The Accounting Edit
The Accounting Edit is a podcast hosted by two women who own accounting firms. They discuss the realities of building a modern accounting practice and help small business owners understand their finances. The show offers honest insights and practical advice for fellow firm owners, service-based entrepreneurs, and anyone curious about running a business.
Episodes
37. Get to know us! This or that, and more.
Leah and Aminder share lighthearted insights into their personal and professional lives, exploring topics from work preferences to pet choices, and seasonal favorites. This episode offers a fun break and a chance to get to know the hosts better. Takeaways· Meetings vs. emails: preferences and hybrid approaches· Career paths: startup vs. traditional accounting· Work schedule preferences
36. What Your Bookkeeper Should Actually be Doing Every Month
This episode clarifies what a bookkeeper should do eachmonth, emphasizing the importance of accurate financial management for business owners. Leah McCool and Aminder Mann discuss the key responsibilities involved in bookkeeping beyond simple data entry, including reconciliations, reviewing financial statements, and understanding the nuances of categorizing transactions. Takeaways· Reconciling
35. Separating Business & Personal Finances
This episode explores the importance of separating business and personal finances for small business owners. Leah and Aminder discuss practical steps, common pitfalls, and how to establish good financial habits to ensure clarity and compliance. Takeaways· Keep business and personal accounts separate to ensure clarity.· Regularly review and clean up your financial records.· Work with a
34. Things We Stopped Doing in Our Businesses
In this episode, Aminder and Leah share the key lessonsthey've learned by intentionally letting go of certain business practices to foster growth, balance, and fulfillment. They discuss how saying no, delegating, and embracing imperfection have transformed their businesses and lives. Takeaways· Saying no to opportunities to focus on aligned clients· Protecting time and setting boundari
33. The Financial Red Flags Every Business Owner Should Know
In this episode, Leah and Aminder discuss five key financial red flags that every business owner should watch out for. Understanding these signs can help prevent serious issues and promote healthier business finances. Takeaways· Revenue growth vs bank account growth· Importance of cash flow over revenue· Knowing your financial numbers· Keeping books up to date· Monitoring profi
32. Our Tech Stack: Accounting, Payroll, AP, AR, Timekeeping, Project Management, etc.
In this episode, Leah and Aminder share their insights onessential business softwares including accounting, payroll, accounts payable, receivable, and project management tools. Perfect for entrepreneurs and growing firms, this discussion helps you choose the right tech stack to streamline your operations. Takeaways· Choosing between QuickBooks Online and Zero foraccounting· Best payroll so
31. Things Nobody Tells You About Being a Woman Business Owner
Leah and Aminder discuss the unique challenges women face in entrepreneurship, focusing on talking about money, managing emotional stress, and building authority over time. This episode offers practical insights and personal experiences to empower women entrepreneurs. Takeaways· Women tend to be conditioned to avoid discussing money, which can hinder confidence.· Confidence in talking abou
30. Hot Takes We Have About Entrepreneurship
This episode explores the differences between being busy and growing a business, the importance of culture fit in client relationships, and debunks the myth that more education is always necessary before starting. Hosts Aminder and Leah share practical insights on pivoting, client management,and trusting your own expertise to accelerate growth. Takeaways· Difference between being busy and grow
29. One Year of The Accounting Edit: What We’ve Learned
In this episode, hosts Aminder and Leah reflect on their first year of podcasting, sharing surprises, lessons learned, and their vision for the future of The Accounting Edit. They discuss personal growth, community building, and plans to bring more diverse perspectives into their content. Takeaways· Reflections on first year of podcasting· Surprising lessons about entrepreneurship· Com
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 quar
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 an
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, m
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
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 la
23. What Actually Happens During a Bookkeeping Cleanup
This episode explores the importance of bookkeepingcleanup for small businesses, covering triggers, processes, common issues, and when to seek professional help. Learn how to restore your financial records, improve decision-making, and set a strong foundation for growth.Takeaways· Messy books are usually a systems issue, not character flaw.· Regular cleanup helps in making data-driven deci
22. Our Favorite Metric to Look at Every Month and Why it Matters
In this episode, Aminder and Leah discuss essential financial metrics for businesses, focusing on net cash flow and net profit margin. They explore how these metrics provide insights into a business's financial health and sustainability, emphasizing the importance of understanding cash inflows and outflows, as well as profitability. The conversation highlights the need for business owners to t
21. When DIY Bookkeeping Stops Making Sense
In this conversation, Leah and Aminder discuss the challenges of bookkeeping for business owners, highlighting signs that indicate when it's time to seek professional help. They explore the emotional burden of managing finances, the importance of understanding financial literacy, and the complexities that arise as a business grows. The discussion emphasizes the benefits of outsourcing bookkeep
20. Defining Accounting Terms: So you feel less lost when meeting with your CPA
In this episode, Aminder Mann and Leah McCool delve intoessential accounting terminology, aiming to demystify common terms used in the field. They cover key concepts such as the General Ledger, Trial Balance, Chart of Accounts, Journal Entries, Profit and Loss Statements, and more. The discussion provides insights into how these terms interrelate and their significance in understanding financial s
