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In this episode of Between Two Doors, Kasi Taylor of Boring Bookkeeping helps business owners understand why clean books matter before they apply for a mortgage. Kasi and Nate talk about profit and loss statements, separated business accounts, receipts, write-offs, taxes, and the bookkeeping habits that can make self-employed borrowers easier to approve.
Listen as Kasi explains how monthly bookkeeping, clean P&Ls, CPA coordination, and organized records reduce stress and help business owners make smarter decisions. Connect with Kasi Taylor at Boring Bookkeeping through https://boringbookkeeping.com. Between Two Doors features conversations with professionals who help buyers understand the people, numbers, and preparation behind the move.
Listen as Kasi explains how monthly bookkeeping, clean P&Ls, CPA coordination, and organized records reduce stress and help business owners make smarter decisions. Connect with Kasi Taylor at Boring Bookkeeping through https://boringbookkeeping.com. Between Two Doors features conversations with professionals who help buyers understand the people, numbers, and preparation behind the move.
Creators and Guests
Guest
Producer
Stan Carver II
Stan Carver II is the producer behind his brother Nate Carver’s Between Two Doors podcast, bringing a blend of marketing savvy, technical craftsmanship, and video-editing polish to help each episode shine. As third-generation real estate investors, Stan and Nate share more than a family bond—they’ve rolled up their sleeves together renovating dilapidated properties, learning firsthand what it takes to turn potential into value. That shared experience fuels their on-air chemistry and off-air collaboration, with a brotherly camaraderie that’s equal parts hard work and genuine fun. For Stan, it’s a joy to support his Favorite Mortgage Guy's vision—translating great conversations into professional, compelling content that helps their audience make smarter moves in real estate and homeownership.
What is Between Two Doors?
Between Two Doors is a unique exploration of the real estate world through the eyes of its most fascinating professionals. Hosted by Nate Carver, a seasoned mortgage expert, and proud veteran, this podcast dives deep into the personal journeys of realtors, offering listeners insider perspectives on the challenges, successes, and the little-known stories behind the sale signs.
From first-time buyers to seasoned investors, Between Two Doors provides valuable insights, tips, and tales that illuminate the real estate industry in a whole new light. Sponsored by Success Mortgage Partners, we're here to inspire, educate, and empower our listeners with stories of perseverance, innovation, and success.
Join Nate as he bridges the gap between real estate professionals and enthusiasts, exploring what it takes to thrive in this dynamic industry. Whether you're seeking advice, inspiration, or just a good story, "Between Two Doors" has a place for you.
Interested in making
business less stressful for yourself.
If you are a business owner
and you're wondering
about profit and loss statements
and what it might take to get mortgage
ready,
I've got a podcast tailored just for you.
Today we're talking to Kasi, the Boring
Bookkeeper.
Hey, I'm Nate Carver and welcome
to Between Two Doors.
Hi, Kasi.
How are you?
I'm good. How are you?
I'm doing great. This is timely.
I, as a mortgage lender,
I, you know,
I do get self-employed borrowers, and,
you know, they've grown in their business
and they're tired of renting, and,
they come to me and they, you know, they
say, hey, we want to own our own home.
And I'm like, great, let's do it.
And then and then
and then we uncover things and, you know,
I don't expect them to know
they've got families
and they have a business to build.
And so,
I think this will be a neat opportunity
for us to uncover, unpack all of that
and see what we can do to set
up, business owners for success
when it comes to,
for them to pursue their first
home or their next home.
So I'm excited.
Nice.
Okay, so
let's, let's say a little bit about you,
just kind of establish
a baseline here,
and then we'll we'll dive into it.
Tell me about your past.
How did you get into bookkeeping?
Yeah.
So I was a teacher for eight years.
Originally, I taught fourth grade,
and at the time had just a daughter.
Towards the end of my eighth year,
I had my son, my second child,
and I knew that I needed some change.
Something to, have a little less stress
in the evenings
and be able to spend that quality
time with my family.
So I resigned and I started a home
daycare to be surrounded
with my kids,
my nephew, and get to be with them more.
