I wanted to pop in today and talk to you about cleanup.
Do you have any mistakes in your QuickBooks file?
That you've been like, oh,
I don't know how to fix them. And I wish I could fix them.
And do you even know how you'd find out
if you have these kinds of mistakes in your QuickBooks?
If you're here live, let me know I wanted to pop in
and share with you,
QuickBooks and we could like look around, I could talk to you about
how to fix
mistakes, how do you even know if you have them,
so that you know if you need to fix them or not.
So
I am gonna share my screen with you. Let's make sure that's gonna work.
Perfect. There's QuickBooks. So,
you can come in here.
And
you could start looking at your reports. That's one way to know if you have mistakes.
But the way I want to show you today
is how to go into your reconciliations. So remember,
if you are not reconciling your QuickBooks, you're, you're doing yourself a huge disservice.
Because there is no way, without,
having a check and balance in place, which is
reconciling. If you don't know what that is.
It is taking your
bank statement and comparing it to what you've entered in QuickBooks,
it is
fundamentally important.
And so I want to talk to you about it.
So you come over here,
and you're looking at your QuickBooks,
and you go into reconcile, if when you come in here, and you have a lot of
old transactions,
let's just put zero in here. So we can, kind of use it as a training sample.
If you come in here, and you have a lot of old stuff. 2019, 2016, 2017.
If you are a desktop,
this is for desktop user, if you're online, I'll show you yours in a minute.
But you will go in here, if you see these, that means you have
mistakes to fix, okay?
Whether it is bank accounts or credit cards,
and if you've ever come to one of my trainings before,
how often,
do I recommend?
Reconcile?
Do you know?
What's the answer?
Every single month,
okay, if you get behind, you want to catch up.
So if you've never reconciled, this is definitely something you want to be fixing.
So when you come in here, and you're clicking on reconcile,
if you're an online user,
you're still gonna be doing it here. So we'll start with the ending balance.
So this is how you know if you have mistakes,
and I'll tell you why this matters in a moment. So,
when you have a lot of old mistakes,
you're, if you're not verifying it,
then you can be
overpaying your taxes. Okay?
So
this is something that I love to teach inside Confidence with QuickBooks, which is
the pillars of how to make sure you're entering in your transactions incorrectly.
But then also,
are you after you've entered them?
Are you making sure that you entered them all in and if you didn't,
then
this is a problem.
For lack of like, for clarity,
this is an issue whether your tax professionals ever told it to you,
or not. Okay, so you go in here and you verify it.
Now, if you come in here, and you see that, yeah, you got a lot of old stuff
in here.
that's never cleared, or you've never reconciled or
if you go in to
make a deposit, and you have lots of old stuff,
seeing your undeposited funds.
And only thing that should be sitting here
undeposited funds or like,
if you come to my workshop, you've heard me talk about this.
It is your bank bag.
It's what you take to the bank and deposit, it helps you make your
reconciliation so much easier. But if you don't have that setup,
or you didn't know that,
and you have a lot of old transactions,
you're most likely doubling your income.
Okay? So when you're in here, and you're looking around,
you want to make sure,
that you have this cleaned up.
Because
you don't want to be overpaying. And you want to make sure stuffs, right. So,
if you're a desktop user,
how do you know, if you have undeposited fund issues
you literally click here. And if these pop-up,
and they're not the most current transactions,
you also have an issue.
Okay.
So the reason I'm bringing this up,
is because you may have heard
Confidence with QuickBooks is currently open for enrollment.
And I added a super special bonus today,
which is my cleanup bonus. And this is where I go in,
and you can watch the training,
and you can
fix your old mistakes.
Okay.
This is something my community absolutely loves. It's special,
it teaches you how to go in
and remove all the old things. Now,
the thing about this is it's not as easy as just like voiding them.
Because if you've already filed your taxes, you have mistakes,
you have to fix them in the appropriate way
for IRS regulations. Right.
And so there's strategies,
it depends. Is it a,
is it a payroll check?
Is it a deposit?
Is it a regular check? Is it a credit card check?
So we're looking at all these different things? Is it a stale check,
what is you have to do to fix a stale check.
And in this training,
we focus specifically
on credit cards,
and bank accounts.
Okay?
That's where we focus in this specific journey as a bonus for Confidence with QuickBooks,
so often people will say to me, well, what's the process of like, yeah,
I have mistakes and you can let me know
do you have mistakes in your QuickBooks?
Let me know you're here.
So some, people say, okay, what is the process like I just,
I just want to fix my old mistakes.
And I say to you, Well, why do you have the mistakes? Let's talk about it.
It's commonly
caused from not knowing how to do it right?
And you're like, yeah, there was a time I didn't know how to do it, right.
