El Accounting

๐Ÿ“ˆ Bookkeeping Partner of Start-Up Businesses in Updating Financial Reports using Quickbooks Online. Let me save your financials today!

Photos from El Accounting's post 11/10/2023

I WAS PRANKED.

Joy, one of the members of my team, kept on nagging me to join the Skype call.

On a Sunday night haha!

She said itโ€™s going to be about a DC dry run she was preparing for for her prospect. Of course I couldnโ€™t say no to that! Everybodyโ€™s so excited about it.

When I jumped on the call, while waiting for the other team members to come in, I even gave some casual tips when youโ€™re about to do your 1st DC.

Once the group was completed in the call, Joy started saying something!!

I-susurpirse pala nila kami!

Suddenly, each one of them started talking and how they were so grateful for this group, family rather, that weโ€™ve built altogether.

I was so surprised!

They even presented us certificates of appreciation- the team leaders & other guest speakers we invited over.

I was so touched!

Now Iโ€™m sharing it below.

Thank you, team !

I am indeed happy to be one of the fortunate people to have seen your growth game here.

As Iโ€™ve said in the call, if somebodyโ€™s going to ask me: โ€œwhat is your teamโ€™s core value?โ€

At a snap, I would say: โ€œhelping other people beyond meansโ€

And I must say this is what I learned too from the past 10 weeks (& counting) that weโ€™ve all been together.

So yep.

Cheers yโ€™all!

10/10/2023

๐—ช๐—ฒโ€™๐—ฟ๐—ฒ ๐—ด๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐—ผ๐˜‚๐˜ ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐—ต๐˜‚๐—ด๐˜€ ๐˜๐—ผ๐—ฑ๐—ฎ๐˜†! ๐ŸŽƒ๐Ÿ

82 days til the end of year & you are doing JUST great. You have been resilient since the beginning of the year. Itโ€™s a reminder that itโ€™s never too late for you to do the things that youโ€™ve been wanting to do.

Remember this: ๐—œ๐—ณ ๐˜๐—ต๐—ฒ๐˜† ๐—ฐ๐—ฎ๐—ป, ๐˜„๐—ต๐˜† ๐—ฐ๐—ฎ๐—ปโ€™๐˜ ๐—œ?

09/10/2023

๐Ÿ‘ป๐—•๐—ผ๐—ผ! ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐˜๐—ฎ๐˜…๐—ฒ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ฑ๐˜‚๐—ฒ!

๐— ๐—ฒ: Get yourself a tax return preparer!

๐—ฌ๐—ผ๐˜‚: But what do I look for in one?

Check this out!

--

๐ŸŒ€ Ensure the preparer signs and includes their PTIN
๐ŸŒ€ Make sure the preparer is available year-round
๐ŸŒ€ Review the preparer's history
๐ŸŒ€ Ask about service fees
๐ŸŒ€ Ensure their preparer offers IRS e-file
๐ŸŒ€ Understand the preparer's credentials and qualifications

--

Hope that helps you pick your next tax rockstar tax preparer!

03/10/2023

๐Ÿฏ ๐—ผ๐—ฏ๐˜€๐˜๐—ฎ๐—ฐ๐—น๐—ฒ๐˜€ ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป "๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฐ๐—ผ๐—บ๐—ฒ" ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ต๐—ถ๐—ฒ๐˜ƒ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฟ๐—ฒ๐—ฎ๐—น ๐—ฒ๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐—ฏ๐—ผ๐—ผ๐—ธ๐—ธ๐—ฒ๐—ฒ๐—ฝ๐—ถ๐—ป๐—ด ๐—ด๐—ผ๐—ฎ๐—น๐˜€!
โœ… Tracking prepaid rental payments
- make sure you debit to rent expense to increase your expense and credit to prepaid rental to decrease the corresponding asset. ideally, post this every 30th of the month
โœ… Reconciling loans, mortgages, and interest payments
- make sure you set up your loan on the date that you obtained it. prepare a table on your spreadsheets, for the incoming interest/payments/amortization until the end of loan. ideally update it every monthly cutoff depending on your contract of loan terms
โœ… Accounting for capital accounts & tracking ownerโ€™s finance allocation
- make sure you capitalize the fixed assets and its borrowing cost. prepare also a spreadsheet beforehand so you know already how much to update on a timely basis
Hope that clears some confusion for real estate pros out there!!
Let me know in the comment section below any clarifications you have!
Do you experience the same obstacles?
hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag

Photos from El Accounting's post 28/09/2023

โœ๏ธ ๐Ÿฏ ๐——๐—œ๐—ฌ ๐—•๐—ผ๐—ผ๐—ธ๐—ธ๐—ฒ๐—ฒ๐—ฝ๐—ถ๐—ป๐—ด ๐— ๐—ถ๐˜€๐˜๐—ฎ๐—ธ๐—ฒ๐˜€ ๐˜๐—ผ ๐—”๐˜ƒ๐—ผ๐—ถ๐—ฑ & ๐—ต๐—ฒ๐—ฟ๐—ฒโ€™๐˜€ ๐—ต๐—ผ๐˜„!

Hey, real estate pros! If you're managing your own bookkeeping, it's crucial to steer clear of these three common pitfalls.

โ€”

Avoiding these mistakes is key to maintaining accurate financial records.

How?

Work with a professional that specializes in the real estate industry.

Remember, ๐—ฝ๐—ฟ๐—ฒ๐—ฐ๐—ถ๐˜€๐—ฒ ๐—ฏ๐—ผ๐—ผ๐—ธ๐—ธ๐—ฒ๐—ฒ๐—ฝ๐—ถ๐—ป๐—ด ๐˜€๐—ฒ๐˜๐˜€ ๐˜๐—ต๐—ฒ ๐˜€๐˜๐—ฎ๐—ด๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐˜€๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€!

27/09/2023

๐Ÿงพ๐——๐—ผ๐—ฒ๐˜€ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฐ๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐˜ ๐—ฏ๐—ผ๐—ผ๐—ธ๐—ธ๐—ฒ๐—ฒ๐—ฝ๐—ถ๐—ป๐—ด ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ ๐—น๐—ผ๐—ผ๐—ธ๐˜€ ๐—น๐—ถ๐—ธ๐—ฒ ๐—ฎ ๐˜€๐—ต๐—ผ๐—ฒ๐—ฏ๐—ผ๐˜… ๐—ผ๐—ณ ๐—ฟ๐—ฒ๐—ฐ๐—ฒ๐—ถ๐—ฝ๐˜๐˜€?

Uh-oh. If you answered yes, then YOU gotta DO something about it. How?

We got your back!

It is our dream to help you figure out your figures. We would review your shoebox, I mean, your current bookkeeping system. Weโ€™ll give you our audit findings and recommendations.

We will strategize & make sure youโ€™re just on time for your monthly financial reporting.

Now, book a call on my calendly page (check 1st comment below).

Too busy? Ok just comment below and I myself would reach to you. See ya!

Photos from El Accounting's post 22/09/2023

How does a ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐˜† ๐™€๐˜ผ๐™๐™‰?

๐Ÿ” Save this carousel for later!
โค๏ธ HEART, if you enjoyed reading!
๐Ÿ”” TAP the bell buttons, if you want more posts like this!

21/09/2023

Hereโ€™s a good meme ๐Ÿค— as weโ€™re about to end the week~ Wohoot!

20/09/2023

๐—ช๐—ฒ๐—ฒ๐—ธ ๐Ÿด

Cheers to everyone who made it 'til the end of our last week's ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฐ๐—ฎ๐—น๐—น!

With our special guest, TL Nikkie John Abilar & our very own Ms. Mary Ann Chiu๐Ÿ”ฅ๐Ÿ”ฅ

You guys made it here.

