The Accounting Edit

The Accounting Edit
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The Accounting Edit is where real conversations meet real numbers. Hosted by two women accounting firm owners, we’re pulling back the curtain on what it’s actually like to build a modern accounting practice—while helping small business owners make sense of their finances. Whether you’re a fellow firm owner, a service-based entrepreneur, or just curious about the behind-the-scenes of running a business, you’ll find honest insights, practical advice, and plenty of moments that make you feel like you’re not alone.

  1. 25. What Running an Accounting Firm Actually Feels Like

    2 APR

    25. What Running an Accounting Firm Actually Feels Like

    This episode offers an in-depth look into the behind-the-scenes work of running a business, focusing on invisible tasks, emotional challenges, and growth strategies for entrepreneurs. Leah and Aminder share personal insights and practical tips for balancing ambition, managing stress, and building sustainable success.   Takeaways ·     Business owners do a lot of unseen work that iscrucial for success. ·     Managing emotional health is essential for long-term sustainability. ·     Setting boundaries and saying no are vital skills for entrepreneurs. ·     Reflecting on goals helps balance ambition with well-being. ·     Building systems and team support reduces stress and increases efficiency.   Chapters 00:00 Behind the Scenes of Accounting Firms 05:02 The Emotional Landscape of Business Ownership 09:33 Growth and Scaling Strategies 16:50 Current Focus and Future Goals   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool   Keywords: business growth, invisible work, emotional resilience, entrepreneurship, work-life balance, client management, business strategy

    23 min
  2. 24. Why Most Six Figure Businesses Stay Stuck

    19 MAR

    24. Why Most Six Figure Businesses Stay Stuck

    Why do so many six figure businesses stay stuck? In this episode, Aminder Mann (Sequoia CPA) and Leah McCool(Orca Accounting) break down why growing revenue is not the same as scaling a profitable business. They share the key financial and operational mistakes that keep service-based businesses from reaching seven figures. From poor margins and inconsistent financial reviews toreactive hiring and lack of cash planning, this episode walks through what is really holding businesses back. They also cover what seven figure businesses do differently,including how they approach pricing, profitability, forecasting, and monthly financial decision making. If your business is generating revenue but not translatinginto real profit or growth, this episode will show you what needs to change. Takeaways ·     Revenue without margin awareness keepsbusinesses stuck ·     Expenses growing faster than revenue is a keyred flag ·     No monthly financial review means no realvisibility ·     Hiring and pricing should always tie back toprofitability ·     Discounting erodes margin and limits growth ·     Lack of financial rhythm leads to reactivedecisions ·     Shifting from operator to CEO is required toscale ·     Delegation and systems remove you as thebottleneck ·     Seven figure businesses make intentional, datadriven decisions ·     Growth is built through structure, not justeffort   Chapters 00:00 Introduction to Business Growth Challenges 05:07 The Importance of Financial Rhythm 09:21 Shifting Mindsets: From Operator to CEO 13:44 Monthly Financial Reviews and Adjustments   Keywords: business growth, financial management,scaling from 6 to 7 figures, profit margins, financial planning, business strategy   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    18 min
  3. 23. What Actually Happens During a Bookkeeping Cleanup

    5 MAR

    23. What Actually Happens During a Bookkeeping Cleanup

    This episode explores the importance of bookkeepingcleanup for small businesses, covering triggers, processes, common issues, and when to seek professional help. Learn how to restore your financial records, improve decision-making, and set a strong foundation for growth. Takeaways ·     Messy books are usually a systems issue, not character flaw. ·     Regular cleanup helps in making data-driven decisions. ·     Professional help is recommended when books are significantly disorganized.   Chapters 00:00 Introduction to Bookkeeping Cleanups 02:23 Why Businesses End Up Needing Cleanup 04:56 What a Cleanup Actually Involves 09:54 What We Typically Discover 13:17 The Emotional Side of Cleanup 17:11 Should You DIY or Hire Help   Keywords: bookkeeping, financial cleanup, small business, accounting, bookkeeping tips, financial management, QuickBooks, business growth, financial accuracy, bookkeeping mistakes   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    25 min

