This is it my friends!! You really work from home as a self-employed bookkeeper by teaching everything to yourself with just this video!!. Work from anywhere and make good money!! It’s true! This video has everything you need!! It does not matter if you are using QuickBooks Desktop or QuickBooks Online. The ideas are the same. There are links in the description field to the 3 QuickBooks parts that you need. You need to stay with this video to learn about the legal documents that make you an actual registered business and an official company. You will also learn about very special things like credentials that persuade clients that you are the bookkeeper for them. Then you will learn about marketing yourself as an independent bookkeeper. It really has anything you need. I answer all questions very quickly and I’m here to help you with any other knowledge that I have that may helpful. I hope you will click “like’ and subscribe. -Mark
I went through all your videos. And it was awesome, super awesome. I thank God for your generousity, thousands or maybe millions of us are blessed with with your kindness. How I wish if there is CERTFICATION that we can receive those who went through your courses.😊😊😊. Be blessed
Wow! I have no words for the tutorials you offer. I've been searching for months in preparation to launch my business. Thank you so much for sharing this with me!! Blessings upon you!!
Oh thank you so much and I'm happy to help and I hope you will always remember to click like after each of the videos that you watch to help support the free channel for everyone and please subscribe Mark
All your videos have been very thorough and helpful. I feel more confident in wanting to own my bookkeeping business. Thank you so much!! 🙏I am also forever grateful for the person who shared your channel with me.
I'm so glad! I hope you will remember to click like after watching each 12 help support the free channel for everyone and please subscribe If you start to do a great job as a freelance bookkeeper, please let me know Mark
Thank you and that's exactly what I wanted to create I know that good students will be able to learn it without an accounting background Don't forget to read the description field to find the links for all the other related videos that are a part of this course and a part of your knowledge base I hope you will click like after watching each in order to help Support the free channel for everyone and please subscribe Mark
I went through all your videos. And it was awesome, super awesome. I thank God for your generousity, thousands or maybe millions of us are blessed with with your kindness. How I wish if there is CERTFICATION that we can receive those who went through your courses.😊😊😊. Be blessed
Wow, thank you! Hopefully by this winter I will have set everything up that people can join his channel members and watch videos that are specific to members and if they pass the multiple choice test and submit the correct project I can give them a certificate but I am not a government certified school I'm just a famous QuickBooks dude So I could give a certification but it would only be a certification from the QuickBooks dude and not a State Certified School even though I am a licensed teacher I'm not a licensed school but I can still give a certificate based on my reputation as a teacher so keep checking back with me and thank you so much for being a great student and a loyal fan Just don't forget to click like after watching each one to help support the free channel for everyone and be sure that you subscribed Mark
Thank you but QuickBooks online only looks slightly different with different colors but all the windows are there even if one or two move to a different part of the menu and everything is exactly the same so this video is perfect for the current version of QuickBooks Online Don't be fooled by the different colors or if once in awhile a window moved to a different part of the menu for you to open that one and don't worry if they use a different word for the same thing the entire QuickBooks Online is the same and you can use this and all videos And by the way if there's something the video is showing and you can't find it because of QuickBooks Online changed a little just leave me the question in the comments section and I'll show you where it is but that really won't happen most of the time
Wow thank you so much that's literally the nicest teaching compliment I ever got I'm so glad that good people who express appreciation are actually benefiting from the things that I put up. I'm happy to answer any questions if you have any that relate to any of the videos you're watching and I'm sure the other videos will help. You as well and please don't forget to click like after watching each one and subscribe to support the free help for everyone Mark
Excellent training videos!!! Thank you so much for your generosity in sharing your passion in this field. This will help a lot with my decision to pursue this.
You are so welcome! I have a video for any other thing related to quickbooks. And I hope you will quit life after watching each one and subscribe to help support the free channel for everyone Mark
I really like the way you teach; you're very thorough. I am trying to understand what we, as freelance bookkeepers, would do in total, regarding the Chart of Accounts and Financial Statements. In the video you say that as a bookkeeper, we don’t have to do AP, AR, or Inventory, just the Chart of Accounts. But in order to have accurate Financial Statements, the account balances for these accounts need to be on the financial statements, as well as Payroll and Taxes. If we don’t process these, then who does, or will their account balances show up in the Chart of Accounts because someone else processes them, and therefore QB will automatically add them to the financial statements? Another concern I have is that Adjusting Entries for Accruals, Deferrals, and Depreciation need to be on the income statement. Is that something we, as bookkeepers, would process or does someone in-house do these? Where would we get the information for the correct figures? Thank you so much, Steve
Thank you Steve I really appreciate your devotion and I'm glad you like the videos and that they are helping you Sometimes very loyal and devoted fans have questions about why I did or did not include some specific topics I want to limit the topics to anything that had nothing to do with taxes because even dealing with sales taxes or payroll taxes should still be double checked by a professional license tax person or CPA or tax attorney not just the person who does the independent bookkeeping Now of course each independent bookkeeper should have somebody to go to to find out the answers to certain tax questions but that's only to determine how certain transactions should be recorded But ultimately it's the CPA and the owner of the business who are required to make sure that the taxes are calculated properly and categorize properly in the books So learn everything that's separate from taxes and make sure when you do that you have a tax person and I hope you will remember to click like after watching each in order to help support the free channel for everyone and please subscribe Mark
Thanks for getting back to me so quickly - I appreciate it. In the videos you make the bookkeeping process seem so straightforward and easy to understand. There are many who are independent freelance bookkeepers who do their business solely online. I would like to do this myself. Most say they only categorize transactions, reconcile accounts, and produce a P&L for their clients. From there, their clients have their CPA or accountant do taxes. They also say they don’t do AR, AP, Inventory, Payroll, or Taxes. They don’t mention anything about Adjusting Entries - Accruals, Deferrals, and Depreciation. Yet, to have accurate financial statements, all of these account balances need to be in the Financial Reports. If they don’t do them, who does; or how do they obtain the information themselves to put it on the reports? I have asked several of these online bookkeepers who have UA-cam videos, but they don’t answer my question directly; they usually talk in a round-a-bout way and end up never answering my original question. I am aware that bookkeepers can specialize in each of these areas separately, so does that mean a client would hire a bookkeeper for each area of bookkeeping? In producing the financial reports then, is it a collaborative effort between all the bookkeepers and CPA to produce accurate financial reports? This seems like a lot of redundancy and too much effort and stress for the client. I am very interested in starting my own bookkeeping business online, but I need to know what the responsibilities would be, especially in producing accurate financial reports. Is this something you can help answer for me? I have done small-scale bookkeeping for several companies as an employee. I recently completed a pre-study set of books for the bookkeeper certification exam through AIPB, so I am familiar with most of the accounting process. I am just learning Quick Books and have not had a lot of practice with it yet. Thank so much for your response, Steven
You are so welcome! Thanks for reaching out and I hope you will click like after watching each video to help support the free channel for everyone and please subscribe and stay in touch. Mark.
