What other clients have you found to be good starting out as a bookkeeper? I'm going to be doing a series this month on the more "complex" niches. I've filmed videos on attorney bookkeeping and non-profit bookkeeping... which other niches are you interested in? (medical, construction, restaurant, other?)
Landscaping without construction is really straight forward! Also spa services are generally simple if they have a good POS in place. im interested in real estate bookkeeping and find lots of mixed reviews how to set up the books. You could do a video on your favorite books and resources as a business owner and bookkeeper. and also on your favorite systems platforms (gusto, bill.com, square, Tsheets, etc and how they all play in together as a whole)
I got my fourth client a couple weeks ago and it’s a gym, run by the owner and all the coaches are paid as contractors, super simple! I also did a Quickbooks setup for a family farm that was pretty easy. My third client is a wedding florist! So you’re right about that one! I have a question though: what is the bookkeeping like for a franchise business?? I’ve wondered if I should approach my local businesses that are franchises or if they just get all of it done by the corporate level?
I am a CPA who has just started my own bookkeeping business after working in public accounting and I find so much value in your videos. Thank you for helping empower other bookkeepers!
Great video Morgan. I actually look for many of these same clients that have employees. Before that, my experience is they still feel they can handle the books themselves. They keep track of receipts, income maybe mileage on spreadsheets. Once they hit the trip wire of employees tho, that tends to open them up to considering accounting help. I take on any payroll and outsource it to a wonderful full service payroll processing company, include it in my pricing. The payroll company handles the processing and sends me any premium price I charge the client over my base rate. I agree, stay away from anyone with inventory or construction outfits that have a lot of work in process and job cost accounting issues. Should def have some experience before tackling those. You summed it up pretty nicely. Also people in the trades (plumbers, electricians, etc.) with 1 - 5 employees are great too and we can really help them a great deal with their business.
Great tips, thanks so much for sharing! I agree that a lot of people try to do their own books at the beginning--good observation that gaining employees is a kind of trigger to hire a bookkeeper.
Can you add in a subscription for QBOContractor edition? The job costing is not that difficult to break down and run payroll per project from QB. I ran 150 employees weekly payroll out of it.
@@a.e.6297 IT DEPENDS, anywhere from $245 per month (my minimum) up to $3,500 per month. Depends upon their size, complexity and what services they need me to handle. When I started I asked this question of others a few times and got frustrated when people would say "it depends". But it is like asking how much does a car cost - well it depends. New or used, Ford or Ferrari, perfect condition or needs work? You get my drift. So the more important question is how can I get in front of prospects and present a price they and I can accept?
This is sooooo helpful! Bookeeper/AP/AR accountant by day and I'm still checking whether I could do this on the side. I know I could help out a lot of people💃🏿 Driving school owners :) might be added to the nice list!
Morgan, Thank you for your videos. thinking about doing this as a side hustle apart from my day job. You have a easy way of explaining things so I am learning alot from you.
Hey! Glad you are learning a lot and yes, starting a part time bookkeeping business is a great way to earn additional income. Krista (FinePoints Admin)
I specialize in construction. Currently have three construction companies, one is s-corp commercial construction company. And one real estate client. Fun life. I never ever consider crafters, florists and photographers. Maybe I should, it would be easy for me probably after tackling commercial construction company.
Hello! I am currently working towards a bookkeeping certificate. This is my last semester. My husband is a Construction general contractor which is one of the reasons I decided to pursue this career. My plan is to work with other construction contractors as I get comfortable doing his books. We are in the initial stages of getting everything set up in quickbooks online. Do you have any recommendations or guidance you can give? Is quickbooks online even an ok fit for this industry?
@@sherrymorris4134 Congratulations. I would say yes it is. However, it all depends on what your husband's needs are. Is he a builder with multiple construction projects or a commercial developer who keeps track of expenses per project? Does he have multiple construction loans that are being drawn on a regular basis? How complex are his bids and invoices? Do they need to have a disclosure or notices? How complex is his change orders if any? All these items are tracked easier in the desktop version, I would recommend Enterprise. But if he is a small company with a specific nitch (siding, tile, roofing, ei) then the online version is enough. I have builders and contractors on each platform. I prefer online, but I can not imagine doing online work for my commercial developer, for him we use desktop. Having said that, payroll online is easier and more advanced. I have been switching all my desktop users to payroll online, all I do after I run payroll is manually enter payroll expense into their QBD. Years of practice will get you there. Don't give up.
