The Accounting Edit

The Accounting Edit
  • 5.0 (2)
  • Entrepreneurship
  • Updated Biweekly

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. 1d ago

    36. What Your Bookkeeper Should Actually be Doing Every Month

    This episode clarifies what a bookkeeper should do eachmonth, emphasizing the importance of accurate financial management for business owners. Leah McCool and Aminder Mann discuss the key responsibilities involved in bookkeeping beyond simple data entry, including reconciliations, reviewing financial statements, and understanding the nuances of categorizing transactions.   Takeaways ·     Reconciling bank and credit card accounts ·     Reviewing financial statements for accuracy ·     Categorizing transactions correctly ·     Understanding balance sheet components ·     Analyzing financial trends and movements ·     Ensuring proper recording of assets and liabilities ·     Flagging discrepancies and negative balances ·     The importance of a consistent bookkeeping flow   Chapters 00:00 Introduction to Bookkeeping Responsibilities 00:47 What Bookkeepers Should Do Monthly Beyond Data Entry 02:04 Reconciling Bank and Credit Card Accounts 03:11 Reviewing Financial Statements for Accuracy 04:58 Supporting Business Decisions with Financial Data 06:27 Holistic Review of Financials and Flagging Issues 07:07 Understanding the Balance Sheet and Its Components 08:48 Verifying Assets, Liabilities, and Equity 12:20 Ensuring Transactions Are Accounted for Correctly 18:28 Reviewing Financials for Errors and Trends 23:45 The Value of Human Judgment in Bookkeeping 25:07 Conclusion: Reliable Financial Statements for Business Success   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: bookkeeping, financial statements, reconciliation, business finance, accounting, financial accuracy, bookkeeping responsibilities, financial review, small business accounting

    36. What Your Bookkeeper Should Actually be Doing Every Month

  2. Sep 3

    35. Separating Business & Personal Finances

    This episode explores the importance of separating business and personal finances for small business owners. Leah and Aminder discuss practical steps, common pitfalls, and how to establish good financial habits to ensure clarity and compliance.   Takeaways ·     Keep business and personal accounts separate to ensure clarity. ·     Regularly review and clean up your financial records. ·     Work with a tax professional to identify deductible expenses. ·     Plan your owner’s pay based on business profitability and cash flow. ·     Avoid impulsive owner draws; plan withdrawals carefully.   Chapters 00:00 Introduction to the importance of financial separation 01:03 Problems caused by mixing finances 01:58 Why small business owners must separate accounts 05:35 What should and shouldn't be in your accounting software 07:56 Common mistakes with personal and business accounts 11:35 Understanding the 'why' behind financial separation 14:47 How to determine how much to pay yourself 22:10 Paying yourself as a business owner 27:55 Handling already mixed finances and next steps   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 finances, personal finances, bookkeeping, cash flow, tax planning, business growth, financial management,QuickBooks, owner’s salary, financial separation

    35. Separating Business & Personal Finances

  3. Aug 20

    34. Things We Stopped Doing in Our Businesses

    In this episode, Aminder and Leah share the key lessonsthey've learned by intentionally letting go of certain business practices to foster growth, balance, and fulfillment. They discuss how saying no, delegating, and embracing imperfection have transformed their businesses and lives.   Takeaways ·     Saying no to opportunities to focus on aligned clients ·     Protecting time and setting boundaries ·     Hiring first employees and delegating tasks ·     Letting go of perfectionism and embracing progress ·     Creating a business that can operate independently ·     Balancing business growth with personal life ·     Strategies for effective delegation and training ·     Shifting mindset from operator to visionary ·     Planning for time off and future family needs ·     The importance of progress over perfection   Chapters 00:00 Introduction: Lessons Learned by Letting Go 01:48 Saying No to Unaligned Opportunities 03:47 Protecting Time and Setting Boundaries 05:57 Hiring and Delegating for Growth 09:00 From Operator to Visionary 12:07 Planning for Time Off and Future Family Needs 15:08 Overcoming Perfectionism and Embracing Progress 17:45 Key Takeaways: Growth Through Letting Go   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, intentionality, delegation, work-life balance, perfectionism, entrepreneurship, business lessons, mindset, productivity, leadership

    34. Things We Stopped Doing in Our Businesses

  4. Aug 6

    33. The Financial Red Flags Every Business Owner Should Know

    In this episode, Leah and Aminder discuss five key financial red flags that every business owner should watch out for. Understanding these signs can help prevent serious issues and promote healthier business finances.   Takeaways ·     Revenue growth vs bank account growth ·     Importance of cash flow over revenue ·     Knowing your financial numbers ·     Keeping books up to date ·     Monitoring profit margins   Chapters 00:00 Introduction to Financial Red Flags 01:39 Red Flag 1: Revenue is growing, but your bank account isn’t. 05:23 Red Flag 2: Your making decisions based on your bank balance 09:52 Red Flag 3: You don’t know your numbers 13:04 Red Flag 4: Your books are always behind 16:20 Red Flag 5: Your profit keeps shrinking 19:37 Takeaways   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 finance, red flags, cash flow, financial statements, profitability, bookkeeping, financial health, business growth, cash flow forecasting, financial management