Thank you so much Don't be shy to ask for any topic you need and I'll send you the link and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe Mark
Thank you so much 🙂 It's always great when people express the appreciation and it makes it worth it and i'm glad it helped you I have so many other videos that you will love if you just check out the channel page and I hope you will click like after each one to help support. The free channel for everyone Mark
Thank you for being a loyal student and fan and I guess it doesn't really matter which website you learn from as long as you learn it and it helps you Don't forget to look in the description field for the additional videos that go along with this one and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe Mark
You are so welcome! I have a quick book's video for every topic you could need and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe Mark
Thank you but that's not a quick book's topic that is an accounting topic. If you already learn the basic quick books and you know how to do not for profit accounting then you don't need a separate quick book's not for profit video Mark
Glad it was helpful! I hope you will click like after watching each video and subscribe to support the free channel for everyone and please stay in touch Mark
You are very welcome It makes it worth while when good people express appreciation and please don't forget to click like after each one to support the free channel for everyone and please. Subscribe and stay in touch. Mark
I really appreciate it because the kind words make everything worth while. I hope you will remember to click like after watching each one and encourage others to subscribe. Please stay in touch Mark
Wow, thank you! If you need any specific quick books topic please ask. I hope you will remember to click like after watching each one to help support the free channel for everyone and please subscribe Mark
You are so welcome! I hope you will always click like after watching each In order to help support the free channel for everyone and please subscribe Is mark
My pleasure I'm glad you liked it and I'm glad it helped you when I hope you will always remember to click like after watching each to help support the free channel for everyone and please subscribe Mark
Oh thank you for the kind words and I hope you will always click like after watching each one to help support the free channel for everyone and please subscribe Mark
So nice of you !! Please ask me if you need any other topic related to quick books and I hope you will click like after watching each video to help support the free channel for everyone and please subscribe Mark
Thank you so much for the kind words. If you click in the top right corner you get a link to the full playlist that you can watch in proper order for best understanding. I hope you will quickly after watching each one to help support the free channel for everyone and please subscribe. Mark
Hey Mark, To close a year as in Dec 31, 2023, do we need to do a closing entry to close the books to start 2024? Hangin' in there thanks for your help and guidance. 🤯 getting there!
Thank you for watching and thank you for asking In quick books online in most accounting software's,you do not have To Do the closing entries. This is because these programs will display the financial statements as if the closing entries were done anyway. All the different between incoming expenses and past accounting periods would go to the retained earnings account. And if you studied accounting you would understand how that works out I do have a playlist about owners equity and one of the videos explains how quick books that's top and quickbooks online managed retained earnings so that. You don't have the ball the doing any closing entries. ua-cam.com/play/PLqRhgBZfJuE7ZB_1P97kFKntwstDBa6Tm.html Please confirm that you found the appropriate videos and i'm here if you have any other questions
Hello Mark, I am trying to understand what is the best choice ( QBO or Desktop) for a few (10) clients and a very basic business. I understood that Desktop cost more than $700 and need annual subscription, but QBO for accountant is not clear the fees by client and what option is more acceptable in my condition. Could you give some tips? Thanks.
Thank you so much for asking and so much for watching the video. I don't know if I can help you because it really comes down to a matter of opinion. If you look at the Chapters of this video that compared desktop to online. You get everything you need to decide and everything else depends on your situation and personality. I know you'll pick the right choice and if you need anything else regarding quickbooks desktop a quick books online. Please let me know I hope you will click like and subscribe to help support the free channel for everyone. Mark
Thank you for the very helpful content you put up here for free. I would like to know how I can erase my previous trial balance without affecting the transaction records. I want to redo my bookkeeping all over again because it was all wrongly done.
Thank you for helping us. I'm a new learner of Quickbooks, facing a problem that I can not open Quickbooks Accountant version (30 days trial) of US or UK. Plz help me so that I can open and practice QBO free of cost.
Thank you. But I only teach how to use the software once you have it working on your computer You will have to contact sales and support to get started Mark
Thank you so much I'm glad you're watching I'm glad it's helping you and I'm here if you have any questions. I hope you will click like and subscribe Mark
Do you have any videos on how to deal with clients who have been using their personal checking account for business income/expenses and all their personal things too?
