What Your CPA Wants You to Know

102. My Monthly Accounting Routine with Dr. Amanda Thompson of Rooted Physical Therapy

• Episode 102

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Dr. Amanda Thompson shares her experience with the monthly accounting membership program and how it has transformed her business finance management from chaotic Excel spreadsheets to organized QuickBooks mastery.

• Starting a business without business education background creates financial management challenges
• Excel spreadsheets work initially but become problematic as businesses grow
• Computer crashes can destroy financial records when not properly backed up
• QuickBooks provides powerful tools but requires guidance to use effectively
• Monthly accounting meetings create accountability for regular bookkeeping
• Regular reconciliation prevents year-end accounting nightmares
• Professional help managing issues like bank fraud can prevent accounting disasters
• Clean books throughout the year make tax season significantly less stressful
• Monthly accounting program often saves businesses more money than it costs
• Confidence in financial management allows business owners to focus on their expertise
• Tax projections help business owners prepare properly for quarterly estimated payments
• Type A business owners benefit from structured financial management systems



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Speaker 1:

he's able to see what I need to do before the end of the year or quarterly, and I can change what I'm talking about each time I'm making an appointment. It doesn't have to be about the same thing. If we complete it, okay, let's move on to the next one. So I have a list. Sometimes we hit it really fast, sometimes we take a little bit longer, and it's definitely like setting a sign time for me to stay on top of the basics but then being able to hit all the other things that I actually didn't realize I needed help with.

Speaker 2:

Welcome to what your CPA Wants you To Know.

Speaker 3:

Tax and accounting help can be expensive, so we've created this podcast to help guide you through it all and make you feel like you have a CPA in your back pocket.

Speaker 2:

I'm Carson Sands.

Speaker 3:

And I'm Taryn Sands.

Speaker 2:

I'm a CPA with over 10 years of experience helping people start and grow their businesses.

Speaker 3:

And I'm an MBA with a specialization in marketing and entrepreneurship. Taxes suck and we want to make sure you don't pay more than your fair share. Taxes suck and we want to make sure you don't pay more than your fair share.

Speaker 2:

We're here to share everything your CPA wants you to know in a fun and easy to understand way.

Speaker 3:

Let's get started, let's do it. Today we have a exciting episode because it's actually been quite some time since we've had a guest on the podcast. So today we have a guest on the podcast to talk about the monthly accounting membership. So we just had a previous episode all about that, but I thought it would be a really good idea to talk to somebody who's actually in the membership. So I'm excited.

Speaker 3:

Today I have Dr Amanda Thompson on the podcast with me. She's a pelvic floor therapist. She's been in the monthly accounting membership since we started, so she's part of the beta group and that's been about nine months now and we have just been like super excited about how it's been going and about the results and, like we talked about on the previous episode, there's been so many benefits from us as their CPA. But today we want to talk about what she's seen and how it's been working for her from a client view. So I have Amanda here with me and if you want to just introduce yourself and tell us a little bit about your business so we can kind of get a good idea of how this monthly membership works for you. Hello, and thank you for having me again, of course. Thanks for being on the podcast and being willing to talk about accounting.

Speaker 1:

And I always feel like we need to be filmed during this process too, because it's really funny to watch our body language. So I'm Dr Amina Thompson. I am a physical therapist, a local business owner that I started my business in February of 2022. And so I've been through kind of the beginning phases. I followed their book, their what your CPA Wants you To Know About Starting A Business. I was able to kind of go from the groundwork of the beginning of starting a business into this monthly program and I can't wait to chat about the before, the during and the after and expectations for the future.

Speaker 3:

So Amanda's been here since day one when we just tried to. We've just been trying to do our best to help people figure out all this stuff when starting a business, because it's not straightforward anywhere. You can't find it on the IRS website, you can't find it anywhere. So, like she said before, we had a guide first and then that's kind of where you got started. You were able to set everything up from that guide, but then it's like what's next? How do I actually run a business and how do I get my CPA, all the things that they need to do, and how do I have the books that I need for, whether it's banking purposes or for management purposes? All of those things is what you run into once you get past that first initial step. So that's what the monthly accounting program is all about. But I just wanted to ask you first, since you did start nine months ago and you've been in business for quite some time like what were you doing before you started and what did that look like before you moved to the monthly accounting program?

