Veronica Wasek

About Veronica Wasek

Hi, I'm Veronica Wasek. I am an Accounting Influencer, Top 10 QuickBooks ProAdvisor, a CPA, and a Certified Advanced QBO ProAdvisor. I am truly passionate about helping entrepreneurs and bookkeepers to minimize bookkeeping and maximize profits. Let's face it - nobody wants to spend too much time doing bookkeeping! This blog was born out of a desire to share simple QuickBooks Online training and tutorials, modern bookkeeping tips, and more. 5MinuteBookkeeping.com is now an award-winning blog focused on showing others how to leverage the power of QuickBooks Online, the cloud, and integrated applications to maximize profits and productivity. If you're a bookkeeper - you'll also find topics helping you to grow and run your bookkeeping business. Learn more about me and my modern accounting firm at https://www.QuickBooksOnlineExpert.com. Join my FaceBook group at https://www.facebook.com/groups/5minutebookkeeping/ to ask questions and interact with me and like-minded people.

Using journal entries in a QBO cleanup without messing up the books

By Veronica Wasek|2021-06-01T23:00:31+00:00March 26th, 2021|Bookkeeping BIZ, QBO Cleanup, QuickBooks Online|

When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry...right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books! The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections. I'll share my tips and best practices for using journal entries in a QBO cleanup without messing up the books.

Tips for taking on a massive QuickBooks Online cleanup

By Veronica Wasek|2021-04-22T00:41:06+00:00March 9th, 2021|Bookkeeping BIZ, QBO Cleanup, QuickBooks Online, Tips and Tricks|

Are you taking on a big QuickBooks Online cleanup project and not sure where to get started? I’ve been in your shoes, but after years of performing QBO cleanups, I've developed a system for organizing my cleanup projects from start to finish. I want to share my tips for taking on a massive QuickBooks Online cleanup, to help you confidently take on even the toughest projects.

The virtual bookkeeper’s guide to understanding PayPal

By Veronica Wasek|2021-01-22T05:10:26+00:00January 21st, 2021|Bookkeeping BIZ, E-commerce, QBO Cleanup|

Does the thought of working with PayPal transactions make you want to run and hide? PayPal bookkeeping can be very complicated, even for the most experienced virtual bookkeeper. I definitely struggled to understand the ins and outs of how it works at first. Now I want to share my experience with you. I'm going to show you the essentials of how PayPal works so you can tackle your client's PayPal transactions with more confidence in this virtual bookkeeper’s guide to understanding PayPal.

How to effectively communicate your value as a bookkeeper – Part 2

By Veronica Wasek|2020-12-03T23:34:50+00:00December 3rd, 2020|Bookkeeping BIZ|

Virtual Bookkeepers can spend a lot of time trying to build up their client list. Unfortunately, it's hard to grow a business when you are underpricing your services and working overtime, just trying to earn a living. A better approach for building a successful bookkeeping business is to selectively take on clients who value what you do, and pay what your services are really worth. How do you get those kind of clients? Well, if you want high-quality clients, you need to know how to effectively communicate your value as a bookkeeper.

How to effectively communicate your value as a bookkeeper – Part 1

By Veronica Wasek|2020-11-13T19:49:11+00:00November 12th, 2020|Bookkeeping BIZ|

If you want to attract new clients and get paid what you’re worth, you need to communicate your value. How do you effectively communicate value as a bookkeeper? That’s something I struggled with at first. It took me a while to figure out that the things my clients valued weren’t always what I expected. In this two-part series I‘m going to show you the biggest lessons I’ve learned about communicating your value to your ideal clients.

When is it time to hire an e-commerce accountant?

By Veronica Wasek|2020-10-23T14:24:19+00:00October 22nd, 2020|Bookkeeping DIY, E-commerce|

Handling your own books may be the only option when you first open your online store, but as you grow, you need to free up your time and get help with more complex bookkeeping and accounting issues. So, how do you know it’s time to seek help from an expert? Keep reading to learn 5 signs to help you determine when it is time to hire an e-commerce accountant.

Charging for QuickBooks Online cleanup – fixed fee or by the hour?

By Veronica Wasek|2020-10-08T23:29:32+00:00October 8th, 2020|Bookkeeping BIZ|

With QuickBooks Onlnine clean ups, you often don’t know exactly what you’re getting into or exactly how much work will be involved, and these unknowns can make pricing a cleanup pretty complicated. I want to share my insights on the two basic ways of charging for QuickBooks Online cleanup - fixed fee or by the hour, to help you decide a pricing system that works for you.

How to record Shopify sales in QuickBooks Online

By Veronica Wasek|2020-09-24T22:42:56+00:00September 24th, 2020|Bookkeeping DIY, E-commerce, Tutorials|

I love helping e-commerce sellers tackle some of their biggest bookkeeping questions and challenges with QuickBooks Online. One of the basics that Shopify sellers need to know is how to record Shopify sales in QuickBooks Online. This can be tricky, as there are a lot of moving pieces, and you have to know where to get the information you need to enter into QBO. In this blog post, I’m going to demonstrate how to record your Shopify sales in QuickBooks Online using a manual journal entry method.

How to say ‘No’ when you’re an introvert bookkeeper

By Veronica Wasek|2020-08-21T06:13:57+00:00August 20th, 2020|Bookkeeping BIZ|

Are you an introvert bookkeeper? Me too. I’ve got a special place in my heart for people like you and me because we make great bookkeepers but we may have to face a unique set of challenges (opportunities for growth) when interacting with clients and prospects. One of these growth opportunities, is learning how to say “No” when you’re an introvert bookkeeper. It’s crucial to be able to say "no" to the wrong kinds of clients and projects so you have time and energy for the right ones!

Behind the Scenes – The Virtual Bookkeeper’s Roadmap

By Veronica Wasek|2020-08-12T04:55:37+00:00August 6th, 2020|Bookkeeping BIZ|

Whether you are launching a new virtual bookkeeping business or trying to make your existing business more efficient and scalable, you probably know that it can take years of trial and error to figure out the best way to run a bookkeeping business. You are probably also very aware that all that time is costing you money. Most people would rather skip past that trial and error and follow a proven roadmap, if they can find one. In this blog post I want to give you a behind the scenes look at my course in the 5MB Academy, The Virtual Bookkeeper’s Roadmap, which was designed specifically to show you how to do it right.

How to record Amazon seller fees in QuickBooks Online

By Veronica Wasek|2020-08-20T14:26:13+00:00July 16th, 2020|E-commerce|

If you're an Amazon seller, you already know that there are fees that Amazon deducts from your sales. If you want to track your profitability, you might be wondering how to get those Amazon seller fees recorded correctly into QuickBooks Online. I'd like to show you how to do just that and also show you a tool that I recommend for streamlining the whole process.

How I get paid to diagnose my clients’ QuickBooks problems

By Veronica Wasek|2020-07-09T18:14:38+00:00July 9th, 2020|Bookkeeping BIZ|

A lot of people ask me how I get paid to diagnose my clients’ QuickBooks problems. In recent blog posts and videos, I’ve shown you the Smart Review checklist I use for a quick (free) check up of how messed up a client’s books might be. Once potential problems are discovered during my Smart Review, I will recommend a paid QuickBooks diagnostic review to my client, so we can take a deep dive into the books to find out exactly what needs to be fixed.

My Smart Review System for getting bookkeeping clients

By Veronica Wasek|2020-10-01T19:35:32+00:00July 2nd, 2020|Bookkeeping BIZ|

Are you looking to add more bookkeeping clients? Do you wish you had a reliable system for turning quick, free QuickBooks reviews into paying clients? My Smart Review System for getting bookkeeping clients does exactly that. Keep reading to discover how I do it.

7 Crucial considerations for DIY Amazon bookkeeping

By Veronica Wasek|2020-08-20T16:08:33+00:00June 25th, 2020|Bookkeeping DIY, E-commerce|

As an Amazon seller, should you do your own Amazon bookkeeping? I’ve heard this question from many sellers and today I’m going to share my thoughts as a bookkeeping expert, CPA, and e-commerce specialist. Do you have what it takes to do your own bookkeeping and is it the best path for you? Take a look at the 7 crucial considerations for DIY Amazon bookkeeping, to help you determine just that.

My QuickBooks paid diagnostic review sales funnel

By Veronica Wasek|2020-07-09T18:23:52+00:00June 11th, 2020|Bookkeeping BIZ|

A lot of bookkeepers struggle to take new prospects from the initial phone call to being ongoing clients. It can be tricky at first, but it’s crucial if you want to grow your bookkeeping business. Fortunately, it’s much easier if you have a plan in place. That’s why today I’m going to share my QuickBooks paid diagnostic review sales funnel. Keep reading to see just how the funnel works.

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About Veronica Wasek