Thank you for asking, This playlist explains exactly the ideas you need. They are only a few minuets each but if you watch them in proper order, it will be clear. ua-cam.com/video/70at-NCYzjE/v-deo.html Also, the description filed of this video gives a link to both the desktop and online crash course for quicklbooks. In that course, I do show some owner/business trnasactions like you mentioned. -Mark
I'm a freshers for accounting and just watched and learned from your ACOUNTING FOR SLOW LEARNERS video, would knowledge from that vdo and this vdo is enough to become a freelancing book keeper ? Thanks
Thank you for asking Of course this will be helpful but you really need this video because it is specific regarding becoming a self-employed bookkeeper and it will have everything you need you will see ua-cam.com/video/2HVHKmkYTpE/v-deo.html I hope you will remember to click like after each video that you watch in order to help support the free channel for everyone and please subscribe and stay in touch Mark
Thank you for your informative tutorials! They are SO well done! Question: If I am a free-lance bookkeeper, some of my expenses are business and easy to categorize. If I go to McDonalds, or buy gifts for my niece, these are personal expenses. If I put them under Bus Owners Pay/Personal Expense, then at the end of the year I don't really get a clear sort of how my personal money is spent, because everything is lumped together under the one equity category. Logically I can't wrap my head around this and I must be missing something. How will I know what I spend on groceries or movies if they don't each get their own account #?
Do I set up a "ghost" bank account, that money passes in and out of - and there I can categorize all the detail I want? Similar to how Paypal acts as a "pass-through" for money spent?
On that point I really don't know what you're talking about but just set up a separate quick books for home finance and keep your home finances separate from your business
You have to have a separate quick books for your home finances and you have to keep your home finances separate from your business. Then you will have no problem
@@worldwidequickbooks So I should have one QBOA subscription and then also a basic QB account and have my personal account set up as a client on my QBOA side? Am I then reconciling all my accounts twice - once as a bookkeeper and once as an individual? How does this compare to having one QBOA account and using "Other Expense" categories as my personal area for tracking expenses?
Hey Mark! That's a fantastic video. I already have my own QBO Account. If a client invites me to be added as their QBO Accountant, do I need to create a new account, or can I use my existing QBO Accountant Account? Please advise.
If you have Qbo account and they can add you as an accountant user I have a video for that that I could give you or you could go to the main Channel page and look in the small search bar and search for it Let me know if you want me to give you the link Mark
Thank you.There are no live classes but I do live sessions with people but I am Insulttingly expensive My live sessions will enhance the video if you watched all of the videos that relate to this topic You could always send an email to worldwide.Quick books@gmail.com.If you Still. Would like live sessions
Good morning. I'd like to instruct my clients who are using QBO to access "Manage Users" to "Invite" me as their accounting firm. Is that process covered and am I still importing client bank statements with the authorization the client will give me? TIA!
Yes, this video will show you exactly how to do that. And that's excellent that you're using quick books online in that way ua-cam.com/video/uVUMLnqQ91s/v-deo.html I hope you will click like After watching each one and subscribe to help the support the free chanal for everyone I'm here if you need any other videos Mark
Oh absolutely yes The first part of this video requires no prior knowledge and it also explains and tells you what specific videos you need to watch here on youtube, to be able to do the QuickBooks part of the job Most of this video is telling you how to be a self-employed person and all the knowledge you need legally and market-wise Etc But listen carefully to how they redirect you to the other QuickBooks videos where you can start as an absolute beginner who knows nothing, and just watch just a few videos and become an expert on the QuickBooks part of the job
Thank you for asking. That's something that desktop quick book sales would be able to help you with and you can search on any search engine for their current phone number because it changes all the time but they will help you Mark
Hello, Mark Thanks for such amazing content. I have a query and hope that you will answer. I have done MBA (Finance) I want to know what Accounting skills I can provide as a Freelancer. I have seen a lot of people providing different accounting skills but they have done CA, ACCA, CPA, or other certifications. I want to know would my qualification be a hurdle if I want to start my Freelancing Career in skills related to Accounting?
Thank you for asking and thank you for watching the videos.. I cannot be sure if the specific qualifications would persuade clients not to hire you. However,it seems to me that it would be unlikely that the specific qualifications that you have would discourage clients from letting you be there freelance bookkeeper. If you had everything else the video suggested that you have and do.. The only way to know is to give it a try and after this video that shouldn't be that much of a time sacrifice for you to find out. If doing this is right for you. Thanks again for watching and please stay in touch. Mark
Thank you but both QuickBooks online and QuickBooks desktop of both do that that's the point so you have to experiment with both and decide which one you're more comfortable with and then you can decide which videos to watch after this one Mark
Thank you but I don't make the PowerPoint slides available just yet. I might at some point in the future but I think just being able to see the video and see the video as many times as you like,should. Be enough and I never saw a need to have Justice the power points. Mark
Hi can I ask. How to record a transaction if there is no customer name.. what should I put in the "received from" in the bank deposit tab if there is no customer name? (I work in a small business that doesnt use customer list)
hello mark...i am aspiring to work as a virtual assistant in the capacity of an online bookkeeper...so the other day i signed up for the quickbooks online free accountant version...i provided all of the required information, including my name, the name of my "to be" bookkeeping business, and the email address of that business...when i sign in to qbo, at the top of the homepage, and slightly below and to the right of where it lists the qb "logo" and the word "accountant", it shows the name of my bookkeeping businesss...my question is, is that correct?...is that what should be showing there?...or should what be showing there be the name of one of my clients?