But as I was running that business,
you quickly learn,
all of the,
the needs and the necessities in there.
It's not just about getting the payments.
It's about what you are doing to set
yourself up in the future for success.
And then, you know,
every year, tax season comes back around
and you have to be ready for it.
So throughout the process, teacher to,
business owner taught me that,
I really love
the organization, the problem
solving, helping people succeed.
There's still teaching in there, but,
just doing it in a different way
and setting up the numbers for success.
What's something,
when you transition from teacher
to, to owning your own daycare,
is there, like,
one thing that stands out that you wish
you knew right off?
Definitely.
To separate your expenses
right at the beginning.
You have your personal expenses,
having a separate bank account
for everything business related from day
one makes it way easier.
There's less that you have to scour
all of your personal bank accounts for.
And then just,
you know, starting little by little.
It doesn't have to be.
Everything has to be perfect
right off the bat.
But tracking and keeping those receipts,
knowing what you've spent on the business
as it's grown and got started
saves you headache later on from digging
and trying to remember everything.
When you're going through the struggle
of getting it all set up.
So is that what
did that lead you into bookkeeping?
It did, in a sense,
of getting it set up, seeing
seeing that process, but then also knowing
when it came
time to do my taxes and looking at it
and saying,
okay, now I have to go find everything.
I have to get myself organized on this.
Since kind of learning through the process
of it's so much easier to do it
as you go instead of one big lump
sum at the end.
And then as I started talking to people,
you know, it is a puzzle.
It's a problem solving, organizing it,
setting it up for success,
and looking at it each month.
So, I kind of had to do a little cleanup
on my own business
at the beginning
and realize this is enjoyable.
I like looking at this piece of it
and organizing it and seeing how
it fits and where it goes.
So from there
was when
I started the bookkeeping business,
I had both of them
running at the same time.
For about a year while I was growing
the bookkeeping side and really,
truly enjoyed that problem solving
piece of it.
Well.
All right.
Tell me the name Boring Bookkeeper. Yes.
Boring Bookkeeping?
Yeah.
When you talk to people, and ask them
if they've done their books,
usually the response is, nope.
It's at the bottom of my list.
I'll get to it eventually.
And that response is usually
because they hate doing it.
It is boring.
It's not entertaining to them.
And hopefully your
your bookkeeping is boring.
It should be boring
if it's, fills you with anxiety
or there's something exciting
happening in your books,
it means something's not aligning, and
you got to dig deeper to figure it out.
Yeah, but once it's solved and consistent,
the books are kind of boring to look at,
unless you really like numbers
in the organization of it.
So for most business owners, the response
was, I can't look at my numbers.
I fall asleep doing.
You know, when I,
when I write checks or whatever, I'm
in, I get the receipts, I,
I remember that.
I never know.
I probably know, I don't know,
I tell myself that, you know,
and I just move on, and next thing I know,
I've lost that receipt.
Yeah,
I can relate.
My mind tends to glaze over
whenever it comes to this stuff, so,
which is why I'm happy to have met you.
Whenever,
are you seeing some common mistakes?
When it comes to businesses in the books,
like,
you know, biggest
bookkeeping mistakes that you see?
Yeah.
The biggest bookkeeping
mistake is not having
the separate business account
from your personal or
to still use your business
and have a bunch
of personal transactions in there
that you're having to move each month.
And that's, it's
something that you want as few
personal expenses mixed into your business
bank accounts as possible.
Because the more you're sending money
back and forth, little here, little there,
it just kind of raises a red flag of
why is the money
moving back and forth so much?
Why is there so much personal
on their business account or.
Yeah, you're always having to add entries
of we have all these business
expenses on personal
and all these personal over here.
And it's so much smoother
if everything is fully separate.
You can set up payroll,
you can set up draws to pay yourself.
So that personal is all paid
through the personal.
And business is only business.
Right.
One of the big ones that I see
on the lending side, whenever I'm
putting mortgages together
for, business owners
is, their auto payment,
truck payment, car payment.
They got a vehicle that's part
that's used in their business
and they don't know right off.
They don't know this.