๐—ฃ๐—ฎ๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ๐˜€๐—ฒ๐—น๐˜ƒ๐—ฒ๐˜€ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐—ฐ๐—ผ๐˜€ ๐˜†๐—ผ๐˜‚'๐—ฟ๐—ฒ ๐—ฎ๐—น๐—น ๐—ฑ๐—ผ๐—ถ๐—ป๐—ด ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜!

I am so happy to be a part of your journey.

Every week, I pray that even just a little, my fellow team leaders and I were able to impart a bit of knowledge to you, our dear TEAM.

This is not the end.

This is just the beginning of a wonderful and career for each everyone of you.

Kampay!

19/09/2023

Attention: ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐—น๐—ผ๐—ฟ๐—ฑ๐˜€๐Ÿ˜๏ธ
Hereโ€™s ๐˜๐—ผ๐—ฝ ๐Ÿฏ ๐—บ๐—ถ๐˜€๐˜๐—ฎ๐—ธ๐—ฒ๐˜€ you can ๐—ฎ๐˜ƒ๐—ผ๐—ถ๐—ฑ so you stop losing your rental money & ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ถ๐˜€ ๐—ต๐—ผ๐˜„:
โŒโŒNOT keeping track of the income & expenses generated from your rental properties.

โœ…โœ…You SHOULD use your preferred accounting and/or property management software to reconcile your income and expenses. By the end of the month, it would be a lot easier for you to track your income & expenses.

- Best used accounting softwares for landlords are QBO, XERO and WAVE.

-Best used property management softwares are Buildium, Appfolio, Doorloop.
โŒโŒNOT knowing when to issue 1099 forms and who shall receive it

โœ…โœ…You SHOULD read certain tax regulations. Learn by doing. These are available on the internet. Or you could consult an expert such as EA or CPA.
โŒโŒNOT educating yourselves on the proper way of operating your real & investment properties, in order to maximize their deductions and pay the least amount in your State.

โœ…โœ…You SHOULD have a separate sheet for each of your properties. The inflow and outflow. Again, read regulations and follow your federal and state tax regulators to keep yourself updated. Consult with an expert.
If not done right, this will cause you a lot of money!๐Ÿ˜ฑ

18/09/2023

๐Ÿ‚๐—™๐—”๐—Ÿ๐—Ÿ-๐—ถ๐—ป๐—ด ๐—ฏ๐—ฒ๐—ต๐—ถ๐—ป๐—ฑ ๐—ผ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐—ผ๐—ผ๐—ธ๐—ธ๐—ฒ๐—ฒ๐—ฝ๐—ถ๐—ป๐—ด?

We got you covered!

Hereโ€™s what you can do.

Take a DEEEEEP breath. Then..

โœ…Match your last yearโ€™s filed tax return to your opening balances this year

โœ…Gather all your bank & credit card statements. Convert from pdf to csv file.

โœ…Upload the CSV file to your accounting software

โœ…Start categorizing (QBO) / start reconciling (XERO) your banks and CC. Create bank rule to make it easy, if possible

โœ…Conduct bank and credit card recon

โœ…Close the books

โœ…Prepare reports!๐Ÿค˜

Still feeling behind? ๐Ÿ’โ€โ™€๏ธ

Iโ€™m one DM away. Or you could schedule a free call on my calendly page (go to first comment below)

Together, letโ€™s achieve an un-falling apart bookkeeping!๐Ÿ˜‰

13/09/2023

no captions, just a wake up call from Grant Cardone

11/09/2023

Here's my favorite takeaway from day 1 of 3-day free webinar of The Shepherd Virtual Accountants and Bookkeepers- ๐”๐ง๐ฅ๐จ๐œ๐ค๐ข๐ง๐  ๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ: ๐Œ๐š๐ฌ๐ญ๐ž๐ซ๐ข๐ง๐  ๐‘๐ž๐š๐ฅ ๐„๐ฌ๐ญ๐š๐ญ๐ž ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ข๐ง๐  ๐š๐ฌ ๐š ๐œ๐ฅ๐ข๐ž๐ง๐ญ ๐ฆ๐š๐ ๐ง๐ž๐ญ

--

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1) Accrual accounting

๐Ÿ Should you recognize income right away when you receive cash for rent paid in advance?


