MyT Financials

11/05/2025

We are posting a part-time positon as we continue to grow!

Job Title: Administrative Bookkeeping Assistant

Company Overview:
We are a professional bookkeeping firm serving clients nationwide. We manage accounts payable, accounts receivable, payroll, sales tax reporting, inventory support, and financial record organization in QuickBooks Online with structured internal workflows.

Position Summary:
The Administrative Bookkeeping Assistant supports the bookkeeping team by organizing financial documents, entering data accurately, monitoring communication requests, and preparing information needed for client records.

Key Responsibilities:

Enter bills, receipts, and financial documentation into QuickBooks Online.

Maintain and update customer and vendor contact details.

Pull sales tax reports from platforms such as Square, Shopify, Stripe, or Clover and upload for review.

Request and track W-9s, Certificates of Insurance, and other required documentation.

Prepare recurring report files and assist with formatting.

Update inventory item records and product information.

Track service agreements, renewal status, and documentation.

Monitor shared email inboxes, acknowledge receipt of requests, and route tasks appropriately.

Maintain task tracking in Asana or similar workflow system.

Required Qualifications:

Proficiency with QuickBooks Online (required; no training provided).

Accuracy in data entry and strong attention to detail.

Professional written communication and ability to follow established procedures.

Ability to work independently in a remote environment.

Position Details:

Remote position

W-2 employment

25 to 35 hours per week

Hourly rate: $13–$17, depending on experience

Flexible scheduling within standard business hours

Call now to connect with business.

05/21/2025

Introductions

Welcome to My Channel – Professional Bookkeeping Services You Can Trust!Hi, I’m Tyler Fackrell, a professional bookkeeper based in Idaho Falls, Idaho, proudl...

03/20/2025

We just finished teaching Bookkeeping for Beginners using Quickbooks (QBO) and will be teaching this again in September.

Please let us know if you would like us to email you to remind you of this course as the time draws closer.

03/20/2025

Thanks IFRM!

📊 Sponsor Spotlight: MyT Financials ! 💰✅

Big thanks to MyT Financials for sponsoring this year’s Walk in the Cold 5K! ❄️🏃‍♂️ While they’re usually busy keeping the numbers balanced, today they’re helping us balance hope and support for those in need! 💙

Whether it’s bookkeeping or backing a great cause, they know the value of making a difference. We’re so grateful for their generosity and commitment to our community!

Join us for the Walk in the Cold 5K and be part of something big! 🚶‍♀️➡️https://www.walkinthecold.com/

08/23/2024

This is an FYI I sent to my clients, thought it would be benficial to get it out there.

I’m sure you have heard of the new mandatory reporting for the Corporate Transparency Act. Attached is the official notice from the government dated July, 2024.

In short, the government is wanting to make sure every entity is owned by an actual person. Some states are trying to sue the government to make it so we don’t have to do this mandatory reporting to no avail.

The deadline for the reporting is within 90 days of formation if the entity is created in 2024 or by the end of 2024 otherwise. The financial fines are very steep if the deadline is missed.

This is a one-time reporting and will require your driver’s license to be saved on file prior to reporting. The website for this reporting is https://www.fincen.gov/boi

There are a few exceptions to needing to report (see https://www.fincen.gov/boi-faqs ), but most likely we will all be required to file.

While this is not normally in my scope of duties, I am happy to help answer any questions regarding the filing process. If you want to jump on a call and work through it together, I will need to charge some extra but am happy to do so.

08/23/2024

Please like and share! Don't forget to follow our page

08/23/2024

Hey all, I am teaching this course in September, please share this page wiht your friends so we can get the word out. This is for small-medium sized business owners/business managers of those businesses.

Now is the time to get registered for our QuickBooks & Bookkeeping Basics course at the Idaho Innovation Center. This course is facilitated by Tyler Fackrell of My T Financials! it will be held Wednesdays in September from 1:30-4:00pm! This course is a MUST for owners and employees of start-up or existing small businesses who manage their own bookkeeping! Follow the link to get registered today!
http://bit.ly/3EKMrnf

07/31/2024

Here is some useful information regarding the three financial statements every business owner should know I wrote a bit ago.

What reports does a business owner need to see and why?