But if you have 12 consecutive months
of that vehicle
being paid from the business account,
the lender does not have to count
that car payment against your income,
which, you know,
let's say it's a service truck.
I mean, that's you're looking at somewhere
close to $1,000 a month.
Yeah.
But I as a lender,
I can add back to your income,
which drives down their debt
to income ratio, and it frees up
monthly income that can be counted
towards their housing expense.
Huge win.
And even if they're doing it
because they are,
maybe they got their books 100%
and they're, you know.
Oh yeah, my bank,
my business account pays for my vehicle.
That is fantastic.
Then I get this. Oh that's wonderful.
We don't get that.
We don't have to count that
against your income.
They don't necessarily know that.
And so they're super excited about that.
I mean $1,000 is a big chunk.
Big difference in you know,
I mean, that's the difference
between qualifying for $200,000
home and a $500,000 home.
It really is
that significant in a monthly payment.
So yeah, that's a big one.
That's one of the big ones
I'm always looking out for.
So but there's others you know
you know there's plenty of others too.
But that's the biggest,
biggest ticket item I usually see.
So so why do you,
or why do so many entrepreneurs
avoid looking at the numbers?
I think it's a couple of things.
It is either, one,
because they see it as a huge expense.
They think it's going to be expensive
to get their numbers up to date
if they're hiring somebody to do it.
Which is not necessarily the case.
The longer you wait,
the more expensive it's going to be,
because then you have a whole bunch
you're digging through.
Yeah.
The other reason
people are usually waiting
are because they think, well,
I'm going to get to it later.
That's on my list.
I'm going to get to my to do
list has to be done by this point.
But then, you know, other emergencies
or other tasks and their business pop up
or things that they just enjoy more,
get pushed above it.
And then, you know,
now one thing they said, I'll do it
next week, then it turns into next month
and now it's taxes are due.
I've already extended their
this is the final deadline.
I have to get it done.
So just, convincing people
that it's better to start it
sooner than later.
Even something done
imperfectly is better than trying
to be perfect right up at the beginning.
How often do you like to
review, the financials with them?
I like to look at them
every month with a client.
When we're doing a cleanup,
we'll kind of work for a month
or two to get everything cleaned up.
We'll have the big initial meeting
to review,
make sure everything is looking correct.
Make sure they like how we have it
categorized.
If they have their own CPA.
I love to meet with their CPA
to make sure that if there's any specifics
that the CPA needs, we're following
that as well, right up at the beginning.
But once it's set up
and we're working on it monthly,
I like to meet with them monthly just to
say, here's where your numbers are.
Here's what it's looking like.
Here's the growth that we're seeing.
And it also helps catch things faster.
Maybe their card has been cloned.
There's fraudulent transactions
that they didn't notice
because it could be a small amount.
And it's just oh, well,
that's another expense that popped up.
But if we're looking at it monthly
and going through,
we'll be able to say
this is a new expense.
We don't normally see this.
Was this really you can catch it
and they can, take it with their bank
and then make sure they get everything
set up that they need to.
And that's great that you mentioned that
I have a client that he's he has told me
he'd have no idea.
I mean, there's so much the,
the churning of of income
coming in and going out on expenses.
He's like, without my CPA, I would know.
I just wouldn't know, you know, you know.
So there you go.
Once, once you're set up
and you're moving forward with the client,
those meetings are they are they like 15,
20, 30 minutes long or something like that
usually or.
Yeah, I've had meetings,
as short as 15 minutes.
We just kind of do a quick review.
They're like, oh yeah, looks good.
And then I've had some that, you know,
even that monthly meeting
might be 45 minutes long.
It depends on how many questions
that the client comes up with.
If they have new things, maybe,
that month they got a new loan
and we have some new documents and things
that we got to get set up in there
to make sure it's
set up properly from the beginning.
But once we're running smoothly
and we have those reports ready
each month, 15 minutes is usually
all it takes for a quick review.
Okay.
Any any warning signs that they might be
falling behind with you or.
Okay.
So the biggest thing that I see
when somebody I can tell
when they're overwhelmed
is as we're working through it,
we start getting less responses.
