Thanks for watching! Let me know, what was your favorite tip from this bookkeeping 101 for small business training?

@TheNibiru720

4 жыл бұрын

CV yt thread rd gd d eff

I wanna start a small business.... a small business owner told me to learn book keeping and accounting first. So here i Am thanks for your content

great advice! I manage the books for our two businesses and already learned something new after working with a professional bookkeeper and our CPA for years. That one week rule! Nobody ever told me that. Wow.

@JillGockel

4 жыл бұрын

Woohoo! You are rocking it as a bookkeeper!!!! I am so glad this video helped!!!

Thank you, I am just starting my bookkeeping business. I was under the impression that its very hard but your title alone made it very clear that "I can do this and succeed" Thank you so much

You are saving my life! I just started a business and have no clue where to start in tracking money! Thank you for this channel!

Thank you for this video! My favorite tip was to reconcile on a weekly basis. I’m a SAHM but I’ve been “handling the bookkeeping” for our family’s business and I procrastinate like crazy because I don’t know where to start. This was really helpful.

@JillGockel

3 жыл бұрын

Yay! You are going to love how this turns into an easy habit (just like emptying the dishwasher every morning)! Keep up the great work & get ready to rock your bookkeeping!

Very helpful, thank you! especially the guidelines of having to do it once a week! Again thank you!

i just started my business and for the first 3 months I ran away from book keeping. between being a content creator , working full time, running behind my children and running my business I could not wrap my head around book keeping . thank you for this video

@JillGockel

3 жыл бұрын

I am so glad you for this helpful! Bookkeeping definitely doesn’t have to be hard & that’s exciting you’re seeing that! Yay!

@astralbabefamily3010

3 жыл бұрын

I feel the SAME 😭😭

totally new for me, we are starting a new business and I am a bit overwhelmed

Amazing video! I recently started my own company. I started using the Firmao CRM system adapted to my small business. Thanks to this, I manage the company better.

Wow! Love how you've explained everything so clearly! POOOOFFFF! The scary mystery of bookkeeping is gone. Thanks so much!! I'm following!

@JillGockel

4 жыл бұрын

That is so wonderful Susan!!!!! I am ecstatic that you found this so simple!!! Excited to see you next time around!

@allzofeel

3 жыл бұрын

Nothing was shown! Wtf? I'm confused. Not a single spreadsheet, diagram, debit or credit. How was this remotely helpful?

Thanks for making this video Jill! I'm excited to follow you :-)

@JillGockel

4 жыл бұрын

You are soooo welcome!!! I'm so happy you're here!!!

Thanks for sharing your knowledge! Learned a lot!

Great video! I tend to I over complicate, especially when it comes to money. Thank you for sharing how quick and simple bookkeeping really can be!

@JillGockel

4 жыл бұрын

Woohoo! So glad this helps simplify bookkeeping for you! If you're still overwhelmed on any aspect let me know & we'll focus on it in an upcoming video!!!

Love how direct and to the point this is! Looking forward to your future content :-)

@JillGockel

4 жыл бұрын

Yay! I am so glad it resonated with you! If you ever have a question or struggle that's not covered in the video, let me know & I can address it in a future video!

I love this video! Thank you so so much!

I have never done anything like this before. I got QuickBooks Desktop for Mac 2020. I was a preschool teacher and got laid off because of COVID and my husband started a construction company and I have no accounting experience at all. Please help me!!!

Hi Jill, thank you for removing my fears!

Thanks for this video! I've been studying bookeeping for 2 months and nothing is sinking in. This makes me breathe easier!

@JillGockel

3 жыл бұрын

Yay! So glad you're already feeling bookkeeping can be simple! Keep up the great work!

Wow! Great info. Heading back to document weekly expenses from when I launched my online private practice...a week ago! This video could not have come at a better time for me. Thank you!👏💕

@JillGockel

4 жыл бұрын

Omg Lindsay! I am so glad you found this! And CONGRATS on your online private practice! That is awesome! Let me know if there are any aspects of your bookkeeping or managing your business that seem tedious & we can dive into simplifying this in a future video!

@TheTravelingTherapists

4 жыл бұрын

@@JillGockel Thank you so much. I will. I am looking at my booking software, today. And, I am sure questions will fill my brain.

@JillGockel

4 жыл бұрын

Perfect! I'll keep an eye out for your questions!!!! :)

Super video! Thanks so much for showing us how to keep it simple and still meet all the requirements needed for taxes and for meeting personal financial goals.

