In this episode, we interview Roger Knecht, the president of Universal Accounting. Since 1979, Universal Accounting has helped over 40,000 individuals start and run their own profitable accounting practice. How does one become an accountant? How do you go about setting up your own accounting practice? Roger is here to fill in the details.
Roger also explores the core services of an accounting firm and the role of an accountant in business. Roger shares common mistakes made by young entrepreneurs and provides insights on setting prices for accounting services.
Roger is the author of the book 'Red to Black' which is available for free at https://universalaccounting.com/resource-free-ebooks/
Roger offers a free personal finance course on his website, accessible at https://universalaccounting.com/free-resources/
Key Takeaways:
- The accounting industry is stable and has a growing demand for professionals, especially in small business accounting.
- Becoming an accountant can be relatively easy, with options to pursue a CPA or enrolled agent certification or start as a bookkeeper or tax preparer.
- The core services of an accounting firm include bookkeeping, accounting, tax planning and preparation, and CFO and advisory services.
- Accountants play a crucial role in helping business owners understand their financials and make informed decisions.
- Common mistakes made by young entrepreneurs include delaying working with an accounting professional and not understanding the difference between cash and accrual accounting.
To contact Roger and learn more about Universal Accounting, visit their website or connect with him on LinkedIn. https://www.linkedin.com/in/rogerknecht/