So that's one of the benefits of Confidence with QuickBooks
is you learn how to enter in your transactions
correctly,
how to handle those little,
odd weird things that happen in real life.
It's one of the great things about it, right?
And so
the process to learning and fixing
is
we, this is how we should have done it.
This is how we did do it.
How do we match the gap?
It's learning how to do it properly,
going and seeing what you did. And then that will give you the line of how to fix it.
Now, specifically to bank accounts and credit cards.
It's not just knowing what
happened,
and how it should have happened.
It's also knowing
the proper way to actually clean it up,
depending on the situation and the scenario,
right?
And have you filed taxes? How long has it been all of those things?
So I want to share with you what some of our alumni have said
about going through this cleanup bonus
they get access to when you join Confidence with QuickBooks.
Thank you, Candus.
I've
always learn so much more
from other questions.
And it's nice to finally clean up and fine-tune
my QuickBooks
file after all this time, right?
I started my business 15 years ago.
So even if your business is 15 years old,
you can still clean it up,
you can still go back if your business is brand new or only a year or two old,
you can still clean it up.
The strategy is just gonna be different.
So one of the things that Kim was sharing here is
from other questions,
so when we do trainings,
and I do one of the things you get when you join Confidence with QuickBooks is some
Bonus Q&A support, helping you implement what you're learning
inside the program, because the videos are already pre-created for you.
You'll hear other people's questions,
and they're not necessarily questions you even knew about yet.
But you can still go back and check those out.
And maybe you're more like Cece and Brad, they have a printing shop out of Vegas.
And they had
such mistakes that they actually owed
quite a bit on their taxes. But they happen to join Confidence with QuickBooks when it's open.
We only open enrollment a couple times a year
right now we happen to be open.
And so I want to make sure you guys know this. And we added the cleanup bonus that you get access to.
So what you'll learn and what she was able to do
is by learning how to do it accurately,
she was actually able to also fix her mistakes
and cut her tax bill in half. Now I can't say any cut your tax bill into half,
hers was more,
because she had mistakes.
And one of the things she shared is she's can actually sleep again at night.
And Amber said Africa went through Confidence with QuickBooks,
I figured out why I don't see vendors
in my husband's books.
🤦 moment, right, yeah. Do you ever have those you're like, oh,
why did I not understand that?
I'm definitely gonna finish watching her videos inside the program.
But she also is now learning how to clean it up.
So part of the cleanup process,
learning how to do it right. That's why,
I give you this as part of Confidence with QuickBooks, but also
how to then after you've been learning
how to go back and clean it up.
Heidi was able to go through
and actually clean up her undeposited funds
and make sure her income
was matching
her
invoices.
So
if you create an invoice,
the next step of the journey? Is what?
receive payments,
then you take it
to the bank or record the deposit in QuickBooks.
If
your
invoices, you create invoices,
and then you're just maybe through bank feeds recording a deposit.
you're doubling your income.
So what you actually want to do is invoice, receive payment,
record deposit.
And if you have errors with your undeposited funds,
you're gonna learn how to clean those up as well.
And one of the things Pam said
was one of the great things about cleaning up your QuickBooks
is your tax professionals are gonna celebrate your books,
believe it or not.
I hear this over and over again from our community about how like
they go through the program.
She said
she went to see her tax professional and they called her and they said
your profit and loss and balance sheet were the best
he, her accountant has ever seen from her.
He said it made his job so much easier.
Guess what happens when you make your tax professionals' job easier.
It costs you less,
right?
You're not overpaying on them fixing your mistakes,
because you've cleaned them up before you gave it to them.
So you're not overpaying on taxes.
And you're not overpaying on
having them fix it for you.
She said I had a lot of cleanup to do.
And the class explained
and showed me how to do it.
And it was easy,
right?
So
if you're thinking like I have a lot of mistakes,
like the things I just showed you,
you go and check your Reconciliation screen.
If you find you having mistakes in there and you really want to help clean them up.
We are so excited to help you inside Confidence with QuickBooks
learn how to do it properly,
but then also how to fix your mistakes.
So remember, Confidence with QuickBooks is open for a few more days.
You can go to
confidencewithquickbooks.com
to join and find out all the details.
and I look forward to seeing you inside my community.
if you have any other questions about what we cover
or something you need to know about it.
Let me know below.
I'm so excited to help you get your QuickBooks cleaned up this year,
and all of the past mistakes you've made.
You don't have to live with them forever and feel like oh,
I just wish I didn't have all this old stuff.
You don't have to have it.
You can clean up your QuickBooks.
So I look forward to seeing you
inside our community. Let me know if you have any other questions.
Have an amazing day.
Talk to you soon.
Bye.