As a business owner, as I have been since 2019, there are at least three reports imperative to see and track. I like to see these reports with some nuances which I will explain below.
The three reports are:
• Balance Sheet: The balance sheet is good to see the overall health of the company, it shows what assets you have, what liabilities there are, and what equity you have in the company.
o The assets include money in the bank (absolutely imperative to any business owner), what money you are owed (Accounts Receivable), and what items the company owns. This would include cars (fixed asset), buildings and improvements (fixed asset), and inventory (current asset).
o The liabilities are such items as credit card debt owed, short-term loans, long-term loans, and money you owe vendors (Accounts Payable).
o Lastly, the owners’ equity is just that, the equity (ownership) you have in the business. This is where the owner distributions (also imperative as a business owner) and contributions are.
o The reason the balance sheet is called a balance sheet, is it has to balance-Assets equal Liabilities plus Equity. QuickBooks and other accounting software will make sure of this.

• Profit and Loss: The profit and loss statement is important to look at every month and I like to look at it month-over-month. QuickBooks Online does an excellent job of pulling this report by clicking on the “Display columns by” dropdown and selecting “Months.” This will roll it out in front of you by month and you can look at each category month-over-month to make sure it feels right. This will also show if you have missed entering in an expense you may have paid with your personal account such as your office space from your home (rent) or the company’s portion of your cell phone and utilities-for those offices at home. The Profit and Loss Statement has three main categories.
o Income, which is money coming into the business, either through cash, checks, or credit (accounts receivable if you are accrual basis-save that for another blog).
o Cost of Good Sold (COGS) are expenses or labor you expensed to produce that income. The COGS can be tagged to individual items sold. If you are in the manufacturing industry, it would include the metal used to produce the inventory or items sold. If you are in the landscaping industry, the COGS would include the labor out mowing, fixing sprinklers, or driving the skid steer.
o The Expenses are the rest of the expenditures such as office supplies, rent, dues and subscriptions, insurance, front desk personnel, and management’s payroll. This is often called “overhead” and it cannot be tagged to a specific item or sale.
o Other income and expenses include income and expenses not related to the business’s normal operation, such as credit card cash back and depreciation expenses (to be covered in another blog).
• Statement of Cash Flows: This statement tells the business owner where the cash went. If it is positive, it is cash in hand and if it is negative, it is cash out of hand. Accounts Receivable would be negative if the A/R is going up because it is not cash in hand. Account Payable could be positive because it is money not paid out to a vendor, leaving cash in hand. If there is money on loan, it would be positive because, you guessed it, it gave you cash in hand.
QuickBooks Online does an excellent job of pulling these reports. Under the “Reports” tab, there is an option to pull the “Management Reports” which will print these three reports at one time as a PDF you can present to the bank for a loan or to your spouse to show him or her that your hard work of being a business owner is paying off!

05/16/2024

Job Description: Bookkeeper (Part-Time) - MyT Financials

Position: Bookkeeper
Hours: 20+ Hours per Week
Location: Remote
Availability: Regular Business Hours with Evening Flexibility allowed

About Us:
MyT Financials is a bookkeeping company that strives to have perfection in their books for their clients and provides an analysis of the Profit and Loss and Balance Sheet every month. We pride ourselves on accuracy, reliability, and personalized service.

Role Overview:
We are seeking a skilled and QuickBooks-certified Bookkeeper to join our team for a part-time position with the potential to develop into more hours. This role requires a professional dedicated to long-term growth with MyT Financials, who is not seeking additional clients independently. The ideal candidate will handle various bookkeeping tasks, including categorization, reconciliation, accounts receivable, and accounts payable management.

Key Responsibilities:
- Categorization: Allocate expenses and income to appropriate categories.
- Reconciliation: Regularly reconcile bank accounts and financial statements.
- Accounts Receivable: Manage client invoicing, follow-ups, and record payments.
- Accounts Payable: Process vendor bills and ensure timely payments.
- Process Adherence: Follow established processes for client accounts.
- Team Collaboration: Work closely with the MyT Financials team to provide seamless service to our clients.

Qualifications:
- QuickBooks Certification: Must be certified.
- Availability: Must be available during regular business hours with some evening flexibility allowed.
- Attention to Detail: Strong attention to detail and accuracy in all tasks.
- Dependability: Reliable and committed to a long-term position without seeking outside clients.
- Communication Skills: Excellent verbal and written communication skills.

Preferred Attributes:
- Strong organizational skills and ability to manage multiple tasks.
- Experience or familiarity with other accounting software is a plus.
- Ability to work independently and as part of a team.

Benefits:
- Flexible Hours: Some evening work is permitted.
- Growth Potential: Opportunity to increase hours over time.
- Long-Term Stability: Seeking candidates interested in long-term employment with potential for growth within the company.

If you are passionate about bookkeeping and looking for a dependable, long-term role within a supportive team, we encourage you to apply.

How to Apply: DM me to send your resume, cover letter, and proof of QuickBooks certification.

MyT Financials is an Equal Opportunity Employer.

Join our team and contribute to the financial success of our clients!