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Accounting Basics

If you’re a small business owner just getting started in the freelance world, there are probably a million things running through your mind. Never mind YOUR BOOKKEEPING AND TAXES. This is something that usually creeps up on you as you’re laying in bed in the middle of the night. A little voice that says “the tax deadline is in 6 weeks. You don’t have anything in order. There’s no way you’ll figure out what to do.” Your heart starts racing, palms start sweating and you promise yourself you’ll figure it out “next week”… only to find that you never end up getting to it.

Not anymore, ladies and gents! Morgan de Klerk, from Master Your Finances, is here to show us how simple bookkeeping can be and how confidently prepared you can be when tax season rolls around. AND you don’t need a background in accounting or finance!

This free lesson will go over:

  1. Why it’s important to get your books in order (even if you’re not making an income yet!)
  2. Why you need to track income and expenses
  3. Different methods to record income and expenses
  4. Separate personal vs business bank accounts
  5. How you should register your business
  6. How to file your taxes

This class is designed for someone who:

  • really wants to understand the accounting side of their business
  • is fed up trying to figure it out alone
  • wants to be empowered to do their bookkeeping themselves
  • would like to train someone to take over this part of their business
  • is terrified of the words “tax” or “audit”

If you are interested in Morgan’s Master Your Finances course, click here to receive a special discount just for 90 Day VA students!

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Portfolio Submissions

STOP before you start working on your portfolio items or submitting them for feedback, watch this video! Esther goes step by step in how to properly create and share your portfolio for both the program AND future clients. Have a look!

Sample Star Portfolio Pieces:

Your mentor will send feedback via email or Loom videos individually back to you. You can expect responses within 1-2 weeks depending on the backlog.

If you get a response from [email protected], then we have received your items and you don’t need to worry!

Submissions must be sent as Google Doc (docs.google.com) documents and the sharing settings must be ‘editable’ or ‘allow comments’ (if you don’t know how to do this there are some guidelines HERE).

If you want to edit and then submit your items again for review after receiving feedback, that’s okay! Otherwise, you can also just edit and add  the items to your portfolio if the revision notes you receive are minor.

Q&A Call Info

Every month, Esther holds a Q&A call for the US/Asia time zone and Deya, our COO and program manager, holds a Q&A call for the EU/Asia time zone.

Our monthly group calls are for answering any questions that you have, discussing any common issues that we are seeing and conducting mini-trainings.

Feel free to join us live on the monthly group call or if you can’t make it, watch the call recordings at your convenience.

The recordings will be posted to the Units tab of the Facebook Group within 2-3 days of the call.

 

Monthly Call Information:
See Our Current Call Schedule HERE it’ll always be in the ‘Events’ of our Facebook Group.

Before The Call:
1) Download and Install the ZOOM App
2) Submit any questions you want answered on Esther/Deya’s monthly Q&A calls here: [email protected] or [email protected]

To Join The Call:
1) Add the upcoming dates found HERE and the dial in and login information to your phone with an alarm NOW

2) Join from PC, Mac, Linux, iOS or Android: https://zoom.us/j/2253931749

Or iPhone one-tap : US: +16699006833,,2253931749# or +16465588656,,2253931749#

Or Telephone (for higher quality, dial a number based on your current location) : US: +1 669 900 6833 or +1 646 558 8656

International numbers available: https://zoom.us/u/h8E6P

Meeting ID: 225 393 1749