The Accounting Edit

28. Three Reasons to Update Your Books Monthly

This episode explores the critical importance of monthly updated books for business growth, debt funding, and tax planning. Leah and Aminder discuss how accurate, timely financial records empower business owners to make informed decisions, secure funding, and optimize tax strategies.   Takeaways ·     Importance of monthly updated books ·     Debt funding and business credit ·     Tax planning and quarterly estimates ·     Growth planning and business valuation   Chapters 00:00 The Importance of Monthly Bookkeeping 00:57 Debt Funding and Financial Preparedness 06:33 Tax Planning Insights 11:43 Growth Planning and Strategic Decisions   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, bookkeeping, debt funding, tax planning, growth strategy, financial records, cash flow, businessgrowth, funding readiness, financial accuracy

27. Mindset Shifts from Employee to Entrepreneur

This episode explores the transition from employee to entrepreneur, focusing on radical ownership, redefining success, and protecting your energy. Hosts Aminder and Leah share personal insights and practical tips for navigating this transformative journey.   Takeaways ·     Mindset shift from employee to entrepreneur ·     Radical ownership of business and life ·     Redefining success beyond titles and income ·     Protecting energy and setting boundaries inbusiness   Chapters 00:00 From Employee to Entrepreneur: A Mindset Shift 08:36 Redefining Success: Personal Definitions and Goals 16:29 Protecting Your Energy: Boundaries inEntrepreneurship   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: entrepreneurship, ownership, success, energy management, startup, business growth, mindset, work-life balance

26. How to Set Goals: The Aminder Method

In this episode, Aminder shares her detailed process forsetting and tracking goals, blending corporate frameworks with personal insights. Discover how her disciplined approach helps balance business growth with life balance, and get practical tips for starting your own goal-setting journey.   Takeaways ·     Start small: focus on one achievable goal at a time. ·     Track progress regularly: weekly, monthly, quarterly, annually. ·     Balance ambition with personal well-being. ·     Use reflection and realignment to stay on track. ·     Discipline is key, but self-compassion is essential.   Chapters 00:00 Introduction to Goal Setting 02:41 Aminder's Goal Setting Process 05:25 Weekly and Monthly Check-Ins 08:20 Balancing Personal and Professional Goals 11:24 Learning and Developing Goal Setting Skills 14:03 Discipline in Achieving Goals 18:56 Advice for Beginners in Goal Setting     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: goal setting, productivity, work-life balance, business growth, personal development, discipline, tracking progress, SMART goals, motivation, success strategies

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

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