2) Cost allocation

๐Ÿ Do you correctly depreciate your fixed assets?
๐Ÿ When creating multiple project phases, can you really determine how much profit (or loss) will you make in each phases?


3) Cash flow management

๐Ÿ Do you have huge amount of tenant's receivables?
๐Ÿ Are you really able to meet your financial obligations on time?


Thank you, TL Kim & TL Regina for sharing a snappy and value-tight real estate acctg discussion! Bless your dreams! ๐Ÿฅณ


Thank you TBSA, Coach Shary, Coach VP, Admins Ms. Ruffa, Fritzs, Fredelin for putting up this 3-day webinar. See you all again tomorrow!

Photos from Ehlgee Labutong Accounting Firm's post 23/06/2023

๐ง๐ž๐ฏ๐ž๐ซ ๐ก๐š๐ฏ๐ž ๐ข๐ฆ๐š๐ ๐ข๐ง๐ž๐ ๐ข๐ง ๐ฆ๐ฒ ๐ฅ๐ข๐Ÿ๐ž ๐ญ๐ก๐š๐ญ ๐ข ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ž๐ฏ๐ž๐ซ ๐›๐ž๐œ๐จ๐ฆ๐ž ๐š ๐ญ๐ž๐š๐ฆ ๐ฅ๐ž๐š๐๐ž๐ซ

thank you, family, for this beautiful journey you have allowed me to be a part of

to my team, the unstoppable team, continue to soar high!

Timeline photos 22/06/2023

๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ถ๐—ป๐—ด ๐—ถ๐˜€ ๐—ฎ ๐˜€๐˜‚๐—ฝ๐—ฒ๐—ฟ๐—ฝ๐—ผ๐˜„๐—ฒ๐—ฟ

learn it and you'll have enough data which will help you make smart decisions

so here's 5 reasons ๐˜๐—ผ ๐—ฐ๐—ผ๐—ป๐˜ƒ๐—ถ๐—ป๐—ฐ๐—ฒ ๐˜†๐—ผ๐˜‚ ๐˜๐—ผ ๐—ฑ๐—ผ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ถ๐—ด๐—ต๐˜ immediately:

1๏ธโƒฃ unleash the power of insights

2๏ธโƒฃ minimize guesswork, maximize accuracy

3๏ธโƒฃ anticipate future scenarios

4๏ธโƒฃ enhance efficiency and productivity

5๏ธโƒฃ stay ahead of the competition

which of these reasons you are most convincing to you? share your thoughts in the comments! let's level our accounting skills together. ๐Ÿ’ฐ

Timeline photos 21/06/2023

ehem.. ๐—ฎ๐—ป๐—ด ๐—ด๐—ฎ๐—ด๐—ฎ๐—ป๐—ฑ๐—ฎ'๐˜ ๐—ฝ๐—ผ๐—ฝ๐—ผ๐—ด๐—ถ ๐—ป๐—ฎ๐—บ๐—ฎ๐—ป ๐—ป๐—ด ๐—บ๐—ด๐—ฎ ๐—ถ๐˜๐—ผ

sino ba sila? edi #๐˜‚๐—ป๐˜€๐˜๐—ผ๐—ฝ๐—ฝ๐—ฎ๐—ฏ๐—น๐—ฒ๐˜๐—ฒ๐—ฎ๐—บ SOLID!! haha

this is our last accountability call but hep hep!!

this doesn't end here!

here's why:

(1) next week, we've decided to have an extended AC as sir Nikkie Abellar, one of the students of the master class from batch 11, volunteered to step up & would love to help his classmates how to hack upwork ๐Ÿ˜Ž kahit ako excited na dito! let's go! ๐Ÿ”ฅ

(2) for the month of july, the team committed to get certified on QBO and XERO. altogether, we will take QBO and XERO exam on july 5th and july 19th, respectively. (waaa looking forward ako dito!)