@JillGockel

4 жыл бұрын

Awesome! So glad you found it helpful! There's nothing better than finding an easier AND more effective way of doing things! Don't you think?!

We own a small business and I had to no idea about the weekly bookkeeping guideline. Thank you!

I watched this with interest. I’m a bookkeeper with over 20 years in the industry. Back up documentation is super important. If I weren’t using accounting software, Google sheets or the green columnar ledger books would be my next choice. Remember though that when using accounting software, debits and credits should be thought through differently than when considering them in your checkbook register.

@JillGockel

4 жыл бұрын

Theresa! Thank you so much for your comment! You are exactly right about documentation! Thank you for sharing your favorite tools with our viewers & your tip on the accounting software! I hope to see you back here again!

@mukbangmuga

3 жыл бұрын

Do you offer mentor services?

Wow, thank you so much for the information. :)

Thank you so much. You gave me so much hope and power for this new chapter. I appreciate you 🥲💕👑 what timing. Wow 😉 I’m two years later but for me it’s right on time. I hope you’re living your dreams and doing well these days. Thanks again🥰

I totally feel incapable. But you have made it easier thank. Bless your heart.

TBH I've been avoiding my books because it seemed complex. This video was really helpful!

@JillGockel

4 жыл бұрын

Jennnifer! That is the best compliment ever to hear this is helping relieve the overwhelm! Make sure to stay tuned because I'll be diving more into keeping bookkeeping simple!!!

You have done it again with your sound explanations in book keeping. I love when you say. Know about your expenses and income. We should know how to track all of them. Then You said in your teaching we should know our responsibilities of book keeping. Then You said we should do our recording properly. My dear I am enjoying every bit of explanations of book keeping. The boot camp i should do it require 3 hours for me to learn about it any time i have to take it. You explained it well. I feel so relaxed because i never took book keeping class in college I don't know what i will meet in that camp. You tube platform has make me relaxed to get more understanding on it. U are the best so far and good my dear lady. Keep it up for uploading more videos for us to learn more about it. God blessed.

@JillGockel

3 жыл бұрын

Thank you so much! You words have stayed with me over the months & I have good news! I am going to start publishing videos again! So stay tuned! :)

Thankyou so so much Jill, I love your delivery. You are helping me so much

Book keep weekly. Got it! Thanks

I was really trying to find out how does it works, but I really feel like, I already aware everything just from this video.

sometimes the simplest thing is one of the hardest things to do~ thanks for the tip

@JillGockel

4 жыл бұрын

You are sooo welcome!!!! So glad you found it helpful!!

Chuck A Here I am one of tose that are struggeling but will get started now Thank U

Hi jill! Thanks for the advice! Just a question, if i have a hobby for quite a while but not selling, bought materials through my personal account, then decide to sell a finished product, if i put that first sale income to a separate business acount, will i need to refer back to my personal account for the materials expense? For tax purpose?

Very clear and precise..made me feel more at ease.

You're so great in your informations; Thanks so much.

Just followed your ig, I’m so here for it! I wear a lot of hats currently and I’m looking to simplify immgiately🤣😎

Yes definitely feel like im not capable of doing it. Been offered a job for a feiend doin theres and honestly have myself a lil terrified to help them out.

A few people had some negative things to say, “you’re rambling” etc. That’s BS. You were very helpful and gave exactly what the video title said you would. This is very helpful. The haters are “accountants” and whatnot, but my mom’s been a CPA for 35 years and I’m sure she would say this is beyond helpful for people who are trying to understand the basic idea of bookkeeping. You’re helping people. Good for you, keep it up. This video was very helpful for me. I’ve relied on others to do our bkkg and neglected it, but I appreciate this because it helps me understand the broader concept and simplifies it. Keep killing it.

@JillGockel

Жыл бұрын

Thank you so much!!! You are awesome & I appreciate you for seeing what/who this channel & videos are intended for! I am back to releasing new weekly videos so if there’s anything specific you’d like featured in an upcoming video make sure to let me know! In the meantime, here’s the newest video kzread.info/dash/bejne/kYJ_17OygKa2d9Y.html

Welp you literally just summed me up into one with your intro.. I am all 3 of those things. I am glad I found you and look forward to this video and many more!

Hi Jill! I'm subscribed! Hoping to pick up a few things that I didn't know and make things easier for my business and life.

