a bookkeeping business, whether"},{"startTime":66.094,"endTime":71.134,"body":"it's mindset, pricing, client stuff"},{"startTime":66.094,"endTime":71.134,"body":"pretty much anything is on the table."},{"startTime":71.494,"endTime":75.934,"body":"So if I have an answer of how"},{"startTime":71.494,"endTime":75.934,"body":"I've done it, I will share that."},{"startTime":75.934,"endTime":78.574,"body":"If I don't have an answer, I"},{"startTime":75.934,"endTime":78.574,"body":"will be transparent about that."},{"startTime":78.574,"endTime":84.124,"body":"So, um, so yeah, You may have"},{"startTime":78.574,"endTime":84.124,"body":"noticed we didn't release as"},{"startTime":84.124,"endTime":85.864,"body":"many podcast episodes this month."},{"startTime":86.274,"endTime":93.394,"body":"And a lot of people have been wondering"},{"startTime":86.274,"endTime":93.394,"body":"when we're gonna open up B-B-A-V-I-P that"},{"startTime":93.394,"endTime":96.424,"body":"we will be opening another round in March."},{"startTime":96.424,"endTime":97.744,"body":"So mark your calendars for that."},{"startTime":98.559,"endTime":99.099,"body":"Okay, good."},{"startTime":99.099,"endTime":99.939,"body":"We have a question."},{"startTime":99.999,"endTime":102.969,"body":"Allie says, thanks a lot for"},{"startTime":99.999,"endTime":102.969,"body":"reopening these q and as."},{"startTime":102.969,"endTime":105.909,"body":"I'm starting my bookkeeping"},{"startTime":102.969,"endTime":105.909,"body":"business and using your BBA course."},{"startTime":105.909,"endTime":106.359,"body":"Yay."},{"startTime":106.809,"endTime":109.299,"body":"I actually decided to start"},{"startTime":106.809,"endTime":109.299,"body":"the business with a partner."},{"startTime":109.299,"endTime":110.499,"body":"We are both accountants."},{"startTime":110.499,"endTime":114.219,"body":"Ideally, I would love to split the"},{"startTime":110.499,"endTime":114.219,"body":"work between us in a way where we can"},{"startTime":114.219,"endTime":116.289,"body":"hopefully grow the business twice as fast."},{"startTime":116.649,"endTime":120.429,"body":"Do you have any recommendations as for"},{"startTime":116.649,"endTime":120.429,"body":"how we can split the work for context?"},{"startTime":120.429,"endTime":121.839,"body":"We're still in the beginning stages."},{"startTime":121.839,"endTime":124.749,"body":"Our website is almost done, and"},{"startTime":121.839,"endTime":124.749,"body":"so is our engagement letter."},{"startTime":125.359,"endTime":127.609,"body":"We signed our first client"},{"startTime":125.359,"endTime":127.609,"body":"but have not onboarded yet."},{"startTime":127.609,"endTime":129.589,"body":"Congratulations on"},{"startTime":127.609,"endTime":129.589,"body":"signing your first client."},{"startTime":129.589,"endTime":130.284,"body":"That's super exciting."},{"startTime":130.765,"endTime":136.495,"body":"I would sit down with your business"},{"startTime":130.765,"endTime":136.495,"body":"partner and outline your strengths"},{"startTime":136.555,"endTime":141.745,"body":"and weaknesses and, and hopefully"},{"startTime":136.555,"endTime":141.745,"body":"you guys have complimenting strengths"},{"startTime":141.775,"endTime":147.055,"body":"so that you can divide the work up"},{"startTime":141.775,"endTime":147.055,"body":"and have different responsibilities."},{"startTime":147.055,"endTime":151.105,"body":"So, for instance, I think one"},{"startTime":147.055,"endTime":151.105,"body":"person should be responsible"},{"startTime":151.105,"endTime":152.815,"body":"for the client operations."},{"startTime":152.815,"endTime":156.955,"body":"So overseeing, either getting the"},{"startTime":152.815,"endTime":156.955,"body":"work done, communicating with clients."},{"startTime":156.955,"endTime":160.012,"body":"I'm not sure if you guys are planning"},{"startTime":156.955,"endTime":160.012,"body":"on hiring bookkeepers and building"},{"startTime":160.012,"endTime":164.602,"body":"out the team, but having one person"},{"startTime":160.012,"endTime":164.602,"body":"responsible for operations, one person"},{"startTime":164.602,"endTime":166.942,"body":"responsible for like sales and marketing."},{"startTime":167.182,"endTime":170.542,"body":"If your strengths allow for"},{"startTime":167.182,"endTime":170.542,"body":"that that would be ideal."},{"startTime":170.542,"endTime":173.302,"body":"That way people aren't"},{"startTime":170.542,"endTime":173.302,"body":"stepping on each other's toes."},{"startTime":173.452,"endTime":177.458,"body":"And then in your agreement, hopefully"},{"startTime":173.452,"endTime":177.458,"body":"you have a strong operating agreement."},{"startTime":177.458,"endTime":181.238,"body":"And if not, now is the time to actually"},{"startTime":177.458,"endTime":181.238,"body":"sit down with a lawyer and create that."},{"startTime":182.033,"endTime":187.833,"body":"Define these roles and have a, a"},{"startTime":182.033,"endTime":187.833,"body":"source of truth for like, who has"},{"startTime":187.833,"endTime":192.243,"body":"the final say if you guys can't agree"},{"startTime":187.833,"endTime":192.243,"body":"on things, because that's still a,"},{"startTime":192.633,"endTime":194.223,"body":"something that's gonna have to happen."},{"startTime":194.473,"endTime":199.753,"body":"So definitely make sure you have"},{"startTime":194.473,"endTime":199.753,"body":"all of those ducks in a row when"},{"startTime":199.753,"endTime":203.423,"body":"it comes to, your partnership and"},{"startTime":199.753,"endTime":203.423,"body":"defining your roles and everything."},{"startTime":203.423,"endTime":206.333,"body":"But that would be my"},{"startTime":203.423,"endTime":206.333,"body":"suggestion as a starting point."},{"startTime":206.783,"endTime":210.953,"body":"And also if you're in our community,"},{"startTime":206.783,"endTime":210.953,"body":"I would post in there to see if anyone"},{"startTime":210.953,"endTime":215.363,"body":"else has experience working with a"},{"startTime":210.953,"endTime":215.363,"body":"business partner or even any other."},{"startTime":216.263,"endTime":220.373,"body":"Business owners that you might know in"},{"startTime":216.263,"endTime":220.373,"body":"your community, I would strongly encourage"},{"startTime":220.373,"endTime":224.513,"body":"you to sit down with someone else who has"},{"startTime":220.373,"endTime":224.513,"body":"gone into a partnership and ask them what"},{"startTime":224.513,"endTime":228.293,"body":"they would've done differently and things"},{"startTime":224.513,"endTime":228.293,"body":"like that and, and ask for their input."},{"startTime":228.603,"endTime":234.843,"body":"I've never done a business partnership,"},{"startTime":228.603,"endTime":234.843,"body":"so, um, I can't say really what I"},{"startTime":234.843,"endTime":238.483,"body":"would do but I've definitely seen"},{"startTime":234.843,"endTime":238.483,"body":"business partnerships fall apart."},{"startTime":238.633,"endTime":241.153,"body":"So make sure you plan for."},{"startTime":241.703,"endTime":245.393,"body":"I know this sounds really like dark,"},{"startTime":241.703,"endTime":245.393,"body":"but plan for the breakup in the business"},{"startTime":245.393,"endTime":250.343,"body":"partnership so that you can figure out how"},{"startTime":245.393,"endTime":250.343,"body":"things are gonna go if it comes to that."},{"startTime":250.343,"endTime":253.953,"body":"But if you don't have that plan in"},{"startTime":250.343,"endTime":253.953,"body":"place, then it'll make things a lot"},{"startTime":253.953,"endTime":255.933,"body":"harder if you guys decide to part ways."},{"startTime":256.303,"endTime":257.923,"body":"So that's my 2 cents on that."},{"startTime":258.283,"endTime":259.213,"body":"Hopefully that's helpful."},{"startTime":260.788,"endTime":263.338,"body":"Thao says, when do you use TaxJar in Xero?"},{"startTime":263.338,"endTime":264.358,"body":"What does it look like?"},{"startTime":264.358,"endTime":268.888,"body":"I have a potential lead in e-commerce"},{"startTime":264.358,"endTime":268.888,"body":"and it seems very straightforward."},{"startTime":269.218,"endTime":272.664,"body":"I just never have dealt with sales"},{"startTime":269.218,"endTime":272.664,"body":"tax in Xero, but I am trying to"},{"startTime":272.664,"endTime":274.044,"body":"transition completely to zero."},{"startTime":274.074,"endTime":275.964,"body":"Okay, so first things first."},{"startTime":275.964,"endTime":277.974,"body":"Tax Jar is completely separate from Xero."},{"startTime":277.974,"endTime":279.474,"body":"It's a completely different platform."},{"startTime":279.474,"endTime":280.764,"body":"You can integrate it."},{"startTime":281.139,"endTime":285.219,"body":"For e-commerce clients, you're not going"},{"startTime":281.139,"endTime":285.219,"body":"to, what you're actually gonna integrate"},{"startTime":285.249,"endTime":287.289,"body":"TaxJar with is their sales platform."},{"startTime":287.289,"endTime":292.049,"body":"So if they're in Shopify or Etsy"},{"startTime":287.289,"endTime":292.049,"body":"any of those other Amazon, that's"},{"startTime":292.049,"endTime":296.063,"body":"where you're gonna integrate, TaxJar"},{"startTime":292.049,"endTime":296.063,"body":"with, and then you're going to just"},{"startTime":296.063,"endTime":299.754,"body":"be like, nothing's really gonna"},{"startTime":296.063,"endTime":299.754,"body":"flow through to zero from TaxJar."},{"startTime":300.03,"endTime":304.488,"body":"So hopefully that helps the only"},{"startTime":300.03,"endTime":304.488,"body":"reason you would integrate TaxJar"},{"startTime":304.488,"endTime":310.198,"body":"with Xero is if you are invoicing"},{"startTime":304.488,"endTime":310.198,"body":"through Xero and collecting sales tax"},{"startTime":310.198,"endTime":312.988,"body":"through Xero, but that's not where"},{"startTime":310.198,"endTime":312.988,"body":"you're collecting the sales tax."},{"startTime":312.988,"endTime":316.374,"body":"So you need to integrate it with the"},{"startTime":312.988,"endTime":316.374,"body":"platform where you will be collecting"},{"startTime":316.374,"endTime":320.964,"body":"sales tax, which is usually Shopify,"},{"startTime":316.374,"endTime":320.964,"body":"those types of shopping carts."},{"startTime":321.514,"endTime":324.304,"body":"That's my biggest advice on that."},{"startTime":324.454,"endTime":327.394,"body":"Tax jar is very straightforward"},{"startTime":324.454,"endTime":327.394,"body":"and easy to work with."},{"startTime":327.424,"endTime":331.453,"body":"I suggest setting up AutoFile"},{"startTime":327.424,"endTime":331.453,"body":"on all the states if you can."},{"startTime":331.823,"endTime":335.543,"body":"I have never used tax jars"},{"startTime":331.823,"endTime":335.543,"body":"service for registering states."