It Is April 4, 2020 on the Accounting Play Podcast. In rapid form we are going to cover major developments in the COVID-19 epidemic and the financial aid in process from the government. We are talking about $10,000 in small business grant money, new higher unemployment benefits, the Economic Injury Disaster Loans (EIDL), Paycheck Protection [...] T…

What can businesses write off to save on taxes? A tax write off is something that reduces the taxable profit for a business and therefore decreases taxes due. Profit in a simple business can be thought of the money or assets available to pay the owner at a point in time shown on [...] The post APP: 059 Write Off Business Expenses, Ordinary & Necess…

You need books.... fast! That means accounting. Profit and loss statement please as soon as possible. Here I will talk how the pros and rather, hacks, do it. We will layout the options from sloppy to choppy to a hoppy result. Need Quickbooks Online®, Payroll, Business Bank Account, Business Rewards Credit Card, or even Turbo [...] The post APP: 058…

How do I pay less tax? Should I be an LLC or S-Corp? What is deductible? All of the above are a few of the most commonly asked questions and we are going to do the most common questions business owners and startup entrepreneurs ask when they hire us to do the basics like bookkeeping [...] The post APP: 057 New Business Top 7 Questions and the Secre…

Know Your Numbers in 30 Minutes Starting a company is easy. Creating a profitable business with minimal investment is not. Even good ideas are worth nothing and actually turning ideas to reality is only the start. The Start is a critical time for proper guidance to save your time and money – both of which [...] The post APP: 056 Starting a New Busi…

In this episode, learn how we make accounting apps and more. The post APP: 055 Making a Podcast, Apps, Teamwork, & Passive Income – The Accounting Play Story appeared first on Accounting Play.By John Gillingham CPA

This is the last episode on my personal and business travel series, where we chronical the making of technology products in foreign lands – as well as share more than a few stories along the way. In the prior episode, Accounting App Ashram VIII: The BRIC Road to Rishikesh, the journey continues from the heart [...] The post APP: 054 Accounting App …

In the prior episode, Accounting App Ashram VI & VII: Development Rose Pedals, the journey continues in India, where we just met the team creating the AccountingPlay.com membership website and Tax Fight app. Fatigued beyond belief after a weeklong development marathon in Chandigarh, I had little left in my mental, let alone spiritual gas tank. [...…

This show is a continuation of my personal and business travel expose, where we chronical the making of technology products in foreign lands – as well as more than a few stories along the way. In the prior episode, Accounting App Ashram IV & V: Chandigarh Micro Brews, the journey continued to India, after the [...] The post APP: 052 Accounting App …

This show is a continuation of the Accounting Play travels, where we chronical the making of technology products in foreign lands – as well as a few stories along the way. In the prior episode, Accounting App Ashram II & III: Shocking New Delhi App Development - 12 hrs in India, the journey continued after [...] The post APP: 051 Accounting App Ash…

This show is a continuation of my personal and business travel expose, where we chronical the making of technology products in foreign lands. In the prior episode, Indonesian Graphic Design & Bandung Hipsters, the journey began with an Indonesian emotional roller coaster ride that kicked off the newest iOS app, “Tax Fight.” Welcome to [...] The pos…

Introduction to the Accounting App Ashram Welcome to the first installment of Accounting Play’s ten part mini blog and podcast series, Accounting App Ashram, where we dive into the company’s journey East in search of entrepreneurial enlightenment. This is as much of a journey for the company, as it is for the author, narrator, and [...] The post AP…

Welcome to the Business Tax Series Part IV: -Consulting Services: Upwork®, Fivrr®, etc -Paid Drivers: Lyft®, Uber®, Taxi, etc -Crowdfunding: Kickstarter®, Indigogo®, etc -Accounting Solutions: Quickbooks®, Xero®, etc -Conclusion is To Be Continued… Get the iOS APP: HERE Kindle Book: Business Tax Prep & Plan by Accounting Play: Small Business [...] …

Welcome to the Business Tax Series Part III: -Income in General -Deductions and Adjustments in General -Individual Itemized Deductions -Tax Credits -Self-Employment (business) Income and Tax Payments -Intro to Business Deductions -Intro to Tax Planning -Intro to Retirement Accounts Get the iOS APP: HERE Kindle Book: Business Tax Prep & [...] The po…

Welcome to the Business Tax Series Part II: -Federal Tax Filing Basics I: filing requirements, status, dependents -Federal Tax Filing Basics II: getting to taxable income -Federal Tax Filing Basics III: income tax, self-employment tax, withholding -Federal Tax Filing Basics IV: estimated tax payments Get the iOS APP: HERE Kindle [...] The post APP:…

Welcome to the Business Tax Series Part I: -Business Tax Basics & Ye Ol' Disclaimer -Solo Entrepreneurs and Taxes -Goals and Different Tax Situations -Tax System USAUsing Your Resources Get the iOS APP: HERE Kindle Book: Business Tax Prep & Plan by Accounting Play: Small Business | Individuals | Deductions [...] The post APP: 045 Business Tax I of …