And that might be, hey, I just need
these statements to finalize everything.
Or, in their accounting software,
your bank accounts disconnected, and
now all the transactions aren't populating,
so I can't help you stay caught up.
But if if the business owner
is overwhelmed and busy,
they might not have the time
to take to sit
and, you know, do a 15 minute
meeting to get those things caught up.
So having the ability to,
bank accounts, most of them
will allow you a view-only user
so I can have my own login.
All I can do is look at your statements.
I'm not paying anybody.
I'm not touching the money.
But I can help
get those reconnected in QuickBooks.
Make sure nothing is falling behind
and not having to bother.
Hey, I'm reconnecting your bank
accounts again.
I need your help. Okay.
And it helps.
Keeps it running smoother.
All right.
When.
When should someone hire a bookkeeper?
Yeah, as soon as, having to work on
their books is taking away from the money
making opportunities.
If your calendar is full of sales
meetings, you're running out of time
to look at the books.
Yeah.
It's also great for people
just starting a business,
because they may not know
all of the different types of,
deductions and claims that they can use
all of the expenses
that do count as business expenses.
We can help
get those set up from the beginning,
so that they're not
digging through their statements later
on to find how much they spent.
Right.
Are you looking for like,
is there a revenue
threshold or is it just it's.
No, there's really not a revenue
threshold.
Then people,
if they're just starting their business
and they only have maybe two clients,
it might not be worth it
to have a bookkeeper yet.
At least monthly.
I think having a bookkeeper
look at it quarterly help
you set it up at the beginning.
That's a great way
to not have to pay monthly,
because you're just getting set up.
You're just getting sales
coming in the door, but,
you know, it's set up
right at the beginning.
And even some
we can do training at the beginning.
But when you're really having to juggle.
Okay, now I'm paying employees,
I'm paying 1099 contractors.
Is it set up correctly
so that when January first hits
and 1099s have to go out?
Do you know those numbers?
Do you know who these contractors are?
Were they tracked properly?
If you're having to juggle all of that,
you definitely need a bookkeeper.
Yeah.
Are you seeing, are you able to actually
show them where you're saving them money?
Let's see if they're budget conscious.
I mean, on one hand,
they're going, "Oh, that's another bill."
I got it right.
I know, check, but on the other hand,
I mean, I would imagine
there's an opportunity
there to really help guide their,
their expenses.
Yeah, there's definitely different things
that we'll look at.
Especially if I see they're paying
for maybe a software
every month and it's slowly
increasing, increasing, increasing thing.
It might be a small increase, but
from the beginning of the year till now
they've increased you
every month for this software.
Let's look at
what is this software doing for you.
And is there another option
that could save you money
outside of that on, payment processing?
That's a big one
that usually costs people more money
than they realize
just on how you're taking payments.
And we can really,
you know, separate it
very clearly in their P&L of here's
how much you brought in
sales, here's how much of that
went to just running those invoices,
and looking at other options
and connections to,
other merchant providers to really see
how you can save money in that one aspect.
Right.
You know, subscriptions to of course,
I'm going to have this on my phone
for my personal stuff.
There's all these subscriptions,
I guarantee I forget about them.
A year later I'm paying Verizon.
What is this?
And I haven't used it.
I can think of Netflix is a good one.
I use that seasonally,
depending on what it shows out,
and then I'll forget about it
and I'll get billed for it.
And I'm like, I didn't even.
Know. Yeah.
But on the business side,
I, you know, I, I will,
I will go and sample a bunch of software
and there will be some small print
auto renewal thing.
I will have moved on and won't notice it,
until, till tax season.
So, but
it is also
one the reason why I reached out to you.
So, so we're gonna we're gonna
I'm going to learn
and apply that to my life as well.
It's, are you seeing any kind of,
like, ROI, return on investment,
for having a bookkeeper
or having organized books?
Yeah, I think, you know, there's
different levels
of what a bookkeeper can do for you.
I have people coming to me
when they said, I'm filing my taxes
and looking at my QuickBooks,
it looks like my sales are doubled.