Speaker 1:

So from a business owner perspective and I know a lot of business owners out there don't necessarily go to school to be a business owner I think sometimes they do and they're very intentional about going to school for a business. I did not. I am a clinician by trade and business and entrepreneurship kind of fell in my lap and I took an opportunity and jumped and I had no idea what I was doing. So from a financial standpoint, I used what I was basically using at home, which was what was recommended early on, and so you can either do something as simple as make an Excel document. I had an Excel document with all of my monthly expenses, my ins and outs. I had calculations at the bottom. I basically took what I was using for my personal finances and I made that into my business finances.

Speaker 1:

And about nine months into business or so, that Excel document was not, it was not saved to a cloud. And one day I opened my computer and it was a blue screen. Everybody knows the blue screen means and I panicked and actually we were going on a business retreat when it happened and I finally jumped ship and did I started QuickBooks. Now, if anybody's doing QuickBooks, it is life changing. The trick is is, if you don't know anything about QuickBooks, it's really, really challenging. So I actually made an appointment with y'all and got all spent a lot of time and effort uploading all of my stuff for that year Cause all everything turned blue, calculating everything, categorizing it, reconciling it and going all the way back for the whole year which it was October at the time, whenever it happened.

Speaker 1:

So I did QuickBooks but I really didn't know what I was doing and so I was categorizing and then I didn't know how to do the reconciling. I couldn't remember which buttons to push. I could figure out how to get to profit, like my P&L, and I could get my profit and loss, but I couldn't figure out the details of it. And, as a growing business, I knew that I was going to be doing payroll. I knew I was going to need more information.

Speaker 1:

The biggest fear as a business owner for me is getting audited and making sure my I's are dotted, my T's are crossed. I know I'm not doing anything illegal, but I don't know if the IRS is going to think so otherwise and it's kind of like you just want to stay out of jail type thing. And I took all the knowledge that I had before and I just tried to kind of run with it and I think the biggest impact was when we did start the monthly memberships and we'll kind of dive into why that's been beneficial. So that's like the short version of my whole. First, I guess two and a half years of business was Excel moved to QuickBooks with blind, blind blindness leading my blindness to into QuickBooks.

Speaker 3:

I love it because we do stay in the book that if you're going to start out and you are overwhelmed by maybe QuickBooks or maybe the price or whatever it may be, that an Excel spreadsheet is a great way to go, and we have lots of solopreneurs that use an Excel spreadsheet and a lot of times that's fine. They can continue going with that spreadsheet or the Google spreadsheet, whatever they want to do to keep it. But as your business grows and things get more complex, like you stated, you needed payroll. It definitely isn't good for all of that, and so you did start the way. But your business grew so quickly that you did need to upgrade. So I mean, maybe it was a blessing in disguise, but once her computer crashed, then that made a lot more work. So converting to QuickBooks can be a lot easier than that, especially if you start January 1st. But I did want to point out that if there is an ideal client that starts a business like you did, you know, quitting your W-2 job, going out on your own, never thought you were going to be a business owner, but found yourself in that position. You are like the ideal client because you don't listening. You don't know this.

Speaker 3:

Amanda is very type A and, though she doesn't know everything and nobody knows everything when starting a business she was going to find out. So she read the book, she listened to the podcast, she did all the things that she was supposed to do. If we said, open up a business bank account, you opened up a business bank account. And if we said you need to file your LLC, you did it. And if we told you a due date, you put it on your calendar. Correct. So you're doing all the stuff that you needed to do. And then ran into this road bump which is kind of the beauty of the monthly accounting plan, because you know what the thing is that never stops. You're never going to stop running into issues as a business owner and maybe issues isn't the right word, but maybe you need X, Y, Z.