19. January tips & deadlines: 1099s, W2s, Year-End close, etc.
In this conversation, Leah and the Accounting Podcastteam discuss essential tips and deadlines for small business owners as they enter the new year. They cover important topics such as 1099 forms, W-2s, year-end closing procedures, financial performance analysis, and sales tax filings. The discussion emphasizes the importance of compliance, organization, and strategic planning for the upcoming yea
18. A Year in Review: Suprises, lessons, and predications
In this reflective podcast episode, Aminder and Leahdiscuss their experiences and lessons learned throughout 2025, their growth as entrepreneurs, and their predictions for the upcoming year. They share insights on the importance of networking, referral marketing, and the emotional journeyof starting a business. The conversation highlights the significance of trusting the process, adapting strategi
17. QuickBooks vs Xero: A Showdown of the Two Leading Small Business Accounting Softwares
In this episode, Leah and Aminder compare two popularaccounting software platforms, Xero and QuickBooks Online. They discuss the strengths and weaknesses of each platform, focusing on ease of use, target audience, bank reconciliation processes, invoicing features, reporting capabilities, and common mistakes made by users. The conversation aims to help small business owners make informed decisions
16. Our Monthly Close Routine: A Behind the Scenes Example You Can Copy
In this episode, Leah McCool and Aminder Mann discuss theimportance of monthly accounting updates and the monthly close process. They outline the steps involved in closing the books each month, the tools they use to streamline the process, and common issues that arise in clients' accountingpractices. The conversation emphasizes the significance of maintaining accurate financial records for bus
15. Mini-Series: Demystifying Your Financial Statements – Cash Flow Statement
In this episode, Aminder and Leah discuss the importanceof cash flow statements in business accounting. They explain what a cash flow statement is, how to read it, and the common mistakes business owners make when analyzing their cash flow. The conversation emphasizes the significance of understanding cash flow for making informed business decisions and ensuring financial stability. Takeaways·
14. Mini-Series: Demystifying Your Financial Statements – The Balance Sheet
In this episode, Aminder Mann and Leah McCool delve intothe intricacies of the balance sheet, a fundamental financial statement for businesses. They explain its components, including assets, liabilities, and equity, and emphasize the importance of understanding how these elements reflect a business's financial health. The hosts also discuss common mistakes made in balance sheet management and
13. The Growth Roller Coaster of Entrepreneurship
In this episode, Aminder and Leah share their entrepreneurial journeys, discussing the highs and lows of starting theiraccounting firms. They reflect on their initial challenges, the importance of community and networking, and the strategies they've implemented to grow their businesses. The conversation also touches on the emotional aspects ofentrepreneurship, including self-doubt and the sign
12. Mini-Series: Demystifying Your Financial Statements - P&L
In this episode, Leah and Aminder dive deep into the significance of Profit and Loss (P&L) statements for business owners. Theydiscuss what a P&L statement is, why it matters, and how to effectively analyze it to make informed business decisions. The conversation covers key components such as revenue, gross margin, and net income, as well as commonmistakes that business owners make when re
11. Seasons of Business and Life
In this episode of the Accounting Edit podcast, Leah and Aminder reflect on their summer experiences as businessowners, discussing the joys of flexibility, personal growth, and the importance of protecting their time. They share personal wins, lessons learned, and their weekend routines, while also looking ahead to the fall and setting new habitsfor their businesses. The conversation emphasizes th
10. Your Relationship with Money as a Business Owner