I'm going to have to pay an immense number
in taxes, but I don't think that's true.
And so I've had to go and clean up
and look and realized in their QuickBooks
it was marking their invoices as a sale.
And then when that payment
came into the bank,
it marked that as a separate sale
instead of matching them together.
So it was duplicating everything.
And if they did not reach out
and they just
said, well, this is what QuickBooks
says, this must be what I made.
They would have
been saying that they made twice
as much as they really made,
and would have had to pay
a whole lot more in taxes.
Yeah.
So knowing that you can look at it
there, outside of it, the other piece is,
if you have a bookkeeper
that's helping you
run the invoices,
pay your vendors, do all of that,
they can help set up a plan, to get it
organized where, you know what
that cash flow looks like each week?
If you're running, invoices,
paying, employees each week, you can say,
here's where your cash flow is, here's
what money is coming into the bank.
Here's what I'm expecting this week,
based on all the invoices
that have been sent out, marked as paid,
here's what you'll be sending out
and kind of really managing that money
so it doesn't come back.
That payroll bounced or all of a sudden
they need to purchase something
and that money isn't there.
Right.
So I talked to a lot of realtors,
on the podcast.
And What are there
some bookkeeping, bookkeeping, things
especially related
or that would be especially important
to realtors?
Realtors
have a lot of marketing materials
that go into the beginning
of listing a house, reaching out,
find that customer clientele,
that they really want to track
every piece of that.
And I think it's definitely easy
to drop, or forget.
Oh, I spent this, on new signs,
or I had to get this made.
They might not recognize that all of these
big expenses went into one house.
And if we're not looking at it
from the sale of that individual house,
they they could be losing money in the end
if they're spending
way too much on getting that house
set up before the sale.
So I definitely think it's worth
looking at and seeing,
kind of tracking all the marketing
that goes into each individual sale
separately so that you can see
what percentage of this are you spending
on marketing materials and the costs
associated with selling that house?
Right. Wow.
Are you seeing any major mistakes
that kind of stand out,
with realtors?
Not knowing that
many of your other expenses
that could be seen as personal, like,
until I get a new business
suit can be listed under business expenses
because you are purchasing that outfit,
that uniform to wear
when you're presenting yourself,
in a business, professional attire
could even be, haircuts
and different things.
CPAs will give,
their final say on what they're counting
as those business expenses.
But I like to look at all of that.
If you are presenting yourself,
you have a specific way.
Realtors definitely do.
They like to look nice,
and have a best foot forward
when they're meeting with clients.
And many of those expenses
can be listed as business expenses.
Interest.
You show up in a tuxedo?
Yeah. I don't know.
Put it on there.
Oh, well, I just did a podcast.
It's going to get published
probably next week.
Here's the guy's,
his whole branding is is Harley-Davidson,
and he owns
Harley-Davidson, and he shows up
to all of his business on that.
Harley just had a wasp fly by.
Anyway, and so there you go.
That, you know, I could see,
obviously the vehicle, the motorcycle,
you know, the helmet,
you know, the helmet, the,
the chaps, every there's a
there's a lot that could go into that.
I wonder if he's doing. Yeah. I'm not.
I'm going to send this to him.
Let him be entertained by that.
Yeah.
Wow. Yeah.
So, let's see.
So they're all commission
based professionals. So,
Any, any
habits that they could establish
that early on
that would help you?
I think that open
communication is best,
because as I look through things,
as I'm categorizing,
definitely at the beginning of getting
to know a new business and a new owner
and how they work and how they,
go about their day with their expenses.
I have a lot of questions up
front of what you're spending it on,
how it helps the business,
and what it goes towards that
if we can get all of those big questions
answered early on,
then I pretty much get a feel.
And then as the months go on,
the questions are less and less because
most of those expenses are expected.
And I, I can see, okay,
this is this type of expense
because here's what they've spent
in the past and it's similar to that.
Here's what they're using it on.
And then we'll just review it
during our meeting over
the month of here's what I've categorized.
That might be something new, but I could kind
of tell what you're purchasing that for.
In the odds that if we keep it up-to-date
monthly, it's easier
to remember what those expenses are.
