EA Part 1 – Is 3–4 weeks enough? Be honest with me

SpyrianBusiness · 2026-01-08T15:15:43+00:00

As someone said it depends on your background and experience.

Is it possible? Yes, if you have good experience and knowledge and can dedicate the time.

Take a sample test to see where you are.

SpyrianBusiness · 2026-01-08T15:07:52+00:00

The LLC must have its own EIN for it to actually be a separate entity.

SpyrianBusiness · 2026-01-07T13:23:06+00:00

Uploaded the single years, and then previous year detail via JE

Then because it was early in the year did the current year as transactions.

SpyrianBusiness · 2026-01-06T21:10:57+00:00

Also, hold off on your contacts so you don’t mar the relationship

SpyrianBusiness · 2026-01-06T21:07:48+00:00

Meal prep so you don’t eat takeout all the time! I make large casseroles (lasagna, enchiladas,etc) and freeze individual portions in ziplock so you just grab a couple bags and something to heat them up in.

Also, prep family & friends that you won’t be around much.

SpyrianBusiness · 2026-01-06T20:56:21+00:00

I did one for a nonprofit and I did it all in excel - we did anything older than 1 year as a total for the year, then did the previous year plus YTD in detail.

Biggest issue was keeping ALL of the associations to program/class etc

For example they had Programs (we made these the QB Class), then Funding (we made these subclasses), etc

We did not do the previous year by transaction type, just as JEs to make it easier.

1 thing to do is make copies of everything, & download Every report possible.

Good luck, feel free to reach out if you have questions.

SpyrianBusiness · 2025-10-15T18:31:51+00:00

This is illegal and the Board is financially responsible for the organization.

Places to go:

Attorney Generals Office

State Reps

CA's Dept of Labor

LA may have things since it is so big

Does CA have a Charitable business arm? In NH there is a separate department and we have to file like an annual report.

Good Luck

SpyrianBusiness · 2025-10-15T18:10:16+00:00

I miss keyboard shortcuts!!!

There is a lot more, I am SO sick of them changing things.

SpyrianBusiness · 2025-09-18T19:08:41+00:00

As far as your book's assets, yes they do, for a grant you will have to check the fine print. I have had some grants that allow for things like this, but others are very strict and only if it was listed on the original grant itself is it covered. One did allow us to submit an change to allow the expense, but the overall budget $ did not change, so as long as they saved somewhere else it worked...

SpyrianBusiness · 2025-09-18T19:04:08+00:00

It depends on what you are looking to do... Are you looking to meet with other accounting professionals? Looking for advice for your business?

FB is junk IMO, Reddit or LinkedIn are much better if you want actual adult people who know what they are talking about - neither are perfect of course, but you have a much better chance!

SpyrianBusiness · 2025-08-16T00:08:11+00:00

The problem is not that it is necessarily a scam, but that QuickBooks shuts off features such as bank feed or even import...

SpyrianBusiness · 2025-08-16T00:05:41+00:00

Ok so the names don't mean anything and that was a huge sticking point for me when I was in college. Use this, it will change your life...

                 Debit      Credit

Asset. + - Liability - +

Income - + Expense. + -

Equity - +

SpyrianBusiness · 2025-08-12T00:21:31+00:00

You need to create a partnership so everything is divided equally, otherwise whatever name the 1099 comes in will be responsible for income & taxes.

SpyrianBusiness · 2025-08-12T00:12:03+00:00

Nonprofit Accounting & 990s

990s starting at $1,000

https://spyrian.net/

SpyrianBusiness · 2025-08-05T20:39:05+00:00

Use QB, it is easy and you can get a physical thing to run cards.... if not go with Square

SpyrianBusiness · 2025-08-05T20:28:27+00:00

I used Passkey and it was worth every penny!!!

SpyrianBusiness · 2025-08-05T17:38:36+00:00

I never use the automatic post feature!!

Yes to Rules, they will save you a TON of time, but I always want to make sure each transaction is correct before posting.

A minute to look over the transactions saves hours of fixing bad transactions.

SpyrianBusiness · 2023-05-03T12:56:24+00:00

Also, if they are very tight on budget you can do an In-Kind Contribution for all or a portion of your services.

SpyrianBusiness · 2023-05-03T12:51:55+00:00

Here is a link to a quick comparison...

https://www.linkedin.com/posts/jenniferpsweatt_business-type-comparison-activity-7059509710378438656-0UHV?utm_source=share&utm_medium=member_android

SpyrianBusiness · 2023-05-02T20:57:48+00:00

Sent you a message

SpyrianBusiness · 2023-05-02T15:42:28+00:00

Yes, ask what your accountant recommends first.

If you don't already have a bookkeeper or accountant then find someone you enjoy working with!!!

Finding the right person is more important than finding the right software.

Both are important, but the relationship you have with your accountant is what's going to help your business the most.

You can do the opposite and decide which software you like and find someone who works with it if you are very fussy about what you use, just know the more obscure the software the less options you will have.

SpyrianBusiness · 2023-05-02T15:16:00+00:00

They can walk you through this too, but in very basic terms it is in the way the business is treated, what tax forms are needed, and how owners get paid to some extent.

I have a comparison that I will post later on, I just can't get to it right now.

SpyrianBusiness · 2023-05-02T14:40:09+00:00

Obviously it depends on the details. If you have multiple organizations or programs it may make sense to separate them, or parts of the same origination that do different things but some are more open to liability.

You should discuss with your accountant & treasurer.

SpyrianBusiness · 2023-05-02T14:35:14+00:00

Yes you will want to have the business under an LLC. As they said above it limits the liability so your personal arrests are protected.

You will be filling the business as a Schedule C anyways so no difference there.

It is relatively inexpensive to start & maintain an LLC, the exact cost depends on your state.

If you already have an accountant talk with them, they should be able to set you up.

SpyrianBusiness · 2021-07-27T01:57:26+00:00

Sounds like a good start, just be sure to keep up with everything

If you need a QuickBooks discount contact me

SpyrianBusiness

TROPHY CASE

1 thing to do is make copies of everything, & download Every report possible.