@JillGockel

4 жыл бұрын

Soooo glad you're here Melanie!!! Make sure to reach out to me with any questions you have!!!! I'm here to help you keep this simple & doable! Hugs!!!

Thank you so much

very helpful and informative, thank you...

@JillGockel

3 жыл бұрын

You are so welcome! I’m glad you found it helpful!!

Great stuff!

Congrats on your new channel!! I'm here from YT4B!! You go girl!

@JillGockel

4 жыл бұрын

YAY! Thanks for watching Kate!!! :-D

Excellent video! What would you say would be the best way to get started. Go back to school or work for someone first? also, Canadian or US list of deductions??

Thanks so much

I am taking a course in bookkeeping and the further that I go into it the more confused that I am. Case in point; I started this course back in December of 2020, and it's supposed to be a six week course. Here it is the end of August 2021 and I am still studying, due to the confusion. I am hoping that you can help clear the confusion up for me.

I’m a single father with small construction biz ! I’m going to do it ! Thanks

@JillGockel

3 жыл бұрын

Awesome! If you can rock being a single father, you can totally knock out your bookkeeping!

Thanks You Make things Easy

love watching and i wants to learn from you...

What's a fair price for weekly bookkeeping services? I usually do them monthly.

This was actually the most simplest way to bookkeeping! Thanks for the reminder to keep up every week!

@JillGockel

Жыл бұрын

You're so welcome!

I’m extremely new!!! I’m I. A class and I’m soooo lost. I’m a hands on leaner and she is a lecture kind of teacher.

@JillGockel

3 жыл бұрын

Ugh, I feel for you! Lecture teachers are rough for those of us that are hands on! My best advice is take what she says for input but then put into action what works best for you! School-taught isn't the only way to implement!

Thanks great info. Would love to join your fb group. I'm new in the BK game. Bless!

If I use Quick Books, do I need to keep a separate ledger too?

You have me at overwhelmed. Haha. Really though, this was a great video. I’ve totally been over thinking this.

@JillGockel

3 жыл бұрын

Yay! Glad your overwhelm is easing up! You can totally do this!

hey JIll my dad owns a deli and our accountant isnt really doing his part or a good job. i want to learn more of how to take control of the store so please advice me how i can learn about this paper work i wanna learn jus so i can understand how to run a small business the right way and the legal way

I really like how you made understanding bookkeeping so simple. Great work!

@JillGockel

3 жыл бұрын

Thank you! I'm so glad you found this helpful!

THANK YOU SO MUCH for your well explained video! I have a question, in this video you spoke about bookkeeping, so is "journaling" and using the "general ledger" necessary when record keeping for your business? This is one of the biggest things that stop me from want to create my business, it's so much and it's a lot to learn.

@MightyCong

4 жыл бұрын

Dont let fear stop you from running your own business, it is a lot of work but it's so worth it. I finally launched my online clothing store and it was so much work, so much information had to be learned but I'm glad I did it though. Plus it's a lot more work and a lot more to learn when you switch jobs instead of working for yourself

@amaria5751

4 жыл бұрын

@@MightyCong Thank you so much for the encouragement, it's definitely needed! It really is so much to learn, but I know that in the end it's worth it! Do you have any tips about the accounting side of running your own business?

@MightyCong

4 жыл бұрын

@@amaria5751 you're welcome! 😁 As far as accounting goes, I use a web program call Wave to track all my expenses. The website should be waveapp.com or something like that. If you're collecting tax then write that down and etc, it's not as hard as what most people make it seem. All you gotta do is just track every single expense you make with your business account. I would sit down once a week or once every 2 weeks to track everything

@JillGockel

4 жыл бұрын

So glad you found this helpful!!!! It really can seem overwhelming especially when you start trying to figure out the accounting side of things. But really, when you look at what the purpose of journaling & a general ledger is, it’s a system to track every penny going in/out of your business. You can accomplish that by just using excel or Google sheets tracking the things mentioned in this video. That is the simple system I use for all my businesses & that my course teaches. This should definitely not be a reason to postpone starting your business, seriously, it can be easier than you expect. If you want help with this, definitely take a look at my course where I explain how to make this simple, give you my tracking tools, & respond to any questions you post throughout the course. www.jillgockel.com/webinar

I appreciate you making this easy to understand. Does your course apply to ecommerce businesses as well?

