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Lily Chambers

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Everything posted by Lily Chambers

  1. Michelle Long, who is a phenomenal author!, has a quick video here on the best way to clean these undeposited funds up... I'm sorry these were a nightmare for you, and hope this helps.
  2. In the US, QuickBooks is probably the most frequently used accounting software available. It is relatively user-friendly, but it helps if you are familiar with basic accounting procedures. There are both an online and desktop version available. I prefer the desktop version as it has more extended functionality than the online version, and is a one-time payment rather than a monthly subscription. Other folks like the freedom of accessing their QB online from anywhere. The desktop version can be accessed remotely through various software options. You will find various pro and con opinions in this forum section, as well as ways to remotely access this, as well as other software.
  3. Frank - basically, bookkeeping software helps you to track your income and expenses, account balances, etc., keeping you abreast of the financial health of your company. This also helps you to have the information to file your taxes properly.
  4. I started out as a part-time VA a decade ago while working a full-time job. It's difficult, but doable.
  5. Welcome, Ashley! It is a scary/exciting journey, but well worth it. You have definitely found the right place to research, however.
  6. Welcome! Remember, we were all new here (and as VAs once) so don't be shy about asking questions.
  7. Welcome! You have found the right place, even if you're not sure how you got here.
  8. I think one of the hardest things about being a new VA is setting your rules and then sticking to them! And, as said above, if you lose a client that is not your 'ideal' client, you can then replace them with one who is.
  9. Welcome Arafat - Try checking out the starting up/part time section for lots of answers to your questions.
  10. Welcome, Melissa! I know there's tons of new info here and its easy to get overwhelmed. I often either print (to a file) or bookmark new info until I have time (and mental energy) to process it. That being said, let us know if you have questions to which you can't find answers.
  11. Welcome! Starting a new business is always a little exciting and a little daunting! But you will find all the answers you need here. My business "The virtual Office Goddess" began as a part-time endeavor while I worked a full-time job with the intent that whenever I 'retired' it would be a well established business. Ten years later, it is definitely a well-established business but I am still a long way from retiring.
  12. Welcome. Amber. This site is amazing! When I first joined it I ended up either printing or bookmarking a ton of posts I wanted to read or follow up on! Be sure and ask questions if you can't find what you are seeking and someone will direct you.
  13. I bill in increments of 15 minutes but a client can buy 'blocks' of time ranging from 10-30 hours/month. In my mind, you have two choices with this client. Either stick by your guns on your 5 hour increments, or tell her that you can reduce your guaranteed hours to 10 guaranteed but she will be billed at $xx/hour for any additional time required to meet her needs over the 10...
  14. Thanks, Jessica! I don't use QB Online so I appreciate your filling in the blank!
  15. That was very helpful! I always encourage my clients to keep on top of their books and verify questions with their CPA.
  16. Sorry. I don't know anything about Canadian tax laws...
  17. Welcome, Rumella. I often suggest folks starting out tell everyone they know about their new business. Asking about their pain points was brilliant!
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