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Money Talk With Tiff

Money Talk With Tiff

    Money Talk With Tiff
    Episode•March 3, 2022•12 min

    Stay At Home Bookkeeping with Tiffani Higgins | Ep. 91

    Tiffani Higgins, CPA and owner of the Bookkeeper Academy, joins us this episode to walk through all things bookkeeping. Tiffani shares her own experience in starting her bookkeeping company, how her program helps moms build home-based bookkeeping businesses on their own terms, and how bookkeeping can be a flexible side hustle for anyone.  About Our Guest Tiffani Higgins is a CPA and mom of 5 and former bookkeeping business owner. After 4 years of experiencing all the amazing benefits that a virtual bookkeeping business provided to her family (unlimited vacation time, ability to travel, no need to budget, upgraded lifestyle, brand new car, house with a pool and tennis court, paying off debt, etc) she decided to launch the Stay-at-Home Bookkeeper Academy where she could teach other busy moms to follow in her footsteps and create their ideal lifestyle so they could have their cake and eat it too. This allowed families to build wealth while still getting to experience every one of their children’s milestones. Connect with Tiffani Higgins Facebook: https://www.facebook.com/groups/HYCAEIT Instagram: @haveyourcakeeatittoothiggins Website: https://www.stayathomebookkeeper.com Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

    Apple PodcastsSpotifyYouTubeOvercastAmazon Music

    Key Takeaways

    • 1

      Bookkeeping is accessible without formal certifications

      In the US, Canada, and UK, no certifications or accounting background are required to become a bookkeeper

      About 80% of bookkeeping is data entry while 20% involves higher-level skills

      Self-teaching or enrolling in structured programs like the Stay at Home Bookkeeper Academy are viable paths

    • 2

      Bookkeeping provides exceptional flexibility for parents

      Work can be done at any time of day or night, including weekends, without needing long consecutive hours

      Financial statements are typically due at month-end, allowing work to be batched in the final week

      Tiffani scaled back to 20 hours/week or less while pregnant with twins without falling behind on client work

    • 3

      Bookkeepers can earn $100+ per hour with efficient systems

      Fixed-price packages combined with efficient workflows create high hourly rates

      Moms transitioning from $20/hour jobs can earn five times more while working fewer hours

      This model provides extreme time flexibility and value for both bookkeeper and client

    • 4

      Clear financial statements reveal business reality beyond bank balances

      Many owners track business health only by checking account balances

      Categorized financials often reveal that high revenue doesn't equal healthy profit

      Tiffani's own business review led her to sell after discovering it wasn't as profitable as assumed

    Intro

    • Tiffani Higgins, CPA and mom of five, joins Money Talk with Tiff to explain how bookkeeping became the flexible, high-earning career that allowed her to build wealth while never missing her children's milestones.
    • Former bookkeeping business owner who launched the Stay at Home Bookkeeper Academy after experiencing the lifestyle benefits of a virtual bookkeeping business, including unlimited vacation, debt payoff, and upgraded living standards.
    WebsiteFacebook GroupInstagram

    – What Bookkeepers Actually Do

    • Bookkeepers compile and organize business finances by categorizing transactions from accounts, credit cards, and loans according to IRS requirements.
    • They produce financial statements that business owners use for tax filing, tax planning, loan applications, and strategic decision-making.

    Sometimes just having those clear financials from month to month can give them a lot of insight into how things are going.

    – Tiffani Higgins

    – The Revenue vs. Profit Wake-Up Call

    • Tiff (host) shares how hiring a bookkeeper revealed her business had strong revenue but weak profit, prompting her to sell it.

    There's a difference between revenue and profit... we look at the revenue and we're like, oh, we're doing so great... but we're not considering the expenses.

    – Tiff (host)

    – Breaking Into Bookkeeping: No Degree Required

    • No certifications or background needed in the US, Canada, or UK. Self-teaching or structured programs both work.
    • The work is 80% data entry and 20% higher-level skills, making it faster to master than most expect.

    Just like with business owners, you don't know what you don't know. So it's always good to have a mentor.

    – Tiffani Higgins

    – Tiffani's Journey: From Auditor to Mompreneur

    • Tiffani discovered accounting in high school and loved its balanced, checkable nature. She earned her degree and worked as an auditor before becoming a mom shifted her priorities.

    – Why Bookkeeping Works So Well for Moms

    • Pricing strategy and efficiency training allow bookkeepers to charge fixed packages while earning over $100/hour.
    • Work can be done in flexible chunks; month-end deliverables mean you can batch work into the final week if needed.

    When I got pregnant with twins... I stopped marketing... I was working maybe 20 hours a week or less... I was able to go to all my doctor's appointments and nobody harassed me about it.

    – Tiffani Higgins

    – Inside the Stay at Home Bookkeeper Academy

    • Bookkeeping fundamentals and financial statement preparation
    • QuickBooks Online software training
    • Client communication and expectations management
    • Marketing and back-office setup
    • Website and logo design included
    • Graduates can be client-ready within one week of starting the program.

    Resources

    • Stay at Home Bookkeeper Academy
    • Have Your Cake and Eat It Too Facebook Group
    • QuickBooks Onlinetool

    Topics

    bookkeepingwork from homemom entrepreneursside hustleQuickBooksfinancial statementspricing strategyflexible careerssmall business financevirtual business

    Stay At Home Bookkeeping with Tiffani Higgins | Ep. 91

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