The Better Bookkeeper Podcast: Recent Episodes
Patrick Donovan
Become more confident as a bookkeeping professional by getting a deeper understanding of why bookkeepers do what they do.
Bookkeeping can be overwhelming at times. Learn what you can do to build your confidence and improve your brand.
There is much to learn, and set up, when onboarding a new client. You need to know their business, what is involved in your upcoming activities, and that you are pricing your services accurately. Listen to find out more about what you should be doing when brining on a new client.
Tax season can be a grueling time for bookkeepers and small business owners. You may be sitting in the corner licking your wounds from this year but it doesn't have to be this way next year. In today's episode we discuss 6 steps that you can take to make tax time easier for you in the future.
For a transcript, please visit https://www.thebetterbookkeeper.com/020.
To purchase our online course, Bookkeeping Fundamentals, please visit https://courses.thebetterbookkeeper.com.
Thank you for listening and enjoy the episode!
Fixed assets are durable, long-living assets used by your business to help generate revenue. Over time, these assets are depreciated to account for wear and tear and age. Find out more in today's episode.
We have expanded to now offer online courses with The Better Bookkeeper Courses. Our first online course is on Bookkeeping Fundamentals. To celebrate the launch, listeners will receive 50% off when they use code HALFOFF at checkout.
Click here to learn more.
Stay tuned because our next podcast episode will be available shortly.
Explaining what accounts payable are and reviewing the process for managing them is the topic of this episode.
Learn more about accounts receivable, how to analyze it, and work with an accounts receivable aging report. Staying on top of accounts receivable will improve cash flow. For a transcript, visit https://www.thebetterbookkeeper.com/016.
Understanding your role as a bookkeeping professional enables you to provide more value to your employer or client.
Patrick explains Revenue Recognition, Materiality, Conservatism, and the Full Disclosure Principle.
GAAP stands for Generally Accepted Accounting Principles and are what accounting professionals abide by when recording transactions and generating financial statements. In this episode, Patrick talks about a few of these including the Economic Entity Assumption, Going Concern, Cost Principle, Accrual Method, and the Matching Principle.
Year-end can be very stressful but hopefully this episode will remind you of many of the items that you should be addressing. Demonstrate that you are a bookkeeping professional by giving your clients a 5-star experience!
Learn the purpose of the Statement of Cash Flows and how it provides information that you can't get from other financial statements.
Find out what information the Balance Sheet can provide by using Vertical Analysis and some basic math.
This week, Patrick goes into a deeper dive about Income Statements and discusses Vertical Analysis. This analysis helps you extract additional information from your Income Statement and leads to better and more informed decisions.
See how well you did with the sample transaction data from last week's show notes. Patrick explains the answers, which are included in this episode's show notes. How well did you do?
This week, Patrick explains Double Entry Bookkeeping with some examples. Resources will be available at thebetterbookkeeper.com/005.
In this episode, Patrick explains debits and credits. Check out the show notes at thebetterbookkeeper.com/004 for a PDF file and an infographic that help explain this concept.
In this episode, we talk about the two different methods of accounting: cash and accrual. We talk about why each has its benefits and our view on why one is better than the other.
The Chart of Accounts is the backbone of your accounting system so becoming intimately familiar with it will improve your bookkeeping results.
Our first episode! Bookkeeping professionals bring value to any business. This podcast will show you how to unlock that value. Be Knowledgeable. Be Marketable...with The Better Bookkeeper Podcast.