In this episode, Aminder and Leah discuss five essential tips for staying organized with bookkeeping. They emphasize the importance of establishing a regular bookkeeping routine, separating business and personal finances, choosing the right accounting software, digitizing receipts, and regularly reviewing financial reports. These practices are crucial for effective financial management and can significantly ease the accounting process for business owners.

In this episode, Aminder and Leah delve into the intricacies of financial statements, focusing on the balance sheet, profit and loss statement, and cash flow statement. They discuss the importance of understanding these documents for business owners, identifying red flags, and the role of advisory services in helping clients navigate their financial landscape. The conversation emphasizes the need for financial literacy and the significance of regular reviews to ensure accurate financial reporting.

In this episode, Leah and Aminder walk through the journey of naming their firms, building meaningful brands, and making their businesses official. They share personal stories behind the names Orca Accounting and Sequoia CPA, talk about how branding goes far beyond logos, and break down the legal steps every business owner needs to take when getting started. If you’re launching your firm or rebranding an existing one, this episode is packed with insights and inspiration.

In this episode, Leah and Aminder discuss the intricacies of payroll and taxes, focusing on the processes involved in managing payroll, the responsibilities of business owners regarding tax compliance, and the importance of understanding sales tax. They also touch on cash flow management and the significance of being proactive in tax planning.

In this conversation, Leah and Aminder discuss their experiences with work-life balance, the challenges of preparing for the CPA exam, and the growth of their businesses. They share insights on the importance of organization, delegation, and maintaining a healthy work-life balance while navigating the demands of being small business owners. The discussion also touches on vacations and how personal experiences can influence professional life.

In this episode, we delve into the intricacies of accounts payable and accounts receivable. We highlight practical steps for handling accounts payable, including invoice review, payment scheduling, and the significance of understanding payment terms. We also explore accounts receivable, emphasizing the need for timely invoicing and follow-ups to ensure cash flow into the business.