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Ten Talents

206 members • Free

The Profitable Bookkeeper

61 members • Free

5 contributions to Ten Talents
Cash vs Accrual: What Matters to Buyers?
Do you think buyers trust cash accounting or accrual accounting more? Support your answer and engage with someone else’s comment to discuss their perspective. This is how you start thinking like a trusted financial advisor.
1 like • 3d
I believe buyers generally would trust the accrual method for the reasons stated above. But just to add another perspective-there are certain industries where accrual just doesn’t make sense. In a medical clinic, services are billed when they are provided….but they aren’t always paid in the same month-and they are rarely (if ever) paid at the rate billed. How could that be handled?
1 like • 3d
@Jordan Reynolds thanks! I don’t think they’ll switch but at least I can better understand it
What Tools Do You Use?
QuickBooks is a common tool, but it’s not the only one finance professionals use. Tell us about which tools you use the most and the difficulty you had in learning them👇
0 likes • 3d
I currently use QBO, ADP and Patriot for payroll, ChatGPT, and just today dabbled with Claude.
Which Financial Statement is Hardest?
The three financial statements each tell a different story. Which one has been the hardest for you to understand?
1 like • 3d
Cash flow statement for sure since neither my current position nor my client have utilized them. P&L is for sure my strongest-my current employers like the comparison option to see last year vs this year. I understand what the balance sheet is and shows-I just don’t use it enough to be comfortable!
Bookkeepers: Let's Raise the Standard
What does "good work" mean for you? Comment below and answer: 1️⃣ What do you currently believe makes books “clean”? 2️⃣ Where do you feel unsure in your current skillset? 3️⃣ What standard do you want to hold yourself to after this course? Template you can copy: I currently define clean books as __________ One area I feel unsure about is __________ After this course, my standard will be __________
1 like • 3d
I currently define clean books as everything balanced and up to date. One (or 2?) areas I feel unsure about is credit card accounts with multiple cards and getting them reconciled and clean against the balance sheet. After this course, my standard will be to continue seeking to add more value to my clients by following best practice and continuous learning.
Step 1: Plant Your Flag🏁
This is your first step to achieving your career goals as you become a better business financial professional. Write the following: 1️⃣ Where you are now 2️⃣ Where you want to be in 6 months 3️⃣ The steps you’ll take inside this community to get there Big progress starts with clear direction.
1 like • 11d
1. I currently work full time as a medical practice manager, but also started a bookkeeping business on the side. 2. In 6 months I would like to have 5 clients and feel more confident in my skills (especially concerning clean ups and credit cards 😩) 3. To get there, I intend on plugging in consistently, learning all I can, and asking questions!
1-5 of 5
Madeline Miller
2
15points to level up
@madeline-miller-5214
Bookkeeper & business manager helping entrepreneurs simplify finances, master QuickBooks, and build profitable, balanced businesses.

Active 1d ago
Joined Jun 9, 2026