Speaker 1:

You need help, whatever it may be.

Speaker 3:

So then your thing was I'll book some QuickBooks calls, which we, for our clients, do have a link where they can book QuickBooks help. And it was becoming where you are needing a lot of help, which most people do need a lot of help in the beginning, and then, if you have a very complicated business, you need help at least once a month. So that's where you kind of landed yourself was just paying for each individual meeting. Now we talk about in the accounting plan. It's like you can either choose to pay for meetings, which is fine, but if you're somebody that is going to need help on an ongoing basis, the plan just basically lets you hold your spot and it's at a reduced rate. So then, once we got you set up and going I think that's when we rolled out the monthly accounting plan.

Speaker 1:

That's exactly what happened and I feel like the monthly accounting plan, I would say, for me. I never took time out of my day or my month to set aside time to categorize, to reconcile, to make sure all the things that my I's were dotted T's were crossed. From a personal perspective, my husband is a farmer, so we are also self-employed in there and him and his brother both wait until literally the last minute to do anything, which our CPA hates us for that. But it's fine and I didn't want to do that. I like to know ahead of time how much I'm going to owe the IRS. I like to know where am I at. I know my monthly highs and lows and I want to know where my minimums are, and I think that's where the type A personality came in. But early on I used the. We did a lot of QuickBooks work and I think early on that's what my intention was. I'm just going to have y'all help me with categorizing and reconciling, but really, once I got really good at that, there was only a few things. I would have a weird hiccup or weird fee or, for example.

Speaker 1:

Let me give you a really cool example. That happened in December and Carson literally saved my life. My bank card, my business bank card, was scanned by one of those fancy scammers at like a shopping center and they copied my card physically, made a new card and they they completely wiped out my bank account. Oh my gosh. Made a new card and they they completely wiped out my bank account. Um, but the bank gave me my money back. But the categorizing all this random items and cashing out they the bank refunded me all the money. So I had all this money go out really quickly, within about three or four days, and then the bank put it back in, but from a business. It was my business account, and so I'm like I don't know what to do.

Speaker 3:

There was all these, like I didn't know what to where to put them, yeah, what to categorize them as, so that it's not like you're paying taxes on the money that came in and that you're not making it look one way when you're doing your tax return.

Speaker 1:

And I only. I honestly caught it because I was on top of my books A and I went negative, but that's a whole other conversation. But the bank, within 48 hours, had refunded my money. It was a Friday and by Monday at 12, my money was back in, but I didn't know what to do with it. So Carson on the back end went through and really just made it a wash and I would have never been able to do that on my own and that happened in December, which it was all messed up for January too, and so he was able to fix all of that stuff and I was still able to prep everything for my tax return for 2024. And so that could have been really sour and south if I would have just sent it in to my CPA, not realizing how ugly that looked from the back end. So that was like an extreme example of how bad things could get.

Speaker 3:

Yeah, that kind of stuff happens all the time and I can think of a couple other things like that where people didn't realize that their bank card wasn't flowing into QuickBooks anymore and then they didn't do bookkeeping for six months and then they had this whole mess or it double counted transactions. So you just being aware of it immediately and then fixing it means that you had very little headache for a very stressful situation. But when you don't, then you're left with the option of completely starting over because you don't know how to fix it right, or paying quick books and their help is absolutely horrible. The people that they have doing that are, I think, they're scam artists or something, because the work we've seen them and people pay thousands to get it back and running the way they want to.

Speaker 3:

It's just that's really your options is to spend a lot of money just to get your books right. So there is a really other than just knowing where you are financially every single month and being able to use those reports. It's really really beneficial to stay on top of it, and that's the problem is a lot of times, like you said, it's hard to set aside that time every month when you're working in your business. I mean, you're busy, you're seeing patients and you don't have that time to set aside to reconcile your books, which, let's be honest, isn't the most fun thing in the whole world.