In this episode, Leah and Aminder discuss the intricaterelationship business owners have with money, exploring various approaches to growth, the concept of sustainable growth, and the importance of running lean to achieve higher profit margins. They share personal experiences and insightson how their backgrounds influence their financial decisions and strategies for business success.Takeaways·
9. Five Tips to Stay Organized With Your Bookkeeping
In this episode, Aminder and Leah discuss five essentialtips for staying organized with bookkeeping. They emphasize the importance of establishing a regular bookkeeping routine, separating business and personalfinances, choosing the right accounting software, digitizing receipts, and regularly reviewing financial reports. These practices are crucial for effective financial management and can signi
8. Bookkeeping - Reporting & Understanding your numbers
In this episode, Aminder and Leah delve into the intricacies of financial statements, focusing on the balance sheet, profit and loss statement, and cash flow statement. They discuss the importance of understanding these documents for business owners, identifying red flags, and the role of advisory services in helping clients navigate their financial landscape. The conversation emphasizes the need
7. Naming, branding, and becoming official: A detailed look into how we started our firms
In this episode, Leah and Aminder walk through the journey of naming their firms, building meaningful brands, and making their businesses official. They share personal stories behind the names Orca Accounting and Sequoia CPA, talk about how branding goes far beyond logos, and break down the legal steps every business owner needs to take when getting started. If you’re launching your firm or rebran
6. Bookkeeping – Payroll and Taxes
In this episode, Leah and Aminder discuss the intricacies ofpayroll and taxes, focusing on the processes involved in managing payroll, the responsibilities of business owners regarding tax compliance, and the importance of understanding sales tax. They also touch on cash flow management and the significance of being proactive in tax planning.Takeaways • Payroll involves wages, benefits, and tax
5. A Week in the Life: What We’re Really Doing
In this conversation, Leah and Aminder discuss their experiences with work-life balance, the challenges of preparing for the CPA exam, and the growth of their businesses. They share insights on the importance of organization, delegation, and maintaining a healthy work-life balance while navigating the demands of being small business owners. The discussion also touches on vacations and how personal
4. Bookkeeping - Accounts Payable & Accounts Receivable
In this episode of the Accounting Edit podcast, Leah McCool and Aminder Mann delve into the intricacies of accounts payable and accounts receivable, using the example of Michelle, a photographer. They discuss the importance of tracking business expenses, processing invoices, and managing cash flow effectively. The conversation highlights practical steps for handling accounts payable, including inv
3. Bookkeeping - Transaction Categorization & Account Reconciliations
In this episode of the Accounting Edit, Aminder and Leah dive into the intricacies of transaction categorization and account reconciliation, using a photography business as a practical example. They discuss the importance of accurately categorizing transactions to ensure effective financial management and the necessity of regular reconciliations to maintain clean and accurate books. The conversati
2. Defining Bookkeeping, Clean-Ups, Catch-Ups, & CFO Services
In this episode of The Accounting Edit, Leah and Aminder break down what bookkeeping actually involves—and why it’s so much more than just data entry. From categorizing transactions to reconciling accounts and preparing accurate reports, they unpack the foundational elements that help small businesses stay financially healthy.They also talk through common cleanup needs, the difference between mont
1. Meet the Hosts - Leah McCool & Aminder Mann, CPA
Welcome to the very first episode of The Accounting Edit! Meet your hosts, Leah McCool and Aminder Mann, CPA - two former startup senior accountants who took the leap from corporate and launch their own firms. In this kickoff episode, they reflect on what inspired the leap into entrepreneurship, the challenges (and successes) they've experienced, and the vision that drives their work today.As
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