},{"startTime":335.543,"endTime":336.773,"body":"I've always done that myself."},{"startTime":336.773,"endTime":341.483,"body":"And then given them access to the state"},{"startTime":336.773,"endTime":341.483,"body":"registrations that's probably the most"},{"startTime":341.483,"endTime":345.713,"body":"complicated piece of sales tax is actually"},{"startTime":341.483,"endTime":345.713,"body":"getting all the registrations done and."},{"startTime":346.388,"endTime":347.738,"body":"Loaded into TaxJar."},{"startTime":348.068,"endTime":352.133,"body":"The other thing I will mention is if your"},{"startTime":348.068,"endTime":352.133,"body":"clients have international sales, TaxJar"},{"startTime":352.133,"endTime":354.413,"body":"can't support VAT and other countries."},{"startTime":355.538,"endTime":358.928,"body":"You would probably want to"},{"startTime":355.538,"endTime":358.928,"body":"consider a different platform."},{"startTime":359.298,"endTime":363.528,"body":"One of the platforms that we are moving"},{"startTime":359.298,"endTime":363.528,"body":"our clients to that have International"},{"startTime":363.528,"endTime":366.198,"body":"Nexus is a system called an R."},{"startTime":366.228,"endTime":368.418,"body":"It's spelled A-N-R-O-K."},{"startTime":368.788,"endTime":371.628,"body":"And if you're interested"},{"startTime":368.788,"endTime":371.628,"body":"in that, I can share more"},{"startTime":371.628,"endTime":373.878,"body":"information on that in the chat."},{"startTime":373.878,"endTime":376.068,"body":"Later on I'll come back"},{"startTime":373.878,"endTime":376.068,"body":"and link the video."},{"startTime":376.378,"endTime":381.418,"body":"basically, you connect your Shopify or"},{"startTime":376.378,"endTime":381.418,"body":"your Stripe or whatever sales platform"},{"startTime":381.418,"endTime":384.778,"body":"you're using, and they will track"},{"startTime":381.418,"endTime":384.778,"body":"Nexus and they will register for you."},{"startTime":384.778,"endTime":391.048,"body":"But the fees tend to be more affordable"},{"startTime":384.778,"endTime":391.048,"body":"than TaxJar for larger clients."},{"startTime":391.498,"endTime":394.708,"body":"But they, you do have to go through a"},{"startTime":391.498,"endTime":394.708,"body":"process of meeting with them and making"},{"startTime":394.708,"endTime":397.708,"body":"sure that like your client is a good"},{"startTime":394.708,"endTime":397.708,"body":"fit for their platform and all of that."},{"startTime":397.708,"endTime":398.218,"body":"It's a lot."},{"startTime":398.668,"endTime":401.878,"body":"A little more, a few more hoops"},{"startTime":398.668,"endTime":401.878,"body":"to jump through than you have"},{"startTime":401.878,"endTime":403.438,"body":"with TaxJar for setting up."},{"startTime":403.438,"endTime":407.751,"body":"But if you foresee your clients selling"},{"startTime":403.438,"endTime":407.751,"body":"internationally, or if they already are"},{"startTime":407.751,"endTime":411.193,"body":"and you wanna be tracking that nexus,"},{"startTime":407.751,"endTime":411.193,"body":"you should plan for that and put them"},{"startTime":411.193,"endTime":413.263,"body":"on a platform that can support that."},{"startTime":413.767,"endTime":415.327,"body":"So I know that was a lot."},{"startTime":415.327,"endTime":416.797,"body":"Sales tax is kind of a beast."},{"startTime":417.307,"endTime":419.227,"body":"If you have more questions,"},{"startTime":417.307,"endTime":419.227,"body":"just let me know."},{"startTime":419.947,"endTime":424.117,"body":"Um, Jennifer asked, does BBA have"},{"startTime":419.947,"endTime":424.117,"body":"templates or drafts of lOEs and"},{"startTime":424.117,"endTime":429.457,"body":"proposals, I'm assuming you are"},{"startTime":424.117,"endTime":429.457,"body":"referring to engagement letters?"},{"startTime":429.847,"endTime":431.467,"body":"Yes, I do have templates."},{"startTime":431.527,"endTime":435.367,"body":"I do still recommend if you use the"},{"startTime":431.527,"endTime":435.367,"body":"templates that are in there, you still"},{"startTime":435.367,"endTime":439.457,"body":"have them reviewed by an attorney"},{"startTime":435.367,"endTime":439.457,"body":"in your state so that it makes sure"},{"startTime":439.457,"endTime":443.987,"body":"that it encompasses the rules and"},{"startTime":439.457,"endTime":443.987,"body":"regulations that your specific state has."},{"startTime":444.347,"endTime":447.017,"body":"If you have business insurance,"},{"startTime":444.347,"endTime":447.017,"body":"a lot of times they have"},{"startTime":447.017,"endTime":449.16,"body":"templates you can start with."},{"startTime":449.16,"endTime":452.76,"body":"So I also recommend checking there, and if"},{"startTime":449.16,"endTime":452.76,"body":"you don't have business insurance, get it."},{"startTime":453.1,"endTime":455.53,"body":"That is a necessary thing when"},{"startTime":453.1,"endTime":455.53,"body":"you get your first client."},{"startTime":455.53,"endTime":457.42,"body":"Just set up some business insurance."},{"startTime":457.46,"endTime":461.21,"body":"I always work with a broker"},{"startTime":457.46,"endTime":461.21,"body":"named Jock Walls with Risk Desk."},{"startTime":461.52,"endTime":464.31,"body":"His website is my risk desk.com."},{"startTime":464.92,"endTime":465.94,"body":"He's a great broker."},{"startTime":465.94,"endTime":469.03,"body":"He will sit you down and talk about"},{"startTime":465.94,"endTime":469.03,"body":"the different risks that you have"},{"startTime":469.03,"endTime":472.73,"body":"and recommend insurance products"},{"startTime":469.03,"endTime":472.73,"body":"and then get you the best rates."},{"startTime":473.705,"endTime":478.265,"body":"So that is that on the insurance"},{"startTime":473.705,"endTime":478.265,"body":"and engagement letters and proposed."},{"startTime":479.126,"endTime":483.116,"body":"Yes, we have templates and"},{"startTime":479.126,"endTime":483.116,"body":"examples inside of BBA for that."},{"startTime":483.326,"endTime":488.246,"body":"If you are looking at using Dubsado"},{"startTime":483.326,"endTime":488.246,"body":"for that, which is what we use for"},{"startTime":488.246,"endTime":493.566,"body":"our engagement letters and proposals I"},{"startTime":488.246,"endTime":493.566,"body":"recommend the Dubsado decoded course."},{"startTime":493.566,"endTime":496.236,"body":"That's a collaboration I"},{"startTime":493.566,"endTime":496.236,"body":"did with a Dubsado expert."},{"startTime":496.506,"endTime":500.256,"body":"I will caveat that we have"},{"startTime":496.506,"endTime":500.256,"body":"not updated it completely for"},{"startTime":500.256,"endTime":502.446,"body":"the new Dubsado 2.0 version."},{"startTime":502.696,"endTime":503.641,"body":"But that is in the works."},{"startTime":504.373,"endTime":505.213,"body":"Clear ledger."},{"startTime":505.213,"endTime":505.963,"body":"Hello."},{"startTime":505.963,"endTime":507.163,"body":"I have a question."},{"startTime":507.193,"endTime":510.959,"body":"Could you please tell me a little bit"},{"startTime":507.193,"endTime":510.959,"body":"about A QBO accountant versus zero?"},{"startTime":510.959,"endTime":512.159,"body":"What is your preferred software?"},{"startTime":512.159,"endTime":512.699,"body":"Why please?"},{"startTime":512.699,"endTime":514.169,"body":"I'm having decision making issues."},{"startTime":514.199,"endTime":514.619,"body":"Okay."},{"startTime":514.859,"endTime":518.329,"body":"This is like a question that comes"},{"startTime":514.859,"endTime":518.329,"body":"up almost every week from business"},{"startTime":518.329,"endTime":520.999,"body":"owners and bookkeepers alike."},{"startTime":521.243,"endTime":523.463,"body":"even though I prefer working in zero."},{"startTime":524.318,"endTime":526.388,"body":"I put all of my clients on Xero."},{"startTime":526.418,"endTime":531.188,"body":"I do think it's important to also"},{"startTime":526.418,"endTime":531.188,"body":"be very well versed in QBO and"},{"startTime":531.188,"endTime":533.168,"body":"have access as a QBO accountant."},{"startTime":533.168,"endTime":536.928,"body":"So my answer to you is both"},{"startTime":533.168,"endTime":536.928,"body":"because when you bring on new"},{"startTime":536.928,"endTime":538.443,"body":"clients that have existing books."},{"startTime":538.848,"endTime":542.688,"body":"Nine times out of 10, they're gonna"},{"startTime":538.848,"endTime":542.688,"body":"be on QBO or have nothing at all."},{"startTime":543.108,"endTime":547.078,"body":"So, it's important for you to know how"},{"startTime":543.108,"endTime":547.078,"body":"to navigate that, to be able to access"},{"startTime":547.078,"endTime":550.708,"body":"it as an accountant and understand"},{"startTime":547.078,"endTime":550.708,"body":"how QBO works so you can clean it up"},{"startTime":550.708,"endTime":552.418,"body":"before you move them over to zero."},{"startTime":552.828,"endTime":555.888,"body":"So that's, that's one"},{"startTime":552.828,"endTime":555.888,"body":"piece of that question."},{"startTime":555.888,"endTime":559.738,"body":"The other piece of that"},{"startTime":555.888,"endTime":559.738,"body":"question is why I prefer zero."},{"startTime":559.948,"endTime":562.288,"body":"I actually have a podcast on that"},{"startTime":559.948,"endTime":562.288,"body":"that I'm gonna direct you to."},{"startTime":562.288,"endTime":565.948,"body":"It's like podcast number 14 or 15 I think."},{"startTime":565.978,"endTime":567.118,"body":"Back in the feed."},{"startTime":567.328,"endTime":570.058,"body":"So scroll way back and look at that."},{"startTime":570.058,"endTime":574.588,"body":"But long story short, zero functions"},{"startTime":570.058,"endTime":574.588,"body":"more like an accounting software"},{"startTime":574.588,"endTime":578.558,"body":"should, in my opinion has controls"},{"startTime":574.588,"endTime":578.558,"body":"where you can't delete transactions"},{"startTime":578.558,"endTime":579.608,"body":"unless they're not posted yet."},{"startTime":579.878,"endTime":581.978,"body":"And it's a lot harder to screw up."},{"startTime":581.978,"endTime":582.488,"body":"So."},{"startTime":583.703,"endTime":584.483,"body":"The short version."},{"startTime":584.483,"endTime":587.233,"body":"They also have really good"},{"startTime":584.483,"endTime":587.233,"body":"customer service and they're"},{"startTime":587.233,"endTime":588.583,"body":"not trying to poach our clients."},{"startTime":588.583,"endTime":588.823,"body":"So,"},{"startTime":590.923,"endTime":592.093,"body":"um, alright."},{"startTime":592.093,"endTime":593.203,"body":"Bryce says, hi."