  4. 19 FEB

    22. Our Favorite Metric to Look at Every Month and Why it Matters

    In this episode, Aminder and Leah discuss essential financial metrics for businesses, focusing on net cash flow and net profit margin. They explore how these metrics provide insights into a business's financial health and sustainability, emphasizing the importance of understanding cash inflows and outflows, as well as profitability. The conversation highlights the need for business owners to track these metrics over time and avoid comparing themselves to others, advocating for a focused approach to financial management.   Takeaways ·     Net cash flow is crucial for understanding cash availability. ·     Net profit margin indicates how much profit isretained from revenue. ·     Both metrics are essential for assessing business sustainability. ·     It's important to track trends over time, not just one-off figures. ·     Avoid comparing your metrics to others; focus on your own progress. ·     Start with a few key metrics to avoid overwhelm. ·     Understanding cash flow helps in making informed business decisions. ·     Net cash flow includes all cash inflows, not just revenue. ·     Business owners should assess their pricing and expenses regularly. ·     Simplicity in metrics can lead to better financial management.   Chapters 00:00 Introduction to Key Business Metrics 01:12 Understanding Net Cash Flow 05:25 Exploring Net Profit Margin 11:06 The Importance of Sustainable Metrics   Keywords: business metrics, net cash flow, net profit margin, financial sustainability, KPIs, accounting, business growth, profitability, cash management, financial health   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    15 min

  5. 5 FEB

    21. When DIY Bookkeeping Stops Making Sense

    In this conversation, Leah and Aminder discuss the challenges of bookkeeping for business owners, highlighting signs that indicate when it's time to seek professional help. They explore the emotional burden of managing finances, the importance of understanding financial literacy, and the complexities that arise as a business grows. The discussion emphasizes the benefits of outsourcing bookkeeping tasks to allow business owners to focus on growth and decision-making.   Takeaways ·     If your books are always behind, it's a sign. ·     Using numbers only for compliance indicates aproblem. ·     Increasing complexity in business financesrequires professional help. ·     Cash flow issues can arise even with profit onpaper. ·     The emotional burden of bookkeeping can beoverwhelming. ·     Understanding finance is crucial for makinginformed decisions. ·     It's okay to let go of bookkeeping tasks as yougrow. ·     Outsourcing bookkeeping can relieve stress andsave time. ·     Financial literacy is important for businessowners. ·     Outsourcing allows you to focus on growing yourbusiness.   Chapters 00:00 Introduction to Bookkeeping Challenges 01:11 Your books are always behind 02:19 You don't actually use the numbers 03:30 Revenue or complexity has increased 05:03 You're guessing instead of deciding 05:52 Emotional cost is high 09:18 The Importance of Financial Literacy   Keywords: bookkeeping, accounting, financial literacy, business growth, outsourcing, cash flow, compliance, emotional burden, complexity, small business   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    12 min
  6. 20. Defining Accounting Terms: So you feel less lost when meeting with your CPA

    22 JAN

    20. Defining Accounting Terms: So you feel less lost when meeting with your CPA

    In this episode, Aminder Mann and Leah McCool delve intoessential accounting terminology, aiming to demystify common terms used in the field. They cover key concepts such as the General Ledger, Trial Balance, Chart of Accounts, Journal Entries, Profit and Loss Statements, and more. The discussion provides insights into how these terms interrelate and their significance in understanding financial statements and managing businessfinances effectively.   Takeaways ·     Understanding the General Ledger is crucial fortracking financial transactions. ·     The Trial Balance serves as a check to ensureall accounts are balanced. ·     Chart of Accounts organizes financial data intocategories for better clarity. ·     Journal Entries are essential for makingadjustments in accounting records. ·     Profit and Loss Statements provide insights intoa business's financial performance. ·     Bank Reconciliation ensures that bank recordsmatch the company's financial records. ·     Accounts Payable involves managing bills andpayments to vendors. ·     The Balance Sheet reflects a company's financialposition at a specific time. ·     Top Line income refers to gross revenue beforeexpenses, while Bottom Line is the net profit after expenses. ·     Accounts Receivable management is vital formaintaining cash flow.   Chapters 00:00 Demystifying Accounting Terminology 01:07 Understanding the General Ledger and Trial Balance 02:55 Journal Entries: Adjustments and Corrections 04:56 Profit and Loss Statement Explained 05:32 Bank Reconciliations: Ensuring Accuracy 05:56 Accounts Payable: Managing Bills and Payments 06:36 Balance Sheet: A Snapshot of Financial Health 07:35 True Up and Ties Out: Ensuring Accuracy 08:54 Top Line vs. Bottom Line: Understanding Revenue 10:08 Accounts Receivable: Managing Customer Payments   Keywords: accounting, general ledger, trialbalance, chart of accounts, journal entries, profit and loss statement, accounts payable, balance sheet, cash flow, accounts receivable   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    13 min
  7. 19. January tips & deadlines: 1099s, W2s, Year-End close, etc.