Speaker 1:

No, but if I have an appointment on Monday, you better believe that my books are reconciled by Sunday, because I am a people pleaser and it's like turning in your work incomplete.

Speaker 1:

Your assignment is due, yes, and so I might not have very many questions, and by now, like I've gotten much better at the reconciling and the basics, carson was able to walk me through payroll, set up my payroll.

Speaker 1:

At hiccup on my payroll, he was able to go on the back end and really just nail it out and then teach me how to do it. That's where the benefit comes in too, is it's not like he's just doing it for me? And then, since he already knows all my questions, all my big purchases or where my assets lie, he's able to see what I need to do before the end of the year or quarterly, and I can change what I'm talking about each time I'm making an appointment. It doesn't have to be about the same thing If we complete it, okay, let's move on to the next one. So I have a list. Sometimes we hit it really fast, sometimes we take a little bit longer, and it's definitely like setting a sign time for me to stay on top of the basics, but then being able to hit all the other things that I actually didn't realize I needed help with.

Speaker 3:

I do love that you said that, because I was going to ask you what are the things that you normally talk about on a monthly call, because a lot of questions have came in about. What does it have to be and can I split between, like, business and personal, and with taxes it's kind of all just together because your business makes some money, but you pay it personally.

Speaker 3:

So there's really a long list of things that you can talk about during these calls, but I like that you said you started off with QuickBooks so you could get more comfortable with it and really you have the choice with QuickBooks of doing it yourself or hiring month. You know someone to do your monthly bookkeeping and with the bookkeeper, or with us, that's. You know at least $300 a month, if not more, and most people want to do it themselves. I recommend doing it yourself for sure because you know what's going on.

Speaker 3:

And the most successful and best business owners that we work with are doing their QuickBooks themselves for the most part, and then they're getting help like adding assets and stuff. But now that you've kind of taught yourself QuickBooks and Carson's worked with you on how to run the payroll, how to know something's off like making sure that you don't just put something somewhere that it's not supposed to be you know, like put it in my ask my accountant, like you, know very well how to run QuickBooks and you know what you shouldn't be doing. Ask my accountant is my favorite category.

Speaker 1:

Yeah, ask my accountant.

Speaker 3:

So then when you have those meetings, you can tell Carson like here are the things that I didn't do this month because I wasn't sure, instead of plugging them somewhere, which is what happens, and then that's when we get into a really big predicament. So then now you're able to talk more about, like, the payroll with the S-corp and then some tax strategies. So you know, how much should I be saving? Am I on track to be saving? Because we're in the middle of the year, which is crazy.

Speaker 3:

And so we kind of have half of the year information we know how much you're going to have in taxes for that and just preparing for it. And then some of the clients have talked about retirement and things like that. But it's really up to you what you need during that time, and every single month it's different.

Speaker 1:

And I feel like y'all are so savvy with the categories. I used to think that you had to have literally a category for every single thing, but this could also equal this, and so it's all in one.

Speaker 3:

Which makes it simpler and easier to do your tax return For sure.

Speaker 1:

For sure, and then the questions like personal finance and personal tax questions. He answers all of those during my calls as well, and I really feel like it's just like an all for one, one for all. I don't think I could get as comfortable with where I'm at in a business if I wasn't doing the monthly stuff. And my husband's a self-employed employee too, so we always owe taxes for something, and so he works. We're in a rural area, so, yeah, he also knows farm and ranch, and so he can give us a lot of guidance on that kind of stuff too, and we don't use y'all for our farm, so it's very beneficial to help. Even though he doesn't know all the I's dotting T's cross, it's very helpful to move forward and know all the different aspects of it.

Speaker 1:

We've talked about paying our kids, which is also on some of your episodes. We've talked about retirement for sure, savings, the savings episode. I don't remember which episode that is, but y'all talk about savings and the buckets of that savings account. I automatically got one and I started doing the buckets as well. Isn't that the coolest thing?