},{"startTime":593.203,"endTime":596.143,"body":"Currently work full-time in a"},{"startTime":593.203,"endTime":596.143,"body":"financial role for a small family"},{"startTime":596.143,"endTime":597.553,"body":"owned construction company."},{"startTime":597.853,"endTime":600.243,"body":"I would like to start"},{"startTime":597.853,"endTime":600.243,"body":"aside bookkeeping business."},{"startTime":600.243,"endTime":603.093,"body":"How would you recommend"},{"startTime":600.243,"endTime":603.093,"body":"handling this with my company?"},{"startTime":603.093,"endTime":604.113,"body":"Should I inform them?"},{"startTime":604.113,"endTime":604.773,"body":"I'm starting a side business."},{"startTime":606.063,"endTime":609.303,"body":"I would first, before you go to"},{"startTime":606.063,"endTime":609.303,"body":"inform them, I would look at your"},{"startTime":609.303,"endTime":613.088,"body":"employment contract if you have one"},{"startTime":609.303,"endTime":613.088,"body":"or your offer letter or your employee"},{"startTime":613.088,"endTime":614.588,"body":"handbook, it should be outlined in."},{"startTime":615.443,"endTime":621.143,"body":"One of those three places, whether"},{"startTime":615.443,"endTime":621.143,"body":"or not they allow side hustles or"},{"startTime":621.143,"endTime":625.313,"body":"moonlighting or anything like that most"},{"startTime":621.143,"endTime":625.313,"body":"companies have something around that."},{"startTime":625.583,"endTime":630.733,"body":"I know for myself in my company handbook,"},{"startTime":625.583,"endTime":630.733,"body":"I actually do have a clause around"},{"startTime":630.883,"endTime":635.503,"body":"other, like, I don't disallow other"},{"startTime":630.883,"endTime":635.503,"body":"jobs or anything like that, but there"},{"startTime":635.503,"endTime":639.971,"body":"is a clause about if it interferes with"},{"startTime":635.503,"endTime":639.971,"body":"your work here, that's grounds for."},{"startTime":639.971,"endTime":641.991,"body":"Corrective action or termination."},{"startTime":641.991,"endTime":646.419,"body":"So just be aware of what you've signed"},{"startTime":641.991,"endTime":646.419,"body":"a contract on, if it's a, and in the, in"},{"startTime":646.419,"endTime":648.339,"body":"the employee handbook, you've signed that."},{"startTime":648.339,"endTime":649.989,"body":"And so you are bound by that."},{"startTime":649.989,"endTime":653.469,"body":"And I would just look at that first"},{"startTime":649.989,"endTime":653.469,"body":"before you decide to inform anyone."},{"startTime":654.039,"endTime":656.949,"body":"I'm not saying that you should keep"},{"startTime":654.039,"endTime":656.949,"body":"it a secret, but if you have something"},{"startTime":656.949,"endTime":661.824,"body":"in there that, says you're not allowed"},{"startTime":656.949,"endTime":661.824,"body":"to, you know, have a side hustle if it,"},{"startTime":661.944,"endTime":666.324,"body":"sometimes it's more out, more direct"},{"startTime":661.944,"endTime":666.324,"body":"around like the side hustle can't"},{"startTime":666.324,"endTime":670.224,"body":"be in the same industry or compete"},{"startTime":666.324,"endTime":670.224,"body":"with us, that's a different story."},{"startTime":670.224,"endTime":672.894,"body":"So I would just look at what"},{"startTime":670.224,"endTime":672.894,"body":"you've signed in your employee"},{"startTime":672.894,"endTime":674.784,"body":"handbook and go from there."},{"startTime":675.094,"endTime":678.244,"body":"And then it also kind of depends"},{"startTime":675.094,"endTime":678.244,"body":"on the relationship you have with"},{"startTime":678.304,"endTime":680.254,"body":"your supervisor or your employer."},{"startTime":680.254,"endTime":681.154,"body":"And if you feel."},{"startTime":681.399,"endTime":685.329,"body":"Comfortable sharing that with"},{"startTime":681.399,"endTime":685.329,"body":"them whether or not it's allowed"},{"startTime":685.329,"endTime":687.339,"body":"in, in their company handbook."},{"startTime":687.399,"endTime":689.379,"body":"Um, use your best judgment on that."},{"startTime":690.095,"endTime":693.695,"body":"Jennifer says, if I was to buy a Dubsado"},{"startTime":690.095,"endTime":693.695,"body":"course, would I receive the update?"},{"startTime":693.695,"endTime":696.333,"body":"Also, to clarify, Dubsado"},{"startTime":693.695,"endTime":696.333,"body":"course is not a part of BBA."},{"startTime":696.363,"endTime":696.903,"body":"Correct."},{"startTime":696.903,"endTime":699.803,"body":"So, the Dubsado course"},{"startTime":696.903,"endTime":699.803,"body":"is separate from BBA."},{"startTime":700.113,"endTime":703.443,"body":"We are, I think Kendra,"},{"startTime":700.113,"endTime":703.443,"body":"she's who I partnered with."},{"startTime":703.473,"endTime":707.823,"body":"She is working on creating a"},{"startTime":703.473,"endTime":707.823,"body":"lesson within the course to"},{"startTime":707.973,"endTime":710.313,"body":"kind of share the updates, but."},{"startTime":710.558,"endTime":714.837,"body":"I don't know if we've come up with a"},{"startTime":710.558,"endTime":714.837,"body":"plan for revamping the entire course yet."},{"startTime":715.227,"endTime":722.407,"body":"So to keep that in mind, I will report"},{"startTime":715.227,"endTime":722.407,"body":"back when I get more information on that."},{"startTime":722.957,"endTime":725.657,"body":"But yeah, they did overhaul"},{"startTime":722.957,"endTime":725.657,"body":"kind of the whole system."},{"startTime":725.657,"endTime":729.797,"body":"So we are working on figuring"},{"startTime":725.657,"endTime":729.797,"body":"out how to roll that out."},{"startTime":729.797,"endTime":734.357,"body":"I don't know that it's going to be"},{"startTime":729.797,"endTime":734.357,"body":"included when we roll out the updates."},{"startTime":734.607,"endTime":736.647,"body":"It might be like an upgrade fee."},{"startTime":736.647,"endTime":738.957,"body":"It might be a separate"},{"startTime":736.647,"endTime":738.957,"body":"course, I'm not sure yet."},{"startTime":738.957,"endTime":741.142,"body":"So if you wanna hold off"},{"startTime":738.957,"endTime":741.142,"body":"on purchasing, you can."},{"startTime":741.777,"endTime":745.017,"body":"And just go through BBA,"},{"startTime":741.777,"endTime":745.017,"body":"because I do have examples of"},{"startTime":745.017,"endTime":746.637,"body":"how I have my devs auto set up."},{"startTime":746.637,"endTime":750.447,"body":"Granted, it's on the old version,"},{"startTime":746.637,"endTime":750.447,"body":"but you can kind of mirror a"},{"startTime":750.447,"endTime":752.007,"body":"lot of that in the new system."},{"startTime":752.007,"endTime":755.487,"body":"And I think the new system is a lot"},{"startTime":752.007,"endTime":755.487,"body":"more user friendly, to be honest."},{"startTime":756.177,"endTime":759.241,"body":"Cheyenne says, Hey, Serena, any"},{"startTime":756.177,"endTime":759.241,"body":"additional resources you can suggest"},{"startTime":759.351,"endTime":762.497,"body":"for improving skills, I'm in BBA,"},{"startTime":759.351,"endTime":762.497,"body":"and planning on joining Elevate."},{"startTime":763.427,"endTime":766.577,"body":"I am not a CPA, but anything"},{"startTime":763.427,"endTime":766.577,"body":"similar to CPEs to continue"},{"startTime":766.577,"endTime":767.807,"body":"to improve on my knowledge."},{"startTime":767.837,"endTime":771.647,"body":"I feel like I left college without"},{"startTime":767.837,"endTime":771.647,"body":"knowledge, with knowledge, but not the"},{"startTime":771.647,"endTime":775.547,"body":"experience, and now feel like I need to"},{"startTime":771.647,"endTime":775.547,"body":"refresh on knowledge, if that makes sense."},{"startTime":775.967,"endTime":776.417,"body":"Yeah."},{"startTime":776.417,"endTime":781.097,"body":"So I, this is kind of a loaded"},{"startTime":776.417,"endTime":781.097,"body":"question, so if you are."},{"startTime":781.647,"endTime":785.817,"body":"Even though you're not a CPA, you"},{"startTime":781.647,"endTime":785.817,"body":"can take CPE courses and just attend"},{"startTime":785.817,"endTime":787.527,"body":"them to expand your knowledge."},{"startTime":787.977,"endTime":792.177,"body":"I'm gonna ask a follow-up question"},{"startTime":787.977,"endTime":792.177,"body":"on where you feel you're lacking if"},{"startTime":792.177,"endTime":795.207,"body":"it's in the experience, I would say."},{"startTime":795.611,"endTime":799.172,"body":"I know you're gonna want to keep"},{"startTime":795.611,"endTime":799.172,"body":"learning and learning and learning, but"},{"startTime":799.172,"endTime":803.432,"body":"what you really need to do is actually"},{"startTime":799.172,"endTime":803.432,"body":"just try to get your first client and"},{"startTime":803.432,"endTime":804.842,"body":"you are gonna struggle through it."},{"startTime":804.842,"endTime":808.802,"body":"And that's gonna be your learning"},{"startTime":804.842,"endTime":808.802,"body":"like that you really need is hands-on."},{"startTime":809.222,"endTime":813.302,"body":"If you have the ability to contract"},{"startTime":809.222,"endTime":813.302,"body":"for another bookkeeper, that's a really"},{"startTime":813.302,"endTime":817.326,"body":"great option too to build your knowledge"},{"startTime":813.302,"endTime":817.326,"body":"and have someone kind of supporting"},{"startTime":817.326,"endTime":820.773,"body":"you and looking things over and making"},{"startTime":817.326,"endTime":820.773,"body":"sure you're doing things correctly."},{"startTime":821.143,"endTime":822.733,"body":"So that's an option as well."},{"startTime":823.333,"endTime":828.117,"body":"But I know a lot of times we will hold"},{"startTime":823.333,"endTime":828.117,"body":"ourselves back on making the leap and"},{"startTime":828.117,"endTime":832.029,"body":"trying to get clients because we feel"},{"startTime":828.117,"endTime":832.029,"body":"like we need more knowledge . But what"},{"startTime":832.029,"endTime":833.949,"body":"we really need is hands-on experience."},{"startTime":833.949,"endTime":837.759,"body":"And the only way that you're"},{"startTime":833.949,"endTime":837.759,"body":"gonna get that is by doing"},{"startTime":838.269,"endTime":839.679,"body":"and struggling through things."},{"startTime":839.679,"endTime":844.089,"body":"So my suggestion would be to either"},{"startTime":839.679,"endTime":844.089,"body":"try to contract with another bookkeeper"},{"startTime":844.089,"endTime":845.859,"body":"and help them with a few clients."},{"startTime":846.219,"endTime":848.341,"body":"Or just go out and get your own clients."},{"startTime":848.341,"endTime":851.581,"body":"If you have an accounting degree"},{"startTime":848.341,"endTime":851.581,"body":"and you have all that, like you"},{"startTime":851.581,"endTime":852.601,"body":"already have that knowledge."