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SOPHIA's Bookkeeping Firm, South Poblacion Juban Sorsogon, Juban (2025)

28/10/2024

𝐎𝐯𝐞𝐫𝐬𝐭𝐚𝐭𝐞𝐝 𝐢𝐧𝐜𝐨𝐦𝐞 𝐜𝐨𝐮𝐥𝐝 𝐬𝐩𝐢𝐤𝐞 𝐲𝐨𝐮𝐫 𝐭𝐚𝐱𝐞𝐬! 💸

If you don't clear out your undeposited funds in QuickBooks Online, you might end up paying more taxes than necessary.

Undeposited funds hold payments that haven’t yet been deposited to your bank. If these sit unattended, you risk double-counting income by categorizing new payments as sales, without realizing you've duplicated them. This small oversight can lead to overstated income, higher taxes, and a real hit to your bottom line.

Take a moment to clear out undeposited funds and keep your income—and taxes—right where they should be. 💡

27/10/2024

𝐆𝐫𝐨𝐰𝐭𝐡 𝐭𝐚𝐤𝐞𝐬 𝐭𝐢𝐦𝐞. 🌿

Just like bamboo, solid roots come first—then comes the big leap. As a bookkeeper, I’m here to help you lay a strong foundation so your business can reach new heights! 🌱📈

25/10/2024

𝐖𝐇𝐄𝐍 𝐘𝐎𝐔𝐑 𝐃𝐑𝐄𝐀𝐌𝐒 𝐓𝐔𝐑𝐍 𝐈𝐍𝐓𝐎 𝐏𝐀𝐏𝐄𝐑𝐖𝐎𝐑𝐊—𝐃𝐎𝐍'𝐓 𝐋𝐄𝐓 𝐘𝐎𝐔𝐑 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒 𝐒𝐋𝐈𝐏 𝐀𝐖𝐀𝐘

You didn’t get into real estate to drown in numbers, receipts, and spreadsheets. You’re in it for the freedom, the growth, and to build something tangible. But the reality? As your business grows, so does the paperwork.

One day, it’s a few late nights catching up on the books. Then it’s weekends lost to sorting out receipts. Suddenly, you're behind and have no idea where your business stands financially. Worse, you’re watching valuable time slip away—time that should be spent growing your portfolio, finding new deals, or 𝐞𝐧𝐣𝐨𝐲𝐢𝐧𝐠 𝐦𝐨𝐦𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐥𝐨𝐯𝐞𝐝 𝐨𝐧𝐞𝐬.

Have you ever had that gut-wrenching moment of looking at your numbers and realizing you’re not as profitable as you thought? 𝐎𝐫 𝐰𝐡𝐞𝐧 𝐮𝐧𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐚𝐱 𝐛𝐢𝐥𝐥𝐬 𝐡𝐢𝐭 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐲𝐨𝐮 𝐰𝐞𝐫𝐞𝐧’𝐭 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝? The weight of those numbers can crush your business dreams if left unchecked.

A skilled bookkeeper doesn’t just crunch numbers—𝐭𝐡𝐞𝐲 𝐠𝐢𝐯𝐞 𝐲𝐨𝐮 𝐜𝐥𝐚𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞. They free up your time so you can focus on what matters: expanding your investments, taking care of your properties, and making wise decisions backed by accurate financial data.

You don’t have to sacrifice your evenings or weekends for bookkeeping. Instead, imagine having up-to-date financials, knowing your cash flow, and feeling secure when tax season rolls around. Let someone else take care of the paperwork while you take care of your future.

Hiring a bookkeeper isn’t just an expense—it’s an investment in your success. ✨

15/10/2024

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐛𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐞𝐚𝐬𝐢𝐞𝐫 𝐚𝐧𝐝 𝐬𝐚𝐯𝐞 𝐭𝐢𝐦𝐞 𝐨𝐧 𝐢𝐧𝐯𝐨𝐢𝐜𝐢𝐧𝐠?

Find out how to set up recurring invoices that do the work for you—no more manual effort, just smooth and timely billing every month! 👇

12/10/2024

Handling a mountain of transactions every month? It doesn't have to be overwhelming! With a few simple tweaks in Xero, like cash coding and bank rules, we can speed things up and keep everything accurate. Let’s make bookkeeping a breeze!

05/10/2024

𝐍𝐨 𝐛𝐚𝐧𝐤 𝐟𝐞𝐞𝐝? 𝐍𝐨 𝐩𝐫𝐨𝐛𝐥𝐞𝐦! 📥

Bank statements can be manually uploaded to Xero by converting them from PDF to CSV. It’s a quick and easy way to keep your books up-to-date! 💻

04/10/2024

𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐬𝐰𝐢𝐭𝐜𝐡𝐢𝐧𝐠 𝐭𝐨 𝐗𝐞𝐫𝐨?

