The Bookkeepers' Podcast

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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The Bookkeepers' Podcast - Episode 172

How to manage the accounts payable function for your clients

In this episode of The Bookkeepers' Podcast, Zoe Whitman and Jo Wood spoke to Glen Foster of Libeo about the most effective way to manage your clients' accounts payable processes.

Owners of the smallest businesses are often quite happy making a handful of payments per month, but as businesses grow and evolve, many business owners are quite overwhelmed with paperwork. Of course, that's where a great bookkeeper can come in and take control of the full process, giving the business owner back their time and giving them peace of mind that everything is in hand.

And there are additional benefits for the business owner. They may be able to optimise cash flow more effectively with a bookkeeper managing the timing of payment runs, a bookkeeper may also be able to manage the full payment process. Having access to clients' bank accounts however is not the right solution for some business owners - or bookkeepers.

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On this episode of The Bookkeepers Podcast we enjoyed speaking to Glen Foster about how the accounts payable function can be run in the best way, and how tools like Libeo can help bookkeepers manage payments for their clients.

We think you'll find this episode interesting if you're thinking about how best to help your clients with this service. We covered:

- The challenges for small businesses when it comes to payments

- The challenges for bookkeepers with the traditional methods of offering accounts payable services

- The value of accounts payable services and charging for the service

- How Libeo works

Timestamps

0:00 Introduction

1:04 What is Libeo

1:51 The challenges for business owners when it comes to payments

6:38 What should bookkeepers consider for an accounts payable process

9:11 How regularly to speak to your clients about accounts payment

12:36 The value of the accounts payable function

16:08 How to price accounts payable

19:27 The challenge with access to bank accounts

20:38 How checking and validating invoices helps avoid invoice fraud

21:42 How Libeo works

About our guests

Find out more about Libeo at Libeo.io​

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About us

Join The 6 Figure Bookkeepers' Club on Facebook at 6figurebookkeeper.club

Find out more about The 6 Figure Bookkeeper at 6figurebookkeeper.com/links

Watch the full podcast episode on YouTube or listen wherever you get your podcasts.

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

In this episode of The Bookkeepers' Podcast, Zoe Whitman spoke to Emma James and Leah Crowfoot about building a flexible business.

When Leah Crowfoot started her business, she needed to work within school hours so she was able to look after her young family. When Emma James started her business, she was looking for a solution that gave her location-independent work, allowing her to travel with her partner while he worked overseas.

They've both gone on to build businesses that serve their own unique needs and which have changed as their needs from work have changed.

On this episode of The Bookkeepers Podcast we loved hearing from Emma and Leah as we discussed how to go about building a more flexible business, and whether it really is possible to run your business outside of the expected 9-5.

We think you'll find this episode thought-provoking if you want to build a flexible business or if you just want to have some time out this summer without returning to a backlog of work. We covered:

Different needs for flexible working

How to create a flexible business

How to speak to your clients about flexible working hours

How to manage expectations from clients about being in the office

Being realistic with yourself about what you can achieve

Knowing what's important for you as you build your own business

Managing your response times to clients

Setting boundaries with your clients

Whether running a flexible business loses you clients

Designing a business that is right for the future

How time blocking can help with structure

Bringing support in to give you more time

About our guests

Connect with Emma James at thenumber.ninja

Connect with Leah Crowfoot at https://www.linkedin.com/in/leahcrowfoot/

About us

Join The 6 Figure Bookkeepers' Club on Facebook at 6figurebookkeeper.club

Find out more about The 6 Figure Bookkeeper at 6figurebookkeeper.com/links

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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The Bookkeepers' Podcast - Episode 170

Why you need to build a brand for your bookkeeping business

In this episode of The Bookkeepers' Podcast, Zoe Whitman and Jo Wood spoke to Penelope Allard of Wild Bookkeeping and Philippa Haynes of Insight 101 about building a professional brand for bookkeeping businesses

When Penelope Allard decided to rename her bookkeeping practice, she and her family spent brainstorming new names. But nothing stuck.

It's one of the biggest branding stumbling blocks that bookkeepers in our community face. Their name. And that's what Penelope was looking for. A name. And that final ingredient a logo.

It's one of the first things we think about when we start out in business. "What will I call myself?". Should you use your own name as the name of your practice, or something meaningful to you? Where do you start?

On this episode of The Bookkeepers Podcast we loved speaking to Penelope Allard about the journey she went on to rebrand as Wild Bookkeeping.We loved learning why her brand is just so her, and what you should consider when naming your own business. We were also joined by Philippa Haynes from Insight 101, who helped Penelope through the branding process using psychology.

We think you'll love this episode. We covered:

Why brand is more than a name and a logo

What is business branding?

What is a personal brand?

Should bookkeepers name their practices after themselves?

What should you call your bookkeeping practice?

The benefits of professional branding for your team and for your clients

Why branding guidelines are important and what they should include

Penelope's journey of rebranding as Wild Bookkeeping

Timestamps

0:00 Introduction

1:02 Penelope Allard's journey

4:25 About Philippa Haynes

7:32 Our expectation that branding is about a logo and a name

9:08 Considerations when choosing a business name

12:47 Why shouldn't you use your own name for your bookkeeping business?

14:12 Why an interesting name can be a conversation starter with prospects

16:29 What's the difference between a business brand and a personal brand

29:40 What Penelope's clients though of the rebrand

32:15 What do you need to consider to build brand guidelines

34:40 Can you do your own branding?

About our guests

Connect with Penelope Allard at wildbookkeeping.co.uk

Connect with Philippa Haynes at insight101.co.uk

About us

Join The 6 Figure Bookkeepers' Club on Facebook at 6figurebookkeeper.club

Find out more about The 6 Figure Bookkeeper at linktr.ee/6fb

Watch the full podcast episode on YouTube or listen wherever you get your podcasts.

​The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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James Ashford from GoProposal by Sage joins Jo and Zoe for a special episode of The Bookkeepers' Podcast during Bookkeepers' Bootcamp to talk about how to price your bookkeeping services.

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Jo and Zoe were joined by Laura Day-Henderson to talk about how she's built her bookkeeping practice.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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Julianna Nagy joins Jo and Zoe to talk about how she's built her successful bookkeeping practice as part of June Bootcamp

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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As part of Bookkeepers' Bootcamp Jo and Zoe were joined by members of their bookkeeping community, Emma James and Karen Kennedy to discuss how they price their services.

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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Zoe was joined by Leah Crowfoot from The 6 Figure Bookkeepers' Club to talk to Pete Scott as part of Bookkeepers' Bootcamp. They discussed how to price your services with confidence.

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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As part of bookkeepers' bootcamp Jo and Zoe spoke to Kathryn Vincent of Long White Cloud Accounting Ltd. They discussed how she got her business started, how she finds clients and what her niche is, what her plans and goals are and what advice she would give to bookkeepers who are just starting out.

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Find out your next step in bookkeeping.

Free calls and books. https://bookkeeperssupport.com

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In this special episode for Bookkeepers Bootcamp Jo Wood was joined by The 15 Minute Guy: Ashley Leeds along with Nicola Fallon and Emma James from The 6 Figure Bookkeeper community. They discussed how we can turn our connections into paying clients.

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.