2. Defining Bookkeeping, Clean-Ups, Catch-Ups, & CFO Services

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The Accounting Edit

18 episodes

1 week ago

The Accounting Edit is where real conversations meet real numbers. Hosted by two women accounting firm owners, we’re pulling back the curtain on what it’s actually like to build a modern accounting practice—while helping small business owners make sense of their finances. Whether you’re a fellow firm owner, a service-based entrepreneur, or just curious about the behind-the-scenes of running a business, you’ll find honest insights, practical advice, and plenty of moments that make you feel like you’re not alone.

Entrepreneurship

Business

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Entrepreneurship

Business

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2. Defining Bookkeeping, Clean-Ups, Catch-Ups, & CFO Services

The Accounting Edit

25 minutes 50 seconds

7 months ago

2. Defining Bookkeeping, Clean-Ups, Catch-Ups, & CFO Services

In this episode of The Accounting Edit, Leah and Aminder break down what bookkeeping actually involves—and why it’s so much more than just data entry. From categorizing transactions to reconciling accounts and preparing accurate reports, they unpack the foundational elements that help small businesses stay financially healthy.
They also talk through common cleanup needs, the difference between monthly and quarterly bookkeeping, and where fractional CFO services come in for deeper strategy. Whether you're a business owner trying to stay organized or an accountant expanding your service offerings, this episode offers a practical (and honest) look at what good financial support should include.
What You’ll Take Away:
- What’s included in full-service bookkeeping
- How tools like QuickBooks and Xero make the work easier
- Why monthly support often beats quarterly check-ins
- How cleanups and catchups fix messy financials
- What fractional CFOs actually do
- Why strategic finance isn’t just for big companies
Website: TheAccountingEdit.com
Aminder's Links:
Website: sequoia-cpa.com
Instagram: @sequoiacpa
LinkedIn: linkedin.com/company/sequoia-cpa
Leah's Links:
Website: orca-accounting.com
Instagram: @orcaaccounting
LinkedIn: linkedin.com/in/leahmccool

Chapters

00:14 Introduction

00:26 What is Bookkeeping?

02:18 Account Reconciliations

03:44 Adjusting Journal Entries

07:05 Accounts Payable & Receivable

08:48 Sales Tax and Quarterly Taxes Explained

11:37 Monthly Check-ins

12:52 Quarterly vs Monthly services

16:00 Cleanups, Catch-ups, and Setups

20:32 Exploring CFO Services and Strategic Growth

23:50 Wrap Up

Key Words: bookkeeping, accounting, financial reporting, payroll, sales tax, CFO services, business finance, QuickBooks, Xero, tax filing