If you have unpaid bills or invoices, importing them in bulk is important to keep everything accurate from the start. I can help make the process easier for you

02/10/2024

I’ve been thinking a lot about how I can help others understand bookkeeping better, especially when it comes to Xero, QBO, real estate bookkeeping, and handling clean-up and catch-up. So, I’ve decided to share a series of Q&A posts where we can talk about these topics in a simple, clear way. My hope is that by sharing what I know, we can all learn and grow together. If you’ve ever felt unsure about any of these, I hope this helps. Let’s take it one step at a time, together. 😊

19/09/2024

Imagine you’re a real estate investor managing several rental properties. A tenant moves in and hands over a security deposit, and you record it as rental income by mistake. 𝐀𝐭 𝐭𝐚𝐱 𝐭𝐢𝐦𝐞, 𝐲𝐨𝐮 𝐫𝐞𝐚𝐥𝐢𝐳𝐞 𝐲𝐨𝐮’𝐯𝐞 𝐩𝐚𝐢𝐝 𝐭𝐚𝐱𝐞𝐬 𝐨𝐧 𝐭𝐡𝐚𝐭 𝐝𝐞𝐩𝐨𝐬𝐢𝐭—𝐦𝐨𝐧𝐞𝐲 𝐭𝐡𝐚𝐭 𝐝𝐨𝐞𝐬𝐧’𝐭 𝐛𝐞𝐥𝐨𝐧𝐠 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐧𝐝 𝐦𝐢𝐠𝐡𝐭 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐭𝐮𝐫𝐧𝐞𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐞𝐧𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐬𝐞.

This simple mistake can cost you more than it should. 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐚𝐫𝐞 𝐧𝐨𝐭 𝐢𝐧𝐜𝐨𝐦𝐞; 𝐭𝐡𝐞𝐲’𝐫𝐞 𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬—𝐟𝐮𝐧𝐝𝐬 𝐲𝐨𝐮 𝐡𝐨𝐥𝐝 𝐢𝐧 𝐜𝐚𝐬𝐞 𝐨𝐟 𝐝𝐚𝐦𝐚𝐠𝐞𝐬 𝐨𝐫 𝐮𝐧𝐩𝐚𝐢𝐝 𝐫𝐞𝐧𝐭. By creating a "𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐝𝐞𝐩𝐨𝐬𝐢𝐭 𝐩𝐚𝐲𝐚𝐛𝐥𝐞" account, you can track these amounts correctly and avoid paying unnecessary taxes.

𝐓𝐡𝐢𝐬 𝐬𝐦𝐚𝐥𝐥 𝐚𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭 𝐜𝐚𝐧 𝐬𝐚𝐯𝐞 𝐲𝐨𝐮 𝐦𝐨𝐧𝐞𝐲, 𝐤𝐞𝐞𝐩 𝐲𝐨𝐮𝐫 𝐛𝐨𝐨𝐤𝐬 𝐚𝐜𝐜𝐮𝐫𝐚𝐭𝐞, 𝐚𝐧𝐝 𝐞𝐧𝐬𝐮𝐫𝐞 𝐲𝐨𝐮’𝐫𝐞 𝐢𝐧 𝐠𝐨𝐨𝐝 𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐭𝐚𝐱 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐢𝐞𝐬. Don’t let a simple categorization error cost you; make sure your security deposits are recorded the right way.

13/08/2024

I had the opportunity to learn about 𝐔𝐒 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧, and it’s truly one of the most complex systems out there. 𝐖𝐢𝐭𝐡 𝟓𝟎 𝐬𝐭𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝟓𝟏 𝐣𝐮𝐫𝐢𝐬𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬, 𝐞𝐚𝐜𝐡 𝐰𝐢𝐭𝐡 𝐢𝐭𝐬 𝐨𝐰𝐧 𝐭𝐚𝐱 𝐫𝐮𝐥𝐞𝐬, I can only imagine how challenging it must be to manage books in the US.

Thanks to Coach Joe DiChiara, I’ve gained a new perspective on why the US is such a promising market. There’s a significant shortage of bookkeepers and accountants and with 𝐨𝐯𝐞𝐫 𝟐𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐬𝐨𝐥𝐞 𝐩𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐨𝐫𝐬, 𝐦𝐚𝐧𝐲 𝐧𝐞𝐞𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞𝐢𝐫 𝐛𝐨𝐨𝐤𝐬. It’s so easy for them to face challenges with tax compliance.