Find out what it takes to start a retail shop in San Francisco with Problem Library... Can a self funded with precious objects, passion, and a unique store vision with no web presence survive in 2016? Join Accounting Play, with host John Gillingham and Entrepreneur Grayson Stebbins as we chronicle the emotional, relationship, and financial [...] Th…

Welcome to the wild world of financing for San Francisco start-ups! This is the conclusion of our three-part series with the Bend Law Group. I was joined by Alex King to talk about small business financing from Idea to Unicorn (a billion dollar company). Alex’s ideal client at Bend Law is a small business owner [...] The post APP: 043 Financing for…

This is part two of our three-part series with the Bend Law Group. This time I was joined by Tucker Cottingham to talk about intellectual property and brand protection for small businesses, from the small shop to big start-up dreams. Tucker and team just launched the standalone BLG Trademarks website, and he’s been working on [...] The post APP: 04…

This episode kicks off our three-part series with the Bend Law Group. I was joined by Doug Bend to talk about business entity structures and tax implications. Doug’s specialty is entity formation, helping business owners figure out what type of legal structure makes the most sense for their business. His firm’s clients range from hardware [...] The…

APP- 040 AccountingSuite, Music Artists Using Accounting, Tour Vans, Merch Tables, FinTech, Value Added Software In this episode, part of our FinTech series, my guest is Kurt Kunselman, Sales and Marketing Director at AccountingSuite. Yes, he’s an expert in accounting software, but his background is in the music industry, which makes for a pretty i…

Xero, accounting software for small business owners and accountants. Today we are exploring value billing, student hacks into an accounting job, and another peek into the FinTech world. Welcome the hottest player on the accounting block: Xero, maker of online "beautiful software." Joel Lecayo has been generous enough to offer great insights for acc…

More FinTech excitement, San Francisco entrepreneurship, and value billing for accounting companies. Please join us as we take a deep dive with Rob McGrorty, a recovering accountant turned Product person. He’s developed an aversion to overly complex systems and now spends his time creating simplicity and automation from chaos. Starting his career a…

APP: 037 TaxBestimates – Startup World of FinTech My guest this episode is Sammy Soto from TaxBestimates. We discussed the FinTech startup world. That stands for “financial technology,” in case you’re wondering. TaxBestimates is built to work for the individual taxpayer the way that other tax software really only works for business customers. It’s …

Accounting job interview tips and a practice interview Resume download: HERE Accounting Resume Downloads to come. Please enjoy the Job Interview For Accounting 1st Years & Beyond - With Bobby - As we take a deep dive into: First year accounting job interview tips Insight into interview flow for any accounting or finance professional Practice [...] …

About the Podcast Tax-Aid is a non-profit that provides free income tax preparation services to taxpayers earning less than $53,000. This amazing organization provides a wonderful service to underserved individuals and communities. For the inspiring and professional tax preparer, the organization provides a resource to help others, and as we will l…

How to start making money with bookkeeping and maybe even work from home “I'm trying to re-learn bookkeeping with the idea of working from home. My health now requires me to look for a way to earn a living where I can have a more flexible work schedule” -WPL The work from home dream [...] The post App: 034 Bookkeeping Career Restart appeared first …

I quit my temp job after 4 hours today and hope I learned something in the process. Why Work an Accounting Temp Job? Temp jobs have been instrumental in the early stages of Gillingham CPA as I built my firm one client at a time. They helped pay the rent as I then turned to [...] The post APP: 033 Accounting Temp Jobs I Quit appeared first on Accoun…

Cash Flow Ratios Audio Cash Flow Ratios Topics Summary Operating Cash Flow / Sales Ratio Free Cash-Flow / Operating Cash Ratio Cashflow Coverage Ratio Summary Cash flow is the actual amount of cash generated or lost by an entity during the course of operations. Cash and cash flow are important mainly because it is [...] The post APP: 032 Accounting…

Debt and Solvency Ratios Audio Debt and Solvency Ratios Topics Introduction Debt Ratio Debt to Equity Ratio Equity Ratio Capitalization Ratio Cash Flow to Debt Introduction Solvency is the ability of a company to meet its long-term financial obligations. This ratio group is concerned with identifying absolute and relative levels of debt, financial …

Liquidity Ratios Audio Liquidity Ratios Topics Introduction Current Ratio Quick Ratio Cash Ratio Times Interest Earned Ratio Introduction Liquidity ratios measure company’s ability to meet its short-term obligations (liquidity). Understanding liquidity is important because it shows the degree to which a company can be expected to pay creditors (or …

Benefits and Limitations Audio Benefits and Limitations Topics Benefits Limitations Balance Sheet Income Statement Industry Specific Benefits Financial ratios are designed to provide users of information useful metrics to evaluate business activity and health. The results provide a quick and consistent methodology for digging into somewhat complex …