Speaker 3:

ever. I think it's very for type A people. That's like the coolest thing. If you don't know what we're talking about. It's Ally Savings. It's one savings account and you can make little buckets within that for each thing that you're saving for or you're marking Like. For me it's the kids' cars right now I have little car funds and education and things like that, but I just I nerd out on that.

Speaker 1:

I love that thing thing it's like putting my excel document, which I like, into, like a very, very clean perspective and knowing, knowing where your money is going.

Speaker 3:

This is for taxes like I have to pay my taxes later and Carson told me I owe this much in taxes so far, so I'm going to put it in my little tax bucket. So that you can't get spent on travel or what you know, whatever else. So, yes, I love that the reality is.

Speaker 1:

I remember my eighth grade history teacher said the only two things you need to do in life is die and pay taxes, and he's correct. So it's not trying to get out of taxes, it's finding ways to categorize and make everything situational so you're optimizing your taxes and you're not paying for taxes that you don't necessarily need to be doing when you're already doing the expenses. A different direction.

Speaker 3:

Yes, absolutely, and we do try. So I'm the person that sends out the monthly reminders to all of our monthly accounting clients and it'll say hey, amanda, don't forget it's June 1st. Book your meeting and it gives them a private link to book it at a time to do their monthly call.

Speaker 1:

Which I love, the links. I mean I love the emails because I do. I get done with the call. I'm like, oh yes, I'm going to book the next one. Then I forget and I get the email. I'm like, oh yes, I need to book the other. And so I just book it. It automatically goes to my Google calendar, it automatically is connected to my work calendar and then I know my due date and I do, strategically now do my meetings not on a Monday? Oh yeah, yes, right, mondays were bad because then I had to do it on Sunday. But I usually try to do my categories, categorizing every week, and then I reconcile, like towards, I move my appointments to be at the end of the month because my the way my reconciling needs to be to get all of it clean is after, like the 15th to 16th. It needs to be after that, and I've just figured that out based on how I learned to reconcile.

Speaker 3:

And so would you say that this process keeps you accountable and make sure you're doing it, or do you think that you would be able to do that on your own?

Speaker 1:

I definitely wouldn't do it on my own and I would say I would do it on my own but, honestly, because I don't have the willpower, I'd rather see clients than book, than do my books, and I'd rather see clients instead of making a meeting. I would rather see clients instead of doing everything else, absolutely.

Speaker 2:

So it's an avoidance strategy.

Speaker 1:

But when I know I have an appointment, I'm going to follow through with that appointment and I'm going to do what's required prior to that appointment and I'll push it out.

Speaker 3:

I love that you said that you feel like you know you have your homework, because you want him to check it and make sure your reconciliations look good, and that you can talk about your books. And if your books aren't reconciled, then there's no point in talking about them. So I like that you said that, because reconciliations that was really our idea was to give some accountability to business owners just once a month, set aside that time, and some of them are not like you. They just wait and then on the meeting they will walk through the reconciliation with Carson, which is fine too, right, but, yeah, I love that you said that you're like okay, that means the next day I need to be ready and it makes sure that you get everything done that you need to do, because I usually have more questions than just the reconciling.

Speaker 3:

Yeah, and they do too. I mean, they're like next month I'm actually going to reconcile before I talk to you, but the good thing is they are completely up to date. You know, they're always reconciled, which they definitely would not be if they didn't talk to Carson.

Speaker 1:

And if you're trying to reconcile in October for the whole year or in January for the year before to get it ready for your CPA, you don't remember why that $15 is off and you have to go back. And once you have a mess up you have to backtrack, and so once I have a hiccup, I just stop what I'm doing and I'm like you know what. He'll work on it on my next appointment and then I'll be able to move forward from there, absolutely.

Speaker 3:

And also it shocks people how much money they made. They're usually like, oh my gosh, did I really make that much money? Yeah, maybe if you would have done some bookkeeping you wouldn't have been so surprised. That happens every single year also. So, just to recap, everybody gets one call every single month and it's actually at a discounted rate, not our normal hourly rate.

