Quickbooks fill the skills gaps after a million pounds turn over
Asking questions to accountant
https://mail.google.com/mail/u/0/#search/in%3Asent+paolo/KtbxLthdnWBcQhDhzJgsjGhBGdTqgQZLcL
it means there is a skills gap
it means most have it
i need a service based product and need to be able to resolve it.
Tactic1: Keep asking questions to accountant and to reddit with x
Tactic2: Get a course and ask the questions to instructor
Objective : Master bookkeeping
Key Results: Learn how to fix mistakes! ( recognize and fix )
Key Results: Learn to backup the system
Key Results: Learn to ask questions
Key Results: Add quickbooks to CV, Linkedin,Skills Matrix
There is a last update time
4 hours to fill the gaps in one day!
Animation based
offers to answer all the questions > https://www.udemy.com/course/mastering-quickbooks-online/?couponCode=24T5FS31824
Not perfect recording but there is value in the index
Setting up the company is also part of the first principles
only one person > no payroll management
Mostly screenshare cotent and not perfectly editted more in the mvp mode.
Main concepts in quickbooks
Business >> Budget 7k
Bookkeeper >> invoices/transactions
Accountant > taxes
Different views for the users
Tasks outline the unpaid invoice and things to be categorised
My main go to report
2024 Jan Report
Errors i can spot!
The accounting > did not get categorised it should be more than 16k
Nope 3kx5 = 15k normal ( first year it was not at 3k ) 3 per cent
Sub Contractor > Asistants > 50k > 5 per cent
divident taken out in 7 years
Monthly
Why pension is so low is it me or for the workers that is paid ?
Minimum wage taken off from the company
What is directors reenumeration ?
Ask > https://www.reddit.com/r/QuickBooks/comments/1bhntcp/what_is_directors_re_enumeration_in_the_main/
Rent > not that much to run away main expense
Main numbers
%35 > Divident
** % 20 Other (small blind/big blind) >>>** ( Phone 0.5, Travel 0.5,Computer Run 0.5,Insurance 0.3,Interest 0.3,Legal 0.3,subsriptions 0.2,Advertise 0.2,Banking 0.1,Entertain 0.1,Use of Home0.1) ?
%8 > Corp Tax ( VAT / Corp )
%8 > Wages
%6 > Director remuneration ( Payroll costs for all corporate directors )
%5 > Sub Contractor / Asistants 8
%3,5 > Rent
%3 > Office Expenses
%2.5 > Software
%2 > Depreciation
%1.5 > Accounting
**Some wrongly mapped categories in the other **
Ali Altun > has to be sub contractor
Quickbooks also has a dsl change
Instructor mentions use the udemy messasing section to contact him.
Line items >
Lets add one
Check last year performance to think on the taxes that would come up
x3 the price
Upsell from contracting to product based service
question how to find services that are not used? todo
how do you merge the names on the invoices ? todo
Todo why does wework in the customer list?
All used except the new one
https://www.reddit.com/r/QuickBooks/comments/1bhntcp/comment/kveviaj/?%2524deep_link=true&correlation_id=7434cd7b-a3f2-4a80-bf88-b3075dba94e8&ref=email_post_reply&ref_campaign=email_post_reply&ref_source=email&%25243p=e_as&_branch_match_id=1217382789480187819&utm_medium=Email%20Amazon%20SES&_branch_referrer=H4sIAAAAAAAAA3WOQU7EMAxFT1N2bYcm0II0QiDEnhNYbuJOQ9MkctKpuD2uGJZItmR%2F%2F6fvuZSUn9uWyVpXGkyp8S4srUovVadVOhNgvpMxsru4gB429uf5oCr1WnUfUvu%2BNzfexFUElv7cnFneYlyyLCKvFMox3o9zKCYd2IwFXAbrmEyJnIEJKGwrMRYXA7gAZSZY0QWxL1e6Ovw6IpWkakuU4Pi1Uu%2BFN6q6RxOZyd9gK3qvlTa2H2tUU1drHE71OA1DPapT%2F2BHfNI0CMc0iZkkyEOKucgjyX%2F%2FHsDgmtBdwv%2BOHDc29Hf%2FAfh%2BQqhSAQAA
Concept Called TRIAL BALANCE
Debit and Credit Lines up there
Why does the trial balance in 9289 sho 121k which we dont have ( todo )
What is VAT suspense? in trial balance
Trial Balance to Find the Error > basic first principle error spotting
Finding invoices in the back while watching the content
for 2 dollars it cots more time to find it and add it to the vendor list
Also create a rule for it in the future
So many transactions without payee but there is description so that is a better place to sort
it is better to clear the list with the description field
Spoitting on amazon is direct
Check VAT for the rule and create it
Also use the memo with the top link to be able to show it to the chartered accountant
on account means the customer pays later
Customer Balance Who Owes us money
Practical Output
Chart of Accounts and Ledger
Basic power point talk over is ok
Udemy has auto coupons
Mistakes caught on transactions
Click and jump to transactions
Quickbooks failing to work with rules and locks up ui
rules adding takes time
Ask errors to the quickbooks team
https://twitter.com/rifaterdemsahin/status/1769739004075794481
Account is abstract
https://pexabo.notion.site/a13-Questions-to-accounting-85600b53860a4e1f82bc7701b281f4c7?pvs=4
pair program with others
Tax Assist background applications
invoice=! sales receipt ( fis) > at the time of sale the paperwork gets created!
find the common parts
16 pounds an hour i am burning
Fix Wages
adding invoice to reconciled does not make sense > but for backup that is ok
See the parts that business is bleeding the money
rationale > cant trust other platforms to host them like udemy can shut or block the account
remove the unassigned one
Test the rule and see how many gets affected
6 months worth of transactions to be processed 600
Monthly 100 transactions
Come back and resort with the transactions on the names and date
Or missing payee
Add payee to get the handson for quickbooks
Apply
Round up should not be a transfer
Write what you suspect and create a rule around it
before implementing check one
did not see it ther e
https://www.starlingbank.com/features/round-ups
Append it to bank memo >
As I cant select the same account i selected the transfer account
Big number detuctions on the entry count from 650 to 421
Check on chart of accounts on transfer
Receipts are under the transactions
Reconcile with the banking is there
Only recurring transaction is the payroll
at least it makes me think
maybe instead of thinkific > i should open source it and work it within the wordpress site
thinkific is great for going to public and also could host the training section for it > using the wordpress and promoting the training and selling the service could be the way to go.
Not wordress but wix > not easy to backup that is the issue!
Youtube is there but is there a loom option ?
Failed youtube attempt
download and try
Added to the site
Vat inside the corp tax category
Imported from rifaterdemsahin.com · 2024