MergedAnalytics Tracking Image - NoScript
International Business Growth Radio Network
  • WELCOME
    • CONTACT US
    • PRIVACY
  • RADIO
    • ON AIR NOW
    • LISTENER GUIDE
    • MEET THE TEAM >
      • NORTH AMERICA >
        • William Eastman
        • Donna Kunde
        • Londina Cruz
        • Monique McDonald
        • Survival Mode
        • Raj Kapur
        • Bob DiGiacomo
        • Crystal Y. Davis
        • Bill Kelly
        • WELCOME
        • Kasfia Rashid
        • David Wilson
        • James Bryant
        • Brandon Souba
        • Cedrick LaFleur
        • Clancy Clark
        • Damian Johnson
        • Scott Geller
        • Wendy Dickinson
        • Ralph Peterson
        • Michael Mitchell
        • Nicole Rankine
        • Ellen McIlhenny
        • Tracie Hines Lashley
        • Z Gen Entrepreneurship
      • AUSTRALASIA >
        • Sarita Johan
        • Steve Sweeney
        • Level-Up Your Marketing
        • Russell Colbourne
        • Simone Douglas
        • Rick Carter
      • SOUTH ASIA >
        • Jeremy Gray
        • Ajai Lal
        • Bijay Kumar Khandal
        • Lisa Askwith
        • Rashmeet Kaur
        • Meena Mac
        • Ramdas Shenoyy
      • PRIME MERIDIAN >
        • Ravin Papiah
        • Florin Lungu
        • Teena Ogbugoh
        • Sadika Kebbi
        • Arthie Moore-Robberts
        • Jan Robberts
        • Gaby Awad
        • Fady G. Bader
      • EXEC TEAM
    • JOIN THE TEAM >
      • BECOME A HOST
      • BE A SPONSOR
  • SHOP
    • DWY PACKAGES
    • HOST PACKAGES
    • ADVERTISING PACKAGES
    • IBGR MERCHANDISE
  • CONSULTING
    • PODCASTS
    • BUSINESS MAKER (DWY)
    • FRACTIONAL CONSULTANTS (DFY)
  • NEWS
    • E-NEWSPAPER
    • NEWS BLOG
    • NEWS PODCASTS
  • RESOURCES
    • START HERE
    • SHOW NOTES
    • GROWTH APP
    • FACEBOOK COMMUNITY
    • LINKEDIN COMMUNITY
    • EVENTS
IBGR.NETWORK

Show Notes

DOWNLOAD. LISTEN. ENGAGE.

(Money Matters) Ask the bookkeeper-Overview

3/1/2021

0 Comments

 
Picture
Kasfia Rashid - "Money Matters with Kash the Bookkeeper"

Introduction

Hello and congratulations on taking the first step in the journey of business ownership. If you're thinking of starting your own business you're in the right place. IBGR radio network is a central place for tools, resources and training that you are going to need to have a successful life long journey. Think of me as one of your many tour guides here. 
My name is Kasfia Rashid but you can call me Kash. It is my job to  prepare you to understand the language of business. Warren Buffett, said that accounting is the language of business! So, who better to learn from than an accountant with over 16 years worth of experience! Last season we took a journey through the five principal categories of Accounting: Assets, Liabilities, Owner’s Equity, Revenue and Expenses! 
“Money matters-Ask the Bookkeeper” is all about answering burning accounting questions! You know, the ones you would only ask your best bookkeeping buddy. Each show will have one main question from the audience with supporting questions from my various travels. Have a question to ask? Don’t be shy, step right on up.  We will follow the same path as last season with two shows on each of the main concepts of accounting and one show for each financial statement! 
Listen>Apply>Engage
​
Show Objectives - The Why

More than 50% of small businesses fail in their first year and more than 95% of startups fail within their first five years ( Convergehub, 2019) 
Why? Several reasons! 
According to Smallbizgenius.net 82% of the businesses failed because of cash flow problems, that means they spend more money than they make. 
 In my experience the deeper reason is because they do not have anyone to steer them in the right direction. Most small business owners don’t have trusted professionals around them to ask those all important taboo business questions to. Which is why this season we are all about them Q&A’s! 
Each show will consist of one main question with a few surrounding, supporting questions all surrounding the main accounting concept. To give you a sneak peek here is the lineup for seasons four.