Like.
You said, you'll lose receipts.
You'll tell yourself,
I'm going to remember this,
and then you don't later on.
If you wait until the end of the year,
you're definitely not going to remember
what that $100, $50, $200
might have been for.
But if it's in the same month,
most likely you're going to.
Yes, I was meeting this client
on this day.
We had lunch. Here's what that was for.
Right.
All right, let's shift
gears a little bit.
Talk about, the mortgage angle.
Why do clean books help
when it comes to mortgages?
Yeah.
If your books are messy,
it's going to delay everything.
There's more questions that pop up.
There's more things
that have to be dug into.
It takes a little bit longer.
If you have clean books,
then the questions are going to be less.
They're just looking at here's what it is.
Here's what we can expect.
The documentation of it gets a little bit
quicker and income can be verified.
Easier if it's messy.
There's there's more digging,
more questions,
sorting it out and kind of figuring
where is everything?
Yeah,
that car payment, it's always top of mind.
I mean, that's the biggest one usually.
But the fact is, I mean, even,
you know, there's a couple other
line items that are, you know,
as a lender, I'm looking at it and say,
well, where can we add money back,
to lower their debt-to-income ratio?
So we're I'm always looking at that.
If the books are clean
and it's all laid out in front of me,
I can put a loan together
in about 48 hours on self-employed.
And, if it's not, well,
then it leaves room.
It's going to take longer.
Sometimes a lot longer. I
go from 48 hours to two weeks, so.
Yeah. Yeah.
I mean, we're looking
if it's close, right?
It's a, you know, trying to qualify,
for a specific amount.
And, if there's an opportunity to,
to add back, income,
I definitely want to get that done.
And so,
because it just helps the borrower out,
helps them out in their residual income,
the risk analysis from the lender,
which what that translates,
what that means to the borrower,
the future homeowner,
is that a lower interest payment,
a lower cost loan, lower closing costs.
So those are those big things
that really hit the pocketbook.
So, I really am working to help them
hang on to their money.
Yeah, I know that's hard to come by,
so I want to help them. Hey.
Good.
So, what can a business owner
do today to improve their chances
of qualifying for a loan?
Okay, the big thing is
you don't want to have where
everything is or right off.
Especially if they're self-employed.
If you're having it where everything is
deductible, business expense,
it saves on your taxes,
but then you're not showing that profit,
which is needed at the end of the day
for those loans.
So you definitely have to work
with your bookkeeper
and with your CPA to figure out
what is the right balance,
what's going to help, on the lending side
and save you on the tax side.
Because you're looking at more than just
I don't want to pay anything in taxes,
but then you wouldn't qualify
because there's no profit left.
Yeah.
If if they're
doing if they're keeping their personal
and their business finances separate
business credit cards,
personal credit card separate,
sometimes they don't sometimes charge
I do it, charge it on the wrong card.
It's done so right. Great.
You'll see that.
And sorry.
You'll see that on online.
But is I think is there.
There's some big ticket items
they can do in preparation
for getting a mortgage.
Are you,
have you heard through the industry
and what's your experience
that they're things that they can avoid?
I have some things in mind, too,
if I wanted to hear from you.
I'm not sure.
Off the top of my head,
I do know that I had a client
that was using their, financial
documents, their P&L and balance sheet
to qualify for a mortgage loan.
And we had it clean, organized.
So they really didn't have any questions.
At the end of the day,
it was just me verifying these are set up.
These are good to go.
The information
that's on here is accurate.
It's true.
And then I just
had to sign my name on it.
And they were able to take that
and use that.
On the, the lending side.
No, but I love to hear your big
ticket items to look for our.
All right,
number one credit cards,
whether it's the business card
or their personal account
or, personal cards,
or if there are intermingled,
that balance.
So I always tell people,
look at your credit card statement,
there's two dates, there's the due date,
and then there's a report date.
That due date is when your bills do they
after that or whatever
after the grace period it's
going to get reported as late pays, slow pay,
missed payment right on the credit report.
So that's going to ding their scores.
They can pay it on time.