},{"startTime":852.631,"endTime":857.641,"body":"If you've gone through the QuickBooks"},{"startTime":852.631,"endTime":857.641,"body":"training or the zero trainings and"},{"startTime":857.641,"endTime":861.781,"body":"understand how the software is supposed to"},{"startTime":857.641,"endTime":861.781,"body":"function, that's a really good start too."},{"startTime":861.811,"endTime":865.051,"body":"And most of what you learn is gonna"},{"startTime":861.811,"endTime":865.051,"body":"be working directly with clients."},{"startTime":865.381,"endTime":869.221,"body":"If you are in BBA, when we"},{"startTime":865.381,"endTime":869.221,"body":"have our VIP cohorts, we do"},{"startTime":869.221,"endTime":871.051,"body":"have coworking sessions and."},{"startTime":871.129,"endTime":871.969,"body":"coaching calls."},{"startTime":871.969,"endTime":875.449,"body":"Frequently when we do our cohorts,"},{"startTime":871.969,"endTime":875.449,"body":"we usually do them over a course of"},{"startTime":875.449,"endTime":879.799,"body":"eight weeks, and so we'll have weekly"},{"startTime":875.449,"endTime":879.799,"body":"coworking and weekly coaching where"},{"startTime":879.799,"endTime":883.539,"body":"you can bring what you're working on"},{"startTime":879.799,"endTime":883.539,"body":"with clients and get support  on that."},{"startTime":883.539,"endTime":885.249,"body":"So that's an option too."},{"startTime":885.749,"endTime":888.689,"body":"Like I said earlier, I don't know if you"},{"startTime":885.749,"endTime":888.689,"body":"were on when I made this announcement,"},{"startTime":888.689,"endTime":890.788,"body":"but we are opening that back up in March."},{"startTime":890.788,"endTime":894.868,"body":"So we will be running another"},{"startTime":890.788,"endTime":894.868,"body":"cohort through April and May."},{"startTime":895.368,"endTime":897.721,"body":"So you guys can kind of plan"},{"startTime":895.368,"endTime":897.721,"body":"around that if it feels right."},{"startTime":899.161,"endTime":901.111,"body":"Jennifer, I think I just"},{"startTime":899.161,"endTime":901.111,"body":"answered that question."},{"startTime":901.929,"endTime":905.335,"body":"but VBA self-paced only"},{"startTime":901.929,"endTime":905.335,"body":"includes these live q and As."},{"startTime":905.935,"endTime":909.391,"body":"But when we do the VIP cohorts,"},{"startTime":905.935,"endTime":909.391,"body":"we do have the weekly coaching"},{"startTime":909.391,"endTime":911.191,"body":"calls and weekly co-working."},{"startTime":911.681,"endTime":917.311,"body":"And I will be having support through this"},{"startTime":911.681,"endTime":917.311,"body":"next cohort with one of our resident."},{"startTime":917.606,"endTime":921.866,"body":"Alumni students who has been in the"},{"startTime":917.606,"endTime":921.866,"body":"community for several years now, and so"},{"startTime":921.866,"endTime":923.606,"body":"she's gonna be helping run those calls."},{"startTime":923.606,"endTime":923.666,"body":"Um."},{"startTime":923.85,"endTime":925.29,"body":"And I'm really excited about that."},{"startTime":925.29,"endTime":929.263,"body":"So it won't just be me on the next"},{"startTime":925.29,"endTime":929.263,"body":"round, but yeah, you'll have one of your"},{"startTime":929.263,"endTime":933.549,"body":"peers there to support as well, who also"},{"startTime":929.263,"endTime":933.549,"body":"has experience starting and growing a"},{"startTime":933.549,"endTime":935.679,"body":"firm from scratch and building a team."},{"startTime":935.679,"endTime":937.689,"body":"So she's a wealth of knowledge as well."},{"startTime":937.921,"endTime":938.413,"body":"Kelly."},{"startTime":938.413,"endTime":939.133,"body":"Hello."},{"startTime":939.133,"endTime":940.873,"body":"I just hired my first employee."},{"startTime":940.873,"endTime":941.143,"body":"Yay."},{"startTime":941.143,"endTime":942.403,"body":"Congratulations."},{"startTime":943.003,"endTime":946.963,"body":"Does elevate help with how to be"},{"startTime":943.003,"endTime":946.963,"body":"sure  to keep a beat on employees and"},{"startTime":946.963,"endTime":950.413,"body":"reviewing how long is reasonable to get"},{"startTime":946.963,"endTime":950.413,"body":"someone up to speed to take client work?"},{"startTime":950.443,"endTime":950.743,"body":"Okay."},{"startTime":951.548,"endTime":955.148,"body":"So number one, your question"},{"startTime":951.548,"endTime":955.148,"body":"on Elevate, does that help"},{"startTime":955.148,"endTime":957.368,"body":"to keep a beat on employees?"},{"startTime":957.638,"endTime":960.848,"body":"I do talk about the"},{"startTime":957.638,"endTime":960.848,"body":"review process in Elevate."},{"startTime":960.922,"endTime":963.442,"body":"like the very technical review process."},{"startTime":963.442,"endTime":967.342,"body":"What I don't talk about in Elevate"},{"startTime":963.442,"endTime":967.342,"body":"is the leadership stuff, which"},{"startTime":967.342,"endTime":971.058,"body":"is more what you would get from a"},{"startTime":967.342,"endTime":971.058,"body":"program like Alyssa's or Workflow"},{"startTime":971.058,"endTime":973.348,"body":"Queens Breakthrough Program or her."},{"startTime":973.572,"endTime":976.122,"body":"growth seat mentorship, which"},{"startTime":973.572,"endTime":976.122,"body":"I don't think is open for"},{"startTime":976.122,"endTime":977.007,"body":"enrollment right now, but."},{"startTime":977.807,"endTime":983.447,"body":"If you are looking more for, towards"},{"startTime":977.807,"endTime":983.447,"body":"like, how do I really like, make sure"},{"startTime":983.447,"endTime":986.827,"body":"I'm leading this employee and doing"},{"startTime":983.447,"endTime":986.827,"body":"the right checkpoints and having"},{"startTime":986.827,"endTime":989.887,"body":"the monthly reviews and all that"},{"startTime":986.827,"endTime":989.887,"body":"kind of stuff, that's all stuff that"},{"startTime":989.887,"endTime":991.777,"body":"you're gonna get from her programs."},{"startTime":991.993,"endTime":995.953,"body":"but I cover the technical, like how"},{"startTime":991.993,"endTime":995.953,"body":"to review their work in elevate."},{"startTime":996.403,"endTime":999.151,"body":"Also those are things that you"},{"startTime":996.403,"endTime":999.151,"body":"can bring to the calls in BBA"},{"startTime":999.151,"endTime":1001.041,"body":"when we, um, start those up again."},{"startTime":1001.591,"endTime":1005.191,"body":"Then your second question is, how"},{"startTime":1001.591,"endTime":1005.191,"body":"long is reasonable to get someone"},{"startTime":1005.191,"endTime":1007.051,"body":"up to speed to take client work?"},{"startTime":1007.441,"endTime":1012.871,"body":"It really depends on what their"},{"startTime":1007.441,"endTime":1012.871,"body":"drive and their technical skills are."},{"startTime":1012.871,"endTime":1017.921,"body":"So for example I've had various"},{"startTime":1012.871,"endTime":1017.921,"body":"experiences with employees also"},{"startTime":1017.921,"endTime":1020.942,"body":"depends on what, role they're"},{"startTime":1017.921,"endTime":1020.942,"body":"in, and their experience."},{"startTime":1020.942,"endTime":1021.302,"body":"So."},{"startTime":1022.112,"endTime":1025.592,"body":"I've had some employees take multiple"},{"startTime":1022.112,"endTime":1025.592,"body":"clients getting up to speed to be able"},{"startTime":1025.592,"endTime":1027.212,"body":"to be on their own with client work."},{"startTime":1027.212,"endTime":1031.442,"body":"And then I've had, like my most recent"},{"startTime":1027.212,"endTime":1031.442,"body":"hire, was able to jump right in and"},{"startTime":1031.442,"endTime":1033.332,"body":"figure things out without much guidance."},{"startTime":1033.362,"endTime":1038.462,"body":"And she already, she came in as an account"},{"startTime":1033.362,"endTime":1038.462,"body":"manager and she already reviewed every"},{"startTime":1038.462,"endTime":1040.112,"body":"single client on the second month end."},{"startTime":1040.112,"endTime":1044.919,"body":"So, which I wasn't expecting, I was"},{"startTime":1040.112,"endTime":1044.919,"body":"expecting to maybe slowly ramp her up"},{"startTime":1044.919,"endTime":1048.909,"body":"into reviewing all the clients instead"},{"startTime":1044.919,"endTime":1048.909,"body":"of like the first month she was on,"},{"startTime":1049.209,"endTime":1052.481,"body":"she reviewed A handful of clients, like"},{"startTime":1049.209,"endTime":1052.481,"body":"three or four, and then the second month"},{"startTime":1052.481,"endTime":1054.221,"body":"she was just like, I'll review all 20."},{"startTime":1055.841,"endTime":1058.556,"body":"So it really depends on the person."},{"startTime":1059.606,"endTime":1062.426,"body":"And the expectations that"},{"startTime":1059.606,"endTime":1062.426,"body":"you set when you hire them."},{"startTime":1062.426,"endTime":1067.766,"body":"So I would suggest, there's a couple"},{"startTime":1062.426,"endTime":1067.766,"body":"books that I really suggest reading."},{"startTime":1067.766,"endTime":1070.406,"body":"One of 'em is more around the"},{"startTime":1067.766,"endTime":1070.406,"body":"hiring process, and that's"},{"startTime":1070.406,"endTime":1071.846,"body":"make 'em beg to work for you."},{"startTime":1072.326,"endTime":1078.896,"body":"And then the other one is more around"},{"startTime":1072.326,"endTime":1078.896,"body":"like keeping a pulse on your employees and"},{"startTime":1078.896,"endTime":1080.636,"body":"their growth and all that kind of stuff."},{"startTime":1080.696,"endTime":1083.826,"body":"And that's called Teamwork"},{"startTime":1080.696,"endTime":1083.826,"body":"by Natalie Dawson."},{"startTime":1084.336,"endTime":1084.936,"body":"And then there's."},{"startTime":1085.341,"endTime":1091.021,"body":"Like a podcast that I recommend called"},{"startTime":1085.341,"endTime":1091.021,"body":"stacking Your Team that has a lot of"},{"startTime":1091.021,"endTime":1092.821,"body":"really good leadership stuff in there."},{"startTime":1093.241,"endTime":1096.985,"body":"But yeah, really it comes around to,"},{"startTime":1093.241,"endTime":1096.985,"body":"like, one of the things that I do is"},{"startTime":1096.985,"endTime":1101.845,"body":"when I bring on an employee, I meet with"},{"startTime":1096.985,"endTime":1101.845,"body":"them multiple times in the first week."