Season 3 calendar, notes and show topics:

F1.001-1/4/21-Summary of new season: Ask the bookkeeper: Top 5!
F1.002- 1/12/21- What is a cash reconciliation and why is it needed?
F1.003-10/19/21- What is depreciation? 
F1.004-10/26-21- How do I build business credit?
F1.005-11/2/21-How do I put a debt schedule together?
F1.006- 11/9/21-How do I pay myself?
F1.007-11/16/21-How do I track my personal expenses along with my business?
F1.008 -11/23/21-How do I turn my service based company into a product?
F1.009-11/30/21-How do I price my product/service?
F1.010-12/07/21-How do I account for start up costs?
F1.011 12/14/21-When should I start hiring employees? 
F1.012 12/21/21-What are some ways to save on taxes?
F1.013 12/28/21- Summary of What We Achieved

Instead of spoiling the fun,  in today’s summary show we are going to go over the top 5 questions I get asked as a bookkeeper – spoiler alert - none of them have anything to do with bookkeeping.

Being an accountant is like having a doctor in the family. Minor aches and pains, ailments, and random questions often get filtered to me by clients, family members, networking associates and of course friends. Scarcely a week goes by without either an email or a random text starting with “hey quick question…”

One of the reasons so many people ask me questions is because I like answering them. But just like being a specialist there are tons of general questions that come up in the operation of my business. My clients range from pre-start up to growth and the questions are often varied. Ever wanted to sit a bookkeeper down and ask them anything you wanted? Well, This show is all about the top questions I answer when I sit down with my clients. 

  1. What is an "LLC", and why is it important? - "LLC" stands for Limited Liability Company and helps to protect your personal assets by creating a separate legal entity. Allows you to "pass-through" income
  2. What is an S-Corp? - It's a tax designation that helps save on Social Security and Medicare Tax! S Corp owners can be considered employees and paid “a reasonable salary". FICA taxes are taken out and paid on the amount of the salary.
  3. Why do I need a separate bank account? - A separate bank account maintains the Limited Liability of the LLC. It also helps save time and cost during tax time. 
  4. How much do I save for retirement? - It depends on your long term goals. Establish a financial plan customized to you.
  5. What do I do with all these receipts? - Take a picture of them and save them on the cloud or email them directly to QuickBooks Online! 

Additional Resources 
  1. Check out Kash’s Youtube Playlist: Bookkeeping basics for small business owners 

Written by Kash the bookkeeper  
Grab your free Bookkeeping Checklist here!
You can connect with Kash on any of her seriously social platforms under the handle @Kashthebookkeeper
Connect on LinkedIn
Follow on Instagram
Like on Facebook

​

F1.01.4NA

0 Comments



Leave a Reply.

    new choice for BUSINESS SEARCH

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

    Categories

    All
    Aaron Lee
    Ajai Lal
    Ally Nitschke
    Angela Chaney
    Angela Hooper Menifield
    Arthie Moore
    Bert Robinson
    Bijay Kumar Khandal
    Bill Kelly
    Bishop Cummings
    Bob DiGiacomo
    Brandon Souba
    Cedrick Lafleur
    Celia Powell
    Charles George
    Crystal Y Davis
    Damian Johnson
    David Wilson
    Donna Kunde
    Ellen McIlhenny
    Fady G Bader
    Florin Lungu
    Gaby Awad
    James Bryant
    Jan Robberts
    Jeremy Gray
    Johanna Rincon
    John Richards
    Kasfia Rashid
    Kevin Beers
    Laura Bell
    Lisa Askwith
    Londina Cruz
    Monique McDonald
    Nicole Rankine
    Prerona Roy
    Raj Kapur
    Ramdas Shenoyy
    Ravin Papiah
    Rick Carter
    RJ Lewis
    Russell Colbourne
    Sadika Kebbi
    Sarita Johan
    Scott Geller
    Season 1 Coaching
    Season 1 Consulting
    Season 1 Customers
    Season 1 Executive
    Season 1 Finance
    Season 1 Operations
    Season 1 People
    Season 1 Strategy
    Season 2 Customers
    Season 2 Executive
    Season 2 Finance
    Season 2 Operations
    Season 2 People
    Season 3 Consulting
    Season 3 Customers
    Season 3 Executive
    Season 3 Finance
    Season 3 Operations
    Season 3 People
    Season 4 Customers
    Season 4 Executive
    Season 4 Finance
    Season 4 Operations
    Season 4 People
    Season 5 Customers
    Season 5 Executive
    Season 5 Finance
    Season 5 Operations
    Season 5 People
    Season 6 Customers
    Season 6 Executive
    Season 6 Finance
    Season 6 Operations
    Season 6 People
    Season 7 Customers
    Season 7 Executive
    Season 7 Finance
    Season 7 Operations
    Season 7 People
    Season 8 Finance
    Season 8 Operations
    Season 8 People
    Season 9 Customers
    Season 9 Executive
    Season 9 Finance
    Season 9 Operations
    Season 9 People
    Simone Douglas
    START HERE
    Steve Sweeney
    Teena Ogbugoh
    Tracie Hines Lashley
    Vicki Abraham
    Wendy Dickinson
    William Eastman

