The SMB Accountant, CPA @SMB_Accountant

In the world of finance, both bookkeepers and CPAs play vital roles in maintaining a healthy financial ecosystem. Bookkeepers diligently record and manage transactions, while CPAs, with their advanced expertise, offer strategic financial services like tax preparation, audits, and…

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True or false? The CPA exam is to hard. The odds of passing all 4 parts on the first attempt is less than 10%. Pass rates on individual sections usually hover around 50%.

I can’t stress this enough. If you are early in your career, be a problem solver, not a problem finder. Great way to learn fast, get noticed and move up the ladder faster

Note to Self - Make a lot of money and take care of your family. Nothing else matters

Accountants: Do you have a gym membership?

Of course that’s your contention. You’re a first-year MBA student. You probably just found Damodaran’s blog and bought the McKinsey Valuation book. That will get you through until your summer internship, when a third-year analyst calls you a chud for asking about unlevered beta.

I was at a dinner party. For a very short time I was stuck listening with a lunatic who hated corporations and entrepreneurs. Big corporations were the cause of all of his problems. Entrepreneurs and wealthy folks filled with greed. Do you think he has ever noticed that…

@SMB_Accountant @PabloMrtell Just subscribed! Did i made it to the first 100s?

I'm horrible at finance related things as they're related to business: - how use/think about debt - reading financial statements - topics like net working capital and basic biz finance stuff Would love to take an in person class. Anyone know of something cool in Austin?

@thesamparr The problem with the books and classes, is that they struggle to bridge the theory to the practical application. It's part of why I started writing. I figured I could fill that gap. I'll write a 'finance for non-finance' course at some point. In the meantime if I can help,…

Next series of CFO Secrets will be on cashflow. Draft running order: 1. Intro 2. Measuring cash flow 3. Forecasting cash flow Part 1 4. Forecasting cash flow Part 2 5. Working Capital - why it matters 6. Working capital - making it better 7. Maintainable Free Cash Flow 😍🥰 8.…

Could you find a similar building with cheaper rent? and most importantly doe the deal ONLY pencil because you are buying the real estate to stretch out the amortization (seen this way too many times). I hope you have found this thread useful. If so, please share! @sbabmarks

When scoping/pricing services, define the access and experience clients get in each level of service. This helps to set clear expectations with clients (and your team) as to what they get and don’t get. For example, all clients may get bookkeeping but clients in tier 1 receive…

Some sound SMB advice: Focus on finding ONE great deal, closing that great deal AND creating value in THAT business BEFORE you start going on about 'rolling up' an industry and building a holdco. Just f&cking start. You'll learn how hard this M&A game is, take your lumps, enjoy…

In the last month of Q3 and taking a minute to look back at my goals for 2023. One of the most important was to spend time on my personal brand. I started posting on this platform regularly about 5 months ago, with essentially 0 followers. I'm now at almost 150 and growing.…

🌟 Thrilled to have had the opportunity to partner with Mise Studio! Their glowing review truly highlights our dedication to collaboration, attention to detail, and innovation. We're honored to be a part of their journey.

@SMB_Accountant @dewszt My man! 🙌

@SMB_Accountant @dewszt They kinda look like these Jordan 8s!

Meet 12yo Jaiden who was kicked out of class yesterday in Colorado Springs for having a Gadsden flag patch, which the school claims has "origins with slavery." The school's director said via email that the patch was "disruptive to the classroom environment." Receipts in the 🧵

@dewszt My man here is straight kitted like a Ghostbuster 🔥