    8 JAN

    19. January tips & deadlines: 1099s, W2s, Year-End close, etc.

    In this conversation, Leah and the Accounting Podcastteam discuss essential tips and deadlines for small business owners as they enter the new year. They cover important topics such as 1099 forms, W-2s, year-end closing procedures, financial performance analysis, and sales tax filings. The discussion emphasizes the importance of compliance, organization, and strategic planning for the upcoming year.   Takeaways ·     A 1099 form is required for contractors paidover $600. ·     Collect W9 forms before paying vendors to ensurecompliance. ·     W-2s are due by February 2nd for the previousyear. ·     Year-end close involves finalizing financialsand ensuring accuracy. ·     Review financial performance to set goals forthe new year. ·     Sales tax filings depend on your business'sfiling frequency. ·     It's crucial to stay organized and meet alldeadlines. ·     Utilize accounting software to streamline thefiling process. ·     Comparative analysis of financial data helps instrategic planning. ·     Having a checklist can simplify the transitioninto the new year.   Chapters 00:00 Intro 00:28 1099s 04:49 W2s 06:08 Year-end Close 07:54 Review your financial performance and position 10:46 Sales tax filings & WA DOR State Filings   Keywords: small business, 1099 forms, W-2s,year-end close, financial performance, sales tax filings, compliance, accounting tips, January deadlines, bookkeeping     Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    15 min
  8. 18. A Year in Review: Suprises, lessons, and predications

    25/12/2025

    18. A Year in Review: Suprises, lessons, and predications

    In this reflective podcast episode, Aminder and Leahdiscuss their experiences and lessons learned throughout 2025, their growth as entrepreneurs, and their predictions for the upcoming year. They share insights on the importance of networking, referral marketing, and the emotional journeyof starting a business. The conversation highlights the significance of trusting the process, adapting strategies, and the value of supportive relationships in entrepreneurship.   Takeaways ·     2025 was a year of significant growth. ·     Referral marketing has proven to be impactfulfor client acquisition. ·     Trusting the process is essential inentrepreneurship. ·     Networking can lead to unexpected opportunitiesand connections. ·     The podcast has been a meaningful outlet forsharing experiences. ·     Adapting strategies and being open to pivots iscrucial for success. ·     Branding and marketing are vital components ofbusiness growth. ·     Recognizing that everyone is human can easenetworking fears. ·     Setting clear goals for the upcoming year isimportant. ·     Creating digital products can supportearly-stage business owners.   Chapters 00:00 Year-End Reflections and Surprises 06:51 Lessons Learned in Entrepreneurship 14:12 Pivots and Changes in Business Strategy 18:29 Predictions for the Coming Year   Keywords: 2025 recap, business growth,entrepreneurship lessons, referral marketing, networking, client acquisition, podcasting, branding, marketing strategies, future predictions, accounting   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    24 min
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About

The Accounting Edit is where real conversations meet real numbers. Hosted by two women accounting firm owners, we’re pulling back the curtain on what it’s actually like to build a modern accounting practice—while helping small business owners make sense of their finances. Whether you’re a fellow firm owner, a service-based entrepreneur, or just curious about the behind-the-scenes of running a business, you’ll find honest insights, practical advice, and plenty of moments that make you feel like you’re not alone.

Information

  • Creator
    The Accounting Edit
  • Years Active
    2025 - 2026
  • Episodes
    25
  • Rating
    Clean
  • Copyright
    © The Accounting Edit
  • Show Website
    The Accounting Edit