Tips from a CPA: Accounting for Entrepreneurs and Small Business Owners
By Venessa Lau

Tips from a CPA: Accounting for Entrepreneurs and Small Business Owners



Tips from a CPA: Accounting for Entrepreneurs and Small Business Owners

Are you a small business owner or entrepreneur who’s looking for accounting tips?
In episode 27 of the Turn Your Followers Into Clients Podcast, I interview Brittani Shantel Jackson, a certified CPA and BGA guest expert! We dive deep into the most common accounting questions online small business owners have about accounting! What profit margin should I have? How should I pay myself as a business owner? When should I incorporate? In the video, we’ll cover accounting basics for small business owners, accounting basics for entrepreneurs, common questions about small business accounting, startup accounting and next steps in bookkeeping for your business. If you want to understand your taxes and learn more about how to pay taxes during tax season then keep on watching.

DISCLAIMER: This podcast episode and video is for educational and entertainment purposes. Please consult with a CPA for your specific financial needs.

TIMESTAMP
0:00 Intro
0:58 Background on Brittani Shantel Jackson
3:26 How did you find Vanessa and The BOSSGRAM Academy?
5:49 How has BGA impacted your business since joining?
8:16 Let’s talk CPA Jargons (cash collected, accounts receivable, sales revenue)
9:13 What’s the difference between sales revenue and cash collected?
14:40 Cash vs Accrual which one should your business go with?
17:26 Difference between gross sales and net sales
23:58 If you are a coach or sell a course, is there a cost of goods sold?
27:00 What metrics of success should a business be tracking financially?
34:25 How should you pay yourself as a business owner?
39:25 When should I incorporate?
43:10 When should I hire an accountant?
47:18 All about pricing your product and why you shouldn’t copy others prices?
57:10 Words of wisdom from Brittani
1:00:00 Where can you find Brittani?

***LISTEN TO THE TURN YOUR FOLLOWERS INTO CLIENTS PODCAST***

🎧 Apple: podcasts.apple.com/ca/podcast/turn-your-followers-into-clients-with-vanessa-lau/id1501281184

🎧 Spotify: open.spotify.com/show/4dirkcVlqUYR5fvP43sMuB?si=hsIEelDJRK2ZDUD0tpiJMg&nd=1

🎧 Stitcher: www.stitcher.com/show/turn-your-followers-into-clients-with-vanessa-lau

🎧 Google: podcasts.google.com/feed/aHR0cHM6Ly90dXJueW91cmZvbGxvd2Vyc2ludG9jbGllbnRzLmxpYnN5bi5jb20vcnNz

** FREE INSTAGRAM TRAINING: NEW TRAINING TO TURN YOUR FOLLOWERS INTO CLIENTS: **
followerstoclients.link/free

** LEARN MORE ABOUT MY PAID PROGRAM THE BOSSGRAM ACADEMY **
bga.link/learn

**CHECK OUT ALL THE SOCIAL MEDIA AND BUSINESS TOOLS I RECOMMEND**

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***BOOKS I RECOMMEND***

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** YOUTUBE OPTIMIZATION PLUG-INS I USE **

TUBEBUDDY: www.tubebuddy.com/VANESSALAUCO

VIDIQ: vidiq.com/#_l_1tf

**ALL THE YOUTUBE EQUIPMENT I USE**:

📷 CAMERA:
FAVOURITE POCKET-SIZED CAMERA FOR 4K VLOGGING:
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4K CAMERA (AMAZING CAMERA!):
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Lens (To make the background blurry like you see a lot of Youtubers have!):
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🎙️ AUDIO:
Microphone With Boom Stand (I have this one!):
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Microphone Without Boom Stand (If you want just a shotgun mic and save some money!)
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💡 LIGHTING:
LED Lights (these are GREAT VALUE!):
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Light Diffusers (not 100% necessary but good to make the light less harsh!):
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🎉 ACCESSORIES:
SD Card for 4K Videos (ZERO Crashes, MUST HAVE if you shoot in 4K):
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Micro SD Card:
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Camera Remote:
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Camera Stand:
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**GET ALL OF MY EQUIPMENT HERE**:

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Disclaimer Vanessa is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.

Video edited by: www.lexandjoshphotography.com/

SAY HI ON SOCIAL:

Website: www.vanessalau.co
Instagram: www.instagram.com/vanessalau.co
LinkedIn: linkedin.com/in/vanessaoglau/
TikTok: www.tiktok.com/@vanessalauco

SAY HI TO BRITTANI ON SOCIAL:

Instagram: www.instagram.com/intrinsicaccounting/
Websites:
intrinsicaccounting.com/

Home

** LEARN MORE ABOUT MY PAID PROGRAM THE BOSSGRAM ACADEMY **
bga.link/learn

**PS: NEW TRAINING TO TURN YOUR FOLLOWERS INTO CLIENTS: **
followerstoclients.link/free

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