What really resonated with me was Coach Joe’s approach—he values character over experience, 𝐰𝐡𝐢𝐜𝐡 𝐢𝐬 𝐰𝐡𝐲 𝐡𝐞 𝐞𝐧𝐣𝐨𝐲𝐬 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐅𝐢𝐥𝐢𝐩𝐢𝐧𝐨𝐬. 𝐇𝐞 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞𝐬 𝐨𝐮𝐫 𝐜𝐮𝐥𝐭𝐮𝐫𝐞, 𝐬𝐭𝐫𝐨𝐧𝐠 𝐰𝐨𝐫𝐤 𝐞𝐭𝐡𝐢𝐜, 𝐚𝐧𝐝 𝐥𝐨𝐯𝐞 𝐟𝐨𝐫 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠.

I’m thankful for this webinar, not only for the knowledge I gained but also because it was all for a great cause, supporting Carina Relief.

11/08/2024

𝐉𝐮𝐬𝐭 𝐡𝐚𝐝 𝐚𝐧 𝐚𝐦𝐚𝐳𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐚𝐧𝐝 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧!

It’s such a relief to know that Australia has a standard tax rate across the country, making things way less complex compared to other places.

Huge thanks to Coach Loida Velasquez for breaking down how to apply GST in every transaction—she made it so clear!

And the best part? This webinar was for a great cause, supporting Carina Relief. Feeling grateful and excited to put this knowledge to work! 🙌

10/08/2024

𝐈𝐬 𝐢𝐭 𝐫𝐞𝐚𝐥𝐥𝐲 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 𝐭𝐨 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐒𝐨𝐥𝐨𝐩𝐫𝐞𝐧𝐞𝐮𝐫 𝐭𝐨 𝐀𝐠𝐞𝐧𝐜𝐲 𝐨𝐰𝐧𝐞𝐫?
Sir Jonathan Ruiz shared his journey with us and showed that it’s absolutely possible!

He emphasized that it's achievable through his process: Organize, Plan, Action, and Believe. The key is to choose a niche that's easy to replicate and delegate.

Arnel Guardian-Espayos, do you think we can pull this off?
Who knows—aral ka muna ng Bookeeping, hehe.

I’m incredibly thankful for this webinar—not just for the valuable knowledge, but also because it was all for a great cause, supporting Carina Relief.

10/08/2024

𝐖𝐡𝐨 𝐬𝐚𝐲𝐬 𝐰𝐞 𝐜𝐚𝐧'𝐭 𝐮𝐧𝐝𝐨 𝐚 𝐫𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐞𝐝 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐐𝐮𝐢𝐜𝐤𝐁𝐨𝐨𝐤𝐬 𝐎𝐧𝐥𝐢𝐧𝐞? I thought the same thing! But thanks to Coach Roma Borromeo, I now know it's possible to undo reconciled transactions using the Accountant tools in the QBO Accountant account.

No more exhausting trips to the bank register, changing every transaction status from Reconciled to Categorized, especially when dealing with thousands of transactions. This tip has been a lifesaver in cleaning up the books!

I’m incredibly thankful for this webinar—not just for the valuable knowledge, but also because it was all for a great cause, supporting Carina Relief.

10/08/2024

Handling 𝐦𝐮𝐥𝐭𝐢𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐐𝐮𝐢𝐜𝐤𝐁𝐨𝐨𝐤𝐬 𝐎𝐧𝐥𝐢𝐧𝐞 (𝐐𝐁𝐎) can be challenging. It's a complicated process, and sometimes it feels like more hassle than it's worth. But I'm so grateful to have learned from the best! A huge thank you to Sir Nikkie John Abilar, who shared his expertise during the webinar. He's truly a 𝐐𝐁𝐎 𝐌𝐮𝐥𝐭𝐢𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐞𝐱𝐩𝐞𝐫𝐭.

One valuable tip he gave us was about managing foreign currency transactions in QBO, which can't directly process foreign currency to foreign currency. His solution? Create a temporary clearing account—it’s a game-changer!

I’m really thankful for this webinar, not just for the knowledge, but also because it was all for a great cause, supporting Carina Relief.

03/08/2024

I recently learned some fascinating insights about Canadian taxation and found out that over 2.6 million people in Canada are self-employed and need bookkeepers in various industries. This is a huge opportunity for us!

A big shoutout to Sir Mark for sharing the secrets to getting clients in Canada. The key points? We need to speak the accounting language, follow Canadian practices, and keep learning.

I'm grateful for the webinar "From Online to Lifeline: Leveraging Our Skills for Carina Relief." It was a great way to expand our knowledge and support a good cause.

Let’s keep growing our skills and helping businesses in Canada thrive!

SOPHIA's Bookkeeping Firm

28/10/2024

27/10/2024

25/10/2024

15/10/2024

12/10/2024

05/10/2024

04/10/2024

02/10/2024

19/09/2024

13/08/2024

11/08/2024

10/08/2024

10/08/2024

10/08/2024

03/08/2024

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