},{"startTime":1102.235,"endTime":1105.505,"body":"Definitely meet with them on their first"},{"startTime":1102.235,"endTime":1105.505,"body":"day, make sure they're getting everything,"},{"startTime":1105.505,"endTime":1110.005,"body":"like they're getting access to everything,"},{"startTime":1105.505,"endTime":1110.005,"body":"to carve out like a couple hours every"},{"startTime":1110.005,"endTime":1113.905,"body":"day to be helping them gain access to"},{"startTime":1110.005,"endTime":1113.905,"body":"all the systems and learn the systems"},{"startTime":1113.905,"endTime":1117.231,"body":"you're using your, like your project"},{"startTime":1113.905,"endTime":1117.231,"body":"management and all the backend stuff."},{"startTime":1117.351,"endTime":1118.491,"body":"And then."},{"startTime":1119.391,"endTime":1123.364,"body":"After that, you wanna schedule a"},{"startTime":1119.391,"endTime":1123.364,"body":"recurring weekly, one-on-one with your"},{"startTime":1123.364,"endTime":1128.134,"body":"employee to carve out time to answer"},{"startTime":1123.364,"endTime":1128.134,"body":"their questions and co-work with them."},{"startTime":1128.134,"endTime":1131.014,"body":"Scheduling co-working sessions with"},{"startTime":1128.134,"endTime":1131.014,"body":"your employees if you're working"},{"startTime":1131.014,"endTime":1135.064,"body":"virtually is really important to do"},{"startTime":1131.014,"endTime":1135.064,"body":"that at least once a week as well."},{"startTime":1135.559,"endTime":1139.789,"body":"Until they're up to speed and then"},{"startTime":1135.559,"endTime":1139.789,"body":"establish that expectation of, okay, I"},{"startTime":1139.789,"endTime":1145.373,"body":"expect you to be able to take over these"},{"startTime":1139.789,"endTime":1145.373,"body":"clients doing X, Y, z. By month three"},{"startTime":1145.373,"endTime":1147.413,"body":"you should have all of these clients."},{"startTime":1147.663,"endTime":1151.573,"body":"So kind of giving them a plan like"},{"startTime":1147.663,"endTime":1151.573,"body":"that is really important too, so"},{"startTime":1151.573,"endTime":1155.421,"body":"they know what to expect and know if"},{"startTime":1151.573,"endTime":1155.421,"body":"they're meeting expectations, by the"},{"startTime":1155.421,"endTime":1156.921,"body":"time it's their three month review."},{"startTime":1157.551,"endTime":1159.051,"body":"So hopefully that's helpful."},{"startTime":1159.231,"endTime":1160.011,"body":"I'm gonna take a sip."},{"startTime":1160.523,"endTime":1161.598,"body":"Cheyenne said thank you."},{"startTime":1161.598,"endTime":1162.018,"body":"Good to know."},{"startTime":1162.018,"endTime":1163.518,"body":"I can look into CPEs."},{"startTime":1164.058,"endTime":1166.968,"body":"I have about eight clients that"},{"startTime":1164.058,"endTime":1166.968,"body":"I've taken on after working as"},{"startTime":1166.968,"endTime":1168.018,"body":"a tax preparer for a small firm."},{"startTime":1169.218,"endTime":1172.068,"body":"And then taking on some tax"},{"startTime":1169.218,"endTime":1172.068,"body":"clients who wanted bookkeeping."},{"startTime":1172.458,"endTime":1176.208,"body":"I have some experience now and feel like"},{"startTime":1172.458,"endTime":1176.208,"body":"I've forgotten my college courses and how"},{"startTime":1176.208,"endTime":1178.458,"body":"to implement more to that to my clients."},{"startTime":1178.848,"endTime":1183.378,"body":"You know, it's been like 15 years"},{"startTime":1178.848,"endTime":1183.378,"body":"since I was in college, so I don't"},{"startTime":1183.378,"endTime":1185.238,"body":"remember much from them at this point."},{"startTime":1185.238,"endTime":1190.298,"body":"It's more just hands-on experience and I"},{"startTime":1185.238,"endTime":1190.298,"body":"think you're, you're probably doing okay."},{"startTime":1190.298,"endTime":1192.398,"body":"You're doing better than"},{"startTime":1190.298,"endTime":1192.398,"body":"you think you are, I'm sure."},{"startTime":1193.568,"endTime":1194.228,"body":"Um."},{"startTime":1194.888,"endTime":1195.368,"body":"Yes."},{"startTime":1195.368,"endTime":1196.028,"body":"Kelly."},{"startTime":1196.538,"endTime":1197.348,"body":"Can't wait."},{"startTime":1197.948,"endTime":1198.518,"body":"Awesome."},{"startTime":1198.698,"endTime":1199.478,"body":"All right."},{"startTime":1199.558,"endTime":1205.759,"body":"Let me pull up some links that I promised"},{"startTime":1199.558,"endTime":1205.759,"body":"yeah, if you're interested in working"},{"startTime":1205.759,"endTime":1211.949,"body":"with ro I. Anyone, just shoot me an"},{"startTime":1205.759,"endTime":1211.949,"body":"email at support@ambitiousbookkeeper.com."},{"startTime":1212.289,"endTime":1218.379,"body":"And I will send you my referral link or"},{"startTime":1212.289,"endTime":1218.379,"body":"refer them to you and they'll reach out."},{"startTime":1218.379,"endTime":1222.834,"body":"I don't exactly know how it works,"},{"startTime":1218.379,"endTime":1222.834,"body":"but since you will have to be meeting"},{"startTime":1222.834,"endTime":1226.584,"body":"with them yeah, I'll send you their"},{"startTime":1222.834,"endTime":1226.584,"body":"contact and all that good stuff."},{"startTime":1226.614,"endTime":1226.644,"body":"Okay."},{"startTime":1227.424,"endTime":1228.464,"body":"Cool, cool."},{"startTime":1228.794,"endTime":1232.664,"body":"Just realized the mess that I"},{"startTime":1228.794,"endTime":1232.664,"body":"have in the back of my background."},{"startTime":1233.024,"endTime":1238.304,"body":"It's been a crazy couple of"},{"startTime":1233.024,"endTime":1238.304,"body":"weeks y'all, with your end and."},{"startTime":1238.754,"endTime":1239.444,"body":"All of that."},{"startTime":1239.474,"endTime":1240.614,"body":"Onboarding a new employee."},{"startTime":1240.614,"endTime":1243.734,"body":"Like I said, I brought on an account"},{"startTime":1240.614,"endTime":1243.734,"body":"manager at the beginning of December,"},{"startTime":1243.734,"endTime":1248.684,"body":"and it has actually made this year end so"},{"startTime":1243.734,"endTime":1248.684,"body":"much easier because I had a second pair"},{"startTime":1248.684,"endTime":1250.574,"body":"of eyes reviewing every single client."},{"startTime":1250.664,"endTime":1254.654,"body":"And then I got to, you know, do my"},{"startTime":1250.664,"endTime":1254.654,"body":"year end review, which I didn't."},{"startTime":1254.654,"endTime":1257.084,"body":"I knew that things had"},{"startTime":1254.654,"endTime":1257.084,"body":"been thoroughly reviewed."},{"startTime":1257.583,"endTime":1259.923,"body":"that was really, really helpful."},{"startTime":1259.973,"endTime":1262.823,"body":"But it's still a lot of extra"},{"startTime":1259.973,"endTime":1262.823,"body":"work at your end, as you may know."},{"startTime":1263.889,"endTime":1266.545,"body":"and if you're watching this"},{"startTime":1263.889,"endTime":1266.545,"body":"and you're like, oh, what"},{"startTime":1266.575,"endTime":1268.135,"body":"should I be doing at year end?"},{"startTime":1268.135,"endTime":1269.065,"body":"I don't even know."},{"startTime":1269.315,"endTime":1272.675,"body":"I have a program that I think is still"},{"startTime":1269.315,"endTime":1272.675,"body":"for sale until the end of this month."},{"startTime":1272.705,"endTime":1273.995,"body":"At the end of January."},{"startTime":1273.995,"endTime":1276.234,"body":"It's called, the Confident"},{"startTime":1273.995,"endTime":1276.234,"body":"Compliance Bundle."},{"startTime":1276.234,"endTime":1277.284,"body":"And inside of that."},{"startTime":1277.289,"endTime":1281.169,"body":"I have a workshop on sales"},{"startTime":1277.289,"endTime":1281.169,"body":"tax, a workshop on 10 90 nines."},{"startTime":1281.199,"endTime":1286.449,"body":"And I have my year end workshop where"},{"startTime":1281.199,"endTime":1286.449,"body":"I cover exactly how we put together our"},{"startTime":1286.449,"endTime":1290.319,"body":"year end tax package, a Canva presentation"},{"startTime":1286.449,"endTime":1290.319,"body":"that we do for all of our clients."},{"startTime":1290.679,"endTime":1294.139,"body":"Although this year I'm kind of changing"},{"startTime":1290.679,"endTime":1294.139,"body":"it up I don't think I'm gonna be doing"},{"startTime":1294.169,"endTime":1296.389,"body":"a Canva presentation for everybody."},{"startTime":1296.389,"endTime":1301.519,"body":"I'm gonna be doing more of like a Canva"},{"startTime":1296.389,"endTime":1301.519,"body":"graphic summary that I send to them"},{"startTime":1301.519,"endTime":1305.879,"body":"in an email, kind of like, kinda like"},{"startTime":1301.519,"endTime":1305.879,"body":"Spotify wrapped, but for their business"},{"startTime":1305.879,"endTime":1310.049,"body":"to make it a little more instead of them"},{"startTime":1305.879,"endTime":1310.049,"body":"watching a loom video with a whole slide"},{"startTime":1310.049,"endTime":1311.549,"body":"presentation and we'll see how it goes."},{"startTime":1313.102,"endTime":1314.002,"body":"All right."},{"startTime":1314.19,"endTime":1317.55,"body":"Kelly says, how would you"},{"startTime":1314.19,"endTime":1317.55,"body":"price a small startup hourly?"},{"startTime":1318.06,"endTime":1323.13,"body":"Yeah, honestly, I've done some different"},{"startTime":1318.06,"endTime":1323.13,"body":"things with startups in the past that I"},{"startTime":1323.13,"endTime":1328.32,"body":"probably wouldn't suggest people do unless"},{"startTime":1323.13,"endTime":1328.32,"body":"you really wanna have skin in the game."},{"startTime":1328.32,"endTime":1332.82,"body":"But one of the startups that I worked"},{"startTime":1328.32,"endTime":1332.82,"body":"with at one point, I actually kind of"},{"startTime":1332.94,"endTime":1338.16,"body":"worked for, for free based on like a"},{"startTime":1332.94,"endTime":1338.16,"body":"revenue share agreement for when they"},{"startTime":1338.16,"endTime":1343.1,"body":"started making revenue and, it just,"},{"startTime":1338.16,"endTime":1343.1,"body":"it didn't work out for various reasons."},{"startTime":1343.1,"endTime":1346.4,"body":"I ended up parting ways with them before"},{"startTime":1343.1,"endTime":1346.4,"body":"they really started making a lot of money."},{"startTime":1346.4,"endTime":1349.01,"body":"So I did not recoup all"},{"startTime":1346.4,"endTime":1349.01,"body":"the time that I put in."},{"startTime":1350.51,"endTime":1355.76,"body":"Um, I also have done trades and things"},{"startTime":1350.51,"endTime":1355.76,"body":"like that, but I, I found for myself"},{"startTime":1356.21,"endTime":1359.78,"body":"the best exchange of energy is money."},{"startTime":1360.17,"endTime":1365.66,"body":"And so yes, I would suggest doing"},{"startTime":1360.17,"endTime":1365.66,"body":"an hourly pricing agreement and."},{"startTime":1365.965,"endTime":1370.905,"body":"Not discounting too much because"},{"startTime":1365.965,"endTime":1370.905,"body":"that just builds resentment and"},{"startTime":1371.175,"endTime":1372.735,"body":"then they tend to be more difficult."