Using Financial Ratio Flashcards Audio Using Financial Ratio Flashcards Topics Using Financial Ratio Flashcards Using Financial Ratio Flashcards Financial Ratio Flashcards is an iOS app that covers the most important financial ratios using both flashcards along with written and audio lessons that cover ratio analysis, calculation, and key points. A…

“Please let me know if you ever have any suggestions as I begin studying for the CPA” -Big 4 CPA Candidate CPA Exam Tips Intro The CPA exam is not extremely difficult by itself, but is very demanding in terms of time and planning. Would you fail a test if given all of the [...] The post APP: 027 CPA Exam Tips appeared first on Accounting Play.…

Connect with your accounting peers and teachers Accounting is a profession of people, not living calculators. Connect with your serious classmates by working together and assisting each other at every opportunity. Successful career accountants are constantly connecting and giving their knowledge whenever possible. You should be on a first name basi…

This Podcasts focuses on the Learn Debits & Credits eBook which includes printable worksheets. Free for subscribers and blog readers HERE On Amazon for $2.99 HERE Free video course to coordinate with eBook HERE I was over debits & credits but realized you need to learn them if you have a test to pass or [...] The post APP: 025 Learn Debits & Credit…

After 10 revisions, Accounting Cheat Sheet and Kindle Version (paid) is out. Time for a release party! Well not quite yet. If I had a release party for every release, I think I would never get any work done. The Cheat Sheet is seven pages of accounting goodness that you can print and there is also another [...] The post APP: 024 Cheat Sheet for Acc…

In this particular episode, you will learn About operating a small CPA firm Getting hired at your local firm John Gillingham: Hi, welcome to the Accounting Play Podcast number 22. Today I have Travis Long, CPA -- owner of a small CPA firm. How's it going Travis? Travis Long: Great, John, thanks very much for [...] The post APP: 023 Successful Small…

In this particular episode, you will learn Accounting study tips not only to help you learn more, but understand why you are learning it John, CPA, from Accounting Play here to share some tips on how to win at your accounting class. Here is my top 10 List: Listen to this on the Accounting Play Podcast [...] The post APP: 022 Top 10 Accounting Study…

In this particular episode, you will learn About Accounting Careers How To Get a Job This is an hour long interview where Bobby and I go deep into what it takes to get hired in accounting. You will appreciate the brutal honestly behind the mic. My goal is that this interview will provide some insight into [...] The post APP: 021 Super Recruiter Int…

In this particular episode, you will learn What "it" is all about Accounting Play and I trying to get paid (My company is trying to make money) Debit assets up, credit them down (Assets increase with a debit and decrease with a credit) San Francisco livin’ - up town (I live in San Francisco in a [...] The post APP: 020 Debits and Credits Rap Explai…

In this particular episode, you will learn Memorizing something - yup The Debits & Credits Rap is designed to help teach the debits and credits accounting concept in an entertaining way. Accounting Play and I trying to get paid Debit assets up, credit them down San Francisco livin’ - up town Now listen up - to [...] The post APP: 019 Debits and Cre…

In this particular episode, you will learn Debits and Credits Entries Topics Journal Entries Example Accounting Entries Memorization Contra Accounts Trial Balance Presentation Summary Journal Entries Each transaction in accounting has a debit and credit side. Yet, the user of accounting software can be unaware of this because the entries are mostly…

In this particular episode, you will learn The Income Statement, Shareholders’ Equity, Cash Flows, and the Notes to the Financial Statements Podcast transcript: Topics Shareholders’ Equity Cash Flows Notes Statement Relationships Different Names, Similar Concept Statement Analysis Preparing Financial Statements Summary Shareholders’ Equity The stat…

In this particular episode, you will learn Accounting Debits and Credits Podcast transcript: Debits and Credits Accounting System The Double Entry System Different Account Types Increases and Decreases Debits and Credits Accounting System Debits and credits form the foundation of the accounting system. The mechanics of the system must be memorized.…

In this particular episode, you will learn How Debits and Credits Increase and Decrease in Accounting Podcast transcript: Topics Increases and Decreases Debits and Credits by Account Assets Expenses Liabilities Equity Revenue T-Accounts Increases and Decreases The debit and credit rules used to increase and decrease accounts were established hundre…

In this particular episode, you will learn The Income Statement Podcast transcript: The balance sheet, also referred to as the statement of financial position, reports the financial position of a business at a point in time. Because the information is reported at a point in time, the balance sheet can be compared to a photograph. It is [...] The po…

In this particular episode, you will learn The Income Statement Podcast transcript: Income Statement The income statement, also referred to as a profit and loss statement, reports the financial performance of a business over a period of time. Because the information is reported over a period in time, the income statement can be compared to a video.…

In this particular episode, you will learn About the Balance Sheet and Income Statement Podcast transcript: Topics Introduction Summary of Statements Introduction Financial statements provide valuable financial and operational information about an entity. Different operating entities can include: businesses, charities, trusts, governments, investme…

In this particular episode, you will learn About Small Business Tax and Practical Tips Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Seek an attorney and qualified accountant. Topics Tax Accounting for a Small Busi…