@@natalyasni thank you for your reply! He is just a small LLC. He does commercial remodels and may be building a home for someone soon. He as a few people that help him from time to time. He 1099’s them. He is looking to hire a couple people here soon. He sure could use the extra hands. I help out on job sites as much as possible. He does not have any loans. He basically gives the estimate. Gets the money for the materials up from with a 10% markup. Then starts the job. Depending on the length of the job he will have have clients pay in small lump sums throughout until completion. Most of his materials come from Home Depot, Lowe’s or 84 lumber. He does bathroom remodels, decks, additions. Just about anything however when it comes to electric and more extensive plumbing he subs that out. We both liked the idea of online so that way he could snap receipts after each material or tool purchase. Hope all that helps.
@@sherrymorris4134 Yes , get the QBOcontractors edition I used it for 2ys with 0 previous experience. I was a Agency Mgr with 150 weekly payroll, job cost ,po, multi sites daily etc.
Thank you for sharing this video. I think what you said in the video, is what I could consider when it has to do with my Bookkeeping and Accounting business. Again, I thank you, so much, for sharing this video.
I'm getting ready to start my own bowling biz from home and after watching this video I'm thinking I should find a few photographers. Lol. Looking to start out super simple because I'm a nervous wreck about it! What would you charge a photographer?
First let me start by saying I love your videos and find them very helpful. Trying to start my own business now and have enrolled in your class. I was recently hired as an employee by an HOA(10-hours a week), have you ever worked with them? Any advice? I only agreed to be hired as an employee because I am just getting started and didn’t think it would hurt to just get the experience while I’m starting everything.
Morgan hasn't worked with them before, but it sounds like a great opportunity as you get started! A great way to continue learning and growing your own clientele outside of the 10 hours :) -Gabe (FinePoints Admin)
Hi im just curious as to how do you receive payments from your clients? And im assuming they get the bill every end of the month? Let me know pls! Thank you!!
Thank you for all your videos they are very helpful. Can you talk more about your virtual assistant? Where you found her? What and how she helps you? I've been very curious about this. Thanks again!
Hello, I am wondering after doing a book keeping course I would need practical practice/internship under a experienced bookkeeper/accountant. How to find this one
My question would be what would you charge these small businesses? A lot of these artsy people have a low profit margin but enough to need to file for taxes so what would be your ideal range without hurting them but not wasting your time.
Hey! Check out this video Morgan made on different size clients and how she charges them based on the services they need: ua-cam.com/video/8A877-pVRKA/v-deo.htmlsi=NftZNyK1gfwjW33y Krista (FinePoints Admin)
Hi there!. I just got a BA in finance. 3 years ago a was diagnose with kidney failure. I had a good paying job but they let me go due to changes in the industry after Covid. I refuse to collect dissability at my 51 year of age. I finished my degree 4 month ago. I am taking a bookkeepng certification, but is dificult to put knoledge into a real business scenario. Please help me get in the right track. Thans and God Bless You.
Hey! Without knowing the ins and outs of your business, it's hard to know the exact details for what the chart of accounts would look like for your business. However, Morgan does have a video on how to set up a chart of accounts (ua-cam.com/video/vdNMvIpO49Y/v-deo.html) that you might find helpful! Krista (FinePoints Admin)
Hey! Check out Morgan's video, Start a bookkeeping biz from OVERSEAS (work in the USA): ua-cam.com/video/XRK_Ww72BkQ/v-deo.html Krista (FinePoints Admin)
Hey! Morgan does not have any experience in working with real estate clients, but she does know some bookkeepers who work specifically in this area. There are lots of realtors that need a good bookkeeper! Krista (FinePoints Admin)
What other clients have you found to be good starting out as a bookkeeper? I'm going to be doing a series this month on the more "complex" niches. I've filmed videos on attorney bookkeeping and non-profit bookkeeping... which other niches are you interested in? (medical, construction, restaurant, other?)
Landscaping without construction is really straight forward! Also spa services are generally simple if they have a good POS in place. im interested in real estate bookkeeping and find lots of mixed reviews how to set up the books. You could do a video on your favorite books and resources as a business owner and bookkeeper. and also on your favorite systems platforms (gusto, bill.com, square, Tsheets, etc and how they all play in together as a whole)
I’m looking into getting into healthcare eventually; medical, therapists, dental, pharmacies, etc.
@nazy khan good to know!
@Megan Great tips, thanks!! Love those video ideas, I'll add them to my list!