    RSS Feed

Radio

Become a Host
Get the Listener Guide
Contact Us​

SOCIAL MEDIA

Join our Facebook Group
​Connect on LinkedIn
BTS on YouTube

365 Business Maker

Grow Your Business
Apply to Work With Us
Network and CONNECT

free resources

Download the Growth App
Download the Checklist
Download the Podcasts

Listen Live ON THE FOLLOWING APPS & NETWORKS

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture

SYNDICATION pARTNERS

Picture
Picture
Picture

Search IBGR On These Podcast Platforms

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture

SPONSORS & AFFILIATES

Picture
Black Links Global
Picture
Picture
Influence With A Heart
Picture
Picture
Book Design and More
Picture
Picture
Startup Raven
Picture
Picture
Coach Accountable
Picture
Picture
Click Funnels
Picture
Picture
Salesflare
Picture
Airmeet
IBGR.Network is Veteran owned and operated. 
Site powered by Weebly. Managed by Radio.co, Designed by gWORX Media.
  • WELCOME
    • CONTACT US
    • PRIVACY
  • RADIO
    • ON AIR NOW
    • LISTENER GUIDE
    • MEET THE TEAM >
      • NORTH AMERICA >
        • William Eastman
        • Donna Kunde
        • Londina Cruz
        • Monique McDonald
        • Survival Mode
        • Raj Kapur
        • Bob DiGiacomo
        • Crystal Y. Davis
        • Bill Kelly
        • WELCOME
        • Kasfia Rashid
        • David Wilson
        • James Bryant
        • Brandon Souba
        • Cedrick LaFleur
        • Clancy Clark
        • Damian Johnson
        • Scott Geller
        • Wendy Dickinson
        • Ralph Peterson
        • Michael Mitchell
        • Nicole Rankine
        • Ellen McIlhenny
        • Tracie Hines Lashley
        • Z Gen Entrepreneurship
      • AUSTRALASIA >
        • Sarita Johan
        • Steve Sweeney
        • Level-Up Your Marketing
        • Russell Colbourne
        • Simone Douglas
        • Rick Carter
      • SOUTH ASIA >
        • Jeremy Gray
        • Ajai Lal
        • Bijay Kumar Khandal
        • Lisa Askwith
        • Rashmeet Kaur
        • Meena Mac
        • Ramdas Shenoyy
      • PRIME MERIDIAN >
        • Ravin Papiah
        • Florin Lungu
        • Teena Ogbugoh
        • Sadika Kebbi
        • Arthie Moore-Robberts
        • Jan Robberts
        • Gaby Awad
        • Fady G. Bader
      • EXEC TEAM
    • JOIN THE TEAM >
      • BECOME A HOST
      • BE A SPONSOR
  • SHOP
    • DWY PACKAGES
    • HOST PACKAGES
    • ADVERTISING PACKAGES
    • IBGR MERCHANDISE
  • CONSULTING
    • PODCASTS
    • BUSINESS MAKER (DWY)
    • FRACTIONAL CONSULTANTS (DFY)
  • NEWS
    • E-NEWSPAPER
    • NEWS BLOG
    • NEWS PODCASTS
  • RESOURCES
    • START HERE
    • SHOW NOTES
    • GROWTH APP
    • FACEBOOK COMMUNITY
    • LINKEDIN COMMUNITY
    • EVENTS