And that's great.
You know they
you know good credit payment history.
The thing I like to
for the ask them to look out for
is the, the balance, the credit limit,
and usage.
So that's when that report date becomes,
real important
because whatever the balance is
on that report date is,
is when Mastercard or Visa, whoever it is,
is going to report to the credit bureaus
the balance on that card.
And this happens to me,
I have one card that you use
for travel and I will run it up.
Flights, Ubers, food, hotel.
All the other things that go on
with the convention and or conference
and that card will, I'll run it up and
The balance on, I'll hit, I'll go over
50% of the limit
and I'll, I know when the report date is.
So I will go in and write a check
and pay it below,
below 30%,
if you will, of the limit or down.
I try not to keep a balance of,
you know, pay it off, right.
Or pay it down
to whatever something menial.
And then the report date happens,
whatever that new balance
is, let's say it's 100 bucks.
The credit bureaus are not.
They have no idea that you just spent
$5,000 on a trip.
I just see that your balance
on the report date
on your $5,000 limit is 100 bucks.
So they're going to get an on time
payment.
They're going to get responsible usage.
And obviously, additional history,
that reflect reflect
greatly on your scores.
Whereas if you go run up a business card
or personal card,
and it shows that on that
report date, you're going to lose
40, maybe 80 points,
depending on how bad you ran it up.
And that's going to just going to cause
a major swing
in your credit scores,
your Fico score for housing.
That's that's the big one.
If I in
talking with, well, anybody
but business owners
specifically about those credit scores,
and those, those account balances.
So what is your what are you trending?
Oftentimes they tell me, oh, I pay it off
every month.
I say, great, let's look at those two
dates and see what we can do to adjust.
Because if we have time, it
does, you know, once they get 2
or 3 months of that kind of history,
now that they know,
it'll, it'll run their scores up a lot.
And so which translates
into significant savings for the borrower.
That's why number one, that's my
that's my soapbox.
It'll all die on that.
So, how are you in business growth?
What does what does a bookkeeper do
that helps a home homeowners
or help business owners sleep better?
Ooh. Okay.
So, knowing where the numbers are,
not just knowing what's in the bank
account at the end of the day,
because the bank account is going to go up
and down with each expense.
But knowing what that means
in the full view of your company,
you might have money
sitting in the bank account, but you could
still be net negative on your,
profit and loss on your balance sheet.
If, you have more expenses
than you have income coming in.
Just because the money is
there doesn't mean you're
growing and building your business
and making profit every month.
So really, knowing what that looks like,
knowing what to expect
each month, once you are in the habit
of looking at those numbers,
and not only looking at your
numbers, but looking at your accounts
receivable summary.
Do you have invoices that are
sitting there for months, over months?
Maybe there's a certain client that always
takes three months to pay an invoice.
Knowing when those are sitting there,
when to start reaching out, to have
somebody help you start reaching out
to send things to collections,
and not have a massive amount.
Sitting in your accounts
receivable can help.
But knowing that
there's time saved off of your day,
the business owner is not the one
that has to go track all of this.
Figure it out.
They look at the final completed report
to see
what do they need to do next.
All right.
What's biggest what's the difference
between a bookkeeper and an accountant?
So a bookkeeper is working on,
categorizing the books, kind of, seeing
what is there.
It's what you've already spent.
The accountant is taking it.
The next step of figuring out
is, are you in compliance with everything?
We're analyzing those numbers, seeing
if there's a strategy to put in place.
And the CPA is helping you with, filing
your taxes,
making sure you're following those laws.
If you think of it like building a house,
the bookkeeping is just the foundation.
It's getting it set up,
making sure that you have a strong base.
The accountant is starting to analyze,
build the walls,
and then the CPA is the final touch
of putting everything together.
It's now a livable house.
All right,
so we're building a foundation first.
What is the one financial advice
that you give an entrepreneur?
Make sure
it's separated from the beginning.
You have some way to track your expenses.
Any type of accounting software can help.
If you have it set up at the beginning,
then you're not digging,
finding, splitting everything up.
It's there.
It's collecting the data.
