yes 1099 the threshold is $400 ... View more

for me works great.. if you have scanned statements, you must get the PLUS version.. https://www.moneythumb.com/converters-2quickbooks/?ref=1 ... View more

Right... but bottom line.. I get those five "do not ask" questions from all clients and I answer them with upmost joy.   But I know that if my clients only ask me accounting questions; I will only be their "accountant"  -  It is up to me to challenge the paradigm and nudge them to feel they can ask more, and while I may not have the answers, it does give me license to explore other areas where I can add value.      It is not a binary choice,but  obviously the article and video is meant to be provocative and not informative, LOL ... View more

James, the issue most of the times is not "shady" bookkeeping, is more "lazy" bookkeeping, shortcut driven and with the intent to just lower the taxes...     And I think that AFTER the books are accurate, AFTER the tax-related choices are optimized, AFTER the budget is created to help the business control their expenses, and AFTER the payroll controls are put in place to make sure there is "waste" created through the payroll system, AFTER the obvious opportunities for sales growth have been addressed, and AFTER all the mechanisms for improving cash flow are put in place... it comes time to move beyond the role.   But, often I find myself with clients that askt he same 2-3 questions EVERY SINGLE year, and somehow expect a different answer... and because they are stigmatized that the accountants have ONE role; which is to "stick to the script"; to me, it becomes a waste of talent and energy.   So I did this video to get THESE exact reactions "Accountants are not supposed to be doing that stuff..."  to challenge folks to think with an Advisory hat...  Otherwise, who will be the business advisors of the future? Marketers? MBA's? Engineers? I propose, it should be the accountants (but the ones that WANT This and not see this article/video as an attach to the profession... instead just see it as some sort of "tough love" encouragement to think outside the limited back of tricks that "accountants" are supposed to have. ... View more

It is a good take on it... I agree with your assesment.   I feel deep inside that some accountants have the abiliy to become great advisors for things that are beyond the numbers; which is why I want to provoke small business owers to find one that also dares to help you find answers to those questions. ... View more

I recoomend this spreadsheet: https://docs.google.com/spreadsheets/d/1IDzzpG0CnHkzPiqXUeSuOTehI2he8vaaNX2DTzEkNj4   Contains a list of all the default accounts available in QuickBooks Desktop accross all industries and all company structures ... View more

I have a two-prong strategy:   1) Give up 90% of the knowledge for FREE via YouTube, Social Media, Blogs, etc... 2) PRICE that 10% high enough, so you continue to give that 90 for free...   This will require that you ditch the concept of "hourly" rates.  that last 10% is very personal and customized, therefore it deserves a well thought out plan.    Here are some videos I have about pricing and adding value: https://www.youtube.com/playlist?list=PL8LZsiw8a1ztwCXYtBCuMknieyOvzKT0V&spfreload=1 ... View more

Hi Rustler, The piece is meant to be provocative... as those 5 questions ARE the most commonly asked to accountants and probably the reason you hire an accountant in the first place... It is at least the most common reason people hire me.   This is the first of some pieces in which I use the concept of business advisory as the catalyst for driving value to our clients as computers/AI/quickbooks automate some of these things and can deliver numerical answers within seconds... and what will the role of the accountant have?   hope that makes sense, where I am coming from...  Thanks your comments by the way, I am agreeing with you actually! ... View more