I got my fourth client a couple weeks ago and it’s a gym, run by the owner and all the coaches are paid as contractors, super simple! I also did a Quickbooks setup for a family farm that was pretty easy. My third client is a wedding florist! So you’re right about that one! I have a question though: what is the bookkeeping like for a franchise business?? I’ve wondered if I should approach my local businesses that are franchises or if they just get all of it done by the corporate level?
I am a CPA who has just started my own bookkeeping business after working in public accounting and I find so much value in your videos. Thank you for helping empower other bookkeepers!
I like your cute little Billy-ball arrangement in the background. I'm a florist by day, bookkeeper by night.
same here :) im a florist too ☺️
Great video Morgan. I actually look for many of these same clients that have employees. Before that, my experience is they still feel they can handle the books themselves. They keep track of receipts, income maybe mileage on spreadsheets. Once they hit the trip wire of employees tho, that tends to open them up to considering accounting help. I take on any payroll and outsource it to a wonderful full service payroll processing company, include it in my pricing. The payroll company handles the processing and sends me any premium price I charge the client over my base rate. I agree, stay away from anyone with inventory or construction outfits that have a lot of work in process and job cost accounting issues. Should def have some experience before tackling those. You summed it up pretty nicely. Also people in the trades (plumbers, electricians, etc.) with 1 - 5 employees are great too and we can really help them a great deal with their business.
Great tips, thanks so much for sharing! I agree that a lot of people try to do their own books at the beginning--good observation that gaining employees is a kind of trigger to hire a bookkeeper.
Can you add in a subscription for QBOContractor edition?
The job costing is not that difficult to break down and run payroll per project from QB. I ran 150 employees weekly payroll out of it.
How much do you usually charge your clients?
@@a.e.6297 IT DEPENDS, anywhere from $245 per month (my minimum) up to $3,500 per month. Depends upon their size, complexity and what services they need me to handle. When I started I asked this question of others a few times and got frustrated when people would say "it depends". But it is like asking how much does a car cost - well it depends. New or used, Ford or Ferrari, perfect condition or needs work? You get my drift. So the more important question is how can I get in front of prospects and present a price they and I can accept?
Thank you Morgan your videos are really helpful and educating, I like your style of teaching, simple and straight
you are doing an amazing job, i really learn alot from you.
I appreciate that!
Thank you so much for the value you provide!
This is sooooo helpful! Bookeeper/AP/AR accountant by day and I'm still checking whether I could do this on the side. I know I could help out a lot of people💃🏿
Driving school owners :) might be added to the nice list!
Best platform to find bookkeeping job. Your video is very informative .
Glad you think so!
Morgan, Thank you for your videos. thinking about doing this as a side hustle apart from my day job. You have a easy way of explaining things so I am learning alot from you.
Hey! Glad you are learning a lot and yes, starting a part time bookkeeping business is a great way to earn additional income.
Krista (FinePoints Admin)
I specialize in construction. Currently have three construction companies, one is s-corp commercial construction company. And one real estate client. Fun life. I never ever consider crafters, florists and photographers. Maybe I should, it would be easy for me probably after tackling commercial construction company.
Hello! I am currently working towards a bookkeeping certificate. This is my last semester. My husband is a Construction general contractor which is one of the reasons I decided to pursue this career. My plan is to work with other construction contractors as I get comfortable doing his books. We are in the initial stages of getting everything set up in quickbooks online. Do you have any recommendations or guidance you can give? Is quickbooks online even an ok fit for this industry?
@@sherrymorris4134 Congratulations. I would say yes it is. However, it all depends on what your husband's needs are. Is he a builder with multiple construction projects or a commercial developer who keeps track of expenses per project? Does he have multiple construction loans that are being drawn on a regular basis? How complex are his bids and invoices? Do they need to have a disclosure or notices? How complex is his change orders if any? All these items are tracked easier in the desktop version, I would recommend Enterprise. But if he is a small company with a specific nitch (siding, tile, roofing, ei) then the online version is enough. I have builders and contractors on each platform. I prefer online, but I can not imagine doing online work for my commercial developer, for him we use desktop. Having said that, payroll online is easier and more advanced. I have been switching all my desktop users to payroll online, all I do after I run payroll is manually enter payroll expense into their QBD.
Years of practice will get you there. Don't give up.
@@natalyasni thank you for your reply! He is just a small LLC. He does commercial remodels and may be building a home for someone soon. He as a few people that help him from time to time. He 1099’s them. He is looking to hire a couple people here soon. He sure could use the extra hands. I help out on job sites as much as possible. He does not have any loans. He basically gives the estimate. Gets the money for the materials up from with a 10% markup. Then starts the job. Depending on the length of the job he will have have clients pay in small lump sums throughout until completion. Most of his materials come from Home Depot, Lowe’s or 84 lumber. He does bathroom remodels, decks, additions. Just about anything however when it comes to electric and more extensive plumbing he subs that out. We both liked the idea of online so that way he could snap receipts after each material or tool purchase. Hope all that helps.