It just has to be organized a little bit.
Okay.
You ready for some rapid fire questions?
Absolutely.
We got a little bit lagging okay.
All right. So let's do this.
This help people get to know you.
Because outside of bookkeeping,
you're not boring for sure. So.
All right, big one for me. Coffee or tea?
Coffee all day long.
All right.
Yeah.
It's never too
hot for a cup of coffee now.
So, early bird or night owl?
I'm a night owl.
All right.
Favorite. Your.
What's your favorite app for businesses?
I have two, QuickBooks online
for tracking those expenses,
doing all of the bookkeeping.
The other one is my CRM go high level for,
keeping track of the calls, communicating
with clients
in all of my notes.
Okay.
All right, so how about,
talking about notes, digital or paper?
I go back and forth.
I'm trying to have everything digital
so I can access it anywhere,
talk with a client exactly
where they're at, no matter where I am.
But I'm also just a paper person and love
paper and pen.
Yeah.
Same here.
I went and got, I have a notable.
It's a digital note keeper.
Paper.
Fantastic. When I remember to use it.
But I also have
my legal pad, which is everything
that's like, you know.
Yeah, I got them both.
But really, like, my notebook. I just.
So, Let's see. Let's.
One thing people don't know about you.
I live in Denison,
so I'm, like, ten minutes
from the Oklahoma line
that. Yep.
Somebody every time I'm talking about
where I'm located, because I am
have accidentally driven into Oklahoma
many times.
Do you get, you
you had to take vacations.
You got a favorite vacation spot?
I love going to beach areas,
but I don't really like the sand
or being in the the ocean,
but I like being in the beach,
the tropical area, being around water.
I just don't want to be in the sand.
Fair enough.
No sand. All right. Do you?
When it comes to
your business,
is there a book that you would recommend
an entrepreneur or business owner to own
or to read?
Yeah.
Sticking with the theme of bookkeeping,
Profit First is a great one.
It talks about different types
of bank accounts
and how to split it up to easily track,
expenses savings,
having a separate account of savings
just towards taxes.
So profit first is a great one.
If you want to know more about the numbers
and how to organize it.
Alright.
Last,
we're almost we're almost out of time.
So I wanted to make sure
I had everything covered as or
as much as possible
in this, in this podcast,
final piece of advice
you might give somebody that's,
maybe feeling a little overwhelmed
in their business financials.
Yeah. So,
your bank account tells you how much cash
you have in it, but it is not the end
all be all what you should use
to make financial decisions.
If you're overwhelmed,
have somebody help you,
whether it's training, setting it up
so that it's easier for you to use,
or just giving you advice,
you don't have to do everything yourself.
That's the best part
about being a business owner,
bringing in the advice from other people
that can help ease your anxiety
in all of those areas.
All right, tell me,
what is
the best way somebody
Realtors, entrepreneurs,
Self-employed.
They're looking for a bookkeeper.
What's the best way
they can get ahold of you?
Yeah, you can definitely,
contact me at boringbookkeeping.com.
I have a chat widget on there where
it starts a text conversation between us.
There's a contact form.
I am on Facebook and LinkedIn as well.
Or you can always give me a call.
All right.
I'll put the links down below.
Wherever you're consuming this podcast,
those links will be there.
Kasi, thank you very much.
The Boring Bookkeeper.
Absolutely.
Get that right.
The company's Boring Bookkeeping.
But I will say.
And the Boring Bookkeeper.
But, and I see I messed it up, so.
All right, I'm gonna make sure it's
right in the algorithm.
So, maybe I'm going to edit this part.
Also, I present myself as perfect. Right?
It's all good.
Well, there you have it.
Kasi, thank you very much.
See, I'm getting flustered today, so,
that's going to be it
for this episode of Between Two Doors.
And thank you very much for being a guest.
Thank you.
This is my first podcast.
Well, there you go.
We'll come back,
do some highlights along the way.
Things change.
You know the rules. You know, who knows?
You know,
whatever comes out of government,
state, local, federal,
if any of that changes will,
we'll hop on and do an update.
Perfect. Sounds good.