(3) 1:1 coaching call with TLs para sa mga consistent na sheep :) pero gayunpaman, di mawawala ang paningin natin sa mga lost sheep. we will find them and make sure to help them reroute :-)

sobrang saya ng puso ko ngayon; halos mag-iyakan na kami sa sobrang taas ng emotions kanina sa zoom; proud ako sa inyo, team unstoppable.

you all deserve the name

sarap ng may community noh?

if you're looking for one, tara sama ka samin!

message mo ko or kahit sino saming tl

or if shy ka, click mo lang 'yung link sa first comment box hihi

see you!

Timeline photos 20/06/2023

From shackles to liberation, ๐‰๐ฎ๐ง๐ž๐ญ๐ž๐ž๐ง๐ญ๐ก 's delight, a joyful commemoration, shining hope's light!

Happy Juneteenth, we say!

Timeline photos 19/06/2023

happy father's day to all the dads out there!

๐—ฎ๐—ป๐—ฑ ๐˜๐—ผ ๐—ฎ๐—ป๐˜†๐—ผ๐—ป๐—ฒ ๐˜„๐—ต๐—ผ ๐—ถ๐˜€๐—ป'๐˜ ๐—ผ๐—ป๐—ฒ ๐—ฏ๐˜‚๐˜ ๐˜€๐˜๐—ผ๐—ผ๐—ฑ ๐˜‚๐—ฝ ๐—ฎ๐˜€ ๐—ฎ ๐—ณ๐—ฎ๐˜๐—ต๐—ฒ๐—ฟ ๐—ณ๐—ถ๐—ด๐˜‚๐—ฟ๐—ฒ!

i see you & i'm proud of you! ๐ŸคŸ๐ŸคŸ

Photos from Ehlgee Labutong Accounting Firm's post 13/06/2023

๐Ÿ ๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐จ๐ฐ๐ง ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ซ๐ž๐š๐ฅ ๐ž๐ฌ๐ญ๐š๐ญ๐ž๐ฌ?

If yes, you should KNOW your federal tax responsibilities!

Let's begin with rental income first.

๐‡๐ˆ๐๐“: All rental income must be reported on your tax return!๐Ÿ˜ฒ

๐๐ž๐ž๐ ๐š ๐œ๐ก๐ž๐š๐ญ ๐ฌ๐ก๐ž๐ž๐ญ?

Check out below! ;)

Timeline photos 02/06/2023

๐๐จ๐จ๐ค๐ค๐ž๐ž๐ฉ๐ข๐ง๐  ๐ข๐ฌ ๐ญ๐ž๐๐ข๐จ๐ฎ๐ฌ. ๐ˆ ๐Š๐๐Ž๐–

Thatโ€™s why ๐™„ ๐™๐™๐™‚๐™€ you to dedicate a small amount of time to it - consistently.

IF you do this, youโ€™re saving yourself from a huge pile of mess in QBO. Also, a ๐™ฅ๐™š๐™–๐™˜๐™š ๐™ค๐™› ๐™ข๐™ž๐™ฃ๐™™!

Wanna know more about how you do proper bookkeeping?

Follow for more tips! :)

Timeline photos 31/05/2023

โ˜„๏ธ ๐๐ž๐ฐ ๐ ๐จ๐จ๐ ๐ซ๐ž๐š๐ ๐š๐ฅ๐ž๐ซ๐ญ!!

My mentor recommended a good book for me. Itโ€™s called the โ€œ10๐Ÿ†‡ ๐Ÿ†๐Ÿ†„๐Ÿ…ป๐Ÿ…ดโ€ by ๐—š๐—ฟ๐—ฎ๐—ป๐˜ ๐—–๐—ฎ๐—ฟ๐—ฑ๐—ผ๐—ป๐—ฒ.