Thank you. I don't really know exactly what field of data you are referring to but try putting your name and see what happens and then try putting your client's name and see what happens and then you'll figure out what goes in that field of data Mark
hello again...yes i did do exactly that, and i changed the text there to read "not sure what goes here"...immediately underneath those words it says "danny's clients"...that's what led me to believe that perhaps a client's name, and not the name of my bookkeeping business, was supposed to appear there...anyway, i went back into "company settings" and changed it back again to my bookkeeping business name...it now seems pretty obvious that qbo is referring there to my business name, and not a client's business name@@worldwidequickbooks
Hello Mark, can you explain how can I import the client's bank statements. Do I need the client's ID and password to go to their account or the client receive a link to do it directly to QBO
The links at the bottom of the description field will lead you to the section of bank feeds and importing transactions. There are 3 links to 3 separate courses that you will need as a self-employed bookkeeper and the middle one. The ones that talks about bank feeds and importing is the one. You need to watch and then you will have everything. This video does mention that towards the beginning but as far as managing clients,the video also says that you can get the files to import from the client. If the client does not allow you to log in directly to their bank account Take a look and let me know Mark.
thank you for your valuable tutorial. i learned Quickbooks online from your tutorials. I am an Accounting Teacher in Pakistan. Can i work for clients of other countres from Pakistan.
Of course you would have the physical ability to service any one in the world who. Has internet. Access But there are so many laws and so many business reasons why it would work some times but not others and the rest is for you to research I do thank you for watching my videos and being a good student and a good fan and I know it will help you be a better teacher and I'm. Very thankful for that and please stay in touch and don't forget to click like after watching each video to help support the free channel for everyone and please subscribe Mark
There's a link in the description field for the quick books, online crash course and the quickbooks. Desktop crash course and if you follow that link, then that course will show you how to use the credit card feature in quickbooks desktop or quickbooks online for whichever one you're using The video at the beginning tells you that there are links in this description field for the other courses. You will need that are free here on youtube to complete your education as a self employed bookkeeper The very first course that it refers to has a section for credit cards and it will explain everything clearly Please confirm you found the link and if not, I will send it to you directly and I will help you Mark
Hi I want to buy you course on Udemy that call " QuickBooks Online Freelance, Self-Employed Bookkeeper " but before i do that i wanna know if this course enable me to make money as freelancer if i live outside the U.S and i'm not American and i want to target the U.S market. Is that is possible or i should have an LLC in order to do that?
Thank you but I cannot comment about the bookkeeper. Self-employed bookkeepers market outside the US. I do know that i've helped people become self employed bookkeepers and they have clients and they're getting more and more I would assume if you have familiar with the territory outside the US that you would have to use that knowledge in that familiarity to decide any additional marketing steps. To market yourself as a self employed bookkeeper in that place Mark
Sure if you can convince clients overseas to hire you or convince people in India to hire you then you can utilize exactly what's in this video and the links that it sends you to and then you will have everything
I'm very glad you liked it.And I hope you will click like after each video to help support the free channel for everyone and please subscribe and stay in touch Mark
![How to Get a Developer Job - Even in This Economy [Full Course]](http://i.ytimg.com/vi/6nz8GXjxiHg/mqdefault.jpg)
This is it my friends!! You really work from home as a self-employed bookkeeper by teaching everything to yourself with just this video!!. Work from anywhere and make good money!! It’s true! This video has everything you need!! It does not matter if you are using QuickBooks Desktop or QuickBooks Online. The ideas are the same.
There are links in the description field to the 3 QuickBooks parts that you need. You need to stay with this video to learn about the legal documents that make you an actual registered business and an official company. You will also learn about very special things like credentials that persuade clients that you are the bookkeeper for them. Then you will learn about marketing yourself as an independent bookkeeper. It really has anything you need.
I answer all questions very quickly and I’m here to help you with any other knowledge that I have that may helpful.
I hope you will click “like’ and subscribe.
-Mark
Estoy interesada
Is it mandatory to be QBO pro advisor to work as self empolyed bookkeeper?
I highly recommend this channel for those who want a bookkeeping job. I'm learning a lot from it, very detailed and clear explanations. ❤
I went through all your videos. And it was awesome, super awesome. I thank God for your generousity, thousands or maybe millions of us are blessed with with your kindness.
How I wish if there is CERTFICATION that we can receive those who went through your courses.😊😊😊. Be blessed
Wow! I have no words for the tutorials you offer. I've been searching for months in preparation to launch my business. Thank you so much for sharing this with me!! Blessings upon you!!
Oh thank you so much and I'm happy to help and I hope you will always remember to click like after each of the videos that you watch to help support the free channel for everyone and please subscribe
Mark
All your videos have been very thorough and helpful. I feel more confident in wanting to own my bookkeeping business. Thank you so much!! 🙏I am also forever grateful for the person who shared your channel with me.
I'm so glad!
I hope you will remember to click like after watching each 12 help support the free channel for everyone and please subscribe
If you start to do a great job as a freelance bookkeeper, please let me know
Mark
@@worldwidequickbooks yes and will do. Thanks again.
All videos really helps me to understand everything in bookkeeping even though I don't have any accounting background or any degree
Thank you and that's exactly what I wanted to create
I know that good students will be able to learn it without an accounting background
Don't forget to read the description field to find the links for all the other related videos that are a part of this course and a part of your knowledge base
I hope you will click like after watching each in order to help Support the free channel for everyone and please subscribe
Mark
I went through all your videos. And it was awesome, super awesome. I thank God for your generousity, thousands or maybe millions of us are blessed with with your kindness.
How I wish if there is CERTFICATION that we can receive those who went through your courses.😊😊😊. Be blessed
Wow, thank you!