Speaker 3:

So you're kind of just going ahead and picking up one of those spots and then the other thing that we haven't talked about on today's podcast is that they also get a tax projection, which is free because there's no additional charge. It's basically just making sure they do a tax projection because we want everybody to know where they stand, and a lot of people need tax projections, but they just choose not to do them or they forget about doing them. So I was just interested to know if you had ever done a tax projection before the one you did with us this last fall. We did them all in like October, november, and then I wanted to know what you thought about it. Oh, and I also wanted to know if you thought the tax projection was helpful and if it helped you like be more prepared for filing in April and the taxes that you actually owed.

Speaker 1:

So I'm going to recap that. My husband's a farmer, so typically we well we always owe taxes because we're both self-employed and you can't just like not pay taxes. I guess you could, but that gets you in a lot of trouble, but you weren't paying them quarterly.

Speaker 3:

We were not paying them quarterly.

Speaker 1:

We were paying them at the October deadline.

Speaker 2:

And that's not April.

Speaker 1:

No, yeah, the extension, because farmers are like 80 year old men, that some are 80 year old men, some are 40 and act like they're 80 and they don't want to give the government money until the last second. So that's where I live, but it would be a complete guess because as a self-employed farmer, your guess is as good as mud Like there is and he wasn't doing like the bookkeeping.

Speaker 2:

No, he wasn't doing like the bookkeeping every month.

Speaker 3:

He wasn't saying like, yeah, it was kind of a surprise.

Speaker 1:

It could be 5,000. It could be 22,000. It could just be. It could be anything. And then you don't know, I don't have that kind of money in my bank account. So what we did this time was based on my last few years and my goals for 2024 and 2025 and where I'm going with my business was to really hone in on what my estimated taxes would be for the following year, so that, even if my husband's business does really bad or really good, at least we'll be sitting in a different position, which, when the tax penalties changed, y'all had recommended before. Like it's, you know half a dozen one way, it's, it doesn't, it doesn't matter, you could pick one way or the other. And that's how we lived was like the penalty wasn't so bad that it really didn't make or break us deciding to do the quarterly tax payments or just paying it all in one lump sum in October. So you just always paid it all at once.

Speaker 1:

All at once, yep. And so when we did the tax projection in the fall, we had a recommended amount and so now I'm able to pay that quarterly, so that even if my business does way better or the same hopefully it doesn't do worse, obviously then at least I've put something into it because, again, it's your best guess moving forward, and so if you do way better than anticipated, that's going to show proof in your books anyways, and if you do about the same, then at least you know you're covered. And with the tax break changes or the tax changes and the penalty changes, now I do a quarterly payment. But it was a really big eye-opening thing that we started doing this year. This is the first year we've ever done quarterly payment.

Speaker 1:

Well, I'm so proud of you and you gave me directions. That was like I don't know what to do. So she sent an email with all the things, exact directions, who to send it to, what to write on the envelope. And that's what I need, because Google is not helpful when it comes to the IRS and the IRS website is not helpful either. So she sent a pretty email that had all the things on it, including the vouchers. So I printed them, filled them out, wrote a check and sent it directly where it was. And what surprised me actually with the quarterly payment is it took forever for them to deposit it.

Speaker 1:

Yeah, they're not quick with anything which surprised me because I figured if they want my money, they would deposit it but, they didn't. It took about a month for them to deposit it. So you're waiting for that check to clear, are?

Speaker 3:

they going to take my money or no. So you're waiting for that check to clear Are they going to take my money or no.

Speaker 1:

Did they forget about me. Cross your fingers, no, but if you have a problem they will be real quick to turn around and be like you didn't turn in this, this and this. So that was a huge change that we just started this year. So I'll be kind of happy to see where we're at with the tax projection from last year.

