I'll keep that in mind the next time I create a video on this subject. I agree that more troubleshooting examples would be helpful for people. Thanks for commenting.
This video is extremely helpful. Would love to see any trust reports you have created in QBO, what perimeters you used to create them and how to interpret the data of the report. Also would love to see the additional videos you have referenced. Have you posted any yet. I just subscribed today.
I have a law firm playlist with a few videos. I'll be making more law firm/Trust account videos in the future but it will take some time. I'll keep the Trust report request in mind as I create videos.
Thanks for this video. Can you make a video on a step by step how to reconcile a trust from start (uploading banks, credit cards etc) to finish including journals. Also walk through taking over a Trust account from another bookkeeper, what to ask the attorney and outgoing bookkeeper to provide before the reconciliation starts as well as typical charts of accounts
When taking over any account from another bookkeeper, I try to schedule a video meeting with them where they walk me through their main month-to-month processes. And I also look back at prior entries to see how they posted things. I've taken over accounts where I wasn't given any information and had to piece things together by looking at prior entries. In that case I simply write out what I can find in the system, and add my own processes from there based on general accounting knowledge.
@@michellenewberry thank you. The latter might be the case for this client. Hopefully I’ll get enough information from her, I’m yet to access the books but I was told she used her own QB.
I would love to see a version where there are problems you need address/troubleshoot.
I'll keep that in mind the next time I create a video on this subject. I agree that more troubleshooting examples would be helpful for people. Thanks for commenting.
This video is extremely helpful. Would love to see any trust reports you have created in QBO, what perimeters you used to create them and how to interpret the data of the report. Also would love to see the additional videos you have referenced. Have you posted any yet. I just subscribed today.
I have a law firm playlist with a few videos. I'll be making more law firm/Trust account videos in the future but it will take some time. I'll keep the Trust report request in mind as I create videos.
Thanks for this video. Can you make a video on a step by step how to reconcile a trust from start (uploading banks, credit cards etc) to finish including journals. Also walk through taking over a Trust account from another bookkeeper, what to ask the attorney and outgoing bookkeeper to provide before the reconciliation starts as well as typical charts of accounts
When taking over any account from another bookkeeper, I try to schedule a video meeting with them where they walk me through their main month-to-month processes. And I also look back at prior entries to see how they posted things. I've taken over accounts where I wasn't given any information and had to piece things together by looking at prior entries. In that case I simply write out what I can find in the system, and add my own processes from there based on general accounting knowledge.
I have some more Trust account videos planned in the next few months. I'll keep your comment in mind.
@@michellenewberry thank you. The latter might be the case for this client. Hopefully I’ll get enough information from her, I’m yet to access the books but I was told she used her own QB.
@@michellenewberry thank you. I’ll appreciate your videos and I look forward to watching and learning more from you.
My client doesn’t have each customer accounts.
Any recommendations on how to handle it in bulk.
My client keeps everything in a separate software.
It would be really hard to answer that question without seeing that specific situation.
Does this work for an insurance agency?
I'm not sure. I haven't used it for that type of company.