And one of my favorite lines that truly struck me is this:

โ€œ๐‘ฐ๐’• ๐’Š๐’” ๐’š๐’๐’–๐’“ ๐’…๐’–๐’•๐’š ๐’•๐’ ๐’ƒ๐’† ๐’”๐’–๐’„๐’„๐’†๐’”๐’”๐’‡๐’–๐’. ๐‘ซ๐’ ๐’๐’๐’• ๐’—๐’Š๐’†๐’˜ ๐’”๐’–๐’„๐’„๐’†๐’”๐’” ๐’‚๐’” ๐’‚๐’ ๐’๐’‘๐’•๐’Š๐’๐’.โ€

He said that it is a disservice to myself, to my family, my loved ones, if I donโ€™t become successful.

And that made me realize that nobody could save me or make me successful except myself!

Hence, taking massive actions (10x!!) is the only way to fulfill my true potential. โ˜„๏ธ

๐™ƒ๐™ค๐™ฌ ๐™–๐™—๐™ค๐™ช๐™ฉ ๐™ฎ๐™ค๐™ช? ๐™’๐™๐™–๐™ฉโ€™๐™จ ๐™ฎ๐™ค๐™ช๐™ง ๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™ฉ ๐™ง๐™š๐™–๐™™? :)

Timeline photos 29/05/2023

๐—›๐—ผ๐˜„ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ผ๐—ป๐—ฒ ๐—ฟ๐—ฒ๐—ฎ๐—น ๐—ฒ๐˜€๐˜๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜๐—ฒ ๐—ฎ ๐˜„๐—ผ๐—ฟ๐—ธ๐—ณ๐—น๐—ผ๐˜„ ๐—ณ๐—ผ๐—ฟ ๐—ต๐—ถ๐˜€/๐—ต๐—ฒ๐—ฟ ๐—ค๐—•๐—ข ๐—ฏ๐—ผ๐—ผ๐—ธ๐—ธ๐—ฒ๐—ฒ๐—ฝ๐—ถ๐—ป๐—ด?

๐™’๐™š๐™ก๐™ก ๐™˜๐™ค๐™ฃ๐™ฉ๐™ž๐™ฃ๐™ช๐™š ๐™ฉ๐™ค ๐™ง๐™š๐™–๐™™ ๐™—๐™š๐™˜๐™–๐™ช๐™จ๐™š ๐™๐™š๐™ง๐™šโ€™๐™จ 5 ๐—ค๐—•๐—ข ๐™ข๐™ค๐™ฃ๐™ฉ๐™๐™ก๐™ฎ #๐™—๐™ค๐™ค๐™ ๐™ ๐™š๐™š๐™ฅ๐™ž๐™ฃ๐™œ ๐™จ๐™ฉ๐™š๐™ฅ๐™จ ๐™›๐™ค๐™ง ๐™ฎ๐™ค๐™ช!

(๐Ÿ) ๐‘๐ž๐œ๐จ๐ซ๐ โœ๏ธ
Add transactions to QBO thru the ff:
๐Ÿ“Œ Bank feeds
๐Ÿ“Œ Manually (invoices, customer payments, expenses, sales tax, etc.)
๐Ÿ“Œ Integrated apps (Paypal, Square, etc.)

(๐Ÿ) ๐‘๐ž๐œ๐จ๐ง๐œ๐ข๐ฅ๐ž ๐Ÿงฎ
Agree bank & credit cards balance vs. QBO balance

(๐Ÿ‘) ๐‘๐ž๐ฏ๐ข๐ž๐ฐ ๐Ÿ”
Check for any accuracy by ensuring the ff:
๐Ÿ“Œ No more old items in bank feeds
๐Ÿ“Œ No more uncleared transactions in bank recon window
๐Ÿ“Œ No more old balances in undeposited funds
๐Ÿ“Œ No more abnormal balances
๐Ÿ“Œ All bank & credit cards re reconciles
๐Ÿ“Œ Review profit & loss for any unusual or unexpected balances/movement
๐Ÿ“Œ Review balance sheet for any unusual or unexpected balances/movement

(๐Ÿ’) ๐‘๐ž๐ฏ๐ข๐ฌ๐ž ๐Ÿ“
Based on step 3, make adjustments/corrections if any.

