bookkeeper-discussions

I am an accounting / Bookkeeping professional working in the US for my US-based clients, Now I want to partner with one of the contractors who I use to outsource my bookkeeping clients. He is an experienced with exceptional qbo ...
  1. Hi there, if the bookkeeper is overseas the best option, in my opinion, is to continue as a contractor. Adding him/her as a partner means you are giving equity ... Read more

So i have a client who is LLC not SCorp he purchased SEP IRA. Where in the chart of accounts would that expense that is tax deductible for before it hits his 1040 Tax Return?
  1. Hi if your client is an LLC and reports business income and expenses on the Schedule C of 1040, the SEP-IRA contributions should not be recorded on the profit a ... Read more

Hi, I have a client that when her customers pay by CC, she charges them 3.5% because her merchant charges her 3%. I am not sure if the way I set it up in the QB is correct. I added a ...
  1. Now I got it. Thank you! ... Read more

When I am working with clients I often find they are not taking taxes seriously. Meaning they are not planning for them ahead of time in order to be able to pay them at the end of the year even ...
  1. Hi there I have been in this profession for over 18 years and I have clients who have been with me for 13 years and still do not review their financials and do ... Read more

As bookkeepers, we have to remind clients for certain statements and information each month. What are some tips for doing this without sounding pushy or rude?
  1. Hi I have found it helpful to create a monthly checklist of items you need and set up an email that is sent out at the start of each month. Now as I'm sure you ... Read more

Recently a client of mine stated her husband and her are getting divorced. They are both partners in one of the businesses I do the books for. As tensions rise, I am in a difficult position ...
  1. I often say I am part therapist and part accountant. When you deal so closely with individuals' personal information and financial information you do tend to be ... Read more