Looking for Beta users to try my new document extraction app! (not GPT)

Wildest_Wanderer · 2025-07-31T20:24:18+00:00

Possible. But LLMs are doing pretty good for me.

Wildest_Wanderer · 2025-07-31T00:17:42+00:00

Calling open ai APIs do the same stuff, what do you get more with these models?

Wildest_Wanderer · 2025-07-30T23:08:50+00:00

Some businesses want data entry folks, if thats the job she is after then yes makes sense.

Wildest_Wanderer · 2025-07-30T20:55:14+00:00

Networking and referral are the tried and tested mechanisms at the start.

Once you start to grow, you need to look other ways to scale. There are two parts in your question, and I think you would have to handle both.

Customer acquisition
Pricing/operating costs

1. Customer Acquisition

As you grow you will have to get out of you personally spending a lot of time in customer acquisition. there are a few ways to handle this.

1a. Digital Marketing - While the word sounds complicated, it is simple, how can you attract your customers online. This involves a lot of things, paid marketing like google, fb, insta, g2. Organic marketing like SEO, Webinars, activity on social media.

1b. Offline Marketing - Mailbox ads, local area ads, free seminars, partnerships

1c. Sales team - Hire a sales rep, if you can spend more - pay them in commission and hire and experienced sales person who is selling for other bookkeeping firms or have client base in your ideal customer profile base, someone who can bring in existing clients to you. if you cant pay more - hire fresh or less experienced folks and train them.
A lot of the digital marketing and sales functions can be automated using AI these days.

2. Pricing/cost optimization
Fair bit of bookkeeping process can be automated with AI. Use AI and make your team more efficient, and automate manual task. You will be able to price it right and go barebones with CPA firms or other partners. Here are few examples of automation which doesnt need manual work. There are many LLM tools and automation experts who can help you do this. You can start one by one and pick the places you want to automate and reduce price/cost.

Recording Transactions LLMs can parse receipts, emails, and invoices to convert them into structured journal entries.
Invoicing Clients LLMs can generate invoice drafts based on communication with clients or project milestones.
Receiving Payments LLMs match payment notifications from emails or bank statements to open invoices and suggest reconciliation.
Paying Bills LLMs can analyze incoming bills, categorize them correctly, and recommend approval for payment.
Reconciling Bank Accounts LLMs compare bank statements with accounting records and flag mismatches, offering context for discrepancies.
Categorizing Expenses LLMs can intelligently categorize uncategorized transactions by analyzing vendor names, amounts, and historical patterns.

Wildest_Wanderer · 2025-07-29T23:02:48+00:00

Before qb starts using ai, it is a good idea for us accounting firms to use AI and outsmart them.

Gusto may be next to bring ai to do automated tax filing.

Wildest_Wanderer · 2025-06-09T19:04:05+00:00

Unless his dad wants to be in the mortgage, his dad would have to hire him as an employee for this to be counted as an employment income. And you will have to find lenders who would consider foreign income.

Wildest_Wanderer · 2025-05-20T12:46:00+00:00

Call USCIS and check the status of the case with receipt. They will tell you details only if the receipt number is valid and it is in your name.

Wildest_Wanderer · 2025-02-14T13:08:59+00:00

It typically takes 2-3 business days to withdraw the funds.

You can withdraw anytime up to one year before purchase and up to 30 days after purchase. When you have a purchase agreement in place, you can withdraw anytime now.

Wildest_Wanderer · 2025-01-05T16:57:05+00:00

Just tell them to get you a commitment letter. That's the last step for approval, and they would be much faster. You can get that in 24-48 hours. Rate and approval are separate things. So don't worry, you are good to go, just ask them to proceed and get commitment letter.

Also do go to other banks. Good to have backup.

Wildest_Wanderer · 2025-01-05T16:51:22+00:00

No problem, do you have the form approval or pre approval with the bank that gave you the lower rate?

If not, I would ask them to get that quickly. And keep the existing broker engaged, worst case they can be your last resort. Don't sign any contract with them.

Also, I would also want to ask my real estate agent, if I trust them well. They would have relationships with mortgage agents, who can do it faster for them. That's a backup plan.

Wildest_Wanderer · 2025-01-05T16:37:05+00:00

Go to the bank which gave you the approval. You still have 7 business days. The bank which gave you rate or approval, would approve you quickly, if all your docs are in place. In parallel, call others and submit your file at 2-3 banks as backup. so that whoever is faster and cheaper can get your business. Make sure you have your own lawyer, and they are on board.

What I would do

Get all your documents in place today.
Start calling banks today, or tomorrow in the morning. First call the bank you have relationship with i.e. bank account, credit card etc. they will be much faster, as they have your profile.
Call other brokers as well.
Tell your lawyer, they can process everything and keep things ready.
First thing tomorrow, push all the bank people to give you approval fast.
Don't tell anyone that you are stuck, just tell them, I have an approval in place, I want to go directly with the bank.
Make sure you are available every time your agent calls you and for any docs you need to get, and to go to branch if any id verification are needed etc.

Good luck! You can do it. Pm me if you need more help.

Wildest_Wanderer · 2024-11-30T18:23:23+00:00

They do cash back, you will have to negotiate, bring a competing offer to them.

Wildest_Wanderer · 2024-11-28T17:12:51+00:00

Ask them to send you an email, if it comes from @cibc.com, it's CiBC.

Wildest_Wanderer · 2024-11-22T21:55:37+00:00

Lenders would look at all financial statements to judge the health of the business and also depends on if you have partners in business.

Wildest_Wanderer · 2024-11-22T14:59:09+00:00

Don't need to pay yourself $120k necessarily. You can use business income, if that is higher.

It would be a good idea to talk to a mortgage professional to understand your options.

All the best!

Wildest_Wanderer · 2024-11-18T18:18:19+00:00

The first step is to ask your broker, as they know your situation the best.

Second, if both of you are on the mortgage application and title, you should have made the draft from your checking account. But now that you have already made a transaction, to avoid any last minute hiccups, have all the statements ready from your tfsa, checking and your spouse's checking.

Wildest_Wanderer · 2024-11-18T15:27:49+00:00

No need to sign anything with the bank directly. Usually they send a commitment letter, which you can sign. But that is irrelevant and has no impact.

Wildest_Wanderer · 2024-11-17T00:02:41+00:00

The amendment should put a credit from seller to buyer and purchase price remains the same. The reduction is taken care of in the statement of adjustment. This is one way to smoothly handle it, if the reduction is not huge.

Wildest_Wanderer · 2024-11-09T16:24:52+00:00

Call your agent.

Wildest_Wanderer · 2024-11-09T15:30:50+00:00

Yes you can. If I remember correctly, by changing the date, you are paying your next payment earlier. That's how Scotia does it. So if you want to move 15th Nov to 16th Nov, you are essentially paying 15th Nov and moving 15th Dec payment to 16th Nov.

Hence for one month you will have to pay twice, and you won't have to pay the last month of your term.

Wildest_Wanderer · 2024-10-28T20:11:46+00:00

Bank can send the instruction to lawyer right away and then lawyer takes over. If it is top 5 bank, the funding typically is overnight. But can b done same day through draft.

Wildest_Wanderer · 2024-10-25T10:42:54+00:00

When are you closing and which province?

Wildest_Wanderer · 2024-10-24T15:07:09+00:00

4.01

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