Hopefully by this winter I will have set everything up that people can join his channel members and watch videos that are specific to members and if they pass the multiple choice test and submit the correct project I can give them a certificate but I am not a government certified school I'm just a famous QuickBooks dude
So I could give a certification but it would only be a certification from the QuickBooks dude and not a State Certified School even though I am a licensed teacher I'm not a licensed school but I can still give a certificate based on my reputation as a teacher so keep checking back with me and thank you so much for being a great student and a loyal fan
Just don't forget to click like after watching each one to help support the free channel for everyone and be sure that you subscribed
Mark
I hope you make another video about this. QBO looks different now. I love your teaching method! I learned a lot from your videos. Thanks, Mark!
Thank you but QuickBooks online only looks slightly different with different colors but all the windows are there even if one or two move to a different part of the menu and everything is exactly the same so this video is perfect for the current version of QuickBooks Online
Don't be fooled by the different colors or if once in awhile a window moved to a different part of the menu for you to open that one and don't worry if they use a different word for the same thing the entire QuickBooks Online is the same and you can use this and all videos
And by the way if there's something the video is showing and you can't find it because of QuickBooks Online changed a little just leave me the question in the comments section and I'll show you where it is but that really won't happen most of the time
Thank you so much Mark Smolen. Ive learned a lot from your tutorial, this is all i need to learned of.
You are very welcome
I hope you will click like and subscribe to help support the free channel for everyone.
Mark
Thank you so much for the very informative and well presented tutorials. There is so much sincerity in your teachings.
Wow thank you so much that's literally the nicest teaching compliment I ever got
I'm so glad that good people who express appreciation are actually benefiting from the things that I put up.
I'm happy to answer any questions if you have any that relate to any of the videos you're watching and I'm sure the other videos will help. You as well and please don't forget to click like after watching each one and subscribe to support the free help for everyone
Mark
Excellent training videos!!! Thank you so much for your generosity in sharing your passion in this field. This will help a lot with my decision to pursue this.
My pleasure!
I hope you will cook like after watching each one to help support the free channel for everyone and please subscribe
Mark
Thank you for sharing this information. It has been very helpful in my journey of starting my own virtual bookkeeping business
You are so welcome!
I have a video for any other thing related to quickbooks. And I hope you will quit life after watching each one and subscribe to help support the free channel for everyone
Mark
I really like the way you teach; you're very thorough. I am trying to understand what we, as freelance bookkeepers, would do in total, regarding the Chart of Accounts and Financial Statements.
In the video you say that as a bookkeeper, we don’t have to do AP, AR, or Inventory, just the Chart of Accounts. But in order to have accurate Financial Statements, the account balances for these accounts need to be on the financial statements, as well as Payroll and Taxes.
If we don’t process these, then who does, or will their account balances show up in the Chart of Accounts because someone else processes them, and therefore QB will automatically add them to the financial statements?
Another concern I have is that Adjusting Entries for Accruals, Deferrals, and Depreciation need to be on the income statement. Is that something we, as bookkeepers, would process or does someone in-house do these? Where would we get the information for the correct figures?
Thank you so much,
Steve
Thank you Steve
I really appreciate your devotion and I'm glad you like the videos and that they are helping you
Sometimes very loyal and devoted fans have questions about why I did or did not include some specific topics
I want to limit the topics to anything that had nothing to do with taxes because even dealing with sales taxes or payroll taxes should still be double checked by a professional license tax person or CPA or tax attorney not just the person who does the independent bookkeeping
Now of course each independent bookkeeper should have somebody to go to to find out the answers to certain tax questions but that's only to determine how certain transactions should be recorded But ultimately it's the CPA and the owner of the business who are required to make sure that the taxes are calculated properly and categorize properly in the books
So learn everything that's separate from taxes and make sure when you do that you have a tax person and I hope you will remember to click like after watching each in order to help support the free channel for everyone and please subscribe
Mark
Thanks for getting back to me so quickly - I appreciate it. In the videos you make the bookkeeping process seem so straightforward and easy to understand.
There are many who are independent freelance bookkeepers who do their business solely online. I would like to do this myself. Most say they only categorize transactions, reconcile accounts, and produce a P&L for their clients. From there, their clients have their CPA or accountant do taxes.
They also say they don’t do AR, AP, Inventory, Payroll, or Taxes. They don’t mention anything about Adjusting Entries - Accruals, Deferrals, and Depreciation. Yet, to have accurate financial statements, all of these account balances need to be in the Financial Reports. If they don’t do them, who does; or how do they obtain the information themselves to put it on the reports?
I have asked several of these online bookkeepers who have UA-cam videos, but they don’t answer my question directly; they usually talk in a round-a-bout way and end up never answering my original question.
I am aware that bookkeepers can specialize in each of these areas separately, so does that mean a client would hire a bookkeeper for each area of bookkeeping? In producing the financial reports then, is it a collaborative effort between all the bookkeepers and CPA to produce accurate financial reports? This seems like a lot of redundancy and too much effort and stress for the client.
I am very interested in starting my own bookkeeping business online, but I need to know what the responsibilities would be, especially in producing accurate financial reports. Is this something you can help answer for me?
I have done small-scale bookkeeping for several companies as an employee. I recently completed a pre-study set of books for the bookkeeper certification exam through AIPB, so I am familiar with most of the accounting process. I am just learning Quick Books and have not had a lot of practice with it yet.
Thank so much for your response,
Steven
I am so glad I came across this video! I learned so much! Thank you!
You are so welcome!
Thanks for reaching out and I hope you will click like after watching each video to help support the free channel for everyone and please subscribe and stay in touch.