    33. The Financial Red Flags Every Business Owner Should Know

  5. Jul 9

    32. Our Tech Stack: Accounting, Payroll, AP, AR, Timekeeping, Project Management, etc.

    In this episode, Leah and Aminder share their insights onessential business softwares including accounting, payroll, accounts payable, receivable, and project management tools. Perfect for entrepreneurs and growing firms, this discussion helps you choose the right tech stack to streamline your operations.   Takeaways ·     Choosing between QuickBooks Online and Zero foraccounting ·     Best payroll software: Gusto vs QuickBooksPayroll ·     Managing accounts payable with Bill.com andTipalti ·     Accounts receivable solutions: HoneyBook andStripe ·     Top project management tools: Asana, Toggl,Smartsheet   Chapters 00:00 Introduction to Business Software Essentials 01:07 QuickBooks Online vs Zero: Which is Better? 08:32 Why Gusto is a Top Payroll Choice 15:38 Managing Accounts Payable Effectively 19:39 Streamlining Accounts Receivable 24:28 Best Project Management and Time Tracking Tools 28:12 Wrapping Up: Choosing Your Software Stack   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 software, accounting, payroll, AP, AR, project management, entrepreneurship, tech stack, QuickBooks, Zero, Gusto, Bill.com, HoneyBook, Toggl

    32. Our Tech Stack: Accounting, Payroll, AP, AR, Timekeeping, Project Management, etc.

  6. Jun 25

    31. Things Nobody Tells You About Being a Woman Business Owner

    Leah and Aminder discuss the unique challenges women face in entrepreneurship, focusing on talking about money, managing emotional stress, and building authority over time. This episode offers practical insights and personal experiences to empower women entrepreneurs.   Takeaways ·     Women tend to be conditioned to avoid discussing money, which can hinder confidence. ·     Confidence in talking about money improves with experience and time. ·     Building authority as a woman entrepreneur is a gradual process that involves trusting oneself. ·     Community support is crucial for emotional resilience in entrepreneurship. ·     Women often face societal and internal barriers that require unlearning and confidence-building.   Chapters 00:00 Introduction and episode overview 01:01 The importance of talking about money comfortably 02:07 Challenges women face in discussing finances 03:27 Pricing and communicating value confidently 04:55 Overcoming confidence hurdles in sales 07:19 The emotional side of entrepreneurship 10:36 Building authority as a woman takes time 17:28 The ongoing journey of confidence and authority 25:26 Final thoughts and encouragement for women entrepreneurs   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: women entrepreneurs, talking about money,emotional resilience, building authority, entrepreneurship challenges

    31. Things Nobody Tells You About Being a Woman Business Owner

  7. Jun 11

    30. Hot Takes We Have About Entrepreneurship

    This episode explores the differences between being busy and growing a business, the importance of culture fit in client relationships, and debunks the myth that more education is always necessary before starting. Hosts Aminder and Leah share practical insights on pivoting, client management,and trusting your own expertise to accelerate growth.   Takeaways ·     Difference between being busy and growing a business ·     Importance of measuring results and ROI ·     Pivoting as a growth strategy ·     Client personality and culture fit ·     Debunking the need for more courses before starting   Chapters 00:00 Entrepreneurship Insights: Busy vs. Productive 07:45 The Cost of Cheap Clients 14:09 The Myth of Needing More Courses   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, client management, pivoting,entrepreneurship, professional development, culture fit, scaling a business, mindset, productivity, marketing

  8. May 28

    29. One Year of The Accounting Edit: What We’ve Learned

    In this episode, hosts Aminder and Leah reflect on their first year of podcasting, sharing surprises, lessons learned, and their vision for the future of The Accounting Edit. They discuss personal growth, community building, and plans to bring more diverse perspectives into their content.   Takeaways ·     Reflections on first year of podcasting ·     Surprising lessons about entrepreneurship ·     Community building and collaboration ·     Plans for future episodes and guests   Chapters 00:00 Celebrating One Year of The Accounting Edit Podcast 09:01 Reflections on Entrepreneurship Lessons Learned 14:34 Looking Ahead: The Future of The Accounting EditPodcast   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: podcast, entrepreneurship, community, growth,accounting, lessons learned, year one, future plans

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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
    36
  • Rating
    Clean
  • Copyright
    © The Accounting Edit
  • Show Website
    The Accounting Edit