Speaker 3:

And then really when I meet with y'all in like June, july, where I'm at this year compared to last year Awesome, well, I like that you are all set up on estimated tax payments for sure. And also I thought of something where you're talking was that the I wouldn't say it's like actually on paper what a benefit of the accounting plan is, but it it happens Like Amanda was like, hey, I need to make this estimated tax payment. Carson gave her the number, they had their chat and she's like, but I don't know how to do it. I see her name come up, I know who she is, I know what her business is, I know what's going on, I immediately help her and I'm like the back end of everything, so helping all of these if something comes up.

Speaker 3:

We've been able to help these monthly clients with things that pop up, whether it's one of them had a mortgage and they had like they needed something within like two hours, and because we've we've talked to them all the time, it's really easy for us to do stuff like that and get them like really individual, quick help, whereas if it's somebody that we haven't spoken to all year, we don't know what's going on with them, we have no idea and we have a lot of extra work to do so because we're working with all these people, they are getting like preferential treatment and really quick service.

Speaker 3:

Because we talk to them all the time it's like oh well, my friend needs this thing, so we got to help them out. So that is definitely one thing that I hope that people feel working with us like. That is, that they are getting more than just the call. But, like you had said, we had already talked about it and set her up to do that. And then she's like oh well, I don't actually know how to make an estimated tax payment, I didn't even think about asking it and that's, I get it Like there's no thing. And we were able just to respond right away and make sure she knew how to do it because we had just talked about all of that in her meeting.

Speaker 1:

So I'm going to add one thing. So I didn't realize how much my constant, I would say, contact with y'all was going to be helpful for me, and so let me ask you a question now. Okay, so I met with y'all early January and because I, y'all, we did all the reconciling, everything was good for the year, we basically closed out books for 2024. How easy and how or how complicated was it for y'all to file my business tax return?

Speaker 3:

Oh my gosh, it was. It was so easy. It ideal client. And I think it works both ways right. You know you have clients. You have people that are ideal clients and you have people that you're like, oh my gosh, this is a mess. That's how your CPA feels.

Speaker 3:

And the fact that all of these people in the beta group had their books reconciled. They were ready in January. We could get started on all this work. We have a huge, long list to get through before the filing deadline and the fact that you're like serve us something so easy, put together with the bow on it, like here is my tax return ready to do early and my books are clean and we know exactly what's going on. And you did a tax projection so we pretty much knew what the results should be Right and if, for some reason, it wasn't, we would know why. So, yeah, it was. Oh my gosh. That's one of the biggest benefits to this is that our clients that we work with on a monthly basis it's so easy when tax time comes around. So I hope that you feel like tax time was easy and that wasn't stressful.

Speaker 1:

It was all I really had to do was reconcile my books for December, because everything else was already ready, and then I run a report and everything's good to go. The only thing I had to do was run W-2s or 1099s for employees and all the other things that come with January. But in general it was really easy to get everything to, because everything was clean and everything was done.

Speaker 3:

And, like she mentioned getting getting 1099s out, you have to get that out by the end of january. We were able to file the 1099s that you had.

Speaker 1:

oh yeah and so I wanted to know how to do 1099s for my people. So my january meeting part of my january meeting was carson showed me how to do on quickbook, how to file my own 1099s, because you never had to do that.

Speaker 3:

I never did it before because, because you didn't have QuickBooks, I didn't have QuickBooks. Yeah, so there you go.

Speaker 1:

There was your January meeting. It wasn't that hard and it saved me money because I didn't have to pay you to do it.

Speaker 3:

Right, exactly. And you were like, okay, if I get all the stuff in QuickBooks correctly, then it actually does a lot of the work for me. But the problem is a lot of people with QuickBooks can't file 1099s because they don't have anything in there. Right, and it's a mess. So you have all your stuff in there and QuickBooks is like hey, amanda, your contractors need these 1099s. And you're like, oh, I don't know what buttons to click, but now I do, because Carson told me how to do it, so awesome. Well, yeah, it totally makes our job so much easier.

