199 | [Q&A] Handling Clients, Cash vs Accrual, Inventory, and Solo Bookkeeper Vacation Planning

The Ambitious Bookkeeper Podcast

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This episode comes from April’s Live Q&A session, where Serena answered various questions from bookkeepers about pricing strategies, software recommendations, financial statement presentation, and business growth challenges.

In this episode you’ll hear:

• Learn how to confidently set your prices for bookkeeping setups and avoid undercharging
• Discover effective ways to present financial statements that truly benefit your clients
• Find out how to balance multiple professional identities on LinkedIn
• Get strategies for taking a break from your bookkeeping business without losing clients

Resources mentioned in this episode:

• Podcast episode: "177 | Crafting Deliverables That Matter" https://youtu.be/sb_9SYI82h0
• The Bookkeeping Business Accelerator: https://www.ambitiousbookkeeper.com/bba
• Elevate program: https://www.ambitiousbookkeeper.com/elevate
• Email subscription: https://www.ambitiousbookkeeper.com/subscribe
• Payment processors: Stripe, PayPal, GoCardless, Pluto
• Workflow Queen (Alyssa Lang): https://www.workflowqueen.com
• Accounting software: Xero, QuickBooks, Wave
• Payroll: Gusto
• Client management: Dubsado
• Spotify playlists for The Ambitious Bookkeeper Podcast

Thanks for listening. If this episode inspired you in some way, take a screenshot of you listening on your device and post it to your Instagram stories and tag me @ambitiousbookkeeper

For more information about the Ambitious Bookkeeper Podcast or interest in our programs or mentoring visit our resources below:

• Visit our website: https://www.ambitiousbookkeeper.com
• Follow the Blog: https://www.ambitiousbookkeeper.com/blog
• Connect on Instagram: https://www.instagram.com/ambitiousbookkeeper
• Connect on Threads: https://www.threads.net/@ambitiousbookkeeper
• Connect on Facebook: https://www.facebook.com/serenashoupcpa

Thank you for your support of our show. If you haven’t left a review yet it’s super simple. Please go to ambitiousbookkeeper.com/podcast and leave your review.

Podcast Publishing Tools we use:

• Editing → Sabr Media LLC: https://www.iangilliam.com/sabr-media-llc
• Descript: https://get.descript.com/u7lubkx09073 (affiliate link)
• Buzzsprout: https://www.buzzsprout.com/?referrer_id=1753696 (affiliate link)

To fill out The State of Virtual Bookkeeping Survey, click HERE.

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Join the next free training at ambitiousbookkeeper.com/training

Chapters

1. Introduction (00:00:00)

2. Q1 - Handling First Clients (00:01:33)

3. Q2 - Cash vs Accrual (00:11:41)

4. Q3 - Payment Processors (00:13:49)

5. Q4 - Handling Inventory (00:14:57)

6. Q5 - Workshop Suggestion: Payroll Management (00:17:45)

7. Q6 - Onboarding and Data Security (00:19:33)

8. Q7 - Transition from Side Hustle (00:21:26)

9. Q8 - Deliverables (00:25:08)

10. Q9 - Monthly vs Annual Fees (00:27:45)

11. Q10 - Planning for a Vacation as a Solo Bookkeeper (00:32:00)

12. Conclusion (00:34:49)