052.Do You Need an Accountant If You Use Quickbooks Online?

Do you need an accountant if I use QuickBooks Online? And on the flip side, do you need QuickBooks if you already have an accountant? I hear both of these questions all the time, so in this episode I'm answering them together. I'm sharing the story of one of my very first members, who handed her QuickBooks reports to her tax preparer and essentially heard, "I can't use this. Try again." We'll talk about what went wrong, what a poll of tax preparers told me about cleanup costs, and exactly what to hand your accountant this January so the whole process is faster and cheaper.   Ready to take your learning a step further? Register for my Free Masterclass, Make Your Money Make Sense! Where you'll learn how to understand where your money is going, avoid costly bookkeeping mistakes, and set up an easy to follow bookkeeping system. Sign up now: www.findingfreedomfinancial.com/masterclass (https://www.findingfreedomfinancial.c...)   Other Ways to Work With Me: • Need to get your bookkeeping caught up or cleaned up? Sometimes you just need a clean starting point so you can take it over yourself. Apply to work with us at www.findingfreedomfinancial.com/contact (https://www.findingfreedomfinancial.c...) and we'll get your books up to date and ready to hand off. • Need some support as you do you own bookkeeping? Then I wanna invite you to join me inside of the Bookkeeping Made Simple for Boutiques Membership, where you can get trainings & support to help you feel confident as you manage the money-stuff yourself. Using Quickbooks Online, I walk you through through the exact setup & process you need to implement everything for accurate and EASY bookkeeping all year long - no more tax time scramble! Join us at www.findingfreedomfinancial.com/membership (https://www.findingfreedomfinancial.c...) • Are you a Shopify seller who's not quite ready to invest in a bookkeeping software like Quickbooks? Don't worry - I got you! I've created a custom Shopify Seller Income & Expense Tracker that you can use to easily enter each transaction coming in and out of your business, along with your sales data coming directly from Shopify to put together a standard P&L (Income Statement) that you can hand over to your tax preparer. Download your copy at www.findingfreedomfinancial.com/spreadsheet (https://www.findingfreedomfinancial.c...)   Prefer to learn while you read? Check out the blog post for this episode: https://www.findingfreedomfinancial.c...   Related Episodes & Resources Mentioned: • Ep 20: Bookkeeper vs Tax Preparer (And Why You Need Both of Them) (https://pod.link/1831830735/episode/Y...) • Ep 44: Why Your CPA Can't Help With Your Shopify Accounting (But It's Not Their Fault) (https://pod.link/1831830735/episode/Y...) • Ep 16: Why You Shouldn't Use Your 1099-K to File Your Business Taxes (https://pod.link/1831830735/episode/Y...) • Ep 11: How the 3 Retail Financial Reports Work Together (https://pod.link/1831830735/episode/Y...) • Ep 6: The 3 Shopify Reports You Need for Your Bookkeeping & Taxes (https://pod.link/1831830735/episode/Y...) • Ep 33: Your Shopify Payouts Are Not What They Seem (https://pod.link/1831830735/episode/Y...)