@@sherrymorris4134 Yes , get the QBOcontractors edition
I used it for 2ys with 0 previous experience. I was a Agency Mgr with 150 weekly payroll, job cost ,po, multi sites daily etc.
What do you think about bookkeeping for real estate? Was it easy or it's a bit complex compared to others?
Hi, watching from Philippines. Thank you for sharing..
Thanks for watching!
Thank you for sharing this video. I think what you said in the video, is what I could consider when it has to do with my Bookkeeping and Accounting business. Again, I thank you, so much, for sharing this video.
You are so welcome!
I'm getting ready to start my own bowling biz from home and after watching this video I'm thinking I should find a few photographers. Lol. Looking to start out super simple because I'm a nervous wreck about it! What would you charge a photographer?
Very helpful speech, thanks
Very helpful! Thank you : )
Thanks for watching!
Great information!
Your videos help me so much 😊
I'm so glad!
First let me start by saying I love your videos and find them very helpful. Trying to start my own business now and have enrolled in your class. I was recently hired as an employee by an HOA(10-hours a week), have you ever worked with them? Any advice? I only agreed to be hired as an employee because I am just getting started and didn’t think it would hurt to just get the experience while I’m starting everything.
Morgan hasn't worked with them before, but it sounds like a great opportunity as you get started! A great way to continue learning and growing your own clientele outside of the 10 hours :) -Gabe (FinePoints Admin)
Hi im just curious as to how do you receive payments from your clients? And im assuming they get the bill every end of the month? Let me know pls! Thank you!!
Thank you for all your videos they are very helpful. Can you talk more about your virtual assistant? Where you found her? What and how she helps you? I've been very curious about this. Thanks again!
Sure thing! I have notes to film about that already. It will probably be out in July. :)
Hello jenniferdemars7936, do you need a virtual assistant?
Hello, I am wondering after doing a book keeping course I would need practical practice/internship under a experienced bookkeeper/accountant. How to find this one
My question would be what would you charge these small businesses? A lot of these artsy people have a low profit margin but enough to need to file for taxes so what would be your ideal range without hurting them but not wasting your time.
Hey! Check out this video Morgan made on different size clients and how she charges them based on the services they need: ua-cam.com/video/8A877-pVRKA/v-deo.htmlsi=NftZNyK1gfwjW33y
Krista (FinePoints Admin)
Nice video!! do all of them need to track the inventory?
Nope! :)
Hi there!. I just got a BA in finance. 3 years ago a was diagnose with kidney failure. I had a good paying job but they let me go due to changes in the industry after Covid. I refuse to collect dissability at my 51 year of age. I finished my degree 4 month ago. I am taking a bookkeepng certification, but is dificult to put knoledge into a real business scenario. Please help me get in the right track. Thans and God Bless You.
Could you tell me why you think Real Estate agents would be complicated? Thanks :)
From where we get with online bookkeeping work with genuine payment. Means sites.I am the beginner
What about Landscaping businesses?
How is the bookkeeping for a landscaping business? or how can I approaching them to offer my services?
What do you think about dope CFO?
What would the chart of accounts for a home baker look like?
Hey! Without knowing the ins and outs of your business, it's hard to know the exact details for what the chart of accounts would look like for your business. However, Morgan does have a video on how to set up a chart of accounts (ua-cam.com/video/vdNMvIpO49Y/v-deo.html) that you might find helpful!
Krista (FinePoints Admin)
Can a person living outside US have success in getting clients in US. What should I consider
Hey! Check out Morgan's video, Start a bookkeeping biz from OVERSEAS (work in the USA): ua-cam.com/video/XRK_Ww72BkQ/v-deo.html
Krista (FinePoints Admin)
Can you direct me to the marketing video?
What about real estate?
Hey! Morgan does not have any experience in working with real estate clients, but she does know some bookkeepers who work specifically in this area. There are lots of realtors that need a good bookkeeper!
Krista (FinePoints Admin)
Hey Morgan how can i advertise my bookkeeping business??
Hi! Here's my video with all my marketing ideas: ua-cam.com/video/v92DBK9dbLA/v-deo.html
🩷💎🩵🩷💎🩵
Provide me small business accountants Contact in your area