(๐Ÿ“) ๐‘๐ž๐ฌ๐ญ๐ซ๐ข๐œ๐ญ ๐Ÿ”
Lock the books in to prevent accidental changes.

Any clarifications above?

Drop your comments below or probably shoot me a msg and Iโ€™ll help you better understand it!

Timeline photos 25/05/2023

โ˜„๏ธ ๐๐ž๐ฐ ๐ ๐จ๐จ๐ ๐ซ๐ž๐š๐ ๐š๐ฅ๐ž๐ซ๐ญ!!

My mentor recommended a good book for me. Itโ€™s called the โ€œ10x ruleโ€ by Grant Cardone.

And one of my favorite lines that truly struck me is this: โ€œIt is your duty to be successful. Do not view success as an option.โ€

He said that it is a disservice to myself, to my family, my loved ones, if I donโ€™t become successful.

And that made me realize that nobody could save me or make me successful except myself!

Hence, taking massive actions (10x!!) is the only way to fulfill my true potential. โ˜„๏ธ

How about you? Whatโ€™s your current read? :)

Timeline photos 30/09/2022

โ˜„๏ธ So a friend of mine just asked me to read this book called "๐’๐ž๐œ๐ซ๐ž๐ญ๐ฌ ๐จ๐Ÿ ๐š ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง๐š๐ข๐ซ๐ž ๐ฆ๐ข๐ง๐" by T. Harv Eker.
Basically it talks about our ๐™ช๐™ฃ๐™˜๐™ค๐™ฃ๐™จ๐™˜๐™ž๐™ค๐™ช๐™จ ๐™—๐™ž๐™–๐™จ which, in most cases, drives our thinking which leads to action and then outcome.
๐™ฉ๐™๐™ž๐™ฃ๐™ ๐™ž๐™ฃ๐™œ > ๐™–๐™˜๐™ฉ๐™ž๐™ค๐™ฃ > ๐™ค๐™ช๐™ฉ๐™˜๐™ค๐™ข๐™š
๐™ฉ๐™๐™ž๐™ฃ๐™ ๐™ž๐™ฃ๐™œ > ๐™–๐™˜๐™ฉ๐™ž๐™ค๐™ฃ > ๐™ค๐™ช๐™ฉ๐™˜๐™ค๐™ข๐™š
๐™ฉ๐™๐™ž๐™ฃ๐™ ๐™ž๐™ฃ๐™œ > ๐™–๐™˜๐™ฉ๐™ž๐™ค๐™ฃ > ๐™ค๐™ช๐™ฉ๐™˜๐™ค๐™ข๐™š
So far I'm enjoying it and learning from it so I thought why not share it to people who takes action like a millionaire like you guys.
I'm gon be sharing a few wealth principle as I go along so it would be meaningful!
How about you, guys? What's your current good read? :))

Timeline photos 28/09/2022

How to stay vigilant on your liquidity cycle to ensure that you retain your competitive edge?

Read on and youโ€™ll learn how!
1) Prioritizing in accordance with the due dates
When it comes to paying back the creditors, a useful approach in certain cases is to ensure that there is proper clarity regarding the possible discounts which can be availed, by obliging with the stipulated deadline.

Timeline photos 26/09/2022

Wouldnโ€™t life be simple if you could guarantee that your invoice would get paid on time every time?

Reado on and youโ€™ll learn how!