Mark.
thank you , you contributed priceless valuable training
Thank you so much
Don't be shy to ask for any topic you need and I'll send you the link and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe
Mark
Very nice explanations and enjoyed the point you described. I usually do not commend but you made me leave a comment❤.
Thank you so much 🙂
It's always great when people express the appreciation and it makes it worth it and i'm glad it helped you
I have so many other videos that you will love if you just check out the channel page and I hope you will click like after each one to help support. The free channel for everyone
Mark
Saw your udemy tutorial highlights.. can't afford that now. And found out your yt video. Will stick to it and will try to learn as much as possible.
Thank you for being a loyal student and fan and I guess it doesn't really matter which website you learn from as long as you learn it and it helps you
Don't forget to look in the description field for the additional videos that go along with this one and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe
Mark
Wow, glad I found this - love your instructions, they are clear and thorough, easy to follow. Thanks a million.
You are so welcome!
I have a quick book's video for every topic you could need and I hope you will click like after watching each one to help support the free channel for everyone and please subscribe
Mark
Thank you so much Mark Smolen.
You are very welcome
Mr. Mark, could you please make a quickbooks course for nonprofit organizations.
Thank you but that's not a quick book's topic that is an accounting topic.
If you already learn the basic quick books and you know how to do not for profit accounting then you don't need a separate quick book's not for profit video
Mark
Thank you for making this available. Very helpful.
Glad it was helpful!
I hope you will click like after watching each video and subscribe to support the free channel for everyone and please stay in touch
Mark
Thank you Mark. I really appreciate this.
You are very welcome
It makes it worth while when good people express appreciation and please don't forget to click like after each one to support the free channel for everyone and please. Subscribe and stay in touch.
Mark
I just start my book keeping career u r awsum
I really appreciate it because the kind words make everything worth while.
I hope you will remember to click like after watching each one and encourage others to subscribe.
Please stay in touch
Mark
Just find your channel and after watching a few videos. Final conclusion you are amazing 😍 and your teaching is awesome
Wow, thank you!
If you need any specific quick books topic please ask. I hope you will remember to click like after watching each one to help support the free channel for everyone and please subscribe
Mark
excellent video. Thank you.
My pleasure and I hope you will click like after watching each one to support the free help for everyone. And please subscribe
Thank you so much for your sharing ❤
You are so welcome!
I hope you will always click like after watching each In order to help support the free channel for everyone and please subscribe
Is mark
@@worldwidequickbooks I already did 😊
Thank you soooooooooooo much👌
My pleasure
I'm glad you liked it and I'm glad it helped you when I hope you will always remember to click like after watching each to help support the free channel for everyone and please subscribe
Mark
This tutorial give me a guideline. Thanks a lot.
Very glad to help.
I hope you will click like after watching each one and please subscribe to help support the free channel for everyone.
Mark
Could you please make a lecture on practical works as a bookkeeper......
Yes that's exactly what this video is
Thanks so much Sir for sharing your knowledge to us. God bless you Sir...
Oh thank you for the kind words and I hope you will always click like after watching each one to help support the free channel for everyone and please subscribe
Mark
Sir you are doing well thank you for giving such a beneficial information
So nice of you !!
Please ask me if you need any other topic related to quick books and I hope you will click like after watching each video to help support the free channel for everyone and please subscribe
Mark
Thank you very much Its helps me that I really doing this information .
Thank you so much for the kind words.
If you click in the top right corner you get a link to the full playlist that you can watch in proper order for best understanding. I hope you will quickly after watching each one to help support the free channel for everyone and please subscribe.
Mark
Thanks!
My pleasure, I'm here if you have any questions
Mark
Excellent
Thank you so much
Hey Mark, To close a year as in Dec 31, 2023, do we need to do a closing entry to close the books to start 2024? Hangin' in there thanks for your help and guidance. 🤯 getting there!
Thank you for watching and thank you for asking
In quick books online in most accounting software's,you do not have To Do the closing entries. This is because these programs will display the financial statements as if the closing entries were done anyway.
All the different between incoming expenses and past accounting periods would go to the retained earnings account. And if you studied accounting you would understand how that works out
I do have a playlist about owners equity and one of the videos explains how quick books that's top and quickbooks online managed retained earnings so that. You don't have the ball the doing any closing entries.
ua-cam.com/play/PLqRhgBZfJuE7ZB_1P97kFKntwstDBa6Tm.html
Please confirm that you found the appropriate videos and i'm here if you have any other questions
Hello Mark, I am trying to understand what is the best choice ( QBO or Desktop) for a few (10) clients and a very basic business. I understood that Desktop cost more than $700 and need annual subscription, but QBO for accountant is not clear the fees by client and what option is more acceptable in my condition. Could you give some tips? Thanks.
Thank you so much for asking and so much for watching the video.
I don't know if I can help you because it really comes down to a matter of opinion.
If you look at the Chapters of this video that compared desktop to online. You get everything you need to decide and everything else depends on your situation and personality.
I know you'll pick the right choice and if you need anything else regarding quickbooks desktop a quick books online.
Please let me know
I hope you will click like and subscribe to help support the free channel for everyone.
Mark
Thank you for the very helpful content you put up here for free. I would like to know how I can erase my previous trial balance without affecting the transaction records. I want to redo my bookkeeping all over again because it was all wrongly done.
Thank you for watching and thank you for asking
Do you have quick books desktop or quick books online?
Mark
@@worldwidequickbooks You’re welcome. I have quickbooks online.
Thank you for helping us. I'm a new learner of Quickbooks, facing a problem that I can not open Quickbooks Accountant version (30 days trial) of US or UK. Plz help me so that I can open and practice QBO free of cost.