Speaker 3:

But I hope that everybody feels like tax season in general is not that stressful once we've done all this work all year long. Not at all, not even stressed about it. Perfect, perfect, okay, amanda. So not to put you on the spot, but you did agree to come to this podcast. You kind of are on the spot. I just want to know, to wrap this episode up, like what would you say to somebody? There's a few people asking questions about the membership and want to know what would you say to somebody who's on the fence about joining the membership?

Speaker 1:

There's literally hands down, no questions asked. You just need to jump, jump and do it. It's going to save you time and money in the long run. It's going to save you so much less headache and your CPA is going to love you forever because everything is going to be so clean. There's literally no question. It's worth every penny and more really Carson.

Speaker 3:

Of course, numbers right. You want numbers right. He's like I have saved the monthly accounting people more money than they've paid me, and that's my goal.

Speaker 3:

For sure so whether it's setting up the Augusta rule in QuickBooks for them or paying their kids, or telling them they were doing something completely wrong and they're paying too much, or we've converted a lot of the monthly members to S-Corp. He's like I've saved them so much money and so for the monthly fee to do it, you know it's he feels so good being like well they're. Actually, if they hadn't come to me, they still would be paying more Correct, a hundred percent. So if you could describe the whole membership in one word, what would it be? Awesome. Don't you love questions like this?

Speaker 1:

I can never think of one, I never think of words, but it's, it's awesome. It's truly awesome. I really feel like I'm actually on top of it. I'm not a business guru. I did not go to school for business in any way, shape or form. That's not even my minor. I am a people hands on person and I just feel so confident about my back end business that I never would have felt confident for, even like a year ago business that I never would have felt confident for, even like a year ago.

Speaker 3:

I love that because confidence is one of the number one things. People come to us and feel like they're just not doing everything right. I should be doing something else. I don't know what it is. I'm not confident in running the business and the books and everything, and if all the monthly accounting members feel like I've got this, I feel like we did what we wanted to do For sure. Well, I think that sums up everything.

Speaker 3:

Thank you so much for being willing to come on the podcast yet again and just share about this monthly accounting membership with everybody. Thank you so much for having me and I hope everybody joins, of course. Of course, I think we have five more spots left that we're opening and we didn't talk in this episode a lot about the fine details because we just did episode on that. So if you want to know about all of the different things we're talking about in here and actually more fine details about it, if you're really interested in it, you can check out the previous episode. Also, we do have some discovery calls If you would like to talk to us. Those are just 15 minute calls If you want to see if it's a good fit, ask additional questions, all of that and I will link that in the show notes so you can book a call. And, amanda, if someone is looking for a pelvic floor therapist, which is the best one ever, I would say, in the whole world.

Speaker 1:

It's definitely the best profession in the world. But as far as physical therapy, a hundred percent, we are the best all pelvic floor therapists.

Speaker 3:

And Amanda's the best. So if you're looking for help with your pelvic floor, where can people find you and where are you on all of the things?

Speaker 1:

So if you're local to Wise County, I am in Bridgeport, texas. My office is called Rooted Physical Therapy. It's rootedphysicaltherapylccom. My Instagram is rootedphysicaltherapy, as well as my Facebook and my TikTok, and my YouTube channel is. You can search either Rooted Physical Therap therapy or Dr Amanda, and it's pretty entertaining. I treat men, women and kids with all pelvic floor dysfunctions. I consider myself an ortho pelvic therapist, so I'm looking at people from head to toe literally with nothing left uncovered, and trying to find the root cause of everybody's issues. So even if it's just for some mild entertainment, it can be pretty fun to watch. Her content is awesome. She's issues. So even if it's just for some mild entertainment, it can be pretty fun to watch.

Speaker 3:

Her content is awesome. She's amazing If you get the opportunity to work with her. If you're local or virtual, then she's amazing, so thank you. Thank you so much for coming again and until next time. Thank you so much for listening to what your CPA Wants you to Know. Podcast. Bye.