},{"startTime":1372.735,"endTime":1373.815,"body":"The lower you price them."},{"startTime":1375.161,"endTime":1378.671,"body":"So yes, thank you for"},{"startTime":1375.161,"endTime":1378.671,"body":"asking that question."},{"startTime":1380.349,"endTime":1383.409,"body":"Um, alright, Carolyn said, hi, Serena."},{"startTime":1383.409,"endTime":1385.479,"body":"Have you ever worked with"},{"startTime":1383.409,"endTime":1385.479,"body":"Profit First clients?"},{"startTime":1385.479,"endTime":1388.149,"body":"If yes, do you reconcile the"},{"startTime":1385.479,"endTime":1388.149,"body":"expenses to ensure they were"},{"startTime":1388.149,"endTime":1389.409,"body":"paid from the right account?"},{"startTime":1389.859,"endTime":1393.249,"body":"I have a client that wants me to track"},{"startTime":1389.859,"endTime":1393.249,"body":"it, so I'm essentially reconciling twice"},{"startTime":1393.249,"endTime":1395.319,"body":"to the bank balance and to the expenses."},{"startTime":1395.649,"endTime":1396.039,"body":"Okay."},{"startTime":1396.039,"endTime":1401.199,"body":"I'm curious honestly what you mean"},{"startTime":1396.039,"endTime":1401.199,"body":"by reconciling to the expenses."},{"startTime":1401.629,"endTime":1405.859,"body":"Because yes, I do work with clients"},{"startTime":1401.629,"endTime":1405.859,"body":"who practice Profit First and we"},{"startTime":1405.859,"endTime":1407.269,"body":"do reconcile every bank account."},{"startTime":1408.169,"endTime":1409.789,"body":"Pretty much every month"},{"startTime":1408.169,"endTime":1409.789,"body":"unless there's no activity."},{"startTime":1409.789,"endTime":1413.069,"body":"And some of 'em, we, we reconcile"},{"startTime":1409.789,"endTime":1413.069,"body":"quarterly with the low activity"},{"startTime":1413.115,"endTime":1417.075,"body":"accounts, but we're still categorizing"},{"startTime":1413.115,"endTime":1417.075,"body":"everything in all of those accounts every"},{"startTime":1417.075,"endTime":1418.725,"body":"month through the bookkeeping system."},{"startTime":1418.725,"endTime":1423.175,"body":"So you're recording all the expenses if"},{"startTime":1418.725,"endTime":1423.175,"body":"you want to charge extra because they"},{"startTime":1423.175,"endTime":1427.015,"body":"have lots of bank accounts, yes, you"},{"startTime":1423.175,"endTime":1427.015,"body":"should do that because it is extra work."},{"startTime":1427.505,"endTime":1431.735,"body":"Yeah, I would definitely charge more"},{"startTime":1427.505,"endTime":1431.735,"body":"based on however many accounts they"},{"startTime":1431.735,"endTime":1433.715,"body":"have and how much activity are in each."},{"startTime":1433.995,"endTime":1437.125,"body":"It sounds like maybe you're"},{"startTime":1433.995,"endTime":1437.125,"body":"doing something from a"},{"startTime":1437.125,"endTime":1438.985,"body":"spreadsheet for them as well."},{"startTime":1439.225,"endTime":1442.195,"body":"They want to make sure the opex items"},{"startTime":1439.225,"endTime":1442.195,"body":"are paid from the opex accounts."},{"startTime":1442.195,"endTime":1444.445,"body":"Sometimes they accidentally pay"},{"startTime":1442.195,"endTime":1444.445,"body":"from their sales and marketing"},{"startTime":1444.445,"endTime":1445.795,"body":"account or somewhere else."},{"startTime":1445.983,"endTime":1446.738,"body":"that's on them."},{"startTime":1447.183,"endTime":1447.723,"body":"Okay."},{"startTime":1447.723,"endTime":1450.633,"body":"I would not be tracking that"},{"startTime":1447.723,"endTime":1450.633,"body":"separately, I would say."},{"startTime":1451.428,"endTime":1454.968,"body":"Like what you can do is since you're"},{"startTime":1451.428,"endTime":1454.968,"body":"categorizing everything in the bank"},{"startTime":1454.968,"endTime":1458.79,"body":"feeds, you're marking things when"},{"startTime":1454.968,"endTime":1458.79,"body":"they're reconciled, you're keeping"},{"startTime":1458.79,"endTime":1460.26,"body":"track of the operating expenses."},{"startTime":1460.26,"endTime":1463.14,"body":"If they wanna see that, they can look"},{"startTime":1460.26,"endTime":1463.14,"body":"at the p and l. That's what that's for."},{"startTime":1463.65,"endTime":1466.23,"body":"If they wanna know if they're"},{"startTime":1463.65,"endTime":1466.23,"body":"paying from the correct accounts"},{"startTime":1466.23,"endTime":1467.49,"body":"or not, you can give them."},{"startTime":1468.225,"endTime":1473.055,"body":"An export every month of the activity"},{"startTime":1468.225,"endTime":1473.055,"body":"that happened in their income and their"},{"startTime":1473.265,"endTime":1477.225,"body":"sales accounts and whatever other accounts"},{"startTime":1473.265,"endTime":1477.225,"body":"they're accidentally paying from and show"},{"startTime":1477.225,"endTime":1479.325,"body":"them and then let them go and correct it."},{"startTime":1479.325,"endTime":1480.855,"body":"But that's as far as I would go."},{"startTime":1480.855,"endTime":1481.425,"body":"Honestly."},{"startTime":1481.635,"endTime":1483.495,"body":"I would not be tracking it separately."},{"startTime":1483.845,"endTime":1486.392,"body":"I would just rely on what's"},{"startTime":1483.845,"endTime":1486.392,"body":"happening in your accounting"},{"startTime":1486.392,"endTime":1488.132,"body":"system, whether it's QBO or zero."},{"startTime":1488.627,"endTime":1492.977,"body":"Or something else, just give them an"},{"startTime":1488.627,"endTime":1492.977,"body":"export of the activity in that account and"},{"startTime":1492.977,"endTime":1496.427,"body":"show them like these are all the expenses"},{"startTime":1492.977,"endTime":1496.427,"body":"that were paid out of this account."},{"startTime":1496.937,"endTime":1499.847,"body":"You go fix it and fix your transfers."},{"startTime":1499.847,"endTime":1503.717,"body":"What I'm doing is focusing on reconciling"},{"startTime":1499.847,"endTime":1503.717,"body":"each bank account and categorizing things."},{"startTime":1503.717,"endTime":1507.047,"body":"And if you wanna see a true picture"},{"startTime":1503.717,"endTime":1507.047,"body":"of your operating expenses, here's"},{"startTime":1507.107,"endTime":1512.087,"body":"the p and l. even though some of"},{"startTime":1507.107,"endTime":1512.087,"body":"our clients use Profit First, I even"},{"startTime":1512.087,"endTime":1515.507,"body":"use it on my business to just keep."},{"startTime":1516.182,"endTime":1520.352,"body":"Like track of having certain"},{"startTime":1516.182,"endTime":1520.352,"body":"buckets for different things."},{"startTime":1520.442,"endTime":1521.462,"body":"I don't go overboard."},{"startTime":1521.462,"endTime":1522.692,"body":"I don't have like 10 accounts."},{"startTime":1522.692,"endTime":1524.312,"body":"I have the five and that's it."},{"startTime":1524.622,"endTime":1529.402,"body":"I mainly use it as a way to just"},{"startTime":1524.622,"endTime":1529.402,"body":"like set aside profit and taxes."},{"startTime":1529.942,"endTime":1534.112,"body":"I always encourage the clients to"},{"startTime":1529.942,"endTime":1534.112,"body":"still look at the reports that we're"},{"startTime":1534.112,"endTime":1538.799,"body":"giving you and, here's your operating"},{"startTime":1534.112,"endTime":1538.799,"body":"expenses and like all of that because"},{"startTime":1538.829,"endTime":1540.569,"body":"that's what they should be doing."},{"startTime":1540.599,"endTime":1544.859,"body":"Profit versus really designed for"},{"startTime":1540.599,"endTime":1544.859,"body":"someone who is either not keeping"},{"startTime":1544.859,"endTime":1548.009,"body":"books or not looking at their reports."},{"startTime":1548.099,"endTime":1554.309,"body":"So we always work to encourage our clients"},{"startTime":1548.099,"endTime":1554.309,"body":"to really look at the reports and we."},{"startTime":1554.759,"endTime":1558.459,"body":"Do things to help them understand it"},{"startTime":1554.759,"endTime":1558.459,"body":"so that they're not relying on their"},{"startTime":1558.459,"endTime":1559.869,"body":"bank accounts to run their business."},{"startTime":1560.898,"endTime":1561.228,"body":"Yep."},{"startTime":1561.258,"endTime":1564.708,"body":"Sounds like this client wants"},{"startTime":1561.258,"endTime":1564.708,"body":"more handholding, so I'm just"},{"startTime":1564.828,"endTime":1567.378,"body":"justified in charging more"},{"startTime":1564.828,"endTime":1567.378,"body":"based on the time I'm spending."},{"startTime":1567.378,"endTime":1568.428,"body":"Yes, absolutely."},{"startTime":1568.428,"endTime":1570.735,"body":"And I would just sit them down"},{"startTime":1568.428,"endTime":1570.735,"body":"and be like, look, it looks like"},{"startTime":1570.735,"endTime":1572.085,"body":"this is what you're asking for."},{"startTime":1572.085,"endTime":1573.585,"body":"This is what I can do."},{"startTime":1573.955,"endTime":1576.145,"body":"But if this is what you want, this is."},{"startTime":1576.46,"endTime":1579.79,"body":"Profit First consulting, and"},{"startTime":1576.46,"endTime":1579.79,"body":"that's gonna be an extra, you"},{"startTime":1579.79,"endTime":1581.26,"body":"know, three or $400 a month."},{"startTime":1581.5,"endTime":1584.14,"body":"That'll probably get them to"},{"startTime":1581.5,"endTime":1584.14,"body":"fix their issues on their own"},{"startTime":1584.68,"endTime":1585.7,"body":"if they don't wanna pay that."},{"startTime":1585.7,"endTime":1587.47,"body":"But if they're willing to"},{"startTime":1585.7,"endTime":1587.47,"body":"pay it and you're willing to"},{"startTime":1587.47,"endTime":1589.24,"body":"do the work, then so be it."},{"startTime":1589.24,"endTime":1590.17,"body":"Just charge extra."},{"startTime":1591.64,"endTime":1595.0,"body":"Michael says, how do you prefer to handle"},{"startTime":1591.64,"endTime":1595.0,"body":"assets in your accounting software?"},{"startTime":1595.0,"endTime":1597.73,"body":"Example one lump total,"},{"startTime":1595.0,"endTime":1597.73,"body":"one per asset, et cetera."},{"startTime":1597.73,"endTime":1600.28,"body":"And how do you flag assets throughout"},{"startTime":1597.73,"endTime":1600.28,"body":"the year to make sure they get passed"},{"startTime":1600.28,"endTime":1602.44,"body":"along to tax filer with relevant details?"},{"startTime":1602.47,"endTime":1603.67,"body":"Ooh, that's such a good question."},{"startTime":1603.7,"endTime":1607.203,"body":"Okay, so Most of our clients are"},{"startTime":1603.7,"endTime":1607.203,"body":"online businesses, and so the"},{"startTime":1607.203,"endTime":1611.133,"body":"only assets they have are like a"},{"startTime":1607.203,"endTime":1611.133,"body":"computer, maybe some office furniture."