Thank you. But I only teach how to use the software once you have it working on your computer
You will have to contact sales and support to get started
Mark
oy vey!!! 3 1/2hrs my heads spinning!! Thank you for covering every detail thoroughly, double backup? Thanks Mark same time - same station tomorrow🤯
Thank you so much
I'm glad you're watching I'm glad it's helping you and I'm here if you have any questions.
I hope you will click like and subscribe
Mark
Do you have any videos on how to deal with clients who have been using their personal checking account for business income/expenses and all their personal things too?
Thank you for asking,
This playlist explains exactly the ideas you need. They are only a few minuets each but if you watch them in proper order, it will be clear.
ua-cam.com/video/70at-NCYzjE/v-deo.html
Also, the description filed of this video gives a link to both the desktop and online crash course for quicklbooks.
In that course, I do show some owner/business trnasactions like you mentioned.
-Mark
Thank you
You're welcome
I hope you will click like after watching H each one to help support the free channel for everyone and please subscribe.
Mark
I'm a freshers for accounting and just watched and learned from your ACOUNTING FOR SLOW LEARNERS video, would knowledge from that vdo and this vdo is enough to become a freelancing book keeper ? Thanks
Thank you for asking
Of course this will be helpful but you really need this video because it is specific regarding becoming a self-employed bookkeeper and it will have everything you need you will see
ua-cam.com/video/2HVHKmkYTpE/v-deo.html
I hope you will remember to click like after each video that you watch in order to help support the free channel for everyone and please subscribe and stay in touch
Mark
Thank you for your informative tutorials! They are SO well done! Question: If I am a free-lance bookkeeper, some of my expenses are business and easy to categorize. If I go to McDonalds, or buy gifts for my niece, these are personal expenses. If I put them under Bus Owners Pay/Personal Expense, then at the end of the year I don't really get a clear sort of how my personal money is spent, because everything is lumped together under the one equity category. Logically I can't wrap my head around this and I must be missing something. How will I know what I spend on groceries or movies if they don't each get their own account #?
Do I set up a "ghost" bank account, that money passes in and out of - and there I can categorize all the detail I want? Similar to how Paypal acts as a "pass-through" for money spent?
On that point I really don't know what you're talking about but just set up a separate quick books for home finance and keep your home finances separate from your business
You have to have a separate quick books for your home finances and you have to keep your home finances separate from your business. Then you will have no problem
@@worldwidequickbooks So I should have one QBOA subscription and then also a basic QB account and have my personal account set up as a client on my QBOA side? Am I then reconciling all my accounts twice - once as a bookkeeper and once as an individual? How does this compare to having one QBOA account and using "Other Expense" categories as my personal area for tracking expenses?
Hey Mark! That's a fantastic video. I already have my own QBO Account. If a client invites me to be added as their QBO Accountant, do I need to create a new account, or can I use my existing QBO Accountant Account? Please advise.
If you have Qbo account and they can add you as an accountant user
I have a video for that that I could give you or you could go to the main Channel page and look in the small search bar and search for it
Let me know if you want me to give you the link
Mark
Hello, are there any in class institutions you would recommend? I am just starting and learn better with in person classes.
Thank you.There are no live classes but I do live sessions with people but I am Insulttingly expensive
My live sessions will enhance the video if you watched all of the videos that relate to this topic
You could always send an email to worldwide.Quick books@gmail.com.If you Still.
Would like live sessions
Thanks
Glad to help
I hope you will click like and subscribe
Mark
Good morning. I'd like to instruct my clients who are using QBO to access "Manage Users" to "Invite" me as their accounting firm. Is that process covered and am I still importing client bank statements with the authorization the client will give me? TIA!
Yes, this video will show you exactly how to do that. And that's excellent that you're using quick books online in that way
ua-cam.com/video/uVUMLnqQ91s/v-deo.html
I hope you will click like After watching each one and subscribe to help the support the free chanal for everyone
I'm here if you need any other videos
Mark
Can beginners also learn this? Who did not have knowledge about basic quickbooks . How to use ?
Oh absolutely yes
The first part of this video requires no prior knowledge and it also explains and tells you what specific videos you need to watch here on youtube, to be able to do the QuickBooks part of the job
Most of this video is telling you how to be a self-employed person and all the knowledge you need legally and market-wise Etc
But listen carefully to how they redirect you to the other QuickBooks videos where you can start as an absolute beginner who knows nothing, and just watch just a few videos and become an expert on the QuickBooks part of the job
Boss I need a clear concept about quickbook desktop download policy to practice it.
Thank you for asking. That's something that desktop quick book sales would be able to help you with and you can search on any search engine for their current phone number because it changes all the time but they will help you
Mark
Hello, Mark Thanks for such amazing content. I have a query and hope that you will answer.
I have done MBA (Finance) I want to know what Accounting skills I can provide as a Freelancer. I have seen a lot of people providing different accounting skills but they have done CA, ACCA, CPA, or other certifications.
I want to know would my qualification be a hurdle if I want to start my Freelancing Career in skills related to Accounting?
Thank you for asking and thank you for watching the videos..
I cannot be sure if the specific qualifications would persuade clients not to hire you.
However,it seems to me that it would be unlikely that the specific qualifications that you have would discourage clients from letting you be there freelance bookkeeper. If you had everything else the video suggested that you have and do..
The only way to know is to give it a try and after this video that shouldn't be that much of a time sacrifice for you to find out. If doing this is right for you.
Thanks again for watching and please stay in touch.