1 . Invoice promptly- The longer you take to invoice someone, the more likely the bill wonโ€™t get paid. Of course, no invoice normally means no paymentโ€ฆ

24/08/2022

๐—œ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜€๐—ฐ๐—ถ๐—ผ๐˜‚๐˜€, ๐˜๐—ต๐—ฒ๐—ป ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—น๐—ถ๐˜ƒ๐—ฒ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜„๐—ต๐—ผ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐—ง๐—ข๐——๐—”๐—ฌ ๐—ฟ๐—ฎ๐˜๐—ต๐—ฒ๐—ฟ ๐˜๐—ต๐—ฎ๐—ป ๐˜„๐—ต๐—ผ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฒ๐—ฟ๐—ฒ ๐—ฌ๐—˜๐—ฆ๐—ง๐—˜๐—ฅ๐——๐—”๐—ฌ.


Forget the fears, beliefs and insecurities that were only handed down from your old generations to you because ๐—ง๐—›๐—œ๐—ฆ ๐—”๐—œ๐—ก'๐—ง ๐—ฌ๐—ข๐—จ!


This is just the programming that you need to get out of-- it's just simply a recording of information you received and believed in the past, when ๐™”๐™Š๐™ ๐™’๐™€๐™๐™€ ๐™๐™Š๐™Š ๐™”๐™Š๐™๐™‰๐™‚ ๐™๐™Š ๐™†๐™‰๐™Š๐™’ ๐˜ผ๐™‰๐™” ๐˜ฝ๐™€๐™๐™๐™€๐™.


Again, this is NOT you!


So what you do now is-- you let go of this old programming that isn't supportive to your wealth.


Then, ๐—ฅ๐—˜๐—ฃ๐—Ÿ๐—”๐—–๐—˜ it with thoughts and beliefs that ๐—ข๐—ก๐—Ÿ๐—ฌ ๐—˜๐— ๐—ฃ๐—ข๐—ช๐—˜๐—ฅ๐—ฆ ๐—ฌ๐—ข๐—จ.


Let's chat in the comments! ๐Ÿฅณ

23/08/2022

๐—œ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜€๐—ฐ๐—ถ๐—ผ๐˜‚๐˜€, ๐˜๐—ต๐—ฒ๐—ป ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—น๐—ถ๐˜ƒ๐—ฒ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜„๐—ต๐—ผ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐—ง๐—ข๐——๐—”๐—ฌ ๐—ฟ๐—ฎ๐˜๐—ต๐—ฒ๐—ฟ ๐˜๐—ต๐—ฎ๐—ป ๐˜„๐—ต๐—ผ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฒ๐—ฟ๐—ฒ ๐—ฌ๐—˜๐—ฆ๐—ง๐—˜๐—ฅ๐——๐—”๐—ฌ.

Forget the fears, beliefs and insecurities that were only handed down from your old generations to you because ๐—ง๐—›๐—œ๐—ฆ ๐—”๐—œ๐—ก'๐—ง ๐—ฌ๐—ข๐—จ!

This is just the programming that you need to get out of-- it's just simply a recording of information you received and believed in the past, when ๐™”๐™Š๐™ ๐™’๐™€๐™๐™€ ๐™๐™Š๐™Š ๐™”๐™Š๐™๐™‰๐™‚ ๐™๐™Š ๐™†๐™‰๐™Š๐™’ ๐˜ผ๐™‰๐™” ๐˜ฝ๐™€๐™๐™๐™€๐™.

Again, this is NOT you!

So what you do now is-- you let go of this old programming that isn't supportive to your wealth.

Then, ๐—ฅ๐—˜๐—ฃ๐—Ÿ๐—”๐—–๐—˜ it with thoughts and beliefs that ๐—ข๐—ก๐—Ÿ๐—ฌ ๐—˜๐— ๐—ฃ๐—ข๐—ช๐—˜๐—ฅ๐—ฆ ๐—ฌ๐—ข๐—จ.

Let's chat in the comments! ๐Ÿฅณ

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