},{"startTime":1611.253,"endTime":1616.773,"body":"And so what we do is we record things"},{"startTime":1611.253,"endTime":1616.773,"body":"as they come through the bank account."},{"startTime":1616.773,"endTime":1620.433,"body":"So if they purchase something from"},{"startTime":1616.773,"endTime":1620.433,"body":"ikea, that's a thousand dollars."},{"startTime":1620.433,"endTime":1624.153,"body":"Also, we set a threshold for most"},{"startTime":1620.433,"endTime":1624.153,"body":"clients, it's at a thousand dollars."},{"startTime":1624.153,"endTime":1626.943,"body":"So we don't put anything in fixed"},{"startTime":1624.153,"endTime":1626.943,"body":"assets unless it's over that."},{"startTime":1627.423,"endTime":1631.713,"body":"So say we see a transaction to Ikea for"},{"startTime":1627.423,"endTime":1631.713,"body":"a thousand dollars, we're gonna flag"},{"startTime":1631.713,"endTime":1635.223,"body":"that and we're gonna go and ask if the"},{"startTime":1631.713,"endTime":1635.223,"body":"client hasn't submitted that receipt to"},{"startTime":1635.223,"endTime":1639.633,"body":"Hubdoc, we're gonna ask for it and so"},{"startTime":1635.223,"endTime":1639.633,"body":"that it's attached to the transaction."},{"startTime":1639.633,"endTime":1643.893,"body":"And then we can have the detail of"},{"startTime":1639.633,"endTime":1643.893,"body":"like what that asset is and then."},{"startTime":1644.423,"endTime":1646.823,"body":"For a couple of our clients,"},{"startTime":1644.423,"endTime":1646.823,"body":"they actually have storefronts."},{"startTime":1646.823,"endTime":1648.443,"body":"So they have a lot more fixed assets."},{"startTime":1648.443,"endTime":1651.773,"body":"They have shelving, they have buildings,"},{"startTime":1648.443,"endTime":1651.773,"body":"they have all the stuff, right?"},{"startTime":1651.863,"endTime":1655.579,"body":"And so we utilize the fixed"},{"startTime":1651.863,"endTime":1655.579,"body":"asset module inside of Xero."},{"startTime":1655.609,"endTime":1658.529,"body":"And so the way that that works"},{"startTime":1655.609,"endTime":1658.529,"body":"is when you turn that on."},{"startTime":1659.054,"endTime":1662.354,"body":"when you have it linked to the"},{"startTime":1659.054,"endTime":1662.354,"body":"various fixed asset GL accounts,"},{"startTime":1662.354,"endTime":1665.384,"body":"like we have one for computers, we"},{"startTime":1662.354,"endTime":1665.384,"body":"have one for furniture and fixtures."},{"startTime":1665.594,"endTime":1667.364,"body":"We have one for buildings and land."},{"startTime":1667.694,"endTime":1671.414,"body":"When anything hits any of those"},{"startTime":1667.694,"endTime":1671.414,"body":"accounts, it automatically triggers this."},{"startTime":1671.444,"endTime":1674.799,"body":"Asset detection in the fixed"},{"startTime":1671.444,"endTime":1674.799,"body":"assets module, and so it puts it in"},{"startTime":1674.799,"endTime":1676.749,"body":"draft and then we can review that."},{"startTime":1676.749,"endTime":1680.381,"body":"We can add details to it, look at"},{"startTime":1676.749,"endTime":1680.381,"body":"the bill that the receipt or the"},{"startTime":1680.381,"endTime":1683.201,"body":"bill that came through with it"},{"startTime":1680.381,"endTime":1683.201,"body":"and add more details around serial"},{"startTime":1683.201,"endTime":1684.581,"body":"numbers and all that kind of stuff."},{"startTime":1684.611,"endTime":1689.021,"body":"And then at the end of the year, we"},{"startTime":1684.611,"endTime":1689.021,"body":"export that listing to the client and"},{"startTime":1689.021,"endTime":1692.584,"body":"ask them to review it and make sure"},{"startTime":1689.021,"endTime":1692.584,"body":"they have all of these assets still."},{"startTime":1693.154,"endTime":1695.764,"body":"If there's anything that needs to"},{"startTime":1693.154,"endTime":1695.764,"body":"be disposed of, that's a process"},{"startTime":1695.764,"endTime":1699.394,"body":"that you need to incorporate,"},{"startTime":1695.764,"endTime":1699.394,"body":"especially for the clients that do"},{"startTime":1699.394,"endTime":1702.514,"body":"have a physical location and have"},{"startTime":1699.394,"endTime":1702.514,"body":"property tax that needs to be filed."},{"startTime":1702.514,"endTime":1704.254,"body":"That's something that"},{"startTime":1702.514,"endTime":1704.254,"body":"we do for our clients."},{"startTime":1704.254,"endTime":1707.104,"body":"And so we're going through this process"},{"startTime":1704.254,"endTime":1707.104,"body":"right now with a couple clients,"},{"startTime":1707.134,"endTime":1710.794,"body":"having them review their fixed assets"},{"startTime":1707.134,"endTime":1710.794,"body":"listing, telling us which items"},{"startTime":1710.794,"endTime":1712.354,"body":"they've either sold or gotten rid of."},{"startTime":1713.014,"endTime":1715.093,"body":"One of our clients  was"},{"startTime":1713.014,"endTime":1715.093,"body":"in hurricane Helene."},{"startTime":1715.093,"endTime":1718.843,"body":"And so they had some damaged stuff"},{"startTime":1715.093,"endTime":1718.843,"body":"that we were potentially going to need"},{"startTime":1718.843,"endTime":1720.853,"body":"to be removing from their listing."},{"startTime":1721.303,"endTime":1724.09,"body":"And then at year end, that's"},{"startTime":1721.303,"endTime":1724.09,"body":"part of our, tax package."},{"startTime":1724.09,"endTime":1729.058,"body":"We send a gl detail of, of all the fixed"},{"startTime":1724.09,"endTime":1729.058,"body":"assets that have been added in the year."},{"startTime":1729.468,"endTime":1731.263,"body":"And we include that"},{"startTime":1729.468,"endTime":1731.263,"body":"for their tax preparer."},{"startTime":1732.243,"endTime":1734.313,"body":"Yeah, that's pretty much the process."},{"startTime":1734.84,"endTime":1736.43,"body":"Hopefully that answers your question."},{"startTime":1736.43,"endTime":1739.13,"body":"Michael, I'm not sure if"},{"startTime":1736.43,"endTime":1739.13,"body":"you're using zero or QBO."},{"startTime":1739.43,"endTime":1742.01,"body":"I really love the fixed"},{"startTime":1739.43,"endTime":1742.01,"body":"assets module on QBO."},{"startTime":1742.19,"endTime":1746.357,"body":"And then the other piece of that is"},{"startTime":1742.19,"endTime":1746.357,"body":"if clients do have fixed assets, we"},{"startTime":1746.357,"endTime":1750.347,"body":"make sure that after taxes are filed,"},{"startTime":1746.357,"endTime":1750.347,"body":"we get a copy of that depreciation"},{"startTime":1750.347,"endTime":1752.717,"body":"schedule so we can record depreciation."},{"startTime":1753.267,"endTime":1756.777,"body":"Jennifer says, how could we make"},{"startTime":1753.267,"endTime":1756.777,"body":"ourselves known as freelance option"},{"startTime":1756.777,"endTime":1760.287,"body":"for busier bookkeepers if you're in the"},{"startTime":1756.777,"endTime":1760.287,"body":"ambitious bookkeeper community or in"},{"startTime":1760.287,"endTime":1764.424,"body":"the BBA group post there first because"},{"startTime":1760.287,"endTime":1764.424,"body":"there's always people that are bringing"},{"startTime":1764.424,"endTime":1766.554,"body":"on more clients and need extra support."},{"startTime":1766.894,"endTime":1768.244,"body":"So that's a good place to start."},{"startTime":1768.244,"endTime":1771.274,"body":"Another place is inside of"},{"startTime":1768.244,"endTime":1771.274,"body":"the bookkeeping side hustle."},{"startTime":1771.274,"endTime":1774.924,"body":"People will post, part-time or"},{"startTime":1771.274,"endTime":1774.924,"body":"contract positions in there."},{"startTime":1775.494,"endTime":1778.794,"body":"And then yeah, I would start"},{"startTime":1775.494,"endTime":1778.794,"body":"with those two places for sure."},{"startTime":1780.279,"endTime":1783.309,"body":"Ally says, when a client uploads"},{"startTime":1780.279,"endTime":1783.309,"body":"their receipt to Hubdoc, does"},{"startTime":1783.309,"endTime":1786.009,"body":"it get automatically attached to"},{"startTime":1783.309,"endTime":1786.009,"body":"the transaction in the zero feed?"},{"startTime":1786.009,"endTime":1786.789,"body":"Yes, it does."},{"startTime":1787.149,"endTime":1790.839,"body":"So the way that we process everything,"},{"startTime":1787.149,"endTime":1790.839,"body":"because a lot of our clients have"},{"startTime":1790.839,"endTime":1794.109,"body":"different bank accounts that they pay"},{"startTime":1790.839,"endTime":1794.109,"body":"things from, like either a credit card or"},{"startTime":1794.109,"endTime":1797.649,"body":"whatever, and we don't wanna have to spend"},{"startTime":1794.109,"endTime":1797.649,"body":"the extra time looking at the receipt to"},{"startTime":1797.649,"endTime":1801.069,"body":"figure out which account it came from,"},{"startTime":1797.649,"endTime":1801.069,"body":"which debit card was used, yada, yada."},{"startTime":1801.369,"endTime":1804.789,"body":"So we process everything as a bill,"},{"startTime":1801.369,"endTime":1804.789,"body":"which means that we have to put"},{"startTime":1804.789,"endTime":1808.029,"body":"them on a different plan in zero"},{"startTime":1804.789,"endTime":1808.029,"body":"so that they can have more bills."},{"startTime":1808.464,"endTime":1811.554,"body":"And then when that transaction"},{"startTime":1808.464,"endTime":1811.554,"body":"comes through the bank feed, it"},{"startTime":1811.554,"endTime":1815.154,"body":"automatically detects that bill"},{"startTime":1811.554,"endTime":1815.154,"body":"and the receipt is attached."},{"startTime":1815.654,"endTime":1817.754,"body":"Bryce says, recommendations for laptops."},{"startTime":1817.754,"endTime":1819.824,"body":"Do you have Microsoft Office or Google?"},{"startTime":1819.834,"endTime":1821.878,"body":"we use Google workspace for everything."},{"startTime":1821.878,"endTime":1827.788,"body":"And we use MacBooks, and I know it"},{"startTime":1821.878,"endTime":1827.788,"body":"sounds a little bit bougie, but I made"},{"startTime":1827.788,"endTime":1829.978,"body":"that decision based on a couple factors."},{"startTime":1830.388,"endTime":1834.048,"body":"Number one, we won't have to"},{"startTime":1830.388,"endTime":1834.048,"body":"replace the computers as often."},{"startTime":1834.048,"endTime":1839.118,"body":"Like I'm still using my MacBook Pro from"},{"startTime":1834.048,"endTime":1839.118,"body":"2020 and it's still going strong, so."},{"startTime":1839.868,"endTime":1843.678,"body":"Ultimately, like yes, they're more"},{"startTime":1839.868,"endTime":1843.678,"body":"expensive upfront, but they last longer."},{"startTime":1843.678,"endTime":1847.428,"body":"So I'm not having to send people new"},{"startTime":1843.678,"endTime":1847.428,"body":"computers or replace things as often."},{"startTime":1847.638,"endTime":1849.588,"body":"Number two is the security is better."},{"startTime":1849.588,"endTime":1851.718,"body":"It's really hard to hack a MacBook."},{"startTime":1852.058,"endTime":1855.238,"body":"take my advice with a grain of salt,"},{"startTime":1852.058,"endTime":1855.238,"body":"but ultimately it saves us money."},{"startTime":1855.778,"endTime":1861.568,"body":"And then I use something called Apple"},{"startTime":1855.778,"endTime":1861.568,"body":"Business Solutions where I can control,"},{"startTime":1861.568,"endTime":1863.993,"body":"like when I. Bring on a team member."},{"startTime":1863.993,"endTime":1869.063,"body":"I can purchase their MacBook through Apple"},{"startTime":1863.993,"endTime":1869.063,"body":"Business, have it linked to my company,"},{"startTime":1869.063,"endTime":1873.893,"body":"and I can provision apps and I can lock"},{"startTime":1869.063,"endTime":1873.893,"body":"down the computer if something like."},{"startTime":1874.282,"endTime":1877.702,"body":"if the employee leaves, I can wipe"},{"startTime":1874.282,"endTime":1877.702,"body":"it and all the things remotely."},{"startTime":1878.002,"endTime":1881.092,"body":"So, and that's like $20"},{"startTime":1878.002,"endTime":1881.092,"body":"a month or something."},{"startTime":1881.122,"endTime":1884.962,"body":"It's a per employee fee"},{"startTime":1881.122,"endTime":1884.962,"body":"of maybe like 10 or $15."},{"startTime":1884.962,"endTime":1886.432,"body":"So it's definitely worth it."},{"startTime":1886.922,"endTime":1890.94,"body":"And just for me, the peace of mind and"},{"startTime":1886.922,"endTime":1890.94,"body":"the security is mostly why I did it."},{"startTime":1890.94,"endTime":1894.75,"body":"And then the third reason is because"},{"startTime":1890.94,"endTime":1894.75,"body":"they're just really nice machines."},{"startTime":1895.38,"endTime":1896.34,"body":"The tools matter."},{"startTime":1896.457,"endTime":1898.283,"body":"I really appreciate, how."},{"startTime":1898.568,"endTime":1899.858,"body":"It just seamless."},{"startTime":1899.858,"endTime":1905.528,"body":"Everything works on my MacBook,"},{"startTime":1899.858,"endTime":1905.528,"body":"so any who I know that's a tech"},{"startTime":1905.528,"endTime":1907.898,"body":"is always a debate between people."},{"startTime":1907.898,"endTime":1909.068,"body":"But yeah."},{"startTime":1909.468,"endTime":1912.378,"body":"Is BBAA good option even if"},{"startTime":1909.468,"endTime":1912.378,"body":"most of my clients are in QBO?"},{"startTime":1912.378,"endTime":1913.398,"body":"Yes, absolutely."},{"startTime":1913.458,"endTime":1918.256,"body":"Uh, nothing is, everything in BBAI"},{"startTime":1913.458,"endTime":1918.256,"body":"actually demo a lot of stuff in QBO"},{"startTime":1918.256,"endTime":1922.516,"body":"because I know that it's like you're"},{"startTime":1918.256,"endTime":1922.516,"body":"gonna come across QBO stuff, but I"},{"startTime":1922.516,"endTime":1926.896,"body":"also demo things in Xero, but most"},{"startTime":1922.516,"endTime":1926.896,"body":"of the QBO content, the curriculum."},{"startTime":1927.541,"endTime":1929.161,"body":"Is system agnostic."},{"startTime":1929.161,"endTime":1931.981,"body":"So it doesn't matter what bookkeeping"},{"startTime":1929.161,"endTime":1931.981,"body":"system you're using with your"},{"startTime":1931.981,"endTime":1937.411,"body":"clients it's more around the"},{"startTime":1931.981,"endTime":1937.411,"body":"business processes and pricing and"},{"startTime":1937.411,"endTime":1938.791,"body":"marketing and things like that."},{"startTime":1938.851,"endTime":1943.033,"body":"So, but I do have some bonuses in there"},{"startTime":1938.851,"endTime":1943.033,"body":"where I do demo things and QBO and"},{"startTime":1943.038,"endTime":1948.258,"body":"Xero how to run your own firm's books"},{"startTime":1943.038,"endTime":1948.258,"body":"and client management in both software"},{"startTime":1948.288,"endTime":1950.268,"body":"QBO and zero, if that makes sense."},{"startTime":1950.358,"endTime":1952.843,"body":"So if you have clients"},{"startTime":1950.358,"endTime":1952.843,"body":"across both softwares."},{"startTime":1953.4,"endTime":1957.016,"body":"I did that for a long"},{"startTime":1953.4,"endTime":1957.016,"body":"time and it was okay."},{"startTime":1957.016,"endTime":1960.286,"body":"Like you'll definitely be more efficient"},{"startTime":1957.016,"endTime":1960.286,"body":"if you have all your clients on one"},{"startTime":1960.286,"endTime":1963.316,"body":"system because you're not toggling"},{"startTime":1960.286,"endTime":1963.316,"body":"back and forth between softwares."},{"startTime":1963.615,"endTime":1964.905,"body":"that's something to consider."},{"startTime":1965.123,"endTime":1968.693,"body":"Your own firm books, I would decide"},{"startTime":1965.123,"endTime":1968.693,"body":"which system you prefer and which"},{"startTime":1968.693,"endTime":1971.783,"body":"system ultimately in the long run"},{"startTime":1968.693,"endTime":1971.783,"body":"you're going to be doing with your"},{"startTime":1971.783,"endTime":1973.583,"body":"clients and put your own books on that."},{"startTime":1973.583,"endTime":1977.363,"body":"So for me, I knew from the beginning I"},{"startTime":1973.583,"endTime":1977.363,"body":"was going to, even though I was taking"},{"startTime":1977.363,"endTime":1982.253,"body":"clients on QBO and Xero, I knew ultimately"},{"startTime":1977.363,"endTime":1982.253,"body":"my end goal was to have everybody on Xero."},{"startTime":1982.373,"endTime":1988.283,"body":"And so I put my own company books on Xero"},{"startTime":1982.373,"endTime":1988.283,"body":"so that I could learn it better and also."},{"startTime":1988.503,"endTime":1991.683,"body":"So that would be, it would be in the"},{"startTime":1988.503,"endTime":1991.683,"body":"same place as the rest of my clients."},{"startTime":1991.953,"endTime":1995.343,"body":"So when you become a zero partner"},{"startTime":1991.953,"endTime":1995.343,"body":"or a QBO Pro advisor, you get"},{"startTime":1995.343,"endTime":1996.843,"body":"a free account for yourself."},{"startTime":1996.893,"endTime":1999.609,"body":"So utilize that and just"},{"startTime":1996.893,"endTime":1999.609,"body":"choose which one you wanna do."},{"startTime":2000.119,"endTime":2004.049,"body":"You can even keep the books parallel"},{"startTime":2000.119,"endTime":2004.049,"body":"in both for a while to decide"},{"startTime":2004.049,"endTime":2005.849,"body":"which one you wanna use ultimately."},{"startTime":2006.299,"endTime":2008.849,"body":"Link them both up to your bank"},{"startTime":2006.299,"endTime":2008.849,"body":"accounts and all that good stuff."},{"startTime":2008.88,"endTime":2009.66,"body":"just to see."},{"startTime":2009.95,"endTime":2011.852,"body":"but yeah, that's my"},{"startTime":2009.95,"endTime":2011.852,"body":"recommendation on that."},{"startTime":2012.422,"endTime":2016.532,"body":"Kelly says, well, Hubdoc allow more than"},{"startTime":2012.422,"endTime":2016.532,"body":"one piece of documentation for an expense."},{"startTime":2016.532,"endTime":2019.952,"body":"For example, if a reimbursement has"},{"startTime":2016.532,"endTime":2019.952,"body":"a receipt and a reimbursement form"},{"startTime":2020.342,"endTime":2023.342,"body":"not unless it comes in as one upload."},{"startTime":2023.552,"endTime":2029.012,"body":"So what I usually do in those instances"},{"startTime":2023.552,"endTime":2029.012,"body":"where I wanna attach multiple things is."},{"startTime":2030.304,"endTime":2032.819,"body":"I don't know if you can do this"},{"startTime":2030.304,"endTime":2032.819,"body":"in QBO, but in Xero there's"},{"startTime":2032.819,"endTime":2034.199,"body":"something called zero files."},{"startTime":2034.199,"endTime":2039.728,"body":"And so you can push it just to zero as a"},{"startTime":2034.199,"endTime":2039.728,"body":"file in Cub Doc, or you can just download"},{"startTime":2039.728,"endTime":2044.258,"body":"it and then upload it to the transaction"},{"startTime":2039.728,"endTime":2044.258,"body":"in Xero, like as another attachment."},{"startTime":2044.258,"endTime":2048.068,"body":"So that would probably be"},{"startTime":2044.258,"endTime":2048.068,"body":"what you have to do in QBO."},{"startTime":2048.668,"endTime":2050.828,"body":"So hopefully that helps"},{"startTime":2048.668,"endTime":2050.828,"body":"answer your question."},{"startTime":2051.378,"endTime":2054.648,"body":"Bryce says, since you use Google,"},{"startTime":2051.378,"endTime":2054.648,"body":"are you still ab able to export"},{"startTime":2054.648,"endTime":2056.538,"body":"reports to Excel or Google Sheets?"},{"startTime":2056.538,"endTime":2060.348,"body":"Yes, so you can open Excel"},{"startTime":2056.538,"endTime":2060.348,"body":"files in Google Sheets."},{"startTime":2060.375,"endTime":2064.583,"body":"I also still have Excel on my computer,"},{"startTime":2060.375,"endTime":2064.583,"body":"on my machine because I just prefer the"},{"startTime":2064.583,"endTime":2068.963,"body":"functionality of that better than Google"},{"startTime":2064.583,"endTime":2068.963,"body":"Sheets for when I have to manipulate data."},{"startTime":2069.293,"endTime":2072.839,"body":"But across the board, when we send"},{"startTime":2069.293,"endTime":2072.839,"body":"financials to clients, we download"},{"startTime":2072.839,"endTime":2075.624,"body":"them as a PDF and as a Google"},{"startTime":2072.839,"endTime":2075.624,"body":"sheet and put them in their drive."},{"startTime":2075.984,"endTime":2078.294,"body":"Because most of our"},{"startTime":2075.984,"endTime":2078.294,"body":"clients also use Google."},{"startTime":2078.614,"endTime":2083.594,"body":"However, when it comes to year end tax"},{"startTime":2078.614,"endTime":2083.594,"body":"packages, I export those into an Excel"},{"startTime":2083.594,"endTime":2086.764,"body":"file because most of the time they're"},{"startTime":2083.594,"endTime":2086.764,"body":"giving those to their tax preparer."},{"startTime":2086.764,"endTime":2089.344,"body":"And tax firms usually prefer Excel."},{"startTime":2089.824,"endTime":2093.484,"body":"So, but you can open either one in both."},{"startTime":2093.544,"endTime":2095.404,"body":"So yeah, I still use both too."},{"startTime":2097.347,"endTime":2098.097,"body":"All right."},{"startTime":2099.287,"endTime":2101.957,"body":"Lots of good questions today , guys."},{"startTime":2101.987,"endTime":2102.257,"body":"Um,"},{"startTime":2102.29,"endTime":2107.551,"body":"So thank you all so much for joining"},{"startTime":2102.29,"endTime":2107.551,"body":"our first live q and a of 2026"}]}