Mark
Thank You so much Mark
Hi Mark Which quick books offers the financial statements and the whole system of accounting so I can order it. Thank You
Thank you but both QuickBooks online and QuickBooks desktop of both do that that's the point so you have to experiment with both and decide which one you're more comfortable with and then you can decide which videos to watch after this one
Mark
Thank you Mark! I really enjoy your videos, and learned a lot!❤
Hello Mr. Mark! Where can I find PowerPoint slides covering this course?
Thank you but I don't make the PowerPoint slides available just yet. I might at some point in the future but I think just being able to see the video and see the video as many times as you like,should. Be enough and I never saw a need to have Justice the power points.
Mark
@@worldwidequickbooks Thank you very much for your prompt response. I really appreciate it. 🙏🏾
Hi, do you offer tutorials?
Yes this video here is a tutorial and it's free and it will help you.
Hi can I ask. How to record a transaction if there is no customer name.. what should I put in the "received from" in the bank deposit tab if there is no customer name? (I work in a small business that doesnt use customer list)
You can leave it blank
It will still allow you to record the transaction and deposit
Mark
hello mark...i am aspiring to work as a virtual assistant in the capacity of an online bookkeeper...so the other day i signed up for the quickbooks online free accountant version...i provided all of the required information, including my name, the name of my "to be" bookkeeping business, and the email address of that business...when i sign in to qbo, at the top of the homepage, and slightly below and to the right of where it lists the qb "logo" and the word "accountant", it shows the name of my bookkeeping businesss...my question is, is that correct?...is that what should be showing there?...or should what be showing there be the name of one of my clients?
Thank you.
I don't really know exactly what field of data you are referring to but try putting your name and see what happens and then try putting your client's name and see what happens and then you'll figure out what goes in that field of data
Mark
hello again...yes i did do exactly that, and i changed the text there to read "not sure what goes here"...immediately underneath those words it says "danny's clients"...that's what led me to believe that perhaps a client's name, and not the name of my bookkeeping business, was supposed to appear there...anyway, i went back into "company settings" and changed it back again to my bookkeeping business name...it now seems pretty obvious that qbo is referring there to my business name, and not a client's business name@@worldwidequickbooks
Hello Mark, can you explain how can I import the client's bank statements. Do I need the client's ID and password to go to their account or the client receive a link to do it directly to QBO
The links at the bottom of the description field will lead you to the section of bank feeds and importing transactions.
There are 3 links to 3 separate courses that you will need as a self-employed bookkeeper and the middle one. The ones that talks about bank feeds and importing is the one. You need to watch and then you will have everything.
This video does mention that towards the beginning but as far as managing clients,the video also says that you can get the files to import from the client. If the client does not allow you to log in directly to their bank account
Take a look and let me know
Mark.
thank you for your valuable tutorial. i learned Quickbooks online from your tutorials. I am an Accounting Teacher in Pakistan. Can i work for clients of other countres from Pakistan.
Of course you would have the physical ability to service any one in the world who. Has internet. Access
But there are so many laws and so many business reasons why it would work some times but not others and the rest is for you to research
I do thank you for watching my videos and being a good student and a good fan and I know it will help you be a better teacher and I'm. Very thankful for that and please stay in touch and don't forget to click like after watching each video to help support the free channel for everyone and please subscribe
Mark
thank you very much sir. i watch ur videos regularly. i think i am learning a lot from ur videos@@worldwidequickbooks
What if im not from the state ? are there any other cerficate equivelent with dba and E.I.N number ?
Don't worry because no matter what state you're in they will have that
Mark
Can Quick Books be displayed in Pounds Sterling?
Yes.
This video was all about the multi currency feature.
ua-cam.com/video/EuHPAFkeUDE/v-deo.html
Mark.
Is there any video regarding credit card
There's a link in the description field for the quick books, online crash course and the quickbooks. Desktop crash course and if you follow that link, then that course will show you how to use the credit card feature in quickbooks desktop or quickbooks online for whichever one you're using
The video at the beginning tells you that there are links in this description field for the other courses. You will need that are free here on youtube to complete your education as a self employed bookkeeper
The very first course that it refers to has a section for credit cards and it will explain everything clearly
Please confirm you found the link and if not, I will send it to you directly and I will help you
Mark
Thank you so much for your valuable answer
Hi
I want to buy you course on Udemy that call " QuickBooks Online Freelance, Self-Employed Bookkeeper " but before i do that i wanna know if this course enable me to make money as freelancer if i live outside the U.S and i'm not American and i want to target the U.S market. Is that is possible or i should have an LLC in order to do that?
Thank you but I cannot comment about the bookkeeper. Self-employed bookkeepers market outside the US.
I do know that i've helped people become self employed bookkeepers and they have clients and they're getting more and more
I would assume if you have familiar with the territory outside the US that you would have to use that knowledge in that familiarity to decide any additional marketing steps. To market yourself as a self employed bookkeeper in that place
Mark
10:43 CHAPTER 4
Thank you I'm happy to help if you have a question
can I have remote job in India?
Sure if you can convince clients overseas to hire you or convince people in India to hire you then you can utilize exactly what's in this video and the links that it sends you to and then you will have everything
😂😂😂
I'm very glad you liked it.And I hope you will click like after each video to help support the free channel for everyone and please subscribe and stay in touch
Mark
can you help a lawyer get off clio?
Yes I will absolutely help you and give you a cannabis related discount and I support the entire movement.
@@worldwidequickbooks Awesome, I got your message and saw the course. I will check it out.
Hello Do you have instagram? Why i can not see the icon? Instagram is so good too
Thank you but course questions only please
@@worldwidequickbooks yeah i wanted to ask you some questions privately