@JillGockel

3 жыл бұрын

Yes, it does apply to e-commerce businesses. (I have clients that range from online businesses, construction businesses, bakeries, coaches, authors, etc.) It helps you implement my exact strategy to knock out your bookkeeping fast & gives you the tools I use to track your expenses, income, & mileage. However, it does NOT address things like tracking inventory. So if inventory tracking is specifically what you're looking for then the course wouldn't be a good fit.

LIFESAVER 🙏🏼

How do we book keep money that is coming in because for example my parents gifted me some money to start off my small business. Or my father brought me with his credit card $300 worth of shirts just to get started. Do I add that all as income in my business or do I put a note stating that I was gifted?

Outstanding video on how to do bookkeeping! Accounting is not my forte and this helped me immensely! Thanks for sharing :)

@JillGockel

4 жыл бұрын

I am soooo glad you found this helpful! Don't worry, with a little practice, you'll be a natural at bookkeeping!!! What is the first tip you plan to implement??

@bizsidehustles

4 жыл бұрын

Did we watch the same video? Nowhere in this 11 minute rambling does it explain ANYTHING about how to keep books

Hi Jill. Just found your channel. As with so many, this pandemic is shifting everything about our lives - ESPECIALLY where are finances and income are concerned. I have been offered an opportunity to do some bookkeeping for a non-profit organization - which obviously I can do from home. However just the idea of dealing with numbers sends my brain into a tizzy (I know, that is such an old fashioned word :-). This could really open some opportunities (beyond the one I have just been offered) if I can manage it. Can you/would you help me?

@JillGockel

4 жыл бұрын

Hey Naomi! That sounds like a really exciting opportunity for you! Why don’t you email me at jill@jillgockel.com to talk more about your question & what you’re looking for. :)

I’m a bookkeeping geek

Thanks a lot 🙏 ❤️💗 I have finished my certification quick books for Canada I am living in Mexico but Could you suggest how I can get customers in Canada or Usa is this posible ?

@JillGockel

3 жыл бұрын

Eilengel that is wonderful you've finished your certification! Way to go! I do not perform bookkeeping for others so I can't speak to how to find customers. But I encourage you to start marketing your services. You can do this on social media, talking to friends who have businesses, getting a website, & of course start a KZread channel. :) Keep up the great work!

Jill, I am not seeing the link for the long list of deductions. Can you direct me further?

@JillGockel

4 жыл бұрын

Of course Delores! That link is www.jillgockel.com/easytaxes

Where do you consider tax on products? As lost income or spent?

I have dyscalculia and I can mess up the account register that is only used to pay the piano teacher. Bookkeeping for my sm. business freaks me out!

I want to just want to book keep my home like all the bills that come in and out of my home so I can keep better track how do I do that?

Tnks

I’m unable to get link for tax deduction worksheet to work?

I was approached to do book keeping from home for a small business, I’ve been in medical administration for the past 10 years so I love details and keeping organized. But number kid of freak me out. I’m not super scared because for the most part it’s my understanding that the software will do most of the work as long as I choose the right one and document everything where it needs to be. But still unsure of what software is most user friendly and reliable

@JillGockel

3 жыл бұрын

Go girl! When you step out of your comfort zone you always grow! Yes, the software you use (& your habits) will make or break how smoothly this goes. I have several tips in my course on how to make it easy & you can apply it to any software. Plus you get my automated excel sheet that helps do a lot of the work for you. I’ve found excel is the easiest & most user friendly (I do NOT recommend Quicken or QuickBooks!) but there are some other softwares like Wave that seems to have good reviews on ease & usability. I talk about Wave & some other free softwares in this KZread video that you might find helpful -> kzread.info/dash/bejne/hIiLkrtyhNq2Y5M.html

Do I have to have a separate book for each customer? I’m in lawn care and have 40 recurring clients each week.

@JillGockel

3 жыл бұрын

As far as bookkeeping, no you don’t need a separate book for each customer. You can just keep track of your total income/expenses across all customers.

Hello I want to actually start but idk how or where to go. I am recovering from a back injury I’ve got right out of high school, been bedridden for about 4-5 years and only recently started walking again. I’m very eager to get my independence again and im constantly battling this feeling of being a burden on my family even tho I shouldn’t feel this way..🙏🤕 I’m just so lost cause no one thinks I’m able to take care of myself and I’m just trying my best to prove to myself that I can..

I keep telling my friends this lol they make it sound so hard

Are foreign currency gains/losses unavoidable? Im a US LLC so my home-currency is USD. If I have foreign-currency activity without converting to USD will I always have gains/losses? Let me explain: Say I have a GST liability account (CAD). I make a sale in Feb and collect $1000 GST. The CAD/USD exchange is 0.80 so my balance sheet will show a GST liability of $800 USD. On Apr I remit this $1000 GST to the CRA, but the CAD/USD exchange is now 0.70 so my GST liability is now $100 USD. I'd have to DR GST liability $100 & CR curreny gain $100 and pay tax on it. In this scenario, I recieved and remitted $1000 CAD to the CRA. I am being taxed on a gain I never realized. Is this simply unavoidable for transacting in foreign currency?

Hi, Do you do 1 on 1 bookkeeping training?

@JillGockel

3 жыл бұрын

My 1-on-1 client list is full but you might take a look at my course (jillgockel.com/webinar) where I have several training videos walking you through exactly how to get your bookkeeping done in 5 minutes AND training videos on how to use my automated tools (the tools are included in the course as a free bonus). Plus if you have questions, you can post them inside the course for me to give personalized answers.

Am totally "green " at this . I need help. Can't afford to hire a professional . preparing to open a home/industrial appliances repair shop in a just a few short weeks. My husband and I are very lost when it comes to book keeping. And we wanna start off right.

hi Jill, I will like to take a course of bookeeping so i can get a diploma. do you teach online ?

@JillGockel

3 жыл бұрын

Hi Ana! I do have an online course but it is not an accredited course so there is no diploma. I’m not a CPA, my course is focused on the ways to make bookkeeping easy & get it done fast. If you’re looking for a diploma, it probably wouldn’t be a good fit. But you can learn more at & grab a tax deduction cheat sheet at jillgockel.com/easytaxes

Recommendation on free software?

Is using bank statements as proof of transaction enough?

@JillGockel

3 жыл бұрын

It is not. A bank statement doesn’t provide enough information related to the purchase. If you can snap a picture of the receipt before you through it away, a digital copy is sufficient (no need to hang on to the receipt in that case).

Hi Jil, are you Canadian?

Yes I’m overwhelmed and stressed, 3 yrs in to having a shop with no clue HELP

I'm held back by the fear of messing up.

@JillGockel

4 жыл бұрын

Serena I can totally relate! But look at it this way - it’s your job to track your expenses/deductions in a simple, organized way. It’s your accountant’s job to review your records & decide if they are correct or if you need to tweak things before submitting your taxes. Does that help alleviate some of the fear?

@vincenttrovato

3 жыл бұрын

@@JillGockel not me, because I'm trying to do my accounting and filing taxes myself

I am doing two direct sales businesses and I need to figure out a way to track expenses/income/mileage. Quicken looks way too complicated.

@JillGockel

3 жыл бұрын

Totally agree! Quicken is not for me! I love excel & highly recommend it, you can do so much with it! But there are other services out there (free online software) that you can use too. Give them a try & see what works best for you! (And great job on 2 direct sales businesses!!!!)

I thought it was "in the black" if you're within budget. Has that changed?

I'm sorry if this is irrelevant. I am just trying to sort through my confusion. What if businesses pay their employees bi weekly?

what if you do it daily

your link for tax deduction won't pop up at all I've tried so many times.

Do you know any one who teach online please

Yes because I am not good at math and I have ADHD

thank you! please get a lavalier microphone, it would make the audio more clear

These are great bookkeeping tips Jill! It's true that most small business owners do NOT like bookkeeping but these tips make it more palatable!

so i guess the best way to know if you will succeed in this business is to begin tracking your own finances and income - and document it so you can see that you should treat clients money how you would like your finances to be handled by someone else (: plus get a practice lesson on your own money for the past 2 months or something..... not a bad idea

I get over whelmed

What’s the Facebook page

I don't understand Bookkeeping, period! It is just too hard to grasp! If I did this for a job I would go insane and be in a Mental Institution for life!!

@JillGockel

3 жыл бұрын

Lol! That’s funny! If I had to be a CPA I would go crazy too! That’s why I had to find a way to make it easy so I could get through it fast & simple!

@davidbaldeo1466

3 жыл бұрын

@Treva Peres, Bookkeeping and Accounting are two different branches of accounting. Bookkeeping focusses on the more simplified aspects of accounting, like managing the books. Just become familiar with the accounting software, have basic knowledge of debits and credits on financial statements, and keep track of all receipts and revenue/income/sales that come in. I am sure that you will do well.

I need help