Before you take on a new client, it pays to review their books and see what’s really going on. Did you know that you can get a pretty good picture of a client’s biggest QuickBooks problems in less time that you might think? Let me tell you how I review my clients’ books in just 15 minutes with my Smart Review System, so you can do it too.
Click on the video linked below to watch: How I review my clients’ QuickBooks in 15 minutes
My Smart Review System
For starters, what is my Smart Review System? Well, it’s a way for me to do a very quick review and get a sense of the biggest problems in my client’s QuickBooks file, using a simple checklist to streamline and save time. It’s not an in-depth review, but it gives you a lot of information about the state of their books and the biggest problems they have so that you can point these things out to them and sell additional services if needed. Think of it as a big picture view into what’s going on.
Here’s a quick rundown of what my Smart Review includes:
- Banking – review old/uncleared items, adjustments to reconciled balances, clarify any personal accounts included in QBO, etc.
- Undeposited Funds – review for old balances that indicate improper workflow.
- Profit & Loss – review for uncategorized income and expenses, negative balances, unusual expenses, miscategorized COGS, etc.
- Balance Sheet – review for unusual and unexpected balances, large negative balances, uncategorized assets, miscategorized transactions, incorrectly recorded opening balance equity, etc.
>>> You can grab my QBO Smart Review Checklist for FREE right here <<<
Pro tip: You can adjust my checklist and include additional things that you find common in your niche or industry.
Closing
Once you use my Smart Review System to review your client’s QuickBooks in 15 minutes, you will be able to quickly identify and highlight some of the biggest problems in their QuickBooks file.
If you are looking for a deeper dive review, I also offer a comprehensive paid diagnostic review system, in my 5MB Academy. This is the QuickBooks diagnostic review that I get paid to perform for my clients. If you also want to get paid to perform deep reviews for your clients, check out my QBO Paid Diagnostic Review System HERE.
Once you sign up for my free QBO Smart Review Checklist and try try it out, let me know how it works for you. I always love hearing your comments and questions. Also, if you find this content helpful, make sure to share with others!