A Detailed Breakdown of The Bulletproof Bookkeeping Process and How it Works
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Also registration for the Bulletproof Bookkeeping Bonus Program is open until Friday April 24.
Recently I had an experienced bookkeeper who hired me for a 1:1 session.
It was the beginning of all of this COVID-19 madness, and she needed to run scenarios in a financial model on her clientâs payroll.
Sounds sophisticated right?
I showed her how to do it in about 10 minutes.
Her response was, âOh wow I was overthinking it. I canât believe how simple you just made that for me.â
In this video I am going to show you the entire big picture process for how to get Bulletproof Books.
I am going to give you the âchecklist.â
Grab a pen and paper, or pop open your favorite note taking app because what I am about to share with you in this video is not something Iâve shared specifically before.
As an auditor we had a saying that you âbeat the hell out of the balance sheet and then go through the P&L (Profit and Loss).â
Thatâs the ticket right there.
Earlier I gave you a list of criteria.
Remember the 5 things an auditor needs to verify?
- Accuracy
- Classification
- Completeness
- Cutoff
- Occurrence
The Balance Sheet is your checklist.
When I realized this as an Auditor, I later took this concept and flipped it into a system for how you record transactions in a way that makes the books âBulletproof.â
So you can prove every number.
And answer any questions!
In the next video I will share 2 accounts with you of how